Alan Gray
Alan Gray is a Boston-based professional services firm that provides claims auditing, forensic accounting, reinsurance, legal expense management, quantitative analytics, and back-office services to insurance and reinsurance entities, MGAs, TPAs, captives, and public entities, and operates the SIMS e-billing platform.
- Company typePrivate
- Founded1988
- HeadquartersBoston, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Alan Gray does
Alan Gray LLC is a Boston-headquartered professional services firm founded in 1988 that delivers claims auditing, forensic accounting, reinsurance audit, legal expense management, quantitative analytics, MGA/TPA audit, specialty TPA claims, back-office accounting, and estate liquidation services to insurance and reinsurance entities, MGAs, TPAs, captives, brokers, public risk pools, and self-insured Fortune 500 organizations. The firm has been a subsidiary of Premia Holdings since 2018 and wholly owns A.G. Risk Management Inc. (AGRM, acquired 2021 from Armour Risk Management), which extends its reinsurance claims administration capability into London alongside offices in Boston, Quincy, Philadelphia, Bermuda, and Antwerp.
The core technology build is the proprietary SIMS (Smart Invoice Management System) e-billing platform, a web-based solution that integrates with matter management and accounts payable systems to perform invoice compliance review, collaborative appeal processing, rate setting using comparable metrics, case budget monitoring, and analytics, with cited average legal cost savings of 6-15%. A separate Quantitative Services stack provides data extraction, allocation modeling for mass tort and reinsurance recovery, decision tree sensitivity analysis, and exposure analysis for asbestos, hazardous waste, and similar long-tail claims. The Back Office Services offering wraps operational accounting, statutory/GAAP reporting, investment accounting, actuarial services, and regulatory compliance around ongoing and legacy books of P&C insurance business.
Alan Gray monetizes through custom, quote-based professional services engagements billed under multi-year contracts, with no publicly disclosed pricing tiers. Go-to-market is direct enterprise engagement (industry referrals, reputation, and conference presence) rather than channel or self-serve distribution. Customer evidence spans named engagements across major P&C carriers, MGAs, captives, global reinsurers, public entities, and financial services firms, with quantified outcomes including $25M+ in reserve reductions, $100M+ in identified misappropriation, and $2.5M in annual administration cost savings. Two bolt-on acquisitions (Armour Risk Management/AGRM in 2021 and Legal Cost Control on 2022-09-08) and the 2025 ECRA/CMC successor pool manager appointment illustrate continued inorganic and mandate-based growth.
Alan Gray firmographics
Firmographics- Name
- Alan Gray
- Legal name
- Alan Gray LLC
- Website
- https://alangray.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Alan Gray is a Boston-based professional services firm that provides claims auditing, forensic accounting, reinsurance, legal expense management, quantitative analytics, and back-office services to insurance and reinsurance entities, MGAs, TPAs, captives, and public entities, and operates the SIMS e-billing platform.
- Ownership category
- akta.pro rank
Alan Gray industry classification
Industry- Product category
- Insurance Claims Auditing & Advisory
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Legal Services (5411)
- SIC
- Services-Engineering, Accounting, Research, Management (8700), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Claims Advocacy & Loss Recovery Services (FSAEADAH)
- akta.pro secondary industry
- Third-Party Administrator (TPA) & Program Administrator Services (FSAJALAF)
Keywords
Where Alan Gray is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Alan Gray business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Professional Services - Claims Auditing: Core consulting services providing claims auditing across all Property & Casualty lines including environmental, mass tort, product liability, auto, construction defect, workers' compensation, healthcare, professional liability, and commercial property. Services are delivered by auditors averaging over 25 years of experience.
- Forensic Accounting Services: Supporting insurance companies, attorneys, third-party administrators, and businesses for over 20 years in evaluating business losses from business interruption, fraud, theft, weather, fire, misuse, or financial misstatement claims.
- Reinsurance Services: Comprehensive reinsurance audit services including due diligence support, Schedule F preparation, reinsurance billings and collections, best practice operational reviews, commutation pricing and settlement discussions, arbitration and litigation support, and reinsurance accounting.
