About AIPSO

Our Background Residual Market Overview Senior Management Team
Mission Vision Values

 

AIPSO is the service provider of choice to insurance industry groups responsible for administering the residual market.

  • The insurance industry supports AIPSO’s evolution in becoming the sole service provider for the automobile insurance residual market, responding to additional service needs as requested by the industry.
  • As a non-profit corporation, the revenues AIPSO receives generally cover only its operating costs, which are shared among insurers on a market share basis for each of 49 states and the District of Columbia in which AIPSO provides services.
  • Many AIPSO services are provided directly to or on behalf of governing bodies representing residual market mechanisms in each state.
  • Components of services AIPSO provides are frequently subject to the prior approval of the respective state insurance regulators.

Since 1973, AIPSO has served local customer needs while simultaneously focusing on efficient, effective management.

  • AIPSO’s centralization and standardization provide inherent economies of scale, stability to the automobile residual market, and other efficiencies to our customers.
  • AIPSO is based on customer focus and flexibility in serving customer groups with diverse interests, tailored to meet local state residual market requirements where appropriate.
  • Our team-based culture concentrates efforts on delivering services to AIPSO customers throughout the country.

Our customers - the many and varied segments of the insurance industry - are the reason why AIPSO exists. AIPSO: Serving the Insurance Industry is not just a motto; it’s how we conduct our business. Every day.

Serving the Insurance Industry

The automobile insurance residual market illustrates one of the insurance industry's many beneficial achievements: assuring the availability of insurance coverage to all qualified motorists. Since 1973, the insurance industry has relied upon AIPSO, a national not-for-profit corporation, to provide services to the auto insurance residual market.

Over the years AIPSO has evolved into the service provider of choice, providing virtually all management, products, and services to administer the auto insurance residual market. The challenges AIPSO has addressed along the way have enhanced its ability to deliver a greater variety of services, and greater value, to its customers.

Working under the guidance of its Board of Directors, AIPSO looks forward to leveraging its resources to deliver timely, effective, and efficient services to stabilize the auto residual market and allow state residual market mechanisms' member companies to concentrate on their core voluntary insurance operations.

Charles P. Kwolek Jr., President