Insurance by members, for members
Housing Partnership Insurance Exchange (HPIEx) is a transparent, data-driven reinsurance captive exclusively for members of Housing Partnership Network. Created by and overseen by members. Coverage includes property & general liability, workers compensation, and now health insurance!
The strength of HPIEx provides stability for affordable housing organizations which provides confidence they have a reliable insurance program working for their best interest. HPIEx works with members to deliver safe homes for tenants with safe work environments for employees.
Stability
Organizations not subject to market swings, accurate renewal pricing estimates 4 months prior to renewal
Ownership
Overseen by members, giving organizations greater control over their insurance
Accountability
Each member is underwritten individually; benchmarking against your peers
Impact
Insure 100,000+ units of affordable housing valued at $15B+, workers compensation for 11 members with $150M+ payroll
Results
Over $12M distributed back in savings to P&C program members
Service
Long-standing relationships with vendor experts in broker services, captive management, actuarial, accounting, and finance
Products
Our P&C product insures over 85,000 units of affordable housing valued at more than $11 billion for 23 member organizations; Workers compensation coverage for 11 members with payrolls of over $150 million; and Health insurance coverage
History
Housing Partnership Insurance Exchange (HPIEx) is the first property and casualty reinsurance company created, owned and operated by nonprofit housing developers. It offers members superior coverage (property, liability, and workers compensation), customized loss control services, and stable premiums that shield them from the volatile pricing in the conventional insurance market.
Housing Partnership Network launched HPIEx in 2004 to address the insurance crisis faced by our members after September 11th when insurers dramatically raised premiums and canceled coverage despite exceptionally low loss histories. Today, HPN serves as general manager and part owner of the company and oversees its contractual relationships with brokers, fronting carriers, reinsurers, claims managers and actuaries. Strong performance has enabled HPIEx to consistently distribute annual dividends to owner-members.
Partners
