Alaska National

What Alaska National does

Alaska National Insurance Company is a commercial insurance carrier and subsidiary brand of CopperPoint Insurance Company, acquired by CopperPoint in 2016 alongside PacificComp as part of a multi-brand family structure. The company's core product is Workers' Compensation insurance, supported by a multi-line Property & Casualty offering that includes Automobile, Inland Marine, Property, Umbrella, and General Liability coverage. Alaska National serves three primary customer segments defined by premium size: Small Business (premium $25k and below), Middle Market ($25k–$500k), and Large Accounts ($500k-plus), with vertical specialization in Healthcare, Agriculture, Hospitality, and Construction. Underwriting history in Workers' Comp is rooted in CopperPoint's 1925 origin as the State Compensation Fund, with industry-specific service dating to 1926 in healthcare and 1929 in hospitality.

Distribution is conducted exclusively through independent insurance agents and brokers, supported by dedicated agent/broker web portals, a Find an Agent locator tool, and CopperPoint-branded digital resources for quoting, policy administration, and commission tracking. The technology stack is a conventional insurance administration platform: web portals for policyholders and agents (with Okta-based SSO on the Alaska National portal), the CopperPay digital payment platform for premium billing, and supporting tools including a Loss Control Toolbox, Claims Kit, and Pharmacy First Fill. Risk management, loss control, claims handling, and fraud prevention services are bundled with the core insurance product.

The combined CopperPoint family reports $5.3 billion in total assets, $1.84 billion in policyholders' surplus, $719 million in gross written premium, and approximately 13,000 policyholders served by 780+ employees across its brands. Alaska National operates as a U.S.-domiciled regional carrier, with licensing and appetite concentrated in selected states surfaced through the CopperPoint Coverage by State tool. No standalone Alaska National revenue, headcount, or premium split is publicly disclosed, and the company's 2024 annual report (issued at the CopperPoint family level) emphasizes ongoing organic growth, technological advancements, and an expanded coverage footprint.

Name

Alaska National

Legal name

Alaska National Insurance Company

Website

https://alaskanational.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Alaska National Insurance Company provides Workers' Compensation and multi-line Property & Casualty coverage to small, middle-market, and large employers across the U.S., with specialization in Healthcare, Agriculture, Hospitality, and Construction. It operates as a subsidiary brand of CopperPoint Insurance Company, distributing exclusively through independent agents and brokers.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG)

akta.pro secondary industries

Workers’ Compensation for High-Hazard & Specialty Trades (FSAJAEAF), Employer’s Liability (FSAJADAE), Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

Keywords

• Workers compensation insurance
• Commercial property casualty
• Specialty insurance carrier
• Commercial risk management
• Small business insurance

Headquarters

HQ city

Anchorage

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Workers' Compensation Insurance Premiums: Core revenue stream from workers' compensation insurance policies sold through independent agents and brokers to employers of all sizes
2. Property & Casualty Insurance Premiums: Multi-line P&C products including Automobile, Inland Marine, Property, Umbrella, and General Liability coverage

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Alaska National Insurance Company underwrites and services Workers' Compensation insurance as its core product, bundled with Risk Management, Loss Control, Claims handling, and Fraud Prevention services. It supplements this with a multiline Property & Casualty offering covering Automobile, Inland Marine, Property, Umbrella, and General Liability, distributed exclusively through independent agents and brokers in selected U.S. states. The company serves Small Business (premiums $25k and below), Middle Market ($25k–$500k), and Large Accounts ($500k+) segments with specialization in Healthcare, Agriculture, Hospitality, and Construction industries.

