Connecticut Interlocal Risk Management Agency

What Connecticut Interlocal Risk Management Agency does

CIRMA is a member-owned interlocal risk management agency founded in 1980 as a service program of the Connecticut Conference of Municipalities, providing pooled risk financing and risk management services exclusively to Connecticut's public sector. CIRMA holds approximately 90% market share among the state's municipalities, public schools, and local public agencies, protecting roughly $17.7 billion in property values and covering approximately 71,400 public employees across Connecticut. Core insurance products comprise two pools: a Workers' Compensation Insurance program (medical and indemnity coverage with multi-year rate stability) and a Liability-Auto-Property (LAP) Insurance program placed through partnerships with A-rated commercial carriers, both augmented by an extensive catalog of endorsements (cyber, active assailant, environmental pollution, drone, K-9, fidelity/crime, equipment breakdown, international travel, gather/special events).

The business model is a subscription/recurring premium pool with two revenue streams — workers' comp premiums and LAP premiums negotiated on member payrolls and property exposures — plus third-party administration services for self-insured public entities and a distinctive Members' Equity Distribution program that has returned approximately $49M to WC members over 15 years and approximately $42M to LAP members over 12 years. Technology infrastructure includes Guidewire ClaimCenter for enterprise claims management, a Vector Solutions e-learning platform branded CIRMA Chronicles for member training, the proprietary CIRMAcare medical management program and Surgery Concierge, the ClaimCentral 24/7 self-service claims portal, a Subrogation Plus recovery service, a Special Investigation Unit for fraud detection, and an Employment Practices Liability Helpline operated through partnership with Rose Kallor law firm. No external funding has been raised and CIRMA is governed by its public-sector members rather than shareholders.

Go-to-market is direct, relationship-based sales via dedicated underwriters and risk management consultants who serve Connecticut municipalities, schools, law enforcement, and fire/EMS agencies; the Connecticut Conference of Municipalities serves as a foundational referral channel, and the organization does not use brokers for core insurance products. The implied 51–100 employee base supports claims administration, risk consulting, and underwriting across the state, with active hiring for a Software Engineer and a Workers' Compensation Claims Adjuster signaling continued investment in claims technology and capacity.

Name

Connecticut Interlocal Risk Management Agency

Legal name

Connecticut Interlocal Risk Management Agency

Website

https://cirma.ccm-ct.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

CIRMA is a member-owned interlocal risk management agency serving nearly 90% of Connecticut's public sector with pooled workers' compensation and liability-auto-property insurance, claims administration, and risk consulting via direct sales to municipalities, schools, and local agencies.

Ownership category

akta.pro rank

Product category

Public Sector Insurance and Risk Management

NAICS

Insurance Carriers (5241), Direct Property and Casualty Insurance Carriers (524126)

SIC

Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Workers’ Compensation Insurance (FSAJAKAM)

akta.pro secondary industry

Ancillary & Supplemental Health Products (Accident/Critical Illness/Hospital Indemnity) (HLAEABAJ)

Keywords

• Public sector insurance
• Risk management services
• Workers compensation pool
• Liability auto property insurance
• Municipal risk financing

Headquarters

HQ city

New Haven

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, Infrastructure, Marketing or Sales

Revenue model

1. Workers' Compensation Insurance Premiums: Pooled workers' compensation insurance program providing medical and indemnification coverage to Connecticut municipalities, public schools, and local public agencies. Premiums are based on payroll and risk factors, with multi-year rate agreements providing budget stability.
2. Liability-Auto-Property (LAP) Insurance Premiums: Comprehensive liability, auto, and property insurance coverage placed through partnerships with A-rated insurance carriers. CIRMA negotiates and places coverage at competitive premiums for members.
3. Members' Equity Distribution: CIRMA distributes a percentage of Members' Equity to eligible members - nearly $49M over 15 years (workers' comp) and nearly $42M over 12 years (LAP). This is a unique value return not offered by commercial insurers.
4. Customized Self-Insured Services: Third-party administration claim and risk management solutions for self-insured public entities in Connecticut

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

CIRMA provides pooled Workers' Compensation and Liability-Auto-Property (LAP) insurance coverage exclusively to Connecticut municipalities, public schools, and local public agencies. Coverage is delivered with dedicated risk management consulting, claims administration through the CIRMAcare program, and 24/7 claim reporting via ClaimCentral. Members also receive equity distributions rather than shareholder profits.

