NASW Insurance Company

What NASW Insurance Company does

NASW Insurance Company, Inc. (NASWIC) is a for-profit reinsurance captive company that underwrites and provides reinsurance for professional liability insurance covering social workers. The company was incorporated on December 23, 2007, as a wholly-owned subsidiary of NASW Assurance Services (ASI), which itself is wholly owned by the National Association of Social Workers (NASW). NASWIC is domiciled in Washington, D.C., under the regulation of the DC Department of Insurance, with its physical headquarters located at 50 Citizens Way, Suite 304 in Frederick, Maryland. It operates with 11-50 employees and carries an A.M. Best 'Excellent' financial strength rating.

The company's core product is reinsurance support for the NASW-Endorsed Professional Liability Insurance (PLI) Program, with insurance carriers such as The Hartford writing the fronting policies that reach individual social workers. NASWIC manages underwriting, claims, and reserves to offset future liabilities, and shares underwriting, reinsurance, and investment income with its parent ASI to support the broader NASW Insurance Program. Its technology footprint is a web-based information and notification portal rather than an underwriting platform, with no disclosed AI, integrations, or proprietary software beyond basic browser-based content delivery.

Commercially, NASWIC pursues a tightly defined B2B2C model: it does not sell directly to social workers but instead reinsures carrier partners that serve NASW members. During 2025, NASWIC is relaunching its NASW-Endorsed PLI Program with new and improved benefits and broader state availability, and is publicly soliciting additional carrier relationships. Marketing is conducted through the company website, email notifications, and direct mail via the parent association channel, reflecting the captive's structural dependence on the NASW membership ecosystem.

Name

NASW Insurance Company

Legal name

NASW Insurance Company, Inc.

Website

https://naswinsurancecompany.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

NASW Insurance Company is a for-profit reinsurance captive, founded in 2007, that underwrites and reinsures professional liability insurance for social workers through carrier partners such as The Hartford, operating as a subsidiary of NASW Assurance Services under the National Association of Social Workers.

Ownership category

akta.pro rank

Product category

Professional Liability Reinsurance

NAICS

Reinsurance Carriers (52413)

akta.pro primary industry

General Liability Reinsurance (FSAOABAD)

Keywords

• Professional liability reinsurance
• Captive insurance services
• Social work insurance
• Underwriting services
• Professional indemnity coverage

Headquarters

HQ city

Frederick

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Reinsurance Premiums: NASWIC provides underwriting and reinsurance to insurance carriers such as The Hartford that insure social work professionals. Premiums are systematically written and earned over time.
2. Investment Income: NASWIC shares income made from its underwriting and reinsurance services and its investments with its parent company NASW Assurance Services to support the NASW Insurance Program.

Distribution channels1 record

Marketing channels3 records

Core offering

NASW Insurance Company (NASWIC) is a for-profit reinsurance captive company that provides underwriting and reinsurance services to insurance carriers such as The Hartford, which in turn issue Professional Liability Insurance (PLI) policies to social workers and NASW members. The company manages claims, maintains reserves to offset future liabilities, and shares investment and underwriting income with its parent, NASW Assurance Services.

Product overview

NASW Insurance Company (NASWIC) operates as a reinsurance captive company offering a focused portfolio of insurance solutions for the social work profession. The core offerings consist of reinsurance services for NASW's Professional Liability Insurance (PLI) Program and the PLI Program itself. NASWIC provides underwriting and reinsurance to insurance carriers like The Hartford, while the PLI Program delivers professional liability coverage directly to social workers. The company is currently preparing to relaunch the NASW-Endorsed PLI Program with improved benefits and expanded state availability.

Differentiator

Problem solved

Functional benefit

Products and services

• NASW Insurance Company (NASWIC) Reinsurance Services Reinsurance captive services for insurance carriers such as The Hartford that write professional liability policies for social work professionals. Includes underwriting support, claims management, and reserve management to offset future liabilities.
• Professional Liability Insurance (PLI) Program Flagship insurance product designed exclusively for social workers and NASW members, providing professional liability coverage to protect social workers in their practice. Currently being relaunched with enhanced benefits and broader state availability.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• The HartfordcoreStrategic or Co-development PartnerThe Hartford is the primary insurance carrier partner that writes professional liability insurance for social workers. NASWIC provides underwriting and reinsurance support to enable The Hartford to offer specialized coverage to NASW members.
• NASW Assurance Services (ASI)coreStrategic or Co-development PartnerNASW Assurance Services (ASI) is the parent company of NASWIC and is wholly owned by the National Association of Social Workers. ASI oversees marketing, customer billing, underwriting, and servicing of insurance programs. NASWIC shares income from underwriting, reinsurance, and investments with ASI to support NASW programs.
• National Association of Social Workers (NASW)coreStrategic or Co-development PartnerNASW is the world's largest membership organization of professional social workers and the ultimate parent organization through its wholly-owned subsidiary NASW Assurance Services. NASWIC was established to enhance services for NASW members and strengthen the operations of NASW Assurance Services.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Pharmacists Mutual Insurance Company: Pharmacists Mutual is a profession-specific mutual insurer offering professional liability coverage to pharmacists and allied health professionals. Its mission-aligned, profession-specific structure closely mirrors NASWIC's association-captive model.
• Healthcare Providers Service Organization (HPSO): HPSO underwrites professional liability insurance for healthcare professionals, including social workers, and operates in a similar association-affiliated distribution model. It is a directly comparable professional liability carrier serving overlapping customer segments.
• Nurses Service Organization (NSO): NSO provides professional liability insurance for nursing and allied health professionals, often through association partnerships. Its focus on professional liability for non-physician healthcare roles makes it directly comparable to NASWIC's PLI Program for social workers.

Broad incumbents

• Medical Protective (MedPro Group): MedPro is a long-standing specialty professional liability insurer for healthcare professionals. Its expertise in profession-specific liability underwriting and claims management makes it broadly comparable to NASWIC, though at significantly larger scale.
• ProAssurance Corporation: ProAssurance is a publicly traded specialty professional liability insurer with a strong focus on medical professionals. While larger and broader in scope, it serves as an established comparable for specialty professional liability underwriting and reinsurance economics.
• State Volunteer Mutual Insurance Company (SVMIC): SVMIC is a physician-owned mutual insurer specializing in medical professional liability. Its profession-affiliated, mission-driven structure and specialty underwriting focus are comparable to NASWIC's association-backed model.
• NORCAL Mutual Insurance Company: NORCAL is a physician-owned mutual insurer specializing in medical professional liability. Its association-affiliated, profession-specific mutual/captive structure is comparable to NASWIC's association-backed model, even though it serves physicians rather than social workers.
• MLMIC Insurance Company: MLMIC is a large physician-owned professional liability insurer in New York. Its mutual/profession-affiliated structure and specialty liability focus make it broadly comparable to NASWIC's captive professional liability model.

Emerging players

• CAMICO Professional Liability Insurance: CAMICO provides professional liability insurance for accountants and related financial professionals via an association-affiliated model. It is comparable to NASWIC as a specialty professional liability carrier serving a defined profession through affinity distribution.
• Dentist's Advantage (by Professional Protector Plan): Dentist's Advantage provides professional liability insurance for dentists through an association-affiliated program. Its specialty professional liability focus and association distribution make it comparable to NASWIC's niche PLI offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 NASW Insurance Company