Property and casualty insurance holding company offering insurance, reinsurance, and information technology services.
HCI Group, Inc. operates as a diversified company involved in property and casualty insurance, reinsurance, real estate, and information technology ventures primarily within Florida. Founded in 2006 and headquartered in Tampa, Florida, HCI Group specializes in providing residential insurance products including homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants across the state. The company also offers reinsurance programs to bolster its insurance operations.
In addition to its insurance services, HCI Group engages in real estate activities by owning and managing waterfront properties, retail shopping centers, office buildings, and commercial properties for investment purposes. This diversification strategy allows HCI to leverage its real estate holdings alongside its core insurance business to enhance overall profitability and mitigate risk. Moreover, HCI Group is active in the information technology sector, developing web-based applications and mobile products such as SAMS (an online policy administration platform), Harmony (a policy administration platform), ClaimColony (an end-to-end claims management platform), and AtlasViewer (a mapping and data visualization platform).
Formerly known as Homeowners Choice, Inc., HCI Group rebranded in May 2013 to reflect its expanded scope and diversified business interests. The company continues to innovate within its respective industries while maintaining a strong presence in the Florida market. As HCI Group navigates the evolving landscape of financial technology, it may consider developments related to cryptocurrency and blockchain technology, potentially exploring opportunities that align with its strategic objectives in insurance, real estate, and technology innovation.