Specialist Risk Insurance Solutions

What Specialist Risk Insurance Solutions does

Specialist Risk Insurance Solutions Limited, trading as Specialist Risk Group, is a UK-based specialist insurance broker with heritage dating to 1925 and headquarters in the City of London. The firm arranges bespoke insurance programmes for UK businesses with complex or difficult-to-place risk profiles and for high-net-worth private clients, spanning more than 40 product lines across commercial liability, property, motor fleet, cyber, construction and demolition, insolvency practitioner covers, trade credit, management liability, and personal lines for high-value homes and collections. The business is FCA-authorised and regulated (FRN: 473138), holds Chartered Insurance Broker status, and operates a wholly-owned subsidiary, Miles Smith Limited.

The company differentiates through specialist vertical teams (construction, builders merchants, insolvency, trade credit, private clients, legal indemnity) and an in-house claims management function. Its proprietary BCARM (Business Continuity and Risk Management) platform provides cloud-based modules covering business continuity, health and safety, environmental management, eLearning, and legal/employment support. The firm holds an exclusive delegated authority capacity agreement with MS Amlin for insolvency bonds and Open Cover, and has approved-partner status with multiple UK trade federations including BMF, Construct, ARCA, IAA, LCCI, and the Federation of Master Builders.

Revenue is generated through insurance brokerage commissions on premiums placed across the firm, with bespoke quote-based pricing tied to individual risk profiles. Distribution is direct, via phone (020 7977 4800), email, and website callback requests, supported by content marketing and webinars. The group serves over 120,000 customers cumulatively, with a longest-standing client relationship exceeding 30 years, and reports a largest single claim settlement of £15.5 million. Operating exclusively in the United Kingdom, the firm is privately held with no disclosed parent company or external institutional investor.

Name

Specialist Risk Insurance Solutions

Legal name

Specialist Risk Insurance Solutions Limited

Website

https://srinsurancesolutions.co.uk

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

51–100 employees

Short description

Specialist Risk Insurance Solutions is a UK-based specialist insurance broker arranging bespoke commercial and private-client insurance programmes across 40+ product lines, with FCA regulation, Chartered Broker status, and heritage dating to 1925.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: The company operates as an insurance broker, arranging bespoke insurance programmes for businesses and private clients. Revenue is generated through commissions from insurers for placing business, with fees based on premiums arranged for clients across complex commercial and personal lines coverage.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Specialist Risk Insurance Solutions is a UK specialist insurance broker arranging bespoke insurance programmes for businesses with complex insurance requirements and for high-net-worth private clients. The company places coverage with insurers across 900+ commercial markets, provides in-house claims management, and operates the BCARM (Business Continuity and Risk Management) cloud platform offering risk management modules covering business continuity, health and safety, environmental, eLearning, and legal/employment support.

Product overview

Specialist Risk Insurance Solutions operates as a specialist insurance broker offering a comprehensive portfolio of insurance products and risk management services. The core offerings include Business Insurance for companies with complex requirements, Private Clients coverage for high-value individuals, and Claims Management services. The company's flagship risk management platform, BCARM (Business Continuity and Risk Management), provides cloud-based modules for business continuity, health and safety, environmental management, eLearning, and legal/employment support. The product portfolio spans over 40 distinct insurance covers including Commercial (Employers' Liability, Public Liability, Professional Indemnity, Cyber, Crime, Motor Fleet, Goods in Transit), Sector-Specific (Construction and Demolition, Insolvency Practitioners, Medical Malpractice, Trade Credit), Property (Buildings, Contents, Property Owners' Combined, Landlord's Contents), Specialty (Terrorism, Product Recall, Marine Cargo, Legal Indemnity, Latent Defects), Employee Benefits (Group PMI, Personal Accident, Directors' and Officers', Management Liability, Employment Practices Liability), and ancillary services (Health and Safety Training, eLearning, Onsite Risk Consultancy). The company serves UK businesses and private clients through its network of insurer partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Miles Smith: Formerly Miles Smith Insurance Solutions, now operating as Specialist Risk Group company

Products and services

• Business Insurance Bespoke insurance programmes for UK businesses with complex insurance requirements across multiple industry sectors including industry-specific covers, risk management, and third-party services.
• Private Clients Insurance Insurance protection for high-value homes, estates, luxury fashion, jewellery, fine art, and personal assets for private individuals and families.
• Claims Management In-house claims team providing claims management expertise allowing clients to focus on running their business. Largest claim settled at £15.5M.
• BCARM (Business Continuity and Risk Management) Cloud-based risk management system delivering business continuity management, health and safety management, environmental, eLearning, and legal and employment support modules with full client administration and reporting.
• Insolvency Practitioners Insurance Comprehensive insurance for insolvency practitioners including Open Cover, Bonds, Property Portfolios, and Bankruptcy cover with exclusive capacity through MS Amlin.
• Trade Credit Insurance Protection against customer insolvency and bad debts for businesses supplying goods or services on credit terms, covering multi-buyer, single customer, and named customer options.
• Construction and Demolition Insurance Specialist insurance programmes for construction and demolition businesses including civil engineers, contractors, roofers, scaffolders, and demolition specialists.
• Group Private Medical Insurance Private medical insurance providing employees access to private healthcare, faster diagnosis, and treatment as an employee benefit with in-patient, out-patient, cancer cover, mental health support, and virtual GP services.

Quantifiable outcome

• Largest claim settled: £15.5M
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered core and minor.

• MS AmlincoreTechnology or IntegrationExclusive insurance capacity partnership on a guaranteed long-term agreement for both Bonds and Open Cover products for insolvency practitioners. Capacity provided on a full delegated authority basis enabling quick turnaround times and flexible service.
• LytxcoreTechnology or IntegrationPartnership for First Notification of Risk technology from Lytx to help customers combat claims inflation, particularly for motor fleet clients.
• BMF (Builders Merchants Federation)minorChannel Partner/ Reseller/ DistributorTrusted partner and approved by BMF for serving builders merchants sector.
• ConstructminorChannel Partner/ Reseller/ DistributorApproved partner of Construct (Confederation of Construction Specialists) for construction sector insurance services.
• ARCAminorChannel Partner/ Reseller/ DistributorTrusted partner of ARCA (Association of Repair and Construction Lenders) for insurance services to members.
• IAA (Institute of Architectural Ironmongers)minorChannel Partner/ Reseller/ DistributorTrusted partner of IAA for insurance services to members.
• LCCI (London Chamber of Commerce and Industry)minorChannel Partner/ Reseller/ DistributorTrusted partner of LCCI for insurance and risk management services to members.
• Co-op InsuranceminorChannel Partner/ Reseller/ DistributorTrusted partner relationship with Co-op Insurance for insurance services.
• The Fed (Federation of Master Builders)minorChannel Partner/ Reseller/ DistributorTrusted partner of The Federation of Master Builders for insurance services to members.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/specialist-risk-insurance-solutions-ltd
• Xx.com/SpecialistRIS

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 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 Specialist Risk Insurance Solutions