Product overview

CIRMA is a risk management agency offering a unified insurance and risk management platform for Connecticut's public sector. The core offerings include Workers' Compensation Insurance and Liability-Auto-Property (LAP) Insurance programs, supported by the ClaimCentral claims reporting platform and CIRMAcare medical management program. These are complemented by comprehensive risk management services including School Safety, Cyber Risk Training, Defensive Driving, and Sexual Harassment Prevention training modules. Members also have access to specialized coverage enhancements including Cyber Insurance, Active Assailant Insurance, Environmental Pollution Insurance, Drone Coverage, and K-9 Officer Coverage. The service portfolio spans claims management, fraud investigation, contract review, subrogation recovery, and an Employment Practices Liability Helpline. Training and education are delivered through Vector Solutions e-learning platform and onsite programs. CIRMA also operates a members' equity distribution program and annual Excellence in Risk Management Awards.

Differentiator

Problem solved

Functional benefit

Brands

• CIRMAcare: Integrated medical care and cost management program for workers' compensation claims
• ClaimCentral
• CIRMA's Excellence in Risk Management Awards
• Subrogation Plus
• CIRMA Surgery Concierge
• Employment Practices Liability Helpline

Products and services

• Workers' Compensation Insurance Pooled workers' compensation medical and indemnification coverage with claims services and risk management solutions for Connecticut municipalities, public schools, and local public agencies; premiums based on payroll with multi-year rate agreements.
• Liability-Auto-Property (LAP) Insurance Comprehensive liability, auto, and property insurance coverage with claims services and risk management solutions for Connecticut's public sector, placed through A-rated insurance carrier partnerships.
• Cyber Insurance Standalone cyber insurance coverage addressing ransomware attacks and data breaches, tailored for Connecticut public entities and provided through A-rated carrier partnerships.
• Equipment Breakdown Coverage Coverage for sudden failure causes of high-value equipment owned by Connecticut public entities.
• Excess Liability Coverage Excess liability coverage extending to $26 million with no gaps or expensive overlaps from first-dollar coverage.
• Environmental Pollution Insurance Protection against property and third-party exposures from covered pollution incidents at Connecticut public-entity facilities.
• International Travel Insurance Coverage for voluntary workers' compensation, accident, general liability, auto liability, kidnap/ransom, and excess repatriation for public-entity groups traveling internationally.
• Drone Coverage LAP pool member protection for liability and property exposures arising from public-entity drone operations.
• GatherGuard Special Event Coverage Insurance program for special events at public facilities, covering bodily injury and property damage liabilities.
• K-9 Officer Property Coverage Financial protection for K-9 officer incidents involving injury or death of the K-9 during law enforcement duties.
• Fidelity & Crime Coverage Coverage for losses from theft, disappearance, destruction of property, forgery, and computer fraud.
• Active Assailant Insurance Coverage for active assailant events including liability, property demolition, relocation, medical care access, crisis management, and counseling for Connecticut public entities.
• Fire and Rescue Personnel Accident Insurance Specialized accident insurance through The Hartford Fire Insurance Company providing coverage for fire and EMT personnel while performing duties.
• Customized Self-Insured Services Third-party administration claims and risk management solutions for self-insured Connecticut public entities requiring customized administration.
• Subrogation Recovery Services Subrogation services including the Subrogation Plus program that recovers property losses outside standard insurance policy limits from at-fault parties.
• Employment Practices Liability Helpline Expert legal advice helpline (one hour monthly) on employment practices law including hiring, harassment, discrimination, and compliance, operated through partnership with Rose Kallor.
• Fraud & Investigative Services Special Investigation Unit providing fraud detection, investigation, and claims management services to identify fraudulent workers' compensation claims.
• Contract Review Services Line-by-line contract review service covering AIA construction contracts, rental agreements, municipal sharing agreements, and indemnification language for CIRMA members.
• National Safety Council Defensive Driving Course Four-hour defensive driving training program for CIRMA members covering collision avoidance, hazard recognition, and adverse driving condition management.
• Sexual Harassment Prevention Training POSTC-Accredited sexual harassment prevention training covering legal definitions, complaint handling, and building respectful workplace environments for Connecticut public-sector employers.

