The money will be distributed through the Indiana Specific Insurance Related Education (INSPIRE) program by “matching 50 percent of an employer's training costs, up to $750 per employee per application.” This new program was encouraged by input from different insurance industry experts and executives and “will be the most comprehensive state-funded training program in the country.”
The statistics for insurance employment and revenue within Indiana break down as follows, “60,000 people employed at an average salary of $47,500, $180 million a year paid in premium and other taxes with contributions over $3.8 billion to Indiana’s Gross State Product.”
The state of Indiana, like most states with insurance companies, has billions of reasons to offer as many incentives for insurance companies as possible.
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