Island Insurance Company

What Island Insurance Company does

Island Insurance Company Limited is a privately-held, locally-owned property and casualty (P&C) insurance carrier headquartered in Honolulu, Hawaii. Founded in 1940, the company is the only locally-owned P&C insurer in the state of Hawaii and has operated continuously for more than 85 years. It serves two primary segments: Hawaii households (homeowners, renters, condo, auto, personal umbrella, plus separate flood, hurricane, and earthquake coverage) and Hawaii businesses (commercial property, workers' compensation, business income, inland marine, and commercial umbrella). The company supports its policyholders through dedicated Personal and Business Insurance Claims Centers and an Island Certified℠ Repair Shops network.

The company distributes products through a network of independent insurance agents located across Hawaii, supplemented by a direct digital channel consisting of an online account management and bill payment portal at account-management.islandinsurance.com. Its technology stack is described as standard insurance operations technology, with no proprietary AI, ML, or platform components disclosed. Marketing and customer engagement are conducted through a multi-channel approach that includes a Resource Hub with educational content, active social media profiles, a monthly email newsletter, community engagement via the employee-led Ho'ohana Club, and the Island Insurance Foundation (a wholly-owned nonprofit entity that handles charitable giving and educational equity programs including a multi-year school supply drive partnership with Better Tomorrows).

The business model is subscription/recurring premium-based revenue from P&C insurance policies, with pricing set on a quote basis and varying by risk factors, coverage needs, and Hawaii geography. Revenue figures are not publicly disclosed. The company is independently owned with no parent company or external investment evident, has 101-250 employees, and is led by President Scott Kuioka. It has been named among Ward Group's Top 50 U.S. P&C insurers for 18 consecutive years and on Hawaii Business Magazine's Best Places to Work for 20 consecutive years, and was the first of more than 160 insurers to accept terms in the $4 billion Maui wildfire settlement.

Name

Island Insurance Company

Legal name

Island Insurance Company Limited

Website

https://islandinsurance.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

101–250 employees

Short description

Island Insurance Company is a Hawaii-based, locally-owned property and casualty insurer founded in 1940. It serves Hawaii residents and businesses through personal lines (homeowners, auto, renters, condo, flood, hurricane, earthquake, umbrella) and commercial lines (property, workers' comp, umbrella, inland marine) distributed via independent agents and a direct digital portal.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)

SIC

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

akta.pro primary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

akta.pro secondary industries

Inland Marine / Personal Articles & Valuable Items Insurance (FSAJACAJ), Renters Insurance (FSAJACAB)

Keywords

• Property casualty insurance
• Personal auto insurance
• Homeowners insurance
• Commercial business insurance
• Flood hurricane insurance

Headquarters

HQ city

Honolulu

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property and Casualty Insurance Premiums: Island Insurance generates revenue through property and casualty insurance policies including homeowners, auto, renters, condo, and business insurance. Premiums are recurring based on annual or monthly policy payments.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Island Insurance Company is a property and casualty insurer that underwrites and services personal lines (homeowners, renters, auto, condo, personal umbrella, flood, hurricane, and earthquake) and commercial lines (commercial property, workers' compensation, business income, inland marine, commercial umbrella) for Hawaii residents and businesses. Policies are sold through independent insurance agents and serviced via online account management, a claims center, and a network of Island Certified Repair Shops.

Product overview

Island Insurance Company is a locally-owned property and casualty (P&C) insurance provider serving Hawaii since 1940. The company offers a comprehensive portfolio of insurance products organized into Personal Insurance (homeowners, renters, auto, condo, umbrella, flood, hurricane, and earthquake coverage) and Business Insurance (commercial property, commercial umbrella, workers' compensation, business income, and inland marine coverage). The company also operates claims service centers and a certified repair shop network. As the only locally-owned P&C insurer in Hawaii, the company focuses on serving Hawaii families and businesses with personalized solutions and superior service.

Differentiator

Problem solved

Functional benefit

Brands

• Island Insurance Foundation: The charitable arm of Island Insurance that supports community giving, educational equity programs, and employee volunteer initiatives including school supply drives for underserved communities in Hawaii.

Products and services

• Homeowners Insurance
• Renters Insurance
• Personal Auto Insurance
• Condo Insurance (HO-6)
• Flood Insurance
• Hurricane Insurance
• Earthquake Insurance
• Personal Umbrella Insurance
• Commercial Property Insurance
• Workers' Compensation
• Business Income Coverage
• Inland Marine Insurance
• Commercial Umbrella Insurance

Quantifiable outcome

• 18 consecutive years named among Ward Group's Top 50 property and casualty insurers
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Better TomorrowscoreStrategic or Co-development Partner · 1 July 2025Island Insurance Foundation partners with Better Tomorrows for the annual school supply drive at the Towers at Kuhio Park housing community. For the eighth consecutive year in July 2025, over 375 keiki received personalized bags of school supplies. The event was organized and staffed by volunteers from Island Insurance's employee-led Ho'ohana Club.
• Towers at Kuhio Park Housing CommunityminorOthersOngoing community partnership where Island Insurance Foundation and Better Tomorrows distribute school supplies to children living at this income-restricted low-income housing community.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Farmers Insurance: National P&C insurer with multi-line personal and commercial offerings in Hawaii. Competes with Island Insurance on homeowners, auto, and small commercial lines through captive agents.
• State Farm: Largest U.S. personal lines insurer with significant Hawaii auto and homeowners market share via captive agents. Competes directly with Island Insurance across personal lines but at vastly greater scale.
• Allstate: National P&C carrier with established Hawaii presence in auto and homeowners. Competes with Island Insurance on personal lines while offering broader national scale and direct-to-consumer digital capabilities.
• Liberty Mutual: Major national P&C insurer with strong commercial lines presence. Competes with Island Insurance in Hawaii commercial property, workers' comp, and commercial umbrella segments.
• GEICO: Direct-to-consumer auto insurance leader with strong Hawaii auto market share. Direct competitor to Island Insurance's personal auto line, differentiated by digital-first GTM and aggressive pricing.
• Progressive: National auto insurance carrier competing directly with Island Insurance's personal auto line via direct digital channels. Pressure point on price-sensitive and digitally-native Hawaii drivers.
• Travelers: Top-tier U.S. commercial P&C carrier with presence in Hawaii business insurance. Direct competitor on commercial property, workers' comp, and inland marine lines with substantially larger capital base.
• Nationwide: Diversified national P&C and financial services carrier with Hawaii personal and commercial offerings. Competes across multiple of Island Insurance's core product lines.

Direct peers

• First Insurance Company of Hawaii: Hawaii-headquartered property and casualty insurer offering personal and commercial lines across the state. Most directly comparable to Island Insurance in terms of geography, product mix, and target customer base.

Regional players

• USAA: Insurer serving military members and families with strong Hawaii presence due to large military installation footprint (Pearl Harbor, Schofield, Joint Base). Competes with Island Insurance on auto and homeowners among Hawaii's large military-affiliated population.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/c/IslandInsuranceCoLtdHonolulu
• Facebookfacebook.com/islandinsurance
• LinkedInlinkedin.com/company/island-insurance-company
• Instagraminstagram.com/islandinsurancehi

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

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 Island Insurance Company