In 2001 there were 3.7 million ordinary life insurance policies in force with a total value of $198.2 billion; total value for all categories of life insurance (ordinary, group, industrial, and credit) was $339.8 billion. Death benefits paid that year totaled $1.1 billion. As of 2003 there were 79 state-licensed property and casualty and 49 life and health insurance companies with home offices in Indiana.
In 2001, property and casualty insurers wrote premiums totaling $7.8 billion. That year, there were 25,609 flood insurance policies in force in the state, with a total value of $2.2 million.
The Department of Insurance licenses insurance carriers and agents in Indiana, and it enforces regulations governing the issuance of policies.