HEMIC

What HEMIC does

HEMIC (Hawai'i Employers' Mutual Insurance Company, Inc.) is a private mutual insurance company founded in 1997 and headquartered in Honolulu, Hawai'i. It is the largest provider of workers' compensation insurance in the state, serving approximately 7,000 businesses and 75,000+ workers across the Hawaiian Islands under an exclusive local operating model (100% in-state staff and claims adjusters). As a policyholder-owned mutual, HEMIC maintains an AM Best 'A' (Excellent) Financial Strength Rating held every year since 2007, has returned more than $58 million in dividends across 19 consecutive years, and declared a record $5 million policyholder dividend in both 2024 and 2025.

The company operates through three integrated entities: HEMIC delivers the core workers' compensation product; EPIC (Employers' Protective Insurance Company), a wholly-owned subsidiary launched in 2016, provides state-mandated Temporary Disability Insurance for off-the-job injuries; and HIMI (HEMIC Insurance Managers, Inc.) functions as a Managing General Agency distributing specialty commercial lines — Property, General Liability, Cyber, Hurricane, Maritime, Professional/Management Liability, Pollution, Equipment Breakdown, Aviation, and voluntary life/disability — through more than a dozen carrier partnerships including Colonial Life, LIG Marine, ICAT, HSB, Berkley, and BTIS. Additional fee-based revenue comes from third-party administration (TPA) claims services for self-insured entities and captives, plus safety and risk-management consulting and Cyber Risk Assessments.

Technology and distribution are anchored by the Ka Piko policyholder portal, SafetySuite resources portal, 'AePay pay-as-you-go premium product integrated with ADP and QuickBooks payroll, EPIC's 24/7 online claim filing, and Invoice Cloud bill-pay. In February 2025, HEMIC partnered with EvolutionIQ to deploy AI-powered Claims Guidance and Medhub Active Medical Summarization integrated with Guidewire ClaimCenter. Distribution runs through an appointed independent agent network (Find An Agent on hemic.com) plus direct online self-service channels. Revenue is generated through recurring workers' comp and TDI premiums, MGA commissions on specialty placements, and fee-based TPA and risk-management services, with pricing determined per quote based on payroll exposure, classification codes, experience modification factors, and safety-credit eligibility rather than published rate cards.

Name

HEMIC

Legal name

Hawai'i Employers' Mutual Insurance Company, Inc.

Website

https://hemic.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

HEMIC is Hawai'i's largest workers' compensation insurance provider, a private mutual serving approximately 7,000 businesses and 75,000+ workers through wholly-owned subsidiaries EPIC (TDI) and HIMI (specialty MGA). It underwrites workers' comp, TDI, and distributes commercial specialty lines through local agents.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs) (FSAJAEAH)

akta.pro secondary industries

Workplace Injury & Medical-Only Coverage (FSAJAEAA), Indemnity (Lost-Time) Workers’ Compensation (FSAJAEAB), Employers Liability (Part B) (FSAJAEAC), Workers’ Compensation for High-Hazard & Specialty Trades (FSAJAEAF), Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK), Worksite Critical Illness Insurance (FSAIAMAC), Occupational Accident Insurance (1099/Contractor Coverage) (FSAIALAF)

Keywords

• Workers compensation insurance
• Temporary disability insurance
• Commercial specialty insurance
• Mutual insurance company
• Claims management services

Headquarters

HQ city

Honolulu

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. Workers' Compensation Insurance Premiums: Core workers' compensation insurance product providing coverage for on-the-job injuries and illnesses. Revenue generated through policy premiums based on payroll and risk classification.
2. Temporary Disability Insurance (TDI) Premiums: State-mandated TDI coverage through EPIC subsidiary for off-the-job injuries and illness. Revenue from policy premiums for wage replacement benefits.
3. Specialty Insurance Products (via HIMI): Managing General Agency offering Property, General Liability, Cyber, Hurricane, Maritime, Professional Liability, Management Liability, and other commercial lines through carrier partnerships.
4. Third-Party Administration (TPA) Services: Fee-based claims handling and administration services for self-insured entities, captives, and employers through HIMI.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