- Legal Expense Management: Invoice analysis, reconciliation, and negotiation services across various industry sectors, performed by fully qualified attorneys. Includes SIMS e-billing software licensing and support.
- Third-Party Administrator (TPA) Services: Expert claims management, administration, and processing services for various liabilities on national and international levels, specializing in HPL claims and Workers' Compensation.
- Back Office and Accounting Services: Full range of accounting and reporting services to companies in the Property and Casualty space, both for ongoing and legacy books of business, including operational accounting, statutory reporting, GAAP reporting, investment accounting, actuarial services, reinsurance services, and regulatory compliance.
- Estate Liquidation Services: Specialized administration services for entities in liquidation, including proof of claim administration, actuarial services, reinsurance, accounting & finance, and management of staffing & finance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Professional Services Engagements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Alan Gray product offering
Product offeringCore offering
Alan Gray is a claims audit and advisory firm serving the insurance and reinsurance industries. It delivers claims auditing, forensic accounting, reinsurance services, legal expense management, quantitative analytics, MGA/TPA audits, specialty TPA claims handling, estate liquidation, and back-office accounting services to carriers, reinsurers, MGAs, TPAs, captives, law firms, and public entities. Its proprietary SIMS e-billing platform supports legal cost management with measurable cost savings.
Product overview
Alan Gray is a risk and claims advisory firm offering a comprehensive suite of professional services for the insurance and reinsurance industries. The company's portfolio includes Claims Auditing, Forensic Accounting, Quantitative Services, Legal Expense Management (including SIMS E-Billing Solution), Reinsurance Services, MGA/TPA Audit Services, Specialty TPA Claims Management, Estate Liquidation Services, and Back Office Services. The flagship technology product is SIMS (Smart Invoice Management System), a web-based e-billing solution that integrates with matter management and accounts payable systems. The subsidiary A.G. Risk Management (AGRM) provides specialized run-off and reinsurance claims administration services.
Differentiator
Problem solved
Functional benefit
Brands
- SIMS (Smart Invoice Management System): Web-based e-billing solution for legal invoice processing and approval, ensuring compliance with billing guidelines while providing robust data collection and analytics
Products and services
- Claims Auditing
Quantifiable outcome
- 6-15% average legal cost savings through SIMS e-billing solution
- +6 more outcomes
Companies that use Alan Gray
Customer profileNamed customers31 records
Segments9 records
Ideal customer profiles5 records
Alan Gray technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Alan Gray partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major, minor and core.
- Excess and Casualty Reinsurance Association (ECRA)majorAlan Gray was appointed successor pool manager for ECRA reinsurance pool, which underwrote reinsurance business from 1950 to 1982. The portfolio includes significant long-tail asbestos, pollution, and health hazard exposures. Alan Gray will perform claim administration, financial coordination, and data management services.
- Carpenter Management Corporation (CMC)majorAlan Gray was appointed successor pool manager for CMC reinsurance pool, which underwrote reinsurance business from 1966 to 1982. The portfolio includes significant long-tail asbestos, pollution, and health hazard exposures. Alan Gray will perform claim administration, financial coordination, and data management services.
- Excess & Treaty Management Corporation (ETMC)minorETMC was the previous administrator of ECRA and CMC reinsurance pools under a run-off agreement in place since 1982. ETMC terminated services and exited active management in 2024, leading to Alan Gray's selection as successor pool manager.
- A.G. Risk Management Inc. (formerly Armour Risk Management Inc.)coreAlan Gray acquired Armour Risk Management Inc. in 2021, rebranded as A.G. Risk Management Inc. (AGRM). The acquisition expanded Alan Gray's team and services, enabling reach to new areas including London. AGRM provides reinsurance claims management, billing and collections, and accounting support including statutory statements.
Scale indicators19 records
Recent moves7 records
Expansion highlights6 records
Alan Gray competitors and assessment
Company assessmentBroad incumbents
- EY (Insurance Advisory): Big 4 firm with significant insurance industry advisory including actuarial, claims transformation, and forensic/investigations services. Broad incumbent competitor to Alan Gray for insurance audit, forensic accounting, and complex claims advisory engagements.
