EIIA

What EIIA does

EIIA (Educational & Institutional Insurance Administrators, Inc.) is a member-governed, not-for-profit insurance consortium founded circa 1970 when six United Methodist-affiliated colleges were denied affordable coverage. Headquartered at 200 South Wacker Drive, Suite 1325, Chicago, Illinois, EIIA serves more than 125 private, faith-inspired colleges, universities, and seminaries in the United States, collectively representing insured property values exceeding $34 billion. Membership is by invitation and intentionally selective to maintain a strong risk profile and mission alignment across the consortium. Five of the six original founding institutions remain members, and 48 percent of current membership has been with EIIA for more than 25 years.

The company delivers three core insurance lines — Property & Casualty, Student Insurance, and Employee Benefits — supported by integrated Risk Management Services, the proprietary Keystone® Valuation System (a registered-trademark property valuation tool developed with The W.O.R.C.S. that projects replacement values with 95% accuracy at roughly $1,200 per building), and the EIIA Risk Management Foundation, which issues grants to member institutions for safety improvements. Two member-owned captive insurance companies sit underneath the consortium structure, providing better access to commercial coverage and cost control. Key strategic partners include The Standard (Life & LTD), Ameritas (Dental/Vision), CBiz (Employee Benefits platform), and The W.O.R.C.S. (Keystone development). Distribution is direct and relationship-led, with dedicated Risk Management Directors assigned to member institutions; the organization sponsors NAICU and maintains a presence at the ABACC conference to attract new members beyond its Methodist heritage.

Revenue is generated through insurance premiums, member dues, and administrative fees on an annual subscription cadence. EIIA negotiates P&C coverage in the commercial marketplace with the leverage of its aggregated $34 billion property portfolio, while Student and Employee Benefits programs are administered through technology and insurance partners. The 2022-2023 period brought a new CEO (Dave Dietz, formerly SVP at GuideOne), a renewed 2-year rate guarantee with The Standard, and a Hall of Fame induction for its VP of P&C — collectively signaling operational continuity and governance stabilization rather than a strategic pivot.

Name

EIIA

Legal name

Educational & Institutional Insurance Administrators, Inc.

Website

https://eiia.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Short description

EIIA is a member-governed, not-for-profit insurance consortium serving 125+ private, faith-inspired U.S. colleges and universities. It administers Property & Casualty, Student, and Employee Benefits insurance through collective purchasing power, member-owned captives, and integrated risk management services.

Ownership category

akta.pro rank

Product category

Insurance Consortium Administration (Higher Education)

NAICS

Insurance Carriers and Related Activities (524), Other Insurance Funds (525190), Health and Welfare Funds (525120)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Compliance, Risk & Audit Support Services (EHS, Title IX/Clery Support, Policy Admin) (EDAEALAK)

akta.pro secondary industries

Student Health Insurance & Benefits Administration (EDALAFAL), Legal, Risk Management & Institutional Compliance (EDADAKAK), Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)

Keywords

• Higher education insurance
• Property casualty insurance
• Student health insurance
• Risk management services
• Insurance consortium

Headquarters

HQ city

Chicago

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, Others

Revenue model

1. Insurance Premium Administration: EIIA operates as a not-for-profit consortium that administers insurance programs for member institutions. Revenue is generated through insurance premiums and administrative fees from Property & Casualty coverage, Student Insurance Programs, and Employee Benefits.
2. Member Dues and Fees: As a member-governed consortium, EIIA collects dues and fees from member institutions for access to insurance programs, risk management services, and proprietary tools like the Keystone Valuation System.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

EIIA administers Property & Casualty, Student Insurance, and Employee Benefits programs on behalf of its member institutions through collective purchasing power. It also provides dedicated Risk Management Services and the proprietary Keystone® Valuation System to private, faith-inspired colleges, universities, and seminaries in the United States.

Product overview

EIIA is a member-governed, not-for-profit insurance consortium serving private, faith-inspired colleges, universities, and seminaries. The company's product portfolio centers on two primary lines of business: Property & Casualty insurance (which includes the proprietary Keystone® Valuation System and built-in Risk Management Services with dedicated directors) and Student Insurance programs (offering medical, dental, and vision coverage). These core offerings are supplemented by the EIIA Risk Management Foundation, which provides grants to member institutions for safety improvements. The consortium model enables EIIA to pool risk across 125+ member institutions with insured property values exceeding $34 billion, while maintaining direct accountability through member governance. EIIA represents over 50 years of service to higher education, having originated when six United Methodist-affiliated colleges were denied affordable insurance.

Differentiator

Problem solved

Functional benefit

Brands

• Keystone® Valuation System: A proprietary valuation and planning resource designed specifically for Members, developed by EIIA and The W.O.R.C.S. to help institutions value their assets at a fraction of the cost of traditional appraisers.