HEMIC fundamentally sells workers' compensation insurance to Hawai'i businesses, providing coverage for on-the-job injuries and illnesses. Through its EPIC subsidiary, it also offers state-mandated Temporary Disability Insurance (TDI) for off-the-job injuries. Through its HIMI subsidiary operating as a Managing General Agency, HEMIC distributes specialty commercial lines (property, general liability, cyber, hurricane, maritime, professional liability, equipment breakdown, life/disability) and provides third-party administration (TPA) and safety/risk management consulting services.

Product overview

HEMIC (Hawai'i Employers' Mutual Insurance Company) operates as a family of companies offering a comprehensive insurance portfolio centered on workers' compensation. The core HEMIC Workers' Compensation product serves as the primary offering, while EPIC (Employers' Protective Insurance Company) provides Temporary Disability Insurance as a complementary subsidiary. HIMI (HEMIC Insurance Managers, Inc.) functions as a Managing General Agency offering specialty commercial lines including Property, General Liability, Cyber Liability, Hurricane, Maritime, Management Liability, Professional Liability, Accident, Pollution Liability, Equipment Breakdown, and Life/Disability insurance through carrier partners. Additional services include Third-Party Administration (TPA) for self-insured entities, Safety & Risk Management Consulting, and Cyber Risk Assessments. Digital tools include 'AePay (pay-as-you-go premium payments), Ka Piko Portal, SafetySuite, EPIConnect, and EPIC Online Bill Pay. The February 2025 partnership with EvolutionIQ brings AI-powered claims guidance including Next Best Action recommendations and medical summarization.

Differentiator

Problem solved

Functional benefit

Brands

• Ka Piko Portal: Online policyholder portal for accessing policy details, filing claims, and managing accounts
• 'AePay
• SafetySuite

Products and services

• HEMIC Workers' Compensation Insurance Workers' compensation insurance providing coverage for on-the-job injuries and illnesses for Hawai'i businesses. HEMIC is Hawai'i's leading workers' compensation provider caring for nearly 7,000 businesses and 75,000 workers.
• Temporary Disability Insurance (TDI) State-mandated wage replacement program providing benefits to partially replace lost wages due to off-the-job sickness or injury. Covers up to 58% of average weekly wages up to state-set maximums.
• Business Owner's Policy (BOP) Combined coverage policy for small to mid-size businesses including property, general liability, and business income insurance in one convenient policy.
• Commercial Package Policy Customizable package policy combining multiple coverage lines including property, general liability, inland marine, crime, professional liability, and more.
• General Liability Insurance Coverage for claims made against a business for bodily injury, property damage, personal injury, and advertising injury.
• Property Insurance Coverage for buildings, equipment, inventory and physical assets against damage or loss, including hurricane coverage enhancements.
• Cyber Liability Insurance Coverage for expenses associated with data breaches, cyber attacks, and malicious software including legal advice, notification costs, investigation fees, and credit monitoring.
• Hurricane Insurance Coverage for damage caused by hurricanes as defined by the Central Pacific Hurricane Center, available as property policy enhancement or standalone policy.
• Maritime Insurance Specialized coverage including Maritime Employers' Liability (MEL), USL&H, Marine Packages, Hull & Machinery, and Protection & Indemnity for marine-based businesses.
• Management Liability Insurance Protection for company and management including Directors & Officers (D&O), Employment Practices Liability (EPLI), and Fiduciary Liability coverage.
• Professional Liability Insurance Coverage against claims of negligence, errors and omissions, malpractice, or misrepresentation for professional service providers.
• Accident Insurance Coverage for injuries and fatalities from covered accidents not typically covered by Workers' Compensation, TDI, or health insurance. Includes Participant Accident and Travel Accident coverage.
• Pollution Liability Insurance Coverage for pollution-related claims and environmental clean-up costs including Contractors Pollution, Products Pollution, Premises Liability, and TankSafe coverage.
• Equipment Breakdown Insurance Coverage for repair or replacement of equipment plus resulting losses from breakdowns affecting appliances, machinery, electrical systems, HVAC, computers, and phones.
• Term Life Insurance Financial protection for employees and families providing up to $100,000 in coverage with portability and no medical exams for guaranteed issue.
• Accidental Death & Dismemberment Insurance (AD&D) Added financial support following accidental death, serious injury, or dismemberment including portability, seat belt benefit, and education benefit.
• Short-Term Disability Insurance (STD) Voluntary supplemental coverage providing 60-66.67% income replacement when employees are temporarily unable to work due to covered illness or injury.
• Long-Term Disability Insurance (LTD) Extended income protection providing 60% income replacement when serious conditions prevent return to work for extended periods.
• Third-Party Administration (TPA) Services Multiline claims administration services for self-insured entities, captives, and employers including Workers' Compensation, TDI, Property, General Liability, and Auto claims handling.
• Safety & Risk Management Consulting Fee-based consulting services including workplace safety programs, return-to-work programs, on-site inspections, OSHA compliance assistance, and safety training.
• Cyber Risk Assessments Free assessments for HEMIC policyholders evaluating digital workplace strengths and weaknesses including risk identification and incident management approach.

