SIGMA Venture Partners

What SIGMA Venture Partners does

SIGMA Actuarial Consulting Group, Inc., founded in 1995 by Timothy Coomer, PhD, and Al Rhodes, is a privately held property and casualty actuarial firm headquartered in Brentwood, Tennessee. The firm provides actuarial consulting services to risk management professionals, insurance brokers, captive insurance companies, CFOs, accountants, and auditors, with capabilities spanning loss projections, reserve analysis, captive feasibility studies, collateral analysis, confidence intervals, and loss payout schedules across workers compensation, automobile liability, general liability, and healthcare professional liability lines. Its proprietary software platform, RISK66, offers web-based self-service analytics via the Loss Forecaster and LORAN tools, alongside 50+ training videos and assessment tools (Captive, Collateral, Large Deductible Comparison), sold through tiered annual subscriptions ranging from $3,000 (Single) to custom Corporate pricing, with a complimentary educational license tier.

The firm operates a dual business model combining professional services with software subscription revenue, distributed through direct enterprise sales (consulting engagements) and self-service PLG channels (RISK66 licensing). Its go-to-market leverages an extensive content and thought-leadership engine including a multi-year risk management blog, educational resources, industry publication contributions, social media presence, and a steady stream of industry recognition (Captive International and Captive Review awards from 2020 through 2025). SIGMA also operates SIGMA Venture Partners, a venture capital arm investing in fast-growing, high-margin technology companies across HR, fintech, logistics, and SaaS, with two portfolio companies reaching valuations above $1 billion and combined exits valued at $353.03M in 2022 Q3.

Strategic partnerships with captive management firms USA Risk Group and XN Captive extend SIGMA's reach into the captive lifecycle, while co-investor relationships with Ribbit Capital, Salesforce Ventures, WestCap, Y-Combinator, and Techstars anchor the venture investing motion. Leadership transitioned in 2022 following the death of co-founder and CEO Timothy Coomer, with Al Rhodes continuing as President & Senior Actuary, supported by senior actuaries Michelle Bradley and Enoch Starnes. The firm celebrated its 30-year anniversary in 2025 and relocated to a larger Brentwood headquarters to accommodate its growing team.

Name

SIGMA Venture Partners

Legal name

SIGMA Actuarial Consulting Group, Inc.

Website

https://sigmaactuary.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

SIGMA Actuarial Consulting Group is a 30-year P&C actuarial firm providing loss projections, reserve analysis, and captive feasibility studies to risk managers, brokers, and CFOs. It offers the RISK66 SaaS platform and operates SIGMA Venture Partners, a technology-focused investment arm.

Ownership category

akta.pro rank

Product category

Actuarial Consulting

NAICS

Management Consulting Services (54161)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

akta.pro secondary industries

Enterprise Risk Management (ERM) Advisory (BPAHAFAA), Reinsurance Capital & Solvency Analytics (e.g., RBC/Solvency II) (FSAOAIAG)

Keywords

• Actuarial consulting services
• Loss projection analytics
• Captive feasibility studies
• Risk management software
• Reserve analysis tools

Headquarters

HQ city

Brentwood

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

Revenue model

1. Actuarial Consulting Services: Professional actuarial consulting including loss projections, reserve analysis, captive feasibility studies, collateral analysis, and risk management advisory services for companies with large deductible or self-insured programs
2. RISK66 Software Licensing: Annual subscription licensing for RISK66 analytical platform with tiered options from individual to corporate, including Loss Forecaster, LORAN, assessment tools, and training resources

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

SIGMA delivers professional actuarial consulting services and the proprietary web-based analytics platform RISK66® for property & casualty insurance. Consulting services include loss projections, reserve analyses, captive feasibility studies, collateral analysis, and risk management advisory. The RISK66 software provides self-service tools for loss forecasting (Loss Forecaster), loss run analytics (LORAN), assessment tools, and educational resources, available via tiered annual subscriptions from individual to corporate users.

Product overview

SIGMA Actuarial Consulting Group operates as a property & casualty actuarial firm offering both consulting services and proprietary software products. The core product is RISK66, an analytical SaaS platform that bundles Loss Forecaster (loss projection and reserve analysis tool), LORAN (loss run analytics), training videos, assessment tools, and resource libraries. RISK66 is complemented by professional actuarial consulting services and an educational resource portal. The company also operates SIGMA Venture Partners, a venture capital arm that invests in technology companies. The product architecture follows a platform-plus-services model where RISK66 serves as the primary software platform available via subscription tiers, supported by consulting engagements and educational content.

