COMPRisk Management

What COMPRisk Management does

COMP Risk Management, Inc. is a privately held Managing General Agency founded in 1988 and headquartered at 750 E Britton Rd, Suite 200, Oklahoma City. The firm specializes in mono-line workers compensation insurance, distributing coverage through a network of more than 160 independent insurance agencies across Oklahoma and the surrounding South Central states under a no-minimum, no-quota onboarding model. Underwriting capacity and claims handling infrastructure are sourced through carrier partnerships with Amtrust (and affiliates including Milford Casualty, Security National, Sequoia, Technology, and Wesco), Amerisafe (covering higher-hazard classes such as construction, trucking, oil and gas, and agriculture), and PIE Insurance. The product portfolio has been extended on a limited basis to general liability, property, BOP, EPLI, and cyber, with policyholder services including payroll audit assistance, claims facilitation, and loss prevention coordinated through the carrier partners.

Name

COMPRisk Management

Legal name

COMP Risk Management, Inc.

Website

https://comp-risk.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

COMP Risk Management is a privately held Managing General Agency founded in 1988 in Oklahoma City that distributes mono-line workers compensation and select commercial lines through 160+ independent agencies in Oklahoma and surrounding states.

Ownership category

akta.pro rank

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commission (MGA): As a Managing General Agency, COMP Risk Management earns commissions from insurance carriers (Amtrust, Amerisafe, PIE Insurance) for placing and servicing workers compensation and related commercial lines coverage. Revenue is generated through commission overrides based on premium volume placed through the agency network.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

COMP Risk Management operates as a Managing General Agency (MGA) distributing mono-line workers compensation insurance through a network of independent insurance agency partners in Oklahoma and surrounding states. The company leverages carrier relationships with Amtrust, Amerisafe, and PIE Insurance to provide underwriting capacity for low to moderate risk businesses, and supplements its core offering with limited commercial lines including general liability, property, BOP, EPLI, and cyber coverage.

Product overview

COMP Risk Management operates as a Managing General Agency offering a portfolio of workers compensation and commercial insurance products. The core offering is mono-line workers compensation insurance, expanded with supplementary commercial lines including general liability, property, BOP, EPLI, and cyber coverage through carrier partners. The company provides policyholders and independent insurance agents access to claims management, loss prevention, and payroll audit assistance services. The product portfolio is distributed through a network of over 160 independent agencies in Oklahoma and surrounding states.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers Compensation Insurance Mono-line workers compensation insurance distributed through independent insurance agency partners in Oklahoma and surrounding states, covering low to moderate risk businesses such as financial institutions, heat and air contractors, light manufacturing, auto repair shops, retail stores, and restaurants.
• General Liability Coverage

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Four partnerships are on record, tiered core and flagship.

• Amtrust Insurance Company (and affiliates: Milford Casualty, Security National Insurance, Sequoia Insurance, Technology Insurance, Wesco Insurance)coreStrategic or Co-development PartnerAmtrust is a primary insurance carrier partner providing workers compensation and commercial lines capacity. Amtrust covers Main Street businesses, light manufacturing, auto repair, restaurants, religious organizations, convenience stores, landscaping, and artisan contractors. COMP Risk Management facilitates claims reporting (24/7 hotline: 1-888-239-3909) and loss prevention services through Amtrust.
• Amerisafe (American Interstate Insurance Company, Silver Oak Casualty)coreStrategic or Co-development PartnerAmerisafe is a specialty insurance carrier partner for higher risk industries including agriculture, construction, manufacturing, roofing, trucking, maritime, oil and gas, garbage collection, and telecom. Amerisafe requires minimum 10k premium, 3 years prior coverage, and pre-quote safety inspection but has no height restrictions. Claims hotline: 1-800-699-6240.
• PIE Insurance (The Pie Insurance Company, Sirius American Insurance Company)coreStrategic or Co-development PartnerPIE Insurance is a workers compensation carrier partner. The company provides claims inquiry support via [email protected] and online portal access at pieinsurance.com for policyholders to access additional claim and loss prevention resources. Claims hotline: 1-844-581-0828.
• Independent Insurance Agents of OklahomaflagshipGTM or Marketing PartnerCOMP Risk Management is a proud sponsor of the Independent Insurance Agents of Oklahoma. The company recommends using Trusted Choice platform to connect commercial customers with independent agents who can access COMP Risk's workers compensation markets.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PIE Insurance: PIE Insurance is a workers comp carrier and direct COMP Risk partner that distributes through independent agents, targeting small to mid-market businesses. PIE's tech-enabled direct-to-agent model overlaps directly with COMP Risk's agent distribution approach in similar risk classes.
• Amerisafe: Amerisafe is a specialty workers compensation carrier that is both a COMP Risk partner and a direct writer of similar risk classes (construction, manufacturing, trucking, oil & gas). Direct overlap in target industries and risk appetite makes it the closest comparability benchmark for placement capacity and underwriting posture.
• Employers Holdings: Employers Holdings is a mono-line workers comp carrier targeting small and mid-market businesses, distributing through independent agents. Closely aligned with COMP Risk's niche mono-line focus and risk appetite.
• Zenith Insurance Company: Zenith is a specialty workers comp carrier focused on agriculture, construction, and service industries, distributing through independent agents. Overlaps with COMP Risk on higher-risk industries via Amerisafe and similar agency-based delivery model.
• ICW Group: ICW Group is a workers comp-focused insurer that distributes through independent agents, with multi-state regional operations. It is directly comparable to COMP Risk in mono-line workers comp focus and agency-driven distribution.
• Accident Fund Holdings: Accident Fund is a workers comp specialist carrier operating across multiple states through independent agents. Comparable in mono-line workers comp focus and agency distribution, with broader geographic reach than COMP Risk.

Broad incumbents

• AF Group: AF Group operates workers comp and commercial lines programs distributed through a network of independent agents across multiple states. Comparable to COMP Risk in agency-driven workers comp distribution and carrier partnership structure.
• Amtrust Financial Services: Amtrust is a major multi-line P&C carrier and COMP Risk's primary partner for standard workers comp and commercial lines (BOP, EPLI, Cyber). As a broad incumbent with workers comp and SME commercial products, it represents both partnership upside and competitive overlap.
• Berkshire Hathaway Homestate Companies: Berkshire Hathaway Homestate is a large workers comp carrier group operating across multiple states via independent agents. As a broad incumbent with strong balance sheet, it competes for similar agency relationships and risk classes in overlapping geographies.

Regional players

• MEMIC: MEMIC is a regional workers comp insurer, primarily serving the Northeast. While geographically distinct from COMP Risk, it offers a directly comparable mono-line workers comp MGA-style model with independent agent distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/compriskmgmt
• Facebookfacebook.com/COMPRiskMgmt

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 COMPRisk Management