Risk Cooperative

What Risk Cooperative does

Risk Cooperative is a certified minority-owned insurance brokerage and risk advisory firm founded in 2014 and headquartered in Washington, D.C., operating as a division of Ensurise LLC, a holding entity that aggregates nine insurance agencies. The firm places coverage through appointments with all major global insurance carriers and the Lloyd's of London market, enabling domestic and international risk placement across ten insurance product lines—comprehensive employee benefits, property and casualty, executive and financial, cyber risk, life and health, specialty risks, private client practice, contingency insurance, cargo insurance, and nonprofit insurance—supported by six advisory services covering enterprise risk management, business resiliency, crisis management, risk benchmarking, risk mapping, and HR consulting. RC Labs operates as an innovation unit developing fintech and insuretech solutions for emerging risk classes, including a cyber warranty and indemnification program for cybersecurity technology partners.

The firm serves a diversified client base spanning government contractors, technology-focused professional services firms, nonprofit organizations, small-to-mid-sized firms, mid-market organizations with up to $750 million in revenue, and high net worth individuals. Distribution is executed through an enterprise field sales model in which seasoned risk specialists engage directly with client organizations, with strategic partnerships extending reach into managed security channels (ConvergeConnect with Dataprise and Converge Insurance) and high net worth private client (RCM&D). Geographic footprint is licensed across all 50 U.S. states, Washington D.C., and Puerto Rico, with international placement executed via Lloyd's of London.

Revenue is generated primarily through commissions from insurance carriers for placing policies across life, health, property, casualty, and specialty risks, supplemented by advisory fees, on a quote-based, multi-year contract model. Recent strategic emphasis has been placed on cyber insurance differentiation through ConvergeConnect and on employee benefits cost management through the CareFirst Max Performance Plus program. Risk Cooperative is led by Co-Founder and CEO Andres Franzetti alongside Chief Revenue Officer Les Williams, with Derrick Wong leading the Employee Benefits Practice after being recognized as a 2023 Risk & Insurance Power Broker.

Name

Risk Cooperative

Legal name

Risk Cooperative

Website

https://riskcooperative.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Risk Cooperative is a certified minority-owned insurance brokerage and risk advisory firm founded in 2014 in Washington, D.C. It serves government contractors, technology firms, nonprofits, and high net worth individuals with insurance placement, employee benefits, and risk advisory services.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Advisory

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance brokerage
• Risk advisory
• Employee benefits
• Cyber insurance
• Enterprise risk management

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Risk Cooperative generates revenue through commissions from insurance carriers for placing policies covering life, health, property, casualty, and specialty risks. The firm works with all major global insurance markets including Lloyd's of London to place domestic and international insurance solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Risk Cooperative is a certified minority-owned insurance brokerage and risk advisory firm that places insurance coverage across life, health, property, casualty, and specialty lines for organizations, and delivers complementary risk management advisory services. The firm operates as a division of Ensurise LLC, is appointed with all major carriers and the Lloyd's of London market, and serves clients across all 50 U.S. states, D.C., and Puerto Rico.

Product overview

Risk Cooperative is a minority-owned insurance brokerage and risk advisory firm operating as a division of Ensurise LLC. Its product portfolio consists of ten distinct insurance product lines — Comprehensive Employee Benefits, Property and Casualty, Executive and Financial, Cyber Risk Insurance, Life and Health, Specialty Risks, Private Client Practice, Contingency Insurance, Cargo Insurance, and Nonprofit Insurance — supported by six advisory service offerings — Enterprise Risk Management, Business Resiliency, Crisis Management, Risk Benchmarking, Risk Mapping, and HR Consulting. The firm also operates RC Labs, an innovation unit focused on fintech and insuretech solutions. Products are distributed through direct brokerage relationships with all major global insurance markets including Lloyd's of London, supported by strategic partnerships such as ConvergeConnect for cyber insurance distribution.

Differentiator

Problem solved

Functional benefit

Brands

• RC Labs: Risk Cooperative's innovation center that leverages cutting-edge technology platforms and partnerships to develop pioneering fintech and insuretech solutions that address new and emerging risk classes.