Differentiator

Problem solved

Functional benefit

Brands

• RISK66®: SIGMA's analytical toolkit providing loss forecasting, loss run analytics (LORAN), training videos, and assessment tools for risk management professionals.

Products and services

• RISK66® RISK66 is SIGMA's proprietary web-based analytical toolkit for actuarial analysis, providing self-service loss projection, reserve analysis, and loss run analytics. Includes Loss Forecaster, LORAN, assessment tools, training videos, and a resource library. Available via tiered annual subscription: Single ($3,000/year), Group ($6,000/year for up to 4 users), Expanded Group ($12,000/year for up to 10 users), and Corporate (unlimited, custom pricing).
• Actuarial Consulting Services Professional actuarial consulting services including loss projections, reserve analysis, captive feasibility studies, confidence intervals, loss payout schedules, and analyses for workers compensation, automobile liability, general liability, and healthcare professional liability. Delivered through direct engagement with credentialed actuaries.
• SIGMA Venture Partners Venture capital arm of SIGMA Actuarial that seeds fast-growing, high-margin, scalable technology companies with long-term investments. Provides 25+ years of company-building institutional knowledge and software expertise. Portfolio includes companies such as ROOM, Runa, ZenSports, Flyr Labs, SkyKick, and Uplinq.

Quantifiable outcome

• 25+ years helping producers, risk managers, and captive insurance companies improve decision making
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered notable.

• USA Risk GroupnotableStrategic or Co-development PartnerIndependent captive manager providing risk management solutions. Works with SIGMA on captive feasibility studies and ongoing management for mutual clients.
• XN CaptivenotableStrategic or Co-development PartnerCaptive management firm offering planning, formation, and management services. Features SIGMA actuarial services in their captive lifecycle support offerings.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Milliman: Milliman is one of the largest global actuarial consulting firms, providing property & casualty actuarial services including loss projections, reserve analysis, and captive feasibility studies — directly overlapping SIGMA's core consulting offering at greater scale.
• Perr&Knight: Perr&Knight provides actuarial consulting and insurance analytics solutions to property & casualty insurers, captives, and self-insureds — directly comparable to SIGMA's customer base and service portfolio.
• Pinnacle Actuarial Resources: Pinnacle is an independent actuarial consulting firm specializing in property & casualty insurance, offering loss reserving, rate-making, and captive insurance services — closely matching SIGMA's specialty consulting focus.
• Oliver Wyman: Oliver Wyman's Actuarial Practice provides P&C reserving, pricing, and risk analytics to insurers and captives globally; an established actuarial consulting competitor with broader service breadth than SIGMA.
• Strategic Risk Solutions (SRS): SRS is an independent captive management firm providing feasibility studies, formation, and ongoing management, frequently partnering with or competing against SIGMA's captive actuarial practice.

Broad incumbents

• Verisk Analytics: Verisk provides data analytics and predictive modeling for the insurance industry, including loss analytics and reserve estimation tools — an analytics-platform incumbent overlapping with RISK66's loss forecasting capability.
• Willis Towers Watson (WTW): WTW provides insurance consulting, actuarial, and risk analytics services alongside brokerage and human capital solutions — a broad incumbent with significant P&C actuarial overlap with SIGMA's consulting and risk advisory work.
• Guy Carpenter: Guy Carpenter provides reinsurance brokerage and analytics services to insurance and captive clients, including actuarial modeling — a broad incumbent overlapping with SIGMA's reserve and reinsurance analytics work.
• Aon: Aon operates a global actuarial and risk consulting practice through Aon Risk Solutions and Aon's captive management arm, competing with SIGMA in captive feasibility and reserve analysis at much larger scale.
• Marsh Captive Solutions: Marsh's Captive Solutions practice is the largest captive management operation globally, providing feasibility and actuarial-adjacent services; SIGMA frequently partners with such firms (e.g., USA Risk Group) and competes for the same captive engagements.

Market position

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/_JacksonRhodes_
• YouTubeyoutube.com/watch?v=MM2_RaXB5zk
• Facebookfacebook.com/SIGMAactuary
• LinkedInlinkedin.com/company/sigma-actuarial-consulting-group-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SIGMA Venture Partners