IPEP

What IPEP does

IPEP (Indiana Public Employers' Plan, Inc.) is an Indiana not-for-profit corporation organized in December 1989 that operates a self-funded, intergovernmental risk-pooling mechanism providing workers' compensation coverage to political subdivisions and governmental entities of the State of Indiana. Membership is statutorily restricted under Indiana law (IC 34-6-2-49, IC 34-6-2-110, IC 34-13-3-22) to cities, towns, counties, school corporations, townships, airports, fire departments, and other special taxing units, with services satisfying obligations under the Indiana Workers' Compensation Act, the Workers' Occupational Diseases Act, and the Employers' Liability Act. The program has grown from 33 founding members in 1990 to over 600 active member entities, collectively covering in excess of $1 billion in public worker wages.

The product portfolio extends beyond core workers' compensation to include risk management services (safety training, departmental inspections, online training via BLR's Safety Solutions), claims administration, IPEP/Anthem Health Insurance (fully insured medical, dental, vision, and life coverage through Anthem Blue Cross and Blue Shield), Accidental Death & Dismemberment coverage, Public Entity Property & Casualty package programs through PRU/VFIS, and a Public Safety program featuring ProTeam Tactical Performance's DARI Motion System for tactical first responders. Excess coverage protection is provided by EMC Insurance Companies (A-rated by AM Best). Administrative functions including underwriting, rating, claims administration, and reinsurance brokerage are handled by Public Risk Underwriters (PRU), which has served as Plan Administrator since inception and was acquired by Brown & Brown, Inc. (NYSE: BRO) in 2005.

IPEP's revenue model rests on annual member contributions (premium-equivalent payments) calculated using National Council on Compensation Insurance (NCCI) filed rates as modified by IPEP's experience, with each member's loss history generating experience-based credits or debits. No capitalization fee is charged to join. Distribution is executed through a network of approximately 250 local independent insurance agents who route prospective members to PRU's Sales Department for underwriting and quoting. The organization operates exclusively within Indiana and has no disclosed funding rounds, ownership investors, or revenue figures; its economics flow entirely through member contributions covering claims and operating expenses on a pooled, nonprofit basis.

Name

IPEP

Legal name

Indiana Public Employers' Plan, Inc.

Website

https://ipep.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Indiana nonprofit, self-funded workers' compensation risk pool serving 600+ public employers (cities, counties, schools, townships) under Indiana law, administering coverage, claims, risk management, and Anthem health benefits through PRU and 250 independent insurance agents.

Ownership category

akta.pro rank

Product category

Public Entity Workers' Compensation Insurance

NAICS

Other Insurance Funds (525190), Insurance and Employee Benefit Funds (5251)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Self-Insured Workers’ Compensation Programs (FSAJAEAD)

Keywords

• Workers compensation insurance
• Public entity risk pooling
• Intergovernmental insurance pool
• Risk management services
• Claims administration

Headquarters

HQ city

Kokomo

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. Member Contributions (Premiums): Participating public employers pay contributions (similar to premiums in traditional insurance) to a joint fund from which claims and operational expenses are paid. The pool and its members share risk together. Contributions are due by the coverage effective date.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

IPEP is a nonprofit, self-funded workers' compensation risk-sharing program for Indiana political subdivisions and governmental entities. Members pay annual contributions into a joint fund from which claims and operating expenses are paid, satisfying obligations under Indiana's Workers' Compensation Act, Workers' Occupational Diseases Act, and Employers' Liability Act. The program is administered by Public Risk Underwriters and complemented by risk management services, claims administration, employee health insurance through Anthem, and Accidental Death & Dismemberment coverage.

Product overview

IPEP (Indiana Public Employers' Plan) is a nonprofit, self-funded workers' compensation program for Indiana public employers, serving as the largest provider of public entity workers' compensation in Indiana with over 600 members covering over $1 billion in public worker wages. The organization's core product portfolio centers on workers' compensation coverage administered through Public Risk Underwriters, complemented by integrated risk management services, claims administration, and employee benefits including IPEP/Anthem Health Insurance and Accidental Death & Dismemberment coverage. Additional offerings include Public Entity Property & Casualty Package Programs, Public Safety Programs featuring ProTeam Tactical Performance partnerships, and IPEP Safety Solutions Online through BLR for training compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Program A nonprofit, self-funded workers' compensation program for Indiana public employers (cities, towns, counties, school corporations, townships, and special taxing entities), satisfying obligations under Indiana's Workers' Compensation Act, Workers' Occupational Diseases Act, and Employers' Liability Act. Members pay annual contributions into a joint fund from which claims and operating expenses are paid.
• Risk Management Services

Quantifiable outcome

• Largest provider of public entity workers compensation in Indiana with 600+ members
• +3 more outcomes

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and preferred.

• Public Risk Underwriters (PRU)coreStrategic or Co-development Partner · 1 January 1970Public Risk Underwriters has been IPEP's Plan Administrator since nearly 1990. PRU joined Brown & Brown, Inc. in 2005 and provides underwriting, rating, claims administration, risk management, comprehensive reporting, and reinsurance brokerage services for IPEP.
• EMC Insurance CompaniescoreTechnology or IntegrationEMC Insurance Companies provides specific and aggregate excess coverage for the IPEP Plan. EMC is rated 'A' by AM Best and is admitted in the State of Indiana, protecting IPEP and its members from extraordinary/catastrophic losses.
• Anthem Blue Cross and Blue ShieldcoreTechnology or IntegrationAnthem provides health insurance through IPEP/Anthem Health Insurance, offering fully insured health insurance, integrated dental, vision, and life coverages for public entity employees.
• ProTeam Tactical PerformancepreferredStrategic or Co-development PartnerProTeam is an exclusive IPEP partner providing wellness, fitness, and injury recovery programs for tactical professionals including firefighters, police officers, and paramedics. Services include DARI Motion System technology for assessment and injury prevention.
• BLR (Business and Legal Resources)preferredTechnology or IntegrationIPEP partners with BLR to provide IPEP Safety Solutions Online, offering safety compliance information, training videos on demand, online safety training, and water/wastewater recertification credit training at no additional fee to members.
• VFIS (Volunteer Firemen's Insurance Services, Inc.)preferredTechnology or IntegrationVFIS offers insurance protection and specialized services for emergency service organizations through Public Risk Underwriters, including property, portable equipment, automobile, general liability, management liability, accident & sickness, and training programs.
• Brown & Brown, Inc.coreStrategic or Co-development PartnerBrown & Brown, Inc. acquired Public Risk Underwriters in 2005. It is the fifth largest independent insurance intermediary in the US (NYSE: BRO), ranking among the top five providers of insurance administration and support services in Indiana.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Emerging players

• VFIS (Volunteer Firemen's Insurance Services): Specialty insurer focused on emergency-service organizations (fire, EMS, rescue). IPEP already partners with VFIS through Public Risk Underwriters; VFIS overlaps with IPEP's public-safety and emergency-services member segments.

Direct peers

• Michigan Municipal Risk Management Authority (MMRMA): Michigan-based intergovernmental risk pool providing workers' compensation, liability, and property coverage to municipal members. Closely mirrors IPEP's structure of pooling risk across political subdivisions within a single state.
• Texas Municipal League Intergovernmental Risk Pool (TML IRP): Intergovernmental risk pool providing workers' compensation, liability, and property coverage to Texas municipal public entities. Directly comparable to IPEP as a member-owned pool serving only in-state political subdivisions, with the same self-funded pooling model.
• Washington Cities Insurance Authority (WCIA): Member-owned risk pool providing liability, property, and workers' compensation coverage to Washington public entities. Operates on the same intergovernmental pooling principle as IPEP and serves a comparable municipal/public-entity customer base.
• Cities & Villages Mutual Insurance Company (CVMIC): Michigan-domiciled mutual insurer providing workers' compensation, liability, and property coverage to Michigan municipalities and public entities. Comparable mutual/pool-style structure serving the same public-entity customer segment.
• Wisconsin Municipal Insurance Commission (WMMIC): Wisconsin intergovernmental insurance pool offering workers' compensation and liability coverage to municipalities and school districts. Comparable single-state, member-governed pooling structure with similar public-employer focus.

Broad incumbents

• EMC Insurance Companies: AM Best 'A'-rated property/casualty insurer that provides IPEP's excess coverage. Operates more broadly in commercial insurance but overlaps in the workers' compensation and public-entity risk space.
• Accident Fund Holdings: National workers' compensation carrier offering coverage to employers including public entities. Overlaps IPEP's core product (workers' comp) but serves a far broader, multi-state employer base with a commercial carrier model.
• Brown & Brown, Inc. Fifth-largest US insurance intermediary and parent of Public Risk Underwriters, IPEP's plan administrator. Provides insurance distribution, administration, and risk-management services overlapping with IPEP's operating model and customer base.
• State Compensation Insurance Fund (State Fund, California): California's state-run workers' compensation carrier, the largest writer of workers' comp in the state. A broader incumbent in the same product category (workers' comp insurance) that competes for similar public-entity and broader employer business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCKyn9_c9-4ruQtwxOiOYNjg/featured
• LinkedInlinkedin.com/company/ipep-indiana-public-employers-plan
• Facebookfacebook.com/healthandworkerscomp

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 IPEP