Insurance Program Management Group(IPMG)

Name

Insurance Program Management Group(IPMG)

Legal name

Insurance Program Managers Group, LLC

Website

https://ipmg.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

St. Charles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Program Management Services: IPMG generates revenue through development and administration of industry-specific insurance programs including property and casualty, workers' compensation, professional liability, and employee benefits programs for pools, captives, and risk retention groups.
2. Wholesale Brokerage Services: Wholesale brokerage services providing access to a network of industry-leading carriers for workers' compensation coverage, earning commissions or fees on placed policies.
3. Claims Management Services: In-house claims administration services handling workers' compensation, property, and liability claims with technology-driven efficiency.
4. Risk Management Services: Risk management consulting including law enforcement liability, auto liability, property protection, and workers' compensation cost containment.
5. Nurse Case Management Services: Nurse case management for complex healthcare situations including triage, full case management, disability case management, and leave administration.
6. Absence Management Services: Comprehensive absence management solutions including leave administration, compliance review, and clinical case management.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

IPMG develops and administers industry-specific insurance programs including property and casualty, workers' compensation, professional liability, and employee benefits for pools, captives, and risk retention groups. It provides third-party claims administration, risk management, nurse case management, absence management, wholesale brokerage, and special investigation services to public entities, independent agents, and brokers, leveraging in-house adjusters and supporting client portals for delivery.

Product overview

IPMG offers a comprehensive insurance program management platform with in-house services and managed programs. The core services include Program Management (industry-specific program development and administration), Claims Management (in-house third-party administration for workers compensation, property, and liability), Risk Management, Nurse Case Management, Absence Management, Wholesale Brokerage, Special Investigation Services, and Employee Benefits. These services are delivered through multiple managed programs including ICRMT (public entities), Trinity Risk Solutions (risk retention group), NY Healthcare RRG (healthcare liability), and SSCIP (social service contractors workers compensation). IPMG also provides client portals including In-Sight Online for brokerage and absence management, and Origami for claims and policies access.

Differentiator

Problem solved

Functional benefit

Products and services

• Program Management Development and administration of industry-specific insurance programs including property and casualty, workers' compensation, professional liability, and employee benefits for pools, captives, and risk retention groups serving public entities and specialty markets.
• Claims Management (Third-Party Administration) Third-party claims administration with in-house adjusters handling workers' compensation, property, and liability claims supported by industry-leading technology for prompt and precise processing.
• Risk Management Tailored risk management solutions covering law enforcement liability, auto liability, property protection, workers' compensation cost containment, and critical incident support.
• Nurse Case Management Nurse case management services providing compassionate care and optimal outcomes for individuals navigating complex healthcare situations, including triage, full case management, disability case management, IME coordination, and leave administration.
• Absence Management Comprehensive absence management solutions including 24/7 absence reporting, FMLA administration, compliance review, short-term disability, return-to-work programs, and clinical case management.
• Wholesale Brokerage Wholesale insurance brokerage providing solutions for hard-to-write workers' compensation risks with access to an extensive network of industry-leading carriers, serving independent agents and brokers seeking quick turnaround and specialized placement.
• Special Investigation Services Investigation services for suspected fraud including workers' compensation and liability claim fraud, FMLA fraud, background screening, undercover surveillance, and forensic financial investigations.
• Employee Benefits Services Employee benefits administration services complementing the insurance program offerings, added to the company in 2009.
• ICRMT (Illinois Counties Risk Management Trust) Managed Program Managed insurance program for Illinois counties and other public entities providing comprehensive risk management and claims administration services through a shared pool structure.
• Trinity Risk Solutions, RRG Managed Program Risk retention group providing insurance solutions for members with shared risk and vested interest in program success, serving specialized market needs.
• NY Healthcare RRG Managed Program New York Healthcare Insurance Company Risk Retention Group providing liability insurance for long-term care organizations, with members becoming owners through capitalization requirements and coverage limits of $1,000,000 per occurrence and $3,000,000 annual aggregate, reinsured by AmTrust.
• Social Service Contractors Indemnity Pool (SSCIP) Arizona-based partnership delivering tailored workers' compensation coverage for social service contractors in Arizona and surrounding regions with complex or unique risk profiles.