Products and services

• Comprehensive Employee Benefits Helps employers navigate healthcare complexity and price inflation with compliant medical programs, dental, vision, wellness, outsourcing, income protection, retirement plans, and voluntary benefits for small to mid-sized firms.
• Property and Casualty Insurance solutions covering property, liability, and workers compensation, including commercial property, fleet insurance, general liability, professional liability, E&O, umbrella coverage, and Defense Base Act.
• Executive and Financial Coverage including kidnap, ransom and extortion, directors and officers liability, employment practices liability, fiduciary liability, crime, ERISA fidelity bond, and workplace violence insurance.
• Cyber Risk Insurance Stand-alone cyber insurance offering security and privacy liability, breach response, cyber extortion, business interruption, reputational harm, digital asset restoration, PCI-DSS coverage, and cyber stop loss solutions for higher-limit programs.
• Life and Health Group life, major medical, travel medical, accidental death and dismemberment, short and long-term disability, dread disease/critical illness, and business travel accident coverage on a regional or global basis.
• Specialty Risks Specialty lines including supply chain risk, political risk insurance, trade and credit insurance, international insurance, and war and terrorism coverage with custom-tailored solutions and product bundles.
• Private Client Practice Comprehensive advisory and risk transfer for high net worth individuals covering motor, property, fine art, museums, jewelry, travel, aviation, estate, equine, and yacht insurance worldwide, offered through a partnership with RCM&D.
• Contingency Insurance Contingency programs covering event cancellation due to terrorism or political violence, non-appearance, natural disasters, weather, and death and disgrace for sports, marketing, entertainment, and specialized events.
• Cargo Insurance Cargo and logistics insurance covering motor truck cargo, carrier's legal liability, stock throughput, strikes expenses, deterioration of perishables, terrorism, trade disruption, global transit risks, war, and strikes risk.
• Nonprofit Insurance Risk management and insurance solutions tailored for public-serving nonprofit organizations addressing their unique risk profiles.
• Enterprise Risk Management Advisory Holistic ERM framework development and implementation services for organizations at varying stages of maturity to help implement and utilize risk management policies.
• Business Resiliency Advisory Advisory services helping organizations build operational resilience, business continuity, and disaster recovery capabilities.
• Crisis Management Advisory Advisory services for crisis preparedness and response, including incident management and organizational recovery planning.
• Risk Benchmarking Risk benchmarking services providing benchmarked data and analysis to help organizations understand their operational and financial risk posture relative to industry peers.
• Risk Mapping Risk mapping services enabling organizations to visualize and assess their risk landscape across all risk categories.
• HR Consulting HR consulting services including workforce strategy, talent management, employee benefits design, and HR risk management support.
• RC Labs Risk Cooperative's innovation center that leverages cutting-edge technology platforms and partnerships to develop pioneering fintech and insuretech solutions addressing new and emerging risk classes.
• ConvergeConnect A partnered cyber insurance program backed by Converge Insurance and brokered by Risk Cooperative, offering streamlined underwriting and favorable pricing for organizations with Dataprise's Managed Cybersecurity Premier service.
• Cyber Warranty and Indemnification Solution A unique cyber warranty and indemnification solution designed to work alongside cybersecurity technology firms and managed service providers, enabling players in the cybersecurity market to differentiate themselves.

Quantifiable outcome

• 100% client retention achieved in Employee Benefits Practice
• +1 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

22 partnerships are on record, tiered minor and core.

