Insurance Research Council

Name

Insurance Research Council

Legal name

Insurance Research Council

Website

https://insurance-research.org

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

1–10 employees

Short description

The Insurance Research Council is a 501(c)-style nonprofit research organization founded in 1977, based in Malvern, PA, that produces data-driven research on public policy issues for U.S. property-casualty insurers and industry associations through membership dues.

Ownership category

akta.pro rank

Product category

Insurance Research Services

NAICS

Marketing Research and Public Opinion Polling (54191), Marketing Research and Public Opinion Polling (541910)

akta.pro primary industry

Industry & Sector Research (Syndicated/Custom) (BPAHALAE)

akta.pro secondary industry

Policy, Regulatory & Public Affairs Research (BPAHALAF)

Keywords

• Insurance research
• Property casualty insurance
• Closed claim studies
• Public opinion surveys
• Insurance statistical analysis

Headquarters

HQ city

Malvern

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Membership Dues: IRC is funded by membership dues from leading property-casualty insurance companies and associations. Members pay dues in exchange for benefits including participation on project committees, access to IRC staff, data, and reports, and guidance on the IRC research agenda.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

The Insurance Research Council is a non-profit research organization that conducts and publishes research on property-casualty insurance topics. It produces research publications derived from public opinion surveys, analysis of insurance statistical experience, and closed claim studies, distributing findings to its members and the broader property-casualty insurance industry.

Product overview

The Insurance Research Council is a nonprofit research organization affiliated with The Institutes that provides objective, credible research on public policy issues affecting the property-casualty insurance industry. Rather than a traditional technology product, IRC offers a portfolio of research publications and surveys including: Uninsured and Underinsured Motorist Studies tracking driving insurance coverage rates; Homeowners and Personal Auto Insurance Affordability Research analyzing cost trends and affordability indices; Auto Injury Claims Analysis examining treatment patterns, litigation impacts, and claims costs; Public Opinion Surveys (Public Attitude Monitor) gauging consumer attitudes on insurance topics; and Rate Regulation Studies comparing state regulatory environments. The organization also operates a membership program for insurance carriers and associations.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Research Publications

Quantifiable outcome

• IRC found claim fraud and buildup added $4.8 billion to $6.8 billion in excess payments to auto injury claims in 2007 alone (13-18% of total payments)
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• The Institutes (American Institute for CPCU)flagshipStrategic or Co-development Partner · 1 January 1977IRC is an affiliate/division of The Institutes (formerly American Institute for CPCU and Insurance Institute of America). IRC is located on The Institutes' campus in Malvern, PA, and leverages their organizational infrastructure, educational platform, and network to distribute research and engage with the insurance industry.
• Insurance Information InstitutecoreStrategic or Co-development PartnerIRC collaborates with the Insurance Information Institute on research projects, including studies on motor vehicle tort cases and homeowners insurance projections. The Insurance Information Institute provides data and expertise supporting IRC research initiatives.
• National Association of Insurance Commissioners (NAIC)coreTechnology or IntegrationIRC uses NAIC data including average insurance expenditures, Market Conduct Annual Statement Scorecard data, and Report on Profitability by Line by State reports for its research analyses.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Verisk Analytics: Verisk is a major data analytics provider to the insurance industry through ISO and other subsidiaries, supplying the kind of statistical experience data IRC analyzes; it is a much larger commercial incumbent in insurance analytics and risk data.
• AM Best: AM Best is a credit rating agency and research provider focused on the insurance industry, producing market research, special reports, and statistical studies that overlap with IRC's coverage of P&C market dynamics, regulation, and carrier performance.
• The Institutes (American Institute for CPCU): The Institutes is IRC's parent organization and a much larger insurance education and credentialing body; IRC is a division of The Institutes, so the relationship is direct, but The Institutes' broader education and professional development scope dwarfs IRC's pure research focus.
• LexisNexis Risk Solutions (Insurance): LexisNexis Risk Solutions provides insurance data and analytics including uninsured motorist estimation and claims data, areas of direct overlap with IRC's published research; it is a much larger commercial entity with proprietary datasets.
• RAND Corporation (Insurance and Health Research): RAND conducts independent, policy-oriented research across insurance, healthcare, and risk topics; while much broader in scope, it competes for the same policy research dollar and is often cited alongside IRC in legislative and regulatory analyses of insurance markets.

Direct peers

• Insurance Information Institute (Triple-I): Triple-I is the closest peer: a nonprofit industry research and communications organization serving the P&C insurance sector, with overlapping research on auto insurance affordability, uninsured motorists, and litigation, and an active collaboration partnership with IRC on civil court litigation research.
• Insurance Institute for Highway Safety (IIHS): IIHS is an independent, nonprofit research organization that produces vehicle crashworthiness, loss prevention, and auto insurance loss data, with substantial overlap in auto injury claims research and closed-claim style analysis that parallels IRC's auto injury work.

Regional players

• Swiss Re Institute: Swiss Re Institute is a leading reinsurer-affiliated research group publishing global insurance market studies, including US P&C trends; while primarily serving reinsurance and global audiences, it overlaps with IRC on US auto, homeowners, and catastrophe research topics.
• National Association of Insurance Commissioners (NAIC): NAIC is a US-only regulatory body whose market conduct and profitability data feed into IRC's affordability and regulatory environment analyses; while NAIC is a regulator rather than a researcher, it produces comparable public reports on the US P&C market.

Emerging players

• Pew Charitable Trusts — Insurance and Consumer Finance Research: Pew produces independent research on consumer financial issues including auto and home insurance affordability, increasingly cited in the same policy debates where IRC operates; while broader in scope, it competes for policy-maker attention on insurance affordability topics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/insurance-research-council

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about Insurance Research Council