Product overview

Alaska National Insurance Company, a subsidiary of CopperPoint, operates as a specialty insurance carrier offering Workers' Compensation as its core product alongside a multiline Property & Casualty product line (Automobile, Inland Marine, Property, Umbrella, General Liability). The company serves Small Business, Middle Market, and Large Accounts segments with tailored coverage solutions. Supporting services include CopperPay for payments, Risk Management, Loss Control, and Claims handling. Alaska National was acquired by CopperPoint in 2016 as part of an expansion strategy, joining PacificComp in the CopperPoint family.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance Workers' compensation coverage sold to employers of all sizes (Small Business, Middle Market, Large Accounts) through independent agents, bundled with risk management, loss control, claims handling, and fraud prevention services, with nearly 300 class codes available.
• Property & Casualty Insurance Multi-line commercial P&C coverage including Automobile, Inland Marine, Property, Umbrella, and General Liability, sold alongside Workers' Compensation to commercial accounts in selected U.S. states via independent agents and brokers.
• Automobile Insurance Commercial automobile coverage offered within the Property & Casualty product line for commercial accounts.
• Inland Marine Insurance Inland marine coverage for goods in transit offered as a sub-line within Property & Casualty for commercial accounts.
• Commercial Property Insurance Commercial property coverage offered as a sub-line within Property & Casualty for commercial accounts.
• Umbrella Insurance Excess/umbrella liability coverage offered as a sub-line within Property & Casualty for commercial accounts.
• General Liability Insurance Commercial general liability coverage offered as a sub-line within Property & Casualty for commercial accounts.
• Risk Management Services Advisory services that help employers identify, mitigate, and manage workplace risks to reduce insurance costs, bundled with Workers' Compensation and P&C policies.
• Loss Control Services Workplace safety services and resources, including the Loss Control Toolbox, that help policyholders prevent injuries and reduce claims frequency.
• Claims Services Claims handling services supported by a Claims Kit, Fraud Prevention program, and Pharmacy First Fill program for injured workers on Workers' Compensation policies.

Quantifiable outcome

• Serving over 7,000 customers in small business segment with $25k and below premium range
• +1 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

One partnership is on record.

• PacificCompcoreStrategic or Co-development Partner · 1 January 2016PacificComp was acquired in 2016 and added to the CopperPoint family alongside Alaska National. This acquisition expanded the organization's reach and created complementary strengths with niche specializations, expanding coverage footprint to more policyholders.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• EMC Insurance Companies: Workers' compensation and commercial P&C carrier focused on small-to-mid-sized employers via independent agents in targeted states. Directly comparable to Alaska National in core product mix, segment focus, geographic selectivity, and agency distribution model.
• PacificComp: Sister carrier under CopperPoint Insurance Company, also writing workers' compensation for small and mid-sized employers through independent agents. The most direct comparable to Alaska National in product, distribution, segment focus, and parent-level financial profile.
• Berkshire Hathaway GUARD Insurance Companies: Workers' compensation and commercial P&C specialist writing small and mid-sized business through independent agents. Closely comparable to Alaska National on core WC product, target segments (SMB/middle market), verticals (construction, hospitality, healthcare), and exclusive agent distribution.
• Accident Fund Holdings: Pure-play workers' compensation carrier serving small, middle-market, and large accounts through independent agents. Directly comparable product set and segment focus to Alaska National, with similar emphasis on agency distribution and specialty risk management services.
• Sentry Insurance: Mutual specialty insurer with deep workers' compensation and commercial P&C offerings for middle-market and larger accounts, distributed through independent agents. Comparable to Alaska National on WC-led product portfolio, mid-market specialization, and agent distribution.
• AmTrust Financial Services: Specialty commercial P&C carrier with a significant focus on workers' compensation for small and mid-sized employers, distributed through agents and brokers. Directly comparable to Alaska National on product mix (WC-led), SMB/middle-market positioning, and agent-driven distribution.

Broad incumbents

• Zurich North America: Large commercial P&C carrier offering workers' compensation to mid-sized and large accounts, including specialty construction and hospitality programs. Overlaps with Alaska National in verticals and middle-market segments, with broader global scale.
• The Hartford: Large national commercial lines carrier offering workers' compensation as part of a broad small-business and middle-market package including P&C. Competes head-to-head with Alaska National for SMB/middle-market WC but operates a much larger portfolio beyond WC.
• Travelers: Major national P&C carrier with a substantial workers' compensation franchise serving small, middle-market, and large accounts through independent agents. Overlaps with Alaska National in WC and commercial P&C for SMB/middle-market, but with national scale across many other lines.
• Liberty Mutual Insurance: Global P&C carrier with a sizable U.S. workers' compensation business serving small-to-mid-sized employers through independent agents. Comparable distribution and target segments to Alaska National, but at significantly greater scale and broader product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alaska-national-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alaska National