• AetnaminorOthersMajor medical insurance carrier partner providing healthcare coverage options for employee benefits programs.
• CareFirstcoreOthersRegional health insurance carrier offering Max Performance Plus program that Risk Cooperative distributes to help employers manage healthcare costs and receive surplus premium payments.
• ChubbminorOthersGlobal insurance carrier providing property and casualty, casualty, and specialty risk coverage solutions.
• CNAminorOthersCommercial insurance carrier offering business insurance solutions across multiple risk categories.
• Lloyd's of LondoncoreOthersGlobal insurance market providing complex and specialty insurance solutions that Risk Cooperative accesses to place international and specialty risk coverage.
• JLTminorOthersInsurance broker and risk consultant providing specialized risk solutions and expertise.
• PrincipalminorOthersFinancial services company providing retirement, insurance, and asset management solutions.
• EXIM (Export-Import Bank)minorOthersU.S. government agency providing trade finance and export credit insurance solutions.
• AgencyONEminorOthersInsurance agency partner providing additional distribution and product capabilities.
• AronsonminorOthersAccounting and advisory firm partner for risk assessment and financial consulting.
• K StreetminorOthersConsulting partner providing advisory services to clients.
• Keating AdvisorsminorOthersAdvisory partner providing strategic consulting services.
• RS21 (Resilient Solutions 21)minorOthersResilience and solutions partner for business continuity and resiliency services.
• Rezon8 CapitalminorOthersFinancial partner providing capital and investment solutions.
• Ridge GlobalminorOthersGlobal risk management and consulting partner.
• RCMDminorOthersRisk management and consulting partner.
• ASP (American Security Project)minorOthersSecurity-focused nonprofit think tank providing research and thought leadership.
• EBCAminorOthersInsurance partner providing specialized coverage solutions.
• GrantEdminorOthersEducation-focused partner providing solutions for educational institutions and grants-related insurance needs.
• DataprisecoreStrategic or Co-development PartnerStrategic partnership through ConvergeConnect program where Dataprise's Managed Cybersecurity Premier clients gain access to streamlined cyber insurance underwriting, enhanced pricing up to 30% credit on premiums, and comprehensive coverage. Risk Cooperative serves as the broker while Converge Insurance provides the cyber coverage.
• Converge InsurancecoreStrategic or Co-development PartnerCyber insurance partner in the ConvergeConnect program, providing cyber coverage with streamlined underwriting for Dataprise-managed cybersecurity clients. Pioneers in advanced cyber risk management and underwriting with proprietary data ecosystem.
• RCM&DcoreStrategic or Co-development PartnerPartnership to offer reimagined private client experience bringing comprehensive advisory, risk management and risk transfer capability to high net worth individuals. Combines Risk Cooperative's insurance expertise with RCM&D's private client capabilities.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Risk Placement Services (RPS): Specialty wholesale insurance brokerage placing complex and hard-to-place risks across professional, cyber, marine, and other specialty lines. Directly comparable wholesale/specialty placement model and carrier-market access.
• Heffernan Insurance Brokers: Independent insurance brokerage serving mid-market and enterprise clients across property/casualty, employee benefits, cyber, and specialty lines. Directly comparable as a multi-line independent broker with similar go-to-market and carrier-broker model.
• Amwins: Specialty insurance wholesale and brokerage firm offering professional, cyber, marine, and property/casualty placements through proprietary and retail channels. Comparable specialty-broker model and emerging-risk productization strategy.
• USI Insurance Services: Large PE-backed insurance brokerage serving mid-market clients across employee benefits, P&C, and specialty lines. Highly comparable in target customer (mid-market firms needing multi-line brokerage) and solution breadth.
• Brown & Riding Insurance Services: Independent specialty insurance brokerage and wholesale firm offering complex risk placement across professional, cyber, marine, and other specialty lines. Directly comparable in operating model (independent broker placing with major carriers and Lloyd's of London) and customer base (mid-market and enterprise).
• The Plexus Groupe: Independent insurance brokerage and risk advisory firm offering employee benefits, P&C, and specialty solutions to mid-market clients. Comparable independent multi-line brokerage with advisory services overlay.
• NFP (an Aon company): Mid-market-focused insurance broker and advisor offering property/casualty, benefits, wealth management, and specialty lines. Comparable customer segment and multi-line brokerage model; recently acquired by Aon to deepen mid-market reach.

Broad incumbents

• Aon: Global insurance brokerage and advisory firm providing risk, reinsurance, health, and wealth solutions. Comparable across all of Risk Cooperative's product lines, with deeper cyber capabilities and global carrier access.
• Marsh McLennan: Global insurance brokerage and risk advisory giant offering P&C, benefits, specialty, and consulting services. Overlaps with Risk Cooperative's full product portfolio but operates at far greater scale across enterprise and mid-market.
• WTW (Willis Towers Watson): Global advisory and insurance brokerage firm offering risk management, insurance brokerage, and advisory services across all major commercial lines. Comparable in product breadth and customer base but with substantially broader enterprise reach.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/riskcoop
• Facebookfacebook.com/RiskCoop
• LinkedInlinkedin.com/company/9215162

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Risk Cooperative