Quantifiable outcome

• 91.75% reduction in workers' compensation claim costs for Town of Guilford
• +4 more outcomes

Named customers6 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

Integration4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• The Hartford Fire Insurance CompanycoreTechnology or IntegrationPartnership with The Hartford Fire Insurance Company provides Fire and Rescue Personnel Accident Insurance program uniquely suited for EMT and fire personnel. Coverage addresses accidents while performing duties, providing financial protection and peace of mind for local community heroes.
• A-rated Insurance CarrierscoreTechnology or IntegrationCIRMA maintains solid and long-standing relationships with leading A-rated or better insurance carriers to negotiate and place Liability-Auto-Property coverage at competitive premiums for members.
• Vector SolutionscoreTechnology or IntegrationPartnership with Vector Solutions delivers CIRMA's exclusive e-learning platform offering 24/7 access to training courses on cybersecurity, defensive driving, workplace safety, and other risk management topics. This award-winning training management system is provided at no additional cost to CIRMA members.
• Rose Kallor Law FirmcoreImplementation/ SI/ Consulting PartnerPartnership with leading Connecticut-based Rose Kallor law firm provides the Employment Practices Liability Helpline. Experienced partner attorneys provide expert legal advice on hiring, promotion, harassment, discrimination, compliance, and labor relations issues. CIRMA members receive one hour of expert legal advice monthly at no additional charge.
• Connecticut Conference of Municipalities (CCM)coreStrategic or Co-development PartnerCIRMA was formed in 1980 as a service program of the Connecticut Conference of Municipalities. This foundational relationship provides direct access to Connecticut municipalities and supports member acquisition and engagement across the state.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Texas Municipal League Intergovernmental Risk Pool: Intergovernmental risk pool providing workers' compensation, liability, and property coverage to Texas municipalities. Operates the same pooled, member-owned public-sector risk model as CIRMA, with overlapping product set including WC, LAP, and risk management services.
• Michigan Municipal Risk Management Authority (MMRMA): Member-owned risk authority providing liability and property coverage to Michigan municipalities. Closely comparable pool structure, member equity return model, and focus on municipal/government lines parallels CIRMA's Workers' Compensation and LAP pools.
• CSAC Excess Insurance Authority (CSAC EIA): California public entity risk-sharing authority providing pooled coverage and risk management to counties and public agencies. Direct peer as a state-level intergovernmental risk pool with similar WC, liability, and property offerings.
• New Jersey School Boards Association Insurance Group (NJSBA IG): Member-owned insurance group providing workers' compensation, liability, and property coverage to New Jersey public schools. Comparable in its school-district focus and pooled, member-governed structure, similar to CIRMA's public-school segment.

Regional players

• Schools Insurance Authority (SIA): Joint powers authority offering workers' compensation, property, and liability coverage to California school districts and community colleges. Comparable in operating model to CIRMA's pooled insurance for public schools, but operating in a different geography.

Broad incumbents

• Travelers Companies: Major Connecticut-based property and casualty insurer with large public-sector and workers' compensation books. Functions as one of the A-rated carrier partners backing CIRMA's LAP and excess placements, while also competing in adjacent commercial public-sector lines.
• The Hartford Financial Services Group: Large CT-headquartered insurer that is CIRMA's named Fire and Rescue Personnel Accident Insurance partner. A broader P&C and group benefits incumbent whose product overlap with CIRMA's workers' comp and accident coverage makes it a relevant benchmark.
• Chubb Limited: Global property and casualty insurer with significant municipal and public-sector underwriting. Comparable as a large A-rated carrier that competes for CT-area municipal accounts while also being a potential LAP partner for CIRMA's pool placements.

Others

• Arthur J. Gallagher & Co. Large insurance brokerage with a dedicated public-sector and intergovernmental practice. Comparable to CIRMA's agency/broker function for LAP placements and risk-management consulting, though operating as an external intermediary rather than a member-owned pool.
• Public Risk Management Association (PRIMA): National trade association serving public-sector risk managers at municipalities, schools, and special districts. Ecosystem peer whose member base largely overlaps with CIRMA's served market, providing industry context, education, and benchmarking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/connecticut-interlocal-risk-management-agency-cirma

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Connecticut Interlocal Risk Management Agency