TRISTAR Risk Management
TRISTAR Risk Management is a privately held U.S. Third Party Administrator providing claims management, managed care, and risk services to self-insured employers, municipalities, insurance carriers, and alternative-risk entities via its TRISTARConnect RMIS platform.
- Company typePrivate
- Founded1987
- HeadquartersLong Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What TRISTAR Risk Management does
TRISTAR Risk Management (legally TRISTAR Insurance Group, also operating as TRISTAR Group) is a for-profit, privately held Third Party Administrator (TPA) founded in 1987 and headquartered at 100 Oceangate, Suite 840 in Long Beach, California, with a claims mailing operation in Clinton, Iowa. The company provides outsourced claims management and risk management information services to self-insured employers, municipalities and other public entities, insurance carriers, and alternative-risk vehicles such as captives, Risk Retention Groups, pools, programs, and Joint Power Authorities. It self-describes as the largest privately held TPA in the United States.
The product portfolio is modular and organized around five core service lines: Property & Casualty claims administration (workers' compensation, general liability, auto liability, professional liability, property, and subrogation); Managed Care (bill review, case management, utilization review, nurse triage, pharmacy benefit management, and wellness); Absence & Disability management; Employee Group Benefits administration (including Section 125 plans); and Risk Control (workplace safety, loss control, and ergonomics). These services are delivered through TRISTARConnect℠, a web-based Risk Management Information System (RMIS) that gives clients real-time claims data, reporting, and portal access. The company holds SSAE 18 SOC 1/SOC 2 Type II compliance, HIPAA One certification, and URAC accreditation, which serve as trust and compliance signals for regulated healthcare and public-sector work.
Commercially, TRISTAR operates a B2B managed-services model, earning TPA fees for administering clients' claims and risk operations. Go-to-market is a direct, consultative enterprise field-sales motion supported by a "Request a Demo" CTA for the TRISTARConnect platform and a client login portal. Pricing is not publicly disclosed and is quote-based, varying by claims volume, service mix, and organizational complexity, typically under multi-year contracts. Operations are domestic (United States only), with disclosed performance metrics of 97% audit scores and a 98% historical client retention rate.
TRISTAR Risk Management firmographics
Firmographics- Name
- TRISTAR Risk Management
- Legal name
- TRISTAR Insurance Group
- Website
- https://tristarrisk.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- TRISTAR Risk Management is a privately held U.S. Third Party Administrator providing claims management, managed care, and risk services to self-insured employers, municipalities, insurance carriers, and alternative-risk entities via its TRISTARConnect RMIS platform.
- Ownership category
- akta.pro rank
Where TRISTAR Risk Management is headquartered
LocationHeadquarters
- HQ city
- Long Beach
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
TRISTAR Risk Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Third Party Administration (TPA) Services: TRISTAR generates revenue through TPA fees charged to self-insured employers, municipalities, insurance carriers, and other entities for managing their claims and risk management operations. Services include claims administration, managed care, absence & disability management, employee benefits administration, and risk control.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise TPA services with customized pricing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
TRISTAR Risk Management product offering
Product offeringCore offering
TRISTAR Risk Management is a Third Party Administrator (TPA) that administers claims and risk management services for self-insured employers, municipalities, insurance carriers, and alternative risk entities. Core offerings include Property & Casualty claims administration (workers' compensation, general liability, auto liability, professional liability, property, subrogation), Managed Care services (bill review, case management, utilization review, nurse triage, pharmacy benefit management), Absence & Disability administration, Employee Group Benefits, and Risk Control consulting, delivered through the TRISTARConnect℠ web-based RMIS platform.
Product overview
TRISTAR Risk Management is a Third-Party Administrator (TPA) offering a comprehensive suite of risk management and insurance services through a modular product portfolio. The core offerings include Property & Casualty claims management, Managed Care services, Absence & Disability administration, Employee Group Benefits, and Risk Control consulting. TRISTARConnect℠ serves as the web-based RMIS platform enabling client access to claims management tools. The company positