Hawaii Insurance Bureau

What Hawaii Insurance Bureau does

Hawaii Insurance Bureau, Inc. (HIB) is an independent, non-profit advisory organization founded in 1880 that serves the property and casualty insurance industry operating in the State of Hawaii. The organization operates within Hawaii's prior-approval regulatory environment, preparing and filing rules, forms, loss costs and rating plans with the Hawaii Insurance Division on behalf of member companies. HIB also holds designated jurisdiction to grade community fire suppression capabilities using ISO's Fire Suppression Rating Schedule, producing Public Protection Classification (PPC) grades for communities with qualified fire stations across the Hawaiian islands.

HIB's core product surface consists of (i) advisory filings across most P&C lines, (ii) a Commercial Property Database covering approximately 7,000 surveyed buildings and 20,000 tenants with loss costs, building/underwriting information, photos, CSP codes, PPC data and exposure details, (iii) OPUS, a fee-for-service electronic mapping system that identifies property locations and surfaces PPC and fire hydrant proximity within 1,000 feet, and (iv) supporting tools including auto symbol lookups, classification lookup, electronic forms library in Microsoft Word, annotated rules manuals in PDF, loss cost spreadsheets (advertised as saving up to 50 hours of programming time), loss cost history spanning at least ten years, circulars and bulletins for filing communication, and the Commercial Umbrella program offered as an a la carte add-on.

HIB generates revenue through recurring membership and subscription fees from approximately 300 P&C insurers in Hawaii and the continental United States, with Member status conferred on carriers selecting 8+ lines of insurance and Subscriber status on those selecting fewer. The Commercial Umbrella line is sold separately for an annual fee. All administrative operations are performed under a 2010 administrative services agreement with Direct Business Connections, Inc. (DBC), while HIB retains its independent governance through a member-elected Board of Directors and single Honolulu headquarters.

Name

Hawaii Insurance Bureau

Legal name

Hawaii Insurance Bureau, Inc.

Website

https://hibinc.com

Company type

Private

Founded year

1880

Operating status

Operating

Headcount range

11–50 employees

Short description

Hawaii Insurance Bureau is an independent non-profit advisory organization that files rules, forms, loss costs and rating plans with the Hawaii Insurance Division on behalf of approximately 300 member property and casualty insurers, and operates the state's designated Public Protection Classification grading system and a proprietary Commercial Property Database of ~7,000 buildings.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance Advisory Services

NAICS

Insurance Carriers (5241)

SIC

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

akta.pro primary industry

Landlord / Dwelling Fire (DP) Insurance (FSAJACAD)

Keywords

• Insurance advisory services
• Property casualty filings
• Loss cost data
• Public protection classification
• Commercial property database

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

Revenue model

1. Membership/Subscription Fees: HIB operates as an independent, non-profit corporation providing services to member insurance companies through annual membership or subscriber fees. Members gain access to advisory filings, loss cost data, commercial property database, and other services.
2. Commercial Umbrella Program: Commercial Umbrella line is an a la carte service with an annual fee separate from membership. HIB provides forms, rules, rating procedures, and state exceptions for this line.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hawaii Insurance Bureau is an independent, non-profit advisory organization that prepares and files rules, forms, loss costs, and rating plans with the Hawaii Insurance Division on behalf of member property and casualty insurance companies. It maintains a proprietary Commercial Property Database of approximately 7,000 buildings and 20,000 tenants, performs Public Protection Classification gradings for Hawaii communities using ISO's Fire Suppression Rating Schedule, and provides supporting tools including the OPUS electronic mapping system, electronic forms library, rules manuals, auto symbol filings, classification lookup, and loss cost spreadsheets.

Product overview

Hawaii Insurance Bureau (HIB) operates as an independent advisory organization offering a comprehensive suite of property and casualty insurance information services. The core offerings include advisory filings (rules, forms, loss costs, rating plans), a Commercial Property Database with ~7,000 buildings and 20,000 tenants, and Public Protection Classification grading services. Supporting products include OPUS electronic mapping, Auto Symbols lookup, Classification Lookup, Electronic Forms library in Microsoft Word, Rules Manuals in PDF, and Circulars & Bulletins for filing communication. Additional specialized products include Loss Cost Spreadsheets for rate calculation, Loss Cost History tracking, the Entire Loss Cost Spreadsheet consolidation tool, Annotated Manuals with linked forms, and the Commercial Umbrella Program as an a la carte add-on. Personal and Commercial Lines Forms are available for multiple insurance types. The portfolio functions as an integrated platform where members access filings, property/classification databases, mapping tools, and regulatory-compliant documentation to support insurance underwriting decisions in Hawaii.

Differentiator

Problem solved

Functional benefit

Products and services

• Membership Services Annual membership/subscription-based access to HIB's full suite of advisory organization services for property and casualty insurance companies operating in Hawaii; available to carriers selecting 8+ lines (Member) or fewer lines (Subscriber).
• Advisory Filings

Quantifiable outcome

• Loss Cost Spreadsheets can save up to 50 hours of programming and data entry time

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Direct Business Connections, Inc. (DBC)coreOthers · 1 January 2010In 2010, HIB entered into an administrative service agreement with Direct Business Connections, Inc. (DBC), through which DBC began providing all administrative services for the Hawaii Insurance Bureau, Inc. DBC is also listed as a direct business connection on HIB's links page.

Scale indicators5 records

Recent moves9 records

Expansion highlights3 records

Direct peers

• Mississippi State Rating Bureau: Mississippi's state rating bureau providing advisory filings and rating services to P&C insurers. Operates on the same advisory organization model as HIB and is referenced alongside HIB on cross-linked peer pages.
• North Carolina Rating Bureau (NCRB): State-level advisory rating organization serving North Carolina P&C insurers with filings, loss costs, and statistical services. Same non-profit, member-governed structure and prior-approval regulatory alignment as HIB.
• Washington Survey and Rating Bureau (WSRB): Independent, non-profit rating bureau serving Washington state insurers with PPC gradings, commercial property data, and advisory filings. Closely mirrors HIB's product set and is one of the most operationally similar peers to HIB among U.S. state bureaus.
• Property Insurance Association of Louisiana (PIAL): Louisiana's property insurance advisory organization providing filings and related services to insurers. Comparable advisory/bureau structure and member-based operating model; cross-referenced by HIB as a peer bureau.
• Idaho Survey and Rating Bureau (ISRB): State-level independent rating and advisory bureau serving property and casualty insurers in Idaho. Directly comparable to HIB in scope (advisory filings, loss costs, commercial property inspections, PPC gradings) and operating model (non-profit, member-governed). Cross-linked on HIB's own peer page.

Broad incumbents

• Insurance Services Office (ISO) / Verisk: The dominant national advisory organization for P&C insurers, providing PPC schedules, loss costs, and statistical plans used by HIB (HIB explicitly applies 'ISO's Fire Suppression Rating Schedule'). Functions as both a methodology supplier and broad competitor across most U.S. states outside Hawaii.
• National Council on Compensation Insurance (NCCI): National ratemaking organization for workers compensation. Comparable bureau/advisory operating model—non-profit, member-governed, providing filings and advisory services to insurance carriers—but in a different line of business. Useful as a structural analogue.
• American Association of Insurance Services (AAIS): National advisory organization providing P&C filings, forms, and statistical plans to member insurers. Operates at national scale across many lines, overlapping with HIB's filings/form/rating-services remit but in competition across most states.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hawaii-insurance-bureau-inc

Revenue estimate

Valuation estimate

Number of profiles

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 Hawaii Insurance Bureau