Lowry & Associates

What Lowry & Associates does

Lowry & Associates, Inc. is an independent third-party insurance auditing firm founded in 1989 in Draper, Utah by Fred Lowry Sr. The company provides premium audit and loss control / underwriting survey services to commercial P&C insurance carriers, Managing General Agents (MGAs), and their policyholders. Its premium audit services are delivered through four methods — physical (in-person), virtual, phone, and voluntary self-service — covering all 50 states via remote channels and 11 western US states via physical field auditors. Survey services follow a similar physical/remote/self-survey model, with in-person coverage in the same western states.

Name

Lowry & Associates

Legal name

Lowry & Associates, Inc.

Website

https://lowryinc.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Lowry & Associates is a US third-party insurance auditing firm that provides premium audit and loss control survey services to commercial P&C insurance carriers and MGAs via physical, virtual, phone, and voluntary methods, acquired by ReSource Pro in September 2024.

Ownership category

akta.pro rank

Headquarters

HQ city

Draper

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Premium Audit Services: Lowry & Associates generates revenue by providing premium audit services to insurance carriers. Physical audits are billed hourly, virtual audits at a reduced hourly rate compared to physical audits, and phone audits use flat rate pricing. The company serves as an independent third-party conducting audits to verify policyholder exposures and premium basis.
2. Loss Control Survey Services: Revenue generated from providing underwriting and loss control surveys for insurance carriers. Surveys include physical commercial surveys, residential surveys, phone surveys, and self-surveys conducted by policyholders with full review by Quality Assurance Team.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Lowry & Associates is an independent third-party firm that provides business insurance premium audit and loss control survey services to insurance carriers and MGAs across the United States. Services are delivered through multiple methods—physical, virtual, phone, and voluntary—covering all 50 states with a focus on accurate and timely audit reports.

Product overview

Lowry & Associates is an independent third-party insurance auditing firm that provides a unified suite of premium audit and survey services to insurance carriers. The company operates two core service lines: Premium Audit Services (physical, virtual, phone, and voluntary audit methods) and Survey Services (physical, remote, phone, and self-survey loss control inspections). These services are designed to work together as an integrated offering, allowing carriers to request the most appropriate audit or survey method based on policy type, geographic location, and carrier requirements. The company conducts phone and virtual audits nationwide while physical audits and surveys are concentrated in 11 western states. The company was acquired by ReSource Pro in September 2024.

Differentiator

Problem solved

Functional benefit

Products and services

• Premium Audit Services
• Survey Services
• Physical Audits
• Virtual Audits
• Phone Audits
• Voluntary Audits
• Physical Surveys
• Remote Surveys
• Loss Control Surveys

Quantifiable outcome

• 21 of 25 Top US P&C Insurance Companies served as clients
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ReSource ProcoreOthers · 3 September 2024ReSource Pro completed acquisition of Lowry & Associates, Inc. in September 2024. Lowry was acquired to enhance ReSource Pro's capabilities in the commercial P&C insurance market by adding premium audit and underwriting survey solutions. The acquisition integrates insurance knowledge, operational efficiency, and technology support for carriers and MGAs. Lowry now operates as part of ReSource Pro's portfolio of over 10,000 global employees serving over 1,800 clients.
• National Society of Insurance Premium Auditors (NSIPA)minorOthersIndustry association membership. Fred Lowry Jr. served as president of NSIPA and is recipient of NSIPA Lifetime Achievement Award, Betty Gerdes Award, and President's Award.
• Insurance Auditors Association of the West (IAAW)minorOthersIndustry association membership. Fred Lowry Jr. served as president and is recipient of IAAW Dana Sparrow Award.
• National Association of Independent Insurance Auditors and Engineers (NAIIAE)minorOthersIndustry association membership. Fred Lowry Jr. served as president and is recipient of NAAIE Ben Judd Award.
• ARCO (American Risk Coverage)minorChannel Partner/ Reseller/ DistributorARCO is an insurance industry organization. Lowry maintains membership in ARCO.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• ReSource Pro: Parent company of Lowry & Associates since the September 2024 acquisition, ReSource Pro is one of the largest US insurance operations BPO providers with 10,000+ employees serving 1,800+ insurance clients — directly comparable as Lowry's parent and operator in insurance premium audit, underwriting support, and loss control services.
• Mitchell International: Provider of claims management, medical bill review, and casualty insurance solutions to P&C carriers. Comparable in that it delivers outsourced insurance services — including audit and review workflows — to the same type of large commercial P&C carrier buyers that Lowry serves.

Others

• Donnelley Financial Solutions (DFIN): Provider of compliance, regulatory filing, and communications solutions to insurance and financial services firms. Comparable customer overlap with large P&C carriers, though not a direct competitor to premium audit services — more adjacent/ecosystem.

Broad incumbents

• LexisNexis Risk Solutions: Insurance and risk data analytics provider serving P&C carriers, MGAs, and insurance BPOs. Comparable as a broader incumbent in the insurance services ecosystem serving the same carrier buyers with data, identity, and underwriting intelligence adjacent to premium audit.
• Concentrix: Large global BPO with a dedicated insurance services practice serving top US P&C and life insurers. Comparable as an outsourcing partner to insurance carriers and a potential competitor for premium audit and claims-related managed services workloads.
• EXL Service: Operations and analytics BPO with significant insurance industry practice serving P&C and life insurers. Comparable as a larger incumbent insurance outsourcing competitor with adjacent underwriting, claims, and risk services that overlap with Lowry's premium audit work.
• Verisk: Insurance data analytics and risk-assessment firm and a partner of Lowry & Associates. Verisk serves the same P&C carrier customer base with industry-standard classification codes, premium audit platforms, and analytics tools — adjacent rather than directly competitive, but a key industry data provider.
• Wolters Kluwer: Global provider of compliance, regulatory, and risk management software for insurance carriers. Comparable customer overlap with P&C insurance carriers and complementary (rather than directly competitive) offerings in compliance and operational risk where Lowry conducts audits and surveys.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Lowry & Associates