Case Study

NAMIC Insurance Company

NAMIC Insurance Company

Pages 2 Pages

Overview NAMIC Insurance Company (NAMICO) is unique in the insurance industry; it was formed by a trade association, the National Association of Mutual Insurance Companies (NAMIC), to provide professional liability insurance to as- sociation members. NAMICO, in other words, insures the insurers. The company is the largest insurer of mutual property and casualty companies in the United States, and its surplus has grown from $3.7 mil- lion in 1987 to over $26 million today. NAMICO also plays an important role within the insur- ance industry; its specialized underwriting and risk selection practices provide a sound foun- dation for market stability and affordability. Challenge Documents are a fundamental component of all of NAMICO’s business-critical processes, from writing quote

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