Quantifiable outcome

• Over 80% of policyholders receive annual dividends averaging 8-9% of premium
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability3 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core.

• Colonial LifecoreChannel Partner/ Reseller/ DistributorColonial Life is HIMI's newest carrier partner for voluntary life and health benefits, offering Short-Term Disability, Long-Term Disability, Group Term Life, and AD&D insurance. With over 86 years of industry leadership, Colonial Life is the #1 disability provider in the U.S., partnering with over 100,000 businesses and protecting over 36 million employees.
• LIG Marine ManagerscoreChannel Partner/ Reseller/ DistributorLIG Marine Managers is the leading independent MGA for Commercial Marine and Longshore Insurance in the US, helping clients identify maritime exposures and close coverage gaps including Maritime Employers' Liability, USL&H, and Marine Packages.
• ICAT (International catastrophe)coreChannel Partner/ Reseller/ DistributorICAT provides catastrophe insurance coverage for hurricanes and property to business owners throughout the US. Founded in 1998, ICAT is an industry leader committed to 'fast and fair claims,' protecting more than 100,000 homes and businesses from catastrophe risks.
• HSB (Munich Re)coreChannel Partner/ Reseller/ DistributorHSB provides equipment breakdown insurance and specialty coverages including data and cyber risk, employment practices liability, and identity theft insurance. With over 150 years of industry leadership, HSB helps clients stay ahead of emerging risks.
• WestchestercoreChannel Partner/ Reseller/ DistributorWestchester handles complex, difficult-to-place risks in property, casualty, financial lines, product recall, inland marine, and environmental insurance. Their specialty liability products serve a variety of industries.
• EvolutionIQcoreTechnology or IntegrationEvolutionIQ is the market-leading Claims Guidance platform that provides AI-driven insights, alerts, and recommendations for claims professionals. HEMIC deployed EvolutionIQ's Claims Guidance and Medhub Active Medical Summarization to enhance claims operations and improve outcomes for injured workers.
• BTIScoreChannel Partner/ Reseller/ DistributorBTIS provides streamlined Business Owners Policies with comprehensive coverage designed for small businesses. Their platform enables expedited quoting and binding for agents serving Hawai'i small business clients through HIMI.
• Hawaii Hurricane Relief Fund (HHRF)coreStrategic or Co-development PartnerHIMI acts as a servicing facility for the Hawaii Hurricane Relief Fund (HHRF), addressing hurricane insurance coverage needs for apartment and condominium owner associations (AOAOs) in Hawai'i.
• Berkley Accident and HealthcoreChannel Partner/ Reseller/ DistributorBerkley Accident and Health is a risk management leader providing Accident, Stop Loss, Managed Care, and Group Captive programs for organizations from small non-profits to Fortune 500 companies.
• Berkley SelectcoreChannel Partner/ Reseller/ DistributorBerkley Select is a leading provider of professional and executive liability insurance products across disciplines and industries for clients of various sizes.
• Berkley Human ServicescoreChannel Partner/ Reseller/ DistributorBerkley Human Services has exclusively insured the human services niche for over 35 years, providing superior insurance coverage, claim handling, and risk control solutions.
• Victor InsurancecoreChannel Partner/ Reseller/ DistributorVictor Insurance is a leading global MGU delivering admitted and specialty insurance products including Business Owner's Policies from trusted carriers such as Homesite, Coterie, and HISCOX.
