Housing Partnership Insurance Exchange (HPIEx)

Built to deliver stability, clarity, and control for affordable housing organizations, Housing Partnership Insurance Exchange (HPIEx) is more than an insurance program, it is a leading member-governed insurance company designed exclusively for HPN members who continue to benefit from its long-term transparency and reliability. HPIEx provides the structure and guidance organizations need to support a holistic risk management program that strengthens operations and enhances communities.

HPIEx provides comprehensive insurance coverage tailored to the unique needs of affordable housing communities. Built to safeguard member mission, strengthen organizational resilience, and reinforce best-in-class risk management, HPIEx not only strengthens member organizations, but also advances the broader affordable housing industry by raising the standard for transparency, accountability, and long-term value for mission-driven owners.

Created in 2004 by HPN and its nonprofit housing developer members, HPIEx emerged to solve the industry-wide instability of the insurance markets with skyrocketing premiums and canceled coverage following September 11.

Rather than accept volatile pricing and limited options, members united to build a stronger, more transparent solution that consistently outperforms the traditional insurance market.

For more than two decades, HPN members have benefited from HPIEx’s steady & equitable pricing, enhanced reinsurance negotiating power, transparency, risk management guidance, and meaningful control over their insurance company.

IMA Financial Group (IMA) has been the exclusive service and administration partner of HPIEx since its inception, delivering best-in-class service through a dedicated team that knows and understands affordable housing.

• Coverage — Superior property and liability coverage tailored to affordable housing organizations including Assault & Battery, Habitability, and Firearms.
• Portfolio Wide Coverage — Coverage for the entire portfolio including all types of occupancy. No carve outs due to crime score or tenancy.
• Loss Prevention & Claim Management — Targeted risk control services specific to multi-family affordable housing to lessen property damage, improve safety, and minimize tenant displacement.
• Advanced Renewal Guidance — Allowing organizations to properly budget for upcoming premiums with premiums based upon individual member performance.
• Oversight & Ownership — The board is comprised of senior executives from member organizations who make decisions with a fiduciary responsibility to the insurance company while remaining closely aligned with the needs of its members.
• Benchmarking against Peers — Compare loss performance with similar organizations nationwide to identify trends, foster peer collaborations, and drive shared solutions for operational improvement.
• Underwriting Profits Remain with Members — Underwriting profits are retained within the insurance company’s surplus and allocated among members. Distributions are approved by the board, with allocation weighted toward individual member performance.
  

Collectively, these benefits showcase why HPIEx remains the most effective, reliable and sustainable insurance solution built and governed by nonprofits.

HPN serves as general manager and part owner, overseeing relationships across service providers and member organizations. Together, HPN and HPIEx provide long-term stability, transparency, and control over this insurance program.

IMA Financial Group is the endorsed insurance partner of the Housing Partnership Network, serving as a holistic insurance broker on behalf of HPIEx and HPN, and as a trusted, experienced partner to the affordable housing sector.