Innovative Risk Management

What Innovative Risk Management does

Innovative Risk Management, Inc. (IRM) is a Texas-incorporated, Dallas-headquartered program manager specializing in captive insurance and alternative risk solutions. Founded in 1991 and operating with 11–50 employees, IRM has built a tiered portfolio of captive programs targeted primarily at construction contractors across distinct premium bands: Assurex Builders Group (ABG) for $250k–$750k three-line casualty risks, Assurex Global Construction Risks (AGCR) for preferred construction risks paying more than $750k, Construction Partners Exchange (CPEx) for larger contractors spending a $2M minimum premium, Construction Insights Group (CIG) fronted by CNA for $400k+ contractors, and Elite Partners Insurance Captive (EPIC) for heterogeneous industries paying over $250k. The portfolio also includes the Program Plus Habitational Program (PPHP), a specialty package for apartments, condo, and townhouse associations with limits up to $75M per location.

IRM monetizes through program management fees for developing and administering these captive and alternative risk programs on behalf of insurance agents, brokers, and self-insured entities. Its service stack spans Program Management, Claims, Underwriting, Loss Control, and Specialty Program Development & Management. Pricing is quote-based and not publicly disclosed; broker inquiries route through the Director of Market Relations.

Since December 2021, IRM has operated as a wholly-owned subsidiary of One80 Intermediaries, a wholesale brokerage and program manager. This integration gives IRM access to One80's broader US-and-Canada wholesale distribution footprint, which carries a much wider product surface (commercial casualty, property, cyber, transportation, workers' compensation, etc.) than IRM could reach independently, making the One80 platform the primary go-to-market lever for IRM's captive solutions.

Name

Innovative Risk Management

Legal name

Innovative Risk Management, Inc.

Website

https://innovative-risk.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovative Risk Management is a Dallas-based program manager specializing in captive insurance and alternative risk solutions, serving construction contractors, habitational associations, and multi-industry enterprises through tiered captive programs and wholesale distribution via its parent, One80 Intermediaries.

Ownership category

akta.pro rank

Product category

Insurance Program Management

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

akta.pro secondary industry

Compliance, Risk & EHS Management (BPABAAAK)

Keywords

• Captive insurance programs
• Alternative risk solutions
• Wholesale program management
• Construction insurance captives
• Habitational insurance programs

Headquarters

HQ city

Coppell

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Program Management Services: IRM generates revenue through program management fees for developing and managing captive insurance programs and alternative risk solutions for agents, brokers, and self-insured entities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Innovative Risk Management (IRM) is a wholesale program manager that develops, underwrites, and administers captive insurance programs and alternative risk solutions for contractors, multi-industry enterprises, and habitational risks. The company operates as a subsidiary of One80 Intermediaries, distributing its captive and specialty programs exclusively through insurance agents, brokers, and self-insured entities across the US and Canada. Its core services include Program Management, Claims, Underwriting, Loss Control, and Specialty Program Development & Management.

Product overview

Innovative Risk Management (IRM) operates as a program manager offering a portfolio of captive insurance solutions and specialty program products. The core offerings consist of five distinct captive solutions (Assurex Builders Group, Assurex Global Construction Risks, Construction Partners Exchange, Construction Insights Group, and Elite Partners Insurance Captive) designed for contractors and various industries at different premium levels, plus the Program Plus Habitational Program for habitational risks. These products are delivered alongside IRM's supporting services including Program Management, Claims, Underwriting, Loss Control, and Specialty Program Development & Management.

