Risk & Regulatory Consulting LLC

What Risk & Regulatory Consulting LLC does

Risk & Regulatory Consulting, LLC (RRC) is a US-based, privately-held professional services firm that provides regulatory consulting to state insurance departments. Founded in 2012 and headquartered in Farmington, Connecticut, RRC employs more than 100 experienced insurance professionals located across 25+ US states, led by Co-Managing Partners Patricia E. Matson and LeeAnne W. Creevy. The firm operates as a vertically-specialized consultancy organized around nine service lines: Regulatory Actuarial Consulting, Financial Analysis, Financial Exams, Information Technology, Investments, Market Regulation, MLR Exams, Pharmacy & Healthcare, and Troubled Company & Receivership. Senior staff include former state insurance regulators, examiners-in-charge, and ex-NAIC officials, and the firm has built proprietary in-house training programs specifically tailored for regulatory clients.

RRC's core deliverable is human-led examinations and consulting, with technology playing a supporting rather than central role. The firm has adopted the Akur8 Discover platform to convert unstructured regulatory filings (including SERFF data) into structured, searchable intelligence for benchmarking, rate monitoring, and market trend analysis; this platform is delivered to RSM US LLP clients across North America with RRC serving as the affiliated consultancy in regulatory and actuarial engagements spanning the US and Canada. RRC earns revenue through fee-for-service, quote-based professional services engagements with government clients (state insurance departments) and enterprise clients (notably RSM US LLP). Its go-to-market is sales-led and relationship-based, reinforced by thought leadership in SOFE, SOA, and IRES publications, comment letters to standard-setting bodies, client webinars, and conference participation. Branding emphasizes national reach with local touch, full-time regulatory specialists, and integrated cross-disciplinary service delivery to state insurance regulators.

Name

Risk & Regulatory Consulting LLC

Legal name

Risk & Regulatory Consulting, LLC

Website

https://riskreg.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Risk & Regulatory Consulting is a privately-held US professional services firm that provides regulatory consulting, financial examinations, actuarial services, and receivership support to state insurance departments across more than 25 states, with over 100 specialized insurance professionals.

Ownership category

akta.pro rank

Product category

Insurance Regulatory Consulting Services

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618)

akta.pro primary industry

Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

Keywords

• Insurance regulatory consulting
• Actuarial services
• Financial examinations
• Troubled company receivership
• Market conduct examinations

Headquarters

HQ city

Farmington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Regulatory Consulting Services: Fee-for-service professional consulting services provided to state insurance departments including actuarial services, financial analysis, financial exams, IT audits, investments, market regulation, MLR exams, pharmacy & healthcare consulting, and troubled company & receivership services.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Risk & Regulatory Consulting LLC (RRC) is a national professional services firm that provides specialized regulatory consulting to state insurance departments. Its service portfolio spans Regulatory Actuarial Consulting, Financial Analysis, Financial Exams, Information Technology, Investments, Market Regulation, MLR Exams, Pharmacy & Healthcare, and Troubled Company & Receivership services, delivered by full-time professionals located across 25+ U.S. states.

Product overview

Risk & Regulatory Consulting LLC (RRC) is a professional services firm providing consulting services to state insurance departments. Rather than a unified software product, RRC offers an integrated portfolio of specialized consulting services including Regulatory Actuarial Consulting, Financial Analysis, Financial Exams, Information Technology reviews, Investments consulting, Market Regulation, MLR Exams, Pharmacy & Healthcare, and Troubled Company & Receivership. The firm leverages the Akur8 Discover platform (a third-party regulatory intelligence tool) for converting unstructured regulatory filings into structured data for analysis. RRC's integrated service line approach enables the firm to provide comprehensive regulatory consulting across multiple disciplines.

Differentiator

Problem solved

Functional benefit

Products and services

• Regulatory Actuarial Consulting Services
• Financial Analysis
• Financial Exams
• Information Technology
• Investments
• Market Regulation
• MLR Exams
• Pharmacy & Healthcare
• Troubled Company & Receivership

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Partnerships

Two partnerships are on record, tiered core.