Quantifiable outcome

• 97% annual client retention rate for core services clients
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and key.

• ICRMT (Illinois Counties Risk Management Trust)coreStrategic or Co-development PartnerIPMG manages and administers ICRMT, an insurance pool for Illinois counties, providing comprehensive risk management and claims administration services to member public entities.
• Trinity Risk Solutions, RRGcoreStrategic or Co-development PartnerIPMG provides program management services for Trinity Risk Solutions Risk Retention Group, a managed insurance program serving specialized market needs.
• NY Healthcare RRG (New York Healthcare Insurance Company Risk Retention Group)coreStrategic or Co-development PartnerIPMG administers the NY Healthcare RRG providing liability insurance solutions to long-term care organizations. The program is reinsured by AmTrust with per occurrence limits of $1,000,000 and $3,000,000 annual aggregate.
• Social Service Contractors Indemnity Pool (SSCIP)coreStrategic or Co-development PartnerIPMG partners with SSCIP to deliver specialized workers' compensation solutions for social service contractors in Arizona and surrounding regions. IPMG provides access to their service platform including claims management and risk solutions.
• AmTrust Financial (Reinsurer)keyOthersAmTrust, an A-, XV rated carrier, provides reinsurance for the NY Healthcare RRG program, ensuring financial stability and capacity for the liability coverage provided to members.
• Carrier Network (Wholesale Brokerage)coreChannel Partner/ Reseller/ DistributorIPMG maintains relationships with a comprehensive network of industry-leading carriers to address challenging workers' compensation risks for independent agents and brokers. Carriers include various surplus lines and standard market insurers.

Scale indicators5 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• York Risk Services Group: Third-party administrator specializing in workers' compensation, property/casualty, and liability claims management for insurers, agents, and self-insureds. Highly comparable to IPMG's claims management and program administration business, particularly in workers' comp; now operates under Sedgwick following acquisition.
• CorVel Corporation: National workers' compensation TPA and managed-care services provider offering claims administration, case management, and risk management. Directly comparable to IPMG's combined claims, nurse case management, and risk management service lines.
• TRISTAR Insurance Group: Program administrator and managing general agent building specialty insurance programs across workers' comp, commercial auto, and other lines. Comparable to IPMG's program management and managed-program chassis (RRGs and pools).
• Amwins Group: Largest specialty wholesale insurance distributor and program administrator in the U.S. Direct comparable to IPMG's wholesale brokerage business for workers' comp and hard-to-place risks, though significantly larger in scale.
• Risk Placement Services (RPS): Wholesale brokerage and managing general underwriter distributing specialty insurance products through independent agents. Comparable to IPMG's wholesale brokerage distribution model and agent-channel GTM motion.
• Helmsman Management Services: Liberty Mutual-owned third-party claims administrator focused on workers' compensation, property, and liability claims. Closely comparable to IPMG's third-party claims administration services and integrated program model.
• Meadowbrook Insurance Group (Star Casualty): Program administrator and specialty workers' comp carrier developing, underwriting, and managing niche insurance programs for public entities and specialty associations. Closely comparable to IPMG's specialty program administration and public-entity focus.

Broad incumbents

• Sedgwick: Largest North American TPA offering claims management, managed care, and risk services across workers' comp, property, liability, and disability. Operates as a broad incumbent providing overlapping capabilities to IPMG's claims and risk management services at materially larger scale.
• Crawford & Company: Global claims management and adjusting firm serving insurance carriers and self-insureds with broad TPA capabilities. Overlaps with IPMG's claims administration and special investigation services but at significantly broader geographic and product scope.
• Gallagher Bassett Services: TPA division of Arthur J. Gallagher providing workers' comp, property/casualty, and liability claims administration nationally. Direct overlap with IPMG's claims management business, with the strategic backing of a global broker parent.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

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 Insurance Program Management Group(IPMG)