- Deloitte (Insurance Practice): Big 4 firm with large insurance consulting and advisory practice covering claims transformation, actuarial, risk, and forensic services. Competes with Alan Gray on large carrier mandates and brings broader transformation capability that pressures boutique specialists on price.
- Aon (Claims & Risk Advisory): Global professional services firm with major insurance brokerage, claims, and risk advisory practices serving P&C carriers and reinsurers. Competes with Alan Gray in claims consulting and reinsurance services through its broader advisory platform.
Direct peers
- McLarens: Global claims services provider offering loss adjusting, claims management, and TPA services to insurance and reinsurance clients. Direct competitor in claims auditing, complex/long-tail claims handling, and TPA administration across P&C lines.
- Davies Group: UK-headquartered professional services firm providing claims management, audit, and consulting to insurers and reinsurers. Direct competitor in claims auditing, reinsurance services, and legal expense management with strong overlap in long-tail liability and run-off work.
- Genpact: Global professional services and digital transformation firm with deep insurance industry practice covering claims, underwriting, and finance/accounting BPO. Overlaps with Alan Gray's back-office accounting and claims support offerings for P&C carriers, albeit at significantly greater scale.
- Sedgwick: Leading global claims management, loss adjusting, and managed care provider serving insurance carriers, employers, and public entities. Direct competitor in TPA claims administration and broader claims advisory services for P&C lines.
- Crawford & Company: Global claims management and adjusting firm serving P&C insurers, reinsurers, and self-insureds with claims handling, TPA, and loss adjusting services. Direct overlap with Alan Gray's claims auditing, TPA, and forensic accounting practices, particularly in long-tail liability and complex claims.
- EXL Service: Operations management and analytics company with a sizable insurance services practice spanning claims, underwriting, and actuarial support. Comparable to Alan Gray in back-office accounting and TPA-adjacent services for P&C insurers, though at much larger scale.
Emerging players
- Epiq: Specialized legal and insurance services firm providing claims management, legal spend management, and class action administration. Comparable to Alan Gray in legal expense management and e-billing technology, with growing overlap in complex claims and run-off administration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Alan Gray social profiles
Digital presenceAlan Gray financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alan Gray leadership team
Management profileNumber of profiles
Profiles14 records
Alan Gray subsidiaries and ownership
Company hierarchySubsidiaries1 record
Alan Gray funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alan Gray M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alan Gray
What does Alan Gray do?
Alan Gray is a claims audit and advisory firm serving the insurance and reinsurance industries. It delivers claims auditing, forensic accounting, reinsurance services, legal expense management, quantitative analytics, MGA/TPA audits, specialty TPA claims handling, estate liquidation, and back-office accounting services to carriers, reinsurers, MGAs, TPAs, captives, law firms, and public entities. Its proprietary SIMS e-billing platform supports legal cost management with measurable cost savings.
Is Alan Gray a public or private company?
Alan Gray is a private company. It is classified as corporate owned and is currently operating.
When was Alan Gray founded?
Alan Gray was founded in 1988. It employs 101 to 250 people.
Where is Alan Gray based?
Alan Gray is headquartered in Boston, United States, in the North America region.
How does Alan Gray make money?
Seven revenue lines are on record. Professional Services - Claims Auditing is the primary driver. The others are forensic Accounting Services, reinsurance Services, legal Expense Management, third-Party Administrator (TPA) Services, back Office and Accounting Services and estate Liquidation Services.
Who are Alan Gray's main competitors?
Broad incumbents on record are EY (Insurance Advisory), Deloitte (Insurance Practice) and Aon (Claims & Risk Advisory). Direct peers are McLarens, Davies Group, Genpact, Sedgwick, Crawford & Company and EXL Service. Epiq is listed as an emerging player.
Does Alan Gray have an API?
No public API is recorded for Alan Gray.
What industry is Alan Gray in?
Alan Gray's product category is Insurance Claims Auditing & Advisory. Its primary akta.pro industry code is FSAEADAH, Claims Advocacy & Loss Recovery Services, with a secondary code of FSAJALAF, Third-Party Administrator (TPA) & Program Administrator Services. Its NAICS code is 5242 and its SIC code is 8700.