Synchrous
Synchrous operates HARRP and AHRP, member-owned risk retention pools delivering property and liability insurance and risk management solutions to public housing authorities and affordable housing providers across the Western United States since 1987.
- Company typePrivate
- Founded1987
- HeadquartersVancouver, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Synchrous does
Synchrous, operating under the legal name Housing Authorities Risk Retention Pool (HARRP), is a member-owned risk-sharing cooperative founded in 1987 to deliver property and liability insurance and risk management solutions to public housing authorities (PHAs) across the Western United States. The organization was established in direct response to commercial insurers exiting the public housing insurance market, and today operates two core programs: HARRP for government-run public housing authorities and AHRP (Affordable Housing Risk Pool) for tax-credit partnerships, non-profit housing organizations, and authorities transitioning to non-governmental funding.
HARRP's core operating model is a member-governed risk retention pool that leverages collective purchasing power and tax-exempt status to deliver predictable coverage. Members receive property, automotive liability, and bare land coverage alongside integrated loss control, training, consulting services, and templates. Pricing follows a subscription model with annual member contributions determined through individualized underwriting questionnaires and risk assessments. The pool's HUD Voucher integration eliminates the administrative burden of rebidding insurance every three years, addressing a procurement friction unique to the public sector. Average annual premium cost increases have stayed below 13% since 2010, a central feature of the value proposition.
The go-to-market is relationship-driven and entirely direct, with no intermediaries, resellers, or marketplace channels. Members enroll as risk pool co-owners rather than policyholders, and decisions are made through peer-driven governance. The organization maintains 51-100 employees, generates revenue through recurring member contributions, and is headquartered in Vancouver, United States. There is no external parent company or private equity backing, and the entity is not listed on any public exchange.
Synchrous firmographics
Firmographics- Name
- Synchrous
- Legal name
- Housing Authorities Risk Retention Pool
- Website
- https://synchrous.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Synchrous operates HARRP and AHRP, member-owned risk retention pools delivering property and liability insurance and risk management solutions to public housing authorities and affordable housing providers across the Western United States since 1987.
- Ownership category
- akta.pro rank
Synchrous industry classification
Industry- Product category
- Public Sector Insurance
- NAICS
- Other Insurance Funds (52519)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Reinsurance Pool / Facility Treaty Participation (FSAOAEAL)
- akta.pro secondary industry
- Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)
Keywords
Where Synchrous is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Synchrous business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Insurance Premiums / Risk Pool Contributions: HARRP generates revenue through member contributions to the risk-sharing pool. Members (public housing authorities and affordable housing providers) pay into the pool for property and liability coverage. The pool provides cost-savings and purchasing power advantages through tax-exempt programs. Average annual cost increases have been less than 13% since 2010, demonstrating stable and predictable pricing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Customized insurance coverage based on member risk profiles |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Synchrous product offering
Product offeringCore offering
Synchrous delivers property and liability insurance and risk management solutions through member-owned risk pools (HARRP and AHRP) for public housing authorities and affordable housing providers across the Western United States. Its legal entity is the Housing Authorities Risk Retention Pool, founded in 1987.
Product overview
HARRP and AHRP operate as sister programs under a unified organization. HARRP serves public housing authorities with property and liability insurance and risk management, while AHRP targets affordable housing providers including tax-credit partnerships and non-profits. Both programs leverage collective purchasing power through risk pooling to deliver cost-effective coverage with rate stability and comprehensive loss control resources.
Differentiator
Problem solved
Functional benefit
Brands
- HARRP: Housing Authorities Risk Retention Pool - Insurance and risk management solutions for public housing authorities.
- AHRP
Products and services
- HARRP (Housing Authorities Risk Retention Pool) Property and liability insurance coverage plus risk management solutions for public housing authorities (PHAs) operating in the Western United States.
- AHRP (Affordable Housing Risk Pool) Insurance coverage and risk management services tailored for affordable housing providers, including nonprofits and operators of subsidized housing projects.