Products and services

• Property & Casualty Insurance Program Comprehensive master Property & Casualty insurance program for private higher education institutions, offering coverage negotiated at scale in the commercial marketplace. Includes two member-owned captive insurance companies that provide better access to coverage and control over costs.
• Student Insurance Program Student medical insurance plans designed specifically for higher education, featuring responsive plan designs and a user-friendly online enrollment and waiver system for student populations at member institutions.
• Employee Benefits Program Employee benefits program administered through CBiz, offering Life and LTD coverage through partnership with The Standard. The partnership has delivered 8 consecutive years of no rate increases with a 2-year rate guarantee beginning March 2023.
• Keystone® Valuation System Proprietary property valuation and planning resource designed specifically for member institutions, developed with The W.O.R.C.S. Projects replacement values with 95% accuracy and is approved by major insurance underwriters, enabling institutions to value assets at a fraction of typical appraiser costs (around $1,200 per building).
• Risk Management Services Hands-on risk management support including a dedicated Risk Management Director partnership, risk assessments, loss prevention guidance, training, and ongoing consultation to reduce claims frequency and severity for member institutions.
• Campus Conduct Hotline® Anonymous reporting hotline service for campus conduct issues, providing member institutions with a confidential channel for incident reporting and risk mitigation as part of EIIA's risk management services.
• EIIA Risk Management Foundation Foundation providing grants to member institutions for safety and risk management improvements, including AED purchases, security enhancements, emergency preparedness, and campus accessibility projects.
• Dental and Vision Insurance Dental and vision insurance coverage provided through Ameritas, designed primarily for students and also available to spouses, partners, dependents, faculty, staff, and community members at member institutions.
• Travel Insurance (Prior to 8/1/2024) International travel insurance program previously available to member institutions prior to August 1, 2024. Medical reimbursement and trip cancellation claim forms remain accessible for prior claims.

Quantifiable outcome

• 8 consecutive years with no rate increases on Life & LTD Program through partnership with The Standard
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• The StandardcoreStrategic or Co-development Partner · 1 March 2022EIIA partnered with The Standard for Life & LTD Program. The partnership has delivered 8 consecutive years of no rate increases with a 2-year rate guarantee beginning March 2023. The Standard provides insurance products that EIIA administers to member institutions.
• AmeritascoreTechnology or IntegrationAmeritas provides dental and vision insurance coverage through EIIA's Student Insurance Program. Coverage is designed for students with options also available for spouses, partners, dependents, faculty, staff, and community members.
• The W.O.R.C.S.coreStrategic or Co-development PartnerEIIA and The W.O.R.C.S. worked alongside college administrators to develop the proprietary Keystone® Valuation Systems tool for property valuation.
• NAICUminorGTM or Marketing PartnerEIIA is a proud sponsor of the National Association of Independent Colleges and Universities (NAICU), supporting private higher education.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Academic HealthPlans: Academic HealthPlans specializes in student health insurance for colleges and universities, providing tailored plans and enrollment platforms. It directly competes with EIIA's Student Insurance Program in the higher ed market.
• United Educators Insurance: United Educators is a member-owned insurance company dedicated exclusively to education, providing liability and property coverage to higher education institutions and K-12 schools. It is the closest direct peer to EIIA in mission and member-owned structure.
• Wellfleet Insurance / Wellfleet Student: Wellfleet is a leading carrier and administrator of student health insurance for colleges and universities. It directly competes with EIIA's Student Insurance Program and Ameritas partnership.

Others

• CBiz (employee benefits platform): CBiz is already a technology/integration partner of EIIA hosting the Employee Benefits portal; it also serves as a benefits broker/administrator to many higher education institutions and is a comparable ecosystem participant in the same market.

Broad incumbents

• Aon: Aon is a global professional services firm offering insurance brokerage and risk management, including a higher education practice. It competes with EIIA for the risk management and insurance procurement budgets of private institutions.
• Arthur J. Gallagher & Co. Gallagher is one of the largest insurance brokerage and risk management firms with a dedicated higher education practice that brokers P&C, student health, and employee benefits for colleges. It competes for the same institutional customers as EIIA through distribution rather than underwriting.
• Marsh McLennan: Marsh is a global insurance broker and risk advisor with substantial higher education clientele providing property, casualty, and student health solutions. It is a broad incumbent that competes with EIIA in serving large private college systems.
• Liberty Mutual Insurance: Liberty Mutual is a major US property and casualty carrier with established higher education and religious institution underwriting. It is one of the commercial carriers EIIA negotiates against and could substitute for in the P&C marketplace.

Emerging players

• Tokio Marine HCC: Tokio Marine HCC underwrites specialty lines including educational institution liability and student-related coverage. It is a meaningful emerging/specialty competitor in segments overlapping with EIIA's P&C and student insurance lines.
• Markel Group: Markel provides specialty insurance including programs for educational and faith-based organizations. It competes for specialty P&C and liability business that overlaps with EIIA's core product set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/eiiainc
• LinkedInlinkedin.com/company/eiia

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

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 EIIA