• Hallmark Commercial Insurance SolutionscoreChannel Partner/ Reseller/ DistributorHallmark CIS specializes in small and medium-sized businesses with specialty BOPs, coverage enhancements, and competitive pricing with broad appetite for various business types.
• Pharmacists MutualcoreChannel Partner/ Reseller/ DistributorPharmacists Mutual provides specialty insurance for Pharmacy, Dentistry, Veterinary, Home Health Care, Home Medical Equipment, and Personal Care Providers. Rated A 'Excellent' by AM Best.
• Aerospace Insurance ManagerscoreChannel Partner/ Reseller/ DistributorAerospace Insurance Managers provides coverage for private and commercial general aviation aircraft, airports, FBOs, and aviation businesses with consistent underwriting and reliable claims service.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Employers Holdings (EIG): Publicly traded specialty workers' compensation insurer focused on small businesses. Comparable to HEMIC in target customer (small commercial employers), single-line focus, and underwriting discipline, with publicly observable financial benchmarks for the niche.
• ICW Group (Insurance Company of the West): Mutual insurance company specializing in workers' compensation for small to mid-sized businesses across the western United States. Closest direct peer to HEMIC given the mutual workers' comp focus, policyholder-owned structure, and regional/industry specialization.
• Texas Mutual Insurance Company: Texas's largest workers' compensation writer, operating as a mutual-like state-funded carrier. Direct structural peer: state-mandated WC focus, policyholder-centric model, comparable employer base, and similar claims/safety service orientation.
• Accident Fund Holdings: Workers' compensation specialist insurer (part of AF Group/Lithia Companies). Direct comparable in WC underwriting focus, employer customer base, and emphasis on claims/loss control services.
• Sentry Insurance: Midwestern mutual insurance group with a strong workers' compensation franchise for mid-sized businesses. Comparable mutual structure, WC focus, and business owner customer base, though with broader geographic and product scope.
• Zenith Insurance Company: Specialty workers' compensation insurer (subsidiary of Fairfax Financial) focused on high-hazard and specialty risks. Comparable to HEMIC's WC underwriting focus and to HEMIC's coverage of construction/maritime risks via HIMI.
• Pinnacol Assurance: Colorado's leading workers' compensation mutual insurer, serving small and mid-sized employers. Closely comparable to HEMIC as a state-focused mutual WC carrier with policyholder dividend/distribution programs and similar employer customer profile.
• WCF Insurance (Workers Compensation Fund): Utah-based mutual workers' compensation insurer serving employers in the western U.S. Comparable to HEMIC in mutual ownership, single-line WC focus, regional employer base, and emphasis on safety services and dividends.
• State Compensation Insurance Fund (State Fund of California): California's state-established workers' compensation carrier, the largest writer of WC in the state. Highly comparable to HEMIC in mission (state-focused WC insurer), policyholder/customer base, and product scope.

Broad incumbents

• Berkshire Hathaway Homestate Companies: National workers' compensation and commercial P&C carrier group owned by Berkshire Hathaway. A larger incumbent operating in Hawai'i and across the U.S., offering overlapping WC capabilities as part of a wider portfolio and a benchmark for capital strength.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hawaiiemployersmutualinsuranceco
• LinkedInlinkedin.com/company/hemic

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 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 HEMIC