Massachusetts Property Insurance Underwriting Association Revenue and Competitors
Estimated Revenue & Valuation
- Massachusetts Property Insurance Underwriting Association's estimated annual revenue is currently $18.7M per year.
- Massachusetts Property Insurance Underwriting Association's estimated revenue per employee is $220,000
Employee Data
- Massachusetts Property Insurance Underwriting Association has 85 Employees.
- Massachusetts Property Insurance Underwriting Association grew their employee count by -8% last year.
Massachusetts Property Insurance Underwriting Association's People
Name | Title | Email/Phone |
---|---|---|
1 | VP Chief Underwriting Officer | Reveal Email/Phone |
2 | SVP & General Counsel | Reveal Email/Phone |
3 | Director Information Technology | Reveal Email/Phone |
4 | Liability Department Manager | Reveal Email/Phone |
5 | Underwriting Operations Manager | Reveal Email/Phone |
6 | Underwriting Product & Reinsurance Manager | Reveal Email/Phone |
7 | Property Field Adjuster | Reveal Email/Phone |
8 | Administrator | Reveal Email/Phone |
9 | Senior claims adjuster | Reveal Email/Phone |
10 | Field Underwriting Representative | Reveal Email/Phone |
Massachusetts Property Insurance Underwriting Association Competitors & AlternativesAdd Company
Competitor Name | Revenue | Number of Employees | Employee Growth | Total Funding | Valuation |
---|---|---|---|---|---|
#1 | $694.8M | 2256 | 7% | N/A | N/A |
#2 | $12.5M | 63 | 2% | N/A | N/A |
#3 | $68.2M | 282 | 9% | N/A | N/A |
#4 | $56.9M | 235 | 36% | N/A | N/A |
#5 | $2.4M | 18 | -31% | N/A | N/A |
#6 | $19.8M | 90 | -8% | N/A | N/A |
#7 | $20.7M | 94 | 7% | N/A | N/A |
#8 | $6.9M | 39 | 5% | N/A | N/A |
#9 | $0.7M | 6 | N/A | N/A | N/A |
#10 | $2.4M | 18 | -42% | N/A | N/A |
What Is Massachusetts Property Insurance Underwriting Association?
The Massachusetts Property Insurance Underwriting Association (MPIUA) is a residual market insurance association in which all companies writing basic property insurance in the Commonwealth are required to participate with losses shared among the member companies on a premium volume basis. Responding to Federal Legislation, the Massachusetts Legislature in 1968 called for an urban area insurance placement facility and thereby gave rise to MPIUA. MPIUA is also known as FAIR Plan (Fair Access to Insurance Requirements). The FAIR Plan operates similar to that of a normal insurance company in that it underwrites and inspects risks, accepts premium, issues policies and adjusts claims. It has a seasoned professional staff, which provides exceptional service to its clientele. FAIR Plans are the outgrowth of the national emergency created by three years of rioting in American cities, beginning with the Watts outbreak in 1965. When the rioting of the 1960s suddenly mushroomed to disastrous proportions, the companies found themselves in the position of having to pay losses in excess of $100 million, on which they had collected no specific premium. Although the companies paid these losses, their capacity was severely taxed and their normal riot reinsurance market had dried up. It became obvious that emergency revisions of underwriting and reinsurance procedures were necessary for the future protection of urban property and urban existence.
keywords:N/AN/A
Total Funding
85
Number of Employees
$18.7M
Revenue (est)
-8%
Employee Growth %
N/A
Valuation
N/A
Accelerator
Company Name | Revenue | Number of Employees | Employee Growth | Total Funding |
---|---|---|---|---|
#1 | $11.9M | 85 | 6% | N/A |
#2 | $12.3M | 85 | 18% | N/A |
#3 | $11.9M | 85 | -15% | $30.2M |
#4 | $17.4M | 85 | 2% | N/A |
#5 | $12.3M | 85 | -25% | N/A |