• Akur8coreTechnology or Integration · 10 March 2026Akur8 has expanded its strategic relationship with RSM US LLP, with RSM adopting the Akur8 Discover platform across its North American operations. RRC as affiliated consultancy uses this platform to convert unstructured regulatory filings from sources including SERFF into structured, searchable intelligence, enabling benchmarking of filings, monitoring rate movements, and analysis of market trends across personal and commercial lines.
• RSM US LLPcoreStrategic or Co-development Partner · 1 November 2025RSM is a professional services firm that has adopted the Akur8 Discover platform with RRC as its affiliated consultancy. RRC supports RSM's regulatory and actuarial services for insurance and financial services clients in the US and Canada, with initial deployment starting November 2025 and enterprise rollout in March 2026.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• KPMG: KPMG's insurance practice includes actuarial and regulatory advisory for state insurance departments and carriers, including MAR, financial exam, and MLR work. It is a broad incumbent whose scale and audit-adjacent relationships give it competitive advantages on integrated regulatory engagements.
• PwC: PwC's insurance practice includes regulatory consulting, actuarial services, and financial examinations for state insurance departments and insurance carriers. It is a broad incumbent that overlaps directly with RRC's market regulation, financial analysis, and IT audit service lines.
• Deloitte: Deloitte's insurance regulatory and advisory practice spans actuarial services, financial exams, MLR audits, MAR/IT risk, and troubled-company work for both regulators and carriers. As a Big Four incumbent, Deloitte competes with RRC on larger cross-disciplinary engagements and has scale advantages on multi-state or international programs.
• Ernst & Young (EY): EY provides insurance regulatory advisory, actuarial, and risk-focused exam support across North America. As a Big Four firm, it competes for the same state insurance department and large carrier engagements RRC serves, typically on breadth and geographic scale rather than specialized depth.

Direct peers

• Milliman: Milliman is the largest independent actuarial consulting firm globally, providing regulatory actuarial consulting, financial exams, and market analytics to insurers and regulators. It is the closest direct competitor to RRC's actuarial-led regulatory practice and the standard benchmark buyer/regulator reference for the same kinds of engagements RRC performs.
• Oliver Wyman: Oliver Wyman operates a leading insurance consulting practice serving both insurers and insurance regulators across actuarial, risk, and regulatory matters. It competes directly with RRC for state insurance department and carrier-side engagements, particularly on financial analysis, market conduct, and risk-focused exams.
• RSM US LLP: RSM is a Top-5 US accounting firm with an established insurance regulatory advisory practice and RRC's strategic partner. RSM and RRC deliver overlapping actuarial and regulatory services to insurance carriers and state regulators, and now share the Akur8 Discover platform across North America, making them both allies and channel-partner competitors.

Others

• Verisk: Verisk provides regulatory analytics, statutory filing software, and insurance intelligence products used by both regulators and carriers. It is an ecosystem participant to RRC — its data and analytics tools (akin to Akur8 Discover) underpin much of the regulatory intelligence work the firm performs — rather than a direct consulting competitor.

Regional players

• Wolf & Company: Wolf & Company operates an insurance regulatory services practice providing financial examinations, market conduct exams, and actuarial consulting to state insurance departments, primarily in the Northeast. It is similar in specialization to RRC but smaller in scale and geography, making it a direct comparable on a per-engagement basis.
• CohnReznick: CohnReznick has a dedicated insurance advisory practice serving state insurance departments and insurers on financial exams, IT audits, and troubled-company matters, primarily along the US East Coast and mid-Atlantic. It is comparable to RRC in scope and client base but with a smaller geographic footprint than RRC's 25-state presence.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/risk-&-regulatory-consulting

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds2 records

Investors3 records

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 Risk & Regulatory Consulting LLC