Differentiator

Problem solved

Functional benefit

Brands

• Assurex Builders Group (ABG): Captive designed for contractors paying $250k – $750k in three-line casualty products: workers compensation, general liability and auto liability.
• Assurex Global Construction Risks (AGCR)
• Construction Partners Exchange (CPEx)
• Construction Insights Group (CIG)
• Elite Partners Insurance Captive (EPIC)
• Program Plus Habitational Program (PPHP)

Products and services

• Assurex Builders Group (ABG) A captive designed for contractors paying $250k–$750k in their three-line casualty products: workers compensation, general liability, and auto liability.
• Assurex Global Construction Risks (AGCR) A captive that brings preferred construction contractor risks paying more than $750k together into a shared alternative risk environment, providing long-term cost savings of risk while protecting resources and profits for each individual insured.
• Construction Partners Exchange (CPEx) A captive designed for larger contractors spending $2 million minimum premium in workers compensation, general liability, auto liability, auto physical damage, and excess liability, with higher limits.
• Construction Insights Group (CIG) A captive designed for contractors spending $400K minimum annual premium for workers compensation, general liability, and auto liability. Fronted by CNA, providing members the opportunity to partner with a carrier that knows their industry's unique exposures.
• Elite Partners Insurance Captive (EPIC) A heterogeneous insurance captive designed for a variety of industries paying over $250k, providing participants with control over their own risk management programs and insurance.
• Program Plus Habitational Program (PPHP) A specialty package for apartments, condo and townhouse associations and other habitational risks with limits up to $75 million per location, including property, general liability, inland marine, crime and equipment breakdown coverages with an option to purchase umbrella insurance.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• One80 IntermediariescoreOthers · 1 December 2021IRM is a subsidiary of One80 Intermediaries. Founded in 1991 and joined One80 Intermediaries in December 2021, extending the platform and capabilities to best serve clients and brokers. One80 Intermediaries is a highly focused wholesale brokerage and program manager providing specialized insurance solutions throughout the US and Canada.

Recent moves5 records

Expansion highlights5 records

Direct peers

• Captive Resources: Specialty captive management firm providing captive formation, management, and consulting services for middle-market companies across multiple industries. Directly comparable to IRM's EPIC and other captive programs in serving mid-market insureds seeking alternative risk transfer.
• US Risk Insurance Group: Wholesale broker and program manager specializing in excess and surplus lines, captive management, and alternative risk solutions for niche commercial segments. Directly comparable to IRM in the captive/alternative risk management space with overlapping contractor and habitational programs.
• Brown & Riding Insurance Services: Wholesale brokerage and program management firm with strong construction and casualty practice. Comparable to IRM in delivering specialty programs and contractor-focused captive solutions through retail broker channels.

Broad incumbents

• One80 Intermediaries: Parent company of IRM and a wholesale brokerage and program manager providing specialized insurance solutions across the US and Canada. Operates IRM alongside a much broader portfolio of program managers, MGAs, and wholesale brokerage capabilities, making it the most directly comparable organization to IRM at the platform level.
• Amwins: Largest US specialty wholesale broker and program manager with deep construction, casualty, and property expertise. Comparable to IRM because it develops and manages multiple specialty programs for captive and alternative risk structures, targeting similar mid-market and large contractor segments.
• RPS (Risk Placement Services): National wholesale insurance broker and program manager operating across specialty lines including construction, casualty, and habitational. Directly comparable to IRM in managing captive and alternative risk programs for mid-market insureds through broker distribution.
• CRC Insurance Services: Wholesale broker and program manager offering specialty programs and alternative risk solutions nationwide. Comparable to IRM in providing captive program development, underwriting, and program administration for contractor and specialty commercial segments.
• Burns & Wilcox: National wholesale brokerage and MGA with specialty programs across construction, habitational, and commercial lines. Comparable to IRM in building and managing niche programs delivered through retail broker relationships.
• Crump Insurance Services: Wholesale insurance broker and program manager serving retail agents with specialty and alternative risk placements. Comparable to IRM in distribution model and construction/contractor program focus.

Emerging players

• IOA Insurance (Insurance Office of America): National insurance brokerage with captive formation and alternative risk management capabilities. Comparable to IRM in offering mid-market clients captive insurance and program management services, though more diversified across retail and wholesale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/risk_irm
• Facebookfacebook.com/Innovative-Risk-Management-100261781907288

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Innovative Risk Management