AccuRisk

What AccuRisk does

AccuRisk Solutions LLC is a Managing General Underwriter (MGU) founded in 2017 by Dan Boisvert, specializing in medical stop loss insurance and reinsurance placement for self-funded employer health plans. Since 2023, AccuRisk has operated as a wholly-owned subsidiary of Ryan Specialty, LLC and the lead legal entity under the Ryan Specialty Benefits (RSB) division, alongside Case Management Specialists LLC, Matrix Group Benefits LLC, and Matrix Risk Management Services LLC. The company is headquartered in Chicago and operates as part of a broader U.S. specialty insurance services platform.

The RSB/AccuRisk product portfolio spans the full specialty employee benefits stack, including stop loss (MGU), captive programs (single parent and group), turnkey integrated health solutions, TPA services, pharmacy benefit management, network and reference-based pricing, ancillary benefits (dental, vision, life, disability, absence), level-funded solutions, and cost containment services such as bill negotiations, fraud monitoring, and complex claim intervention. The core technology centers on a proprietary underwriting workflow that delivers a 1-5 risk assessment score, illustrative rates, plan designs, and product mix within 48 hours, plus 24-hour quote capability for stop loss and integrated health solutions.

AccuRisk/RSB operates a B2B2B go-to-market model, distributing through retail brokers and consultants that in turn serve employers across the small/mid-sized employer (SME) segment and large/global enterprise segment. Revenue is generated through underwriting commissions, fees, and insurance product distribution tied to recurring self-funded employer benefit plans. The firm supports broker partners with RFP execution, sales professionals, training, co-branded marketing materials, data analytics, and report generation, while an in-house team of 150+ industry experts — underwriters, actuaries, clinicians, pharmacy specialists, RFP specialists, and claims personnel — underwrites, services, and contains costs on the book.

Name

AccuRisk

Legal name

AccuRisk Solutions LLC

Website

https://accurisksolutions.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

AccuRisk Solutions LLC, operating as Ryan Specialty Benefits, is a U.S. specialty employee benefits MGU providing stop loss, captive programs, integrated health, TPA, and pharmacy solutions to retail brokers and consultants serving self-funded employer clients.

Ownership category

akta.pro rank

Product category

Medical Stop Loss Insurance Underwriting

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Health and Welfare Funds (525120), Insurance and Employee Benefit Funds (5251)

SIC

Insurance Agents, Brokers & Service (6411), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Self-Funded (ASO) Group Health Plans & Stop-Loss (FSAIAFAB), Claims Management & Digital FNOL Platforms (FSAGAGAC)

Keywords

• Medical stop loss
• Captive insurance programs
• Self-funded health plans
• Third party administration
• Employee benefits consulting

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Stop Loss Insurance Products: AccuRisk Solutions operates as a Managing General Underwriter (MGU) providing medical stop loss coverage for self-funded employer plans. Revenue is generated through underwriting and insurance product distribution.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

AccuRisk Solutions operates as a Managing General Underwriter (MGU) providing medical stop loss insurance placement, single parent and group captive programs, and turnkey integrated health solutions for self-funded employer plans. The offering is complemented by third-party administration (TPA), pharmacy benefit management, reference-based pricing, ancillary benefits (dental, vision, life, disability), and cost containment services, distributed primarily through retail brokers and consultants.

Product overview

Ryan Specialty Benefits, which includes AccuRisk Solutions LLC as a legal entity, operates as a specialty employee benefits solutions provider offering an integrated platform of self-funded insurance and benefits administration services. The product portfolio centers on stop loss insurance, captive programs, and turnkey integrated health solutions complemented by third-party administration, pharmacy benefit management, network/Reference-Based Pricing solutions, and ancillary benefits including dental, vision, life, disability, and absence management. Advisory solutions include care management programs, pharmacy consulting, complex claim intervention, and cost containment services. The architecture is structured as a modular offering where employers can select individual products or bundled integrated solutions, with in-house actuarial, underwriting, clinical, and pharmacy teams supporting the platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Stop Loss (MGA/MGU) Medical stop loss insurance placement services for self-funded employer groups, providing coverage for catastrophic claims exceeding predetermined thresholds. Delivered as a Managing General Underwriter (MGU) offering with 48-hour underwriting score turnaround.
• Captive, Single Parent & Group Group benefit captive programs including single parent captive structures for employers seeking to self-insure while managing risk through controlled pooling arrangements.
• Turnkey Integrated Health Solutions

Quantifiable outcome

• Hundred million+ cost savings generated for plan sponsors through cost containment and complex claims management
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Ryan Specialty, LLCcoreStrategic or Co-development Partner · 1 January 2023Ryan Specialty acquired AccuRisk Solutions in 2023, making it a subsidiary entity under Ryan Specialty Benefits division. Dan Boisvert, founder of AccuRisk Solutions, joined as Office President following the acquisition. The partnership combines AccuRisk's stop loss and captive program expertise with Ryan Specialty's broader benefits platform.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• HM Insurance Group: HM Insurance Group is a direct stop loss carrier and MGU writing medical stop loss coverage for self-funded employer groups. Highly comparable to AccuRisk's core stop loss underwriting and distribution model through brokers and consultants.
• Symetra Life Insurance Company: Symetra is a leading stop loss carrier serving self-funded employers through brokers, with a strong focus on the small and mid-size employer market. Directly comparable to AccuRisk on product, target customer, and distribution channel.

Broad incumbents

• Sun Life Financial: Sun Life U.S. is one of the largest stop loss and group benefits providers serving employers through brokers. Multiple AccuRisk leaders (e.g., Angela Maggi, Terry Madge, Jason Lankford, Dave Przesiek) came from Sun Life, making it a directly comparable product and distribution peer.
• Voya Financial: Voya's Health Solutions business offers stop loss coverage along with group health, disability and voluntary benefits distributed through brokers. Comparable to AccuRisk's stop loss + ancillary benefits stack sold through retail brokers.
• Cigna Group: Cigna's health and benefits business provides stop loss, group health, PBM and ancillary products to employers and brokers. Comparable to AccuRisk across stop loss, pharmacy, and integrated health solutions, though at much larger scale and as a direct carrier.
• UnitedHealth Group (Optum): UnitedHealth/Optum offers integrated health benefits, stop loss, PBM and care management to employers and brokers, including through third-party administration. Comparable to AccuRisk's integrated health solutions and TPA stack at vastly greater scale.
• Lockton Companies: Lockton is one of the largest independent insurance brokerages, including a major employee benefits practice serving self-funded employers. Jeff Miller, Office President at Ryan Specialty Benefits, was previously EVP at Lockton Dunning, indicating direct comparability on benefits distribution.
• Amwins Group: Amwins is a major specialty insurance MGA and wholesaler distributing employee benefits and stop loss solutions through brokers. Comparable to AccuRisk as a specialty MGU/MGA leveraging broker distribution, though with broader specialty lines.
• CVS Health (Aetna): CVS Health/Aetna offers integrated health benefits, PBM (Caremark), and stop loss-adjacent services for self-funded employers. Comparable to AccuRisk on integrated health and pharmacy, though at vastly larger scale and as a direct carrier/PBM.

Others

• Aon plc: Aon's Health Solutions business is a large benefits consulting and brokerage operation. Ryan Specialty Benefits President John Zern previously led Aon's Global Health Solutions, indicating direct adjacency in serving large employer health and benefit strategies.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ryan-specialty-benefits

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A1 record

Investments1 record

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

Frequently asked questions about AccuRisk