Washington Insurance Examining Bureau
- Company typePrivate
- Founded1906
- HeadquartersSeattle, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Washington Insurance Examining Bureau firmographics
Firmographics- Name
- Washington Insurance Examining Bureau
- Legal name
- Washington Insurance Examining Bureau, Inc.
- Website
- https://wieb.com
- Company type
- Private
- Founded year
- 1906
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Where Washington Insurance Examining Bureau is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Washington Insurance Examining Bureau business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Distribution channels1 record
Marketing channels1 record
Washington Insurance Examining Bureau product offering
Product offeringCore offering
WIEB is a non-profit, public service organization that performs expert analyses of the insurance rating process and audits insurer documents and calculations against Washington State's filed and approved rates, rules and forms. The bureau examines property insurance lines including Homeowners, Dwelling, Farm, Commercial Property, Commercial Package, Businessowners, and Earthquake on a three-to-five-year rotational audit cycle. Its operations are funded by annual assessments paid by licensed insurers based on their total written premium of property insurance in Washington State.
Product overview
Washington Insurance Examining Bureau (WIEB) is a non-profit, public service organization that offers a single, unified service focused on insurance rating expert analysis and compliance verification. Their core offering consists of auditing property insurance policies and rating processes to ensure insurers comply with Washington state regulations. The examination services cover multiple property insurance lines including Homeowners, Dwelling, Farm, Commercial Property, Commercial Package, Businessowners, and Earthquake policies.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Insurance Rating Process Examination Expert analysis and audit of an insurer's property insurance rating process to verify compliance with Washington State-filed and approved rates, rules and forms. Conducted on a three-to-five-year rotational audit cycle and intended for licensed property insurers operating in Washington State.
- Property Insurance Policy and Calculation Audits Document and calculation audits of property insurance policies across lines including Homeowners, Dwelling, Farm, Commercial Property, Commercial Package, Businessowners, and Earthquake. The service confirms that rating variables and resulting premiums align with Washington State-filed and approved rates, rules and forms, and is delivered to licensed Washington property insurers.
Companies that use Washington Insurance Examining Bureau
Customer profileSegments1 record
Ideal customer profiles1 record
Washington Insurance Examining Bureau technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Washington Insurance Examining Bureau partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
Washington Insurance Examining Bureau competitors and assessment
Company assessmentDirect peers
- National Council on Compensation Insurance (NCCI): NCCI is a licensed rate service organization for workers' compensation, supporting rating bureaus and regulatory compliance across many states. Its model — privately operated but statutorily designated for rate advisory work — is structurally analogous to WIEB's.
- American Association of Insurance Services (AAIS): AAIS is a national advisory organization that develops rating programs, forms, and statistical services for property/casualty insurers, with a structure analogous to WIEB's but operating across multiple states. It performs similar filing-support and compliance functions for member insurers.
- Insurance Services Office (ISO), a Verisk business: ISO is the dominant national rate service organization providing advisory rating information, statistical data, and compliance-related services to P&C insurers. Like WIEB, ISO supports insurers' compliance with state filings and rating processes, making it the most direct functional peer at a national scale.
Others
- National Association of Insurance Commissioners (NAIC): NAIC is the umbrella body of state insurance regulators that sets model standards governing state insurance compliance, including the rate and form filing frameworks WIEB audits. It shapes the broader regulatory environment in which WIEB operates.
- Washington State Office of the Insurance Commissioner (OIC): The OIC is the regulator that licenses WIEB and oversees insurance compliance in Washington. It is not a peer in the commercial sense but is the principal counterparty in WIEB's regulatory ecosystem and sets the rules WIEB enforces.
Regional players
- California Department of Insurance Rate Filing Bureau: California operates its own state-level property rate filing and examination infrastructure. While a government agency rather than a non-profit, its functional role in examining filed rates and forms for insurer compliance is comparable to WIEB's mandate in Washington.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Washington Insurance Examining Bureau financial estimates
Financial estimateRevenue estimate
Valuation estimate
Washington Insurance Examining Bureau leadership team
Management profileNumber of profiles
Profiles1 record
Washington Insurance Examining Bureau funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Washington Insurance Examining Bureau 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 Washington Insurance Examining Bureau
What does Washington Insurance Examining Bureau do?
WIEB is a non-profit, public service organization that performs expert analyses of the insurance rating process and audits insurer documents and calculations against Washington State's filed and approved rates, rules and forms. The bureau examines property insurance lines including Homeowners, Dwelling, Farm, Commercial Property, Commercial Package, Businessowners, and Earthquake on a three-to-five-year rotational audit cycle. Its operations are funded by annual assessments paid by licensed insurers based on their total written premium of property insurance in Washington State.
Is Washington Insurance Examining Bureau a public or private company?
Washington Insurance Examining Bureau is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Washington Insurance Examining Bureau founded?
Washington Insurance Examining Bureau was founded in 1906. It employs 1 to 10 people.
Where is Washington Insurance Examining Bureau based?
Washington Insurance Examining Bureau is headquartered in Seattle, United States, in the North America region.
Who are Washington Insurance Examining Bureau's main competitors?
Direct peers on record are National Council on Compensation Insurance (NCCI), American Association of Insurance Services (AAIS) and Insurance Services Office (ISO), a Verisk business. Others are National Association of Insurance Commissioners (NAIC) and Washington State Office of the Insurance Commissioner (OIC). California Department of Insurance Rate Filing Bureau is listed as a regional player.
Does Washington Insurance Examining Bureau have an API?
No public API is recorded for Washington Insurance Examining Bureau.