- Risk Management Advisory Services Risk management and loss control advisory services delivered alongside insurance coverage to help housing authorities mitigate property and liability exposures.
Quantifiable outcome
- Average annual cost increases less than 13% since 2010
- +1 more outcomes
Companies that use Synchrous
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Synchrous technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Synchrous partnerships and signals
Strategic signalScale indicators3 records
Recent moves3 records
Expansion highlights4 records
Synchrous competitors and assessment
Company assessmentBroad incumbents
- Marsh McLennan: Largest global insurance broker and risk advisor with a dedicated public entity and housing authority practice. Comparable because Marsh actively competes for the same PHA insurance placements that HARRP's pool arrangement replaces.
- Aon plc: Global professional services firm offering insurance brokerage and risk management to public-sector clients including housing authorities. Comparable as an incumbent alternative channel for PHAs seeking commercial property and liability coverage.
- Alliant Insurance Services: US insurance brokerage with dedicated public-entity and specialty practices serving municipalities, special districts, and affordable housing providers. Comparable as another alternative distribution channel for the same risk-transfer needs.
- Hub International: North American insurance brokerage with significant public-entity and municipal practices. Comparable because Hub places property and casualty coverage for many of the same government and affordable-housing entities that HARRP serves.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm serving public housing authorities, municipalities, and affordable housing organizations with property and liability insurance placement. Comparable because Gallagher brokers the very insurance placements that HARRP displaces for PHAs in the Western US.
Others
- Sedgwick Claims Management Services: Large third-party administrator handling claims and loss control services for insurers and risk pools. Comparable as an ecosystem participant — Sedgwick provides claims infrastructure and loss-control expertise akin to HARRP's integrated service offering to members.
Direct peers
- Public Entity Risk Management Authority (PERMA): California-based risk pool offering pooled property and liability coverage to public agencies through a member-governed JPA model. Comparable because PERMA operates an essentially identical cooperative insurance pool structure for similar public-sector members in the same geography.
- CSAC Excess Insurance Authority: California Joint Powers Authority pooling property, liability, and workers' compensation coverage for public agencies. Comparable as a directly analogous member-owned risk-pool structure serving California-based public entities, the same region and segment as HARRP.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Synchrous social profiles
Digital presenceSynchrous financial estimates
Financial estimateRevenue estimate
Valuation estimate
Synchrous leadership team
Management profileNumber of profiles
Profiles1 record
Synchrous funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Synchrous M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Synchrous
What does Synchrous do?
Synchrous delivers property and liability insurance and risk management solutions through member-owned risk pools (HARRP and AHRP) for public housing authorities and affordable housing providers across the Western United States. Its legal entity is the Housing Authorities Risk Retention Pool, founded in 1987.
Is Synchrous a public or private company?
Synchrous is a private company. It is classified as management employee owned and is currently operating.
When was Synchrous founded?
Synchrous was founded in 1987. It employs 51 to 100 people.
Where is Synchrous based?
Synchrous is headquartered in Vancouver, United States, in the North America region.
How does Synchrous make money?
One revenue line is on record: insurance Premiums / Risk Pool Contributions.
Who are Synchrous's main competitors?
Broad incumbents on record are Marsh McLennan, Aon plc, Alliant Insurance Services, Hub International and Arthur J. Gallagher & Co.. Sedgwick Claims Management Services is listed as an others. Direct peers are Public Entity Risk Management Authority (PERMA) and CSAC Excess Insurance Authority.
Does Synchrous have an API?
No public API is recorded for Synchrous.
What industry is Synchrous in?
Synchrous's product category is Public Sector Insurance. Its primary akta.pro industry code is FSAOAEAL, Reinsurance Pool / Facility Treaty Participation, with a secondary code of HLAEALAB, Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support). Its NAICS code is 52519 and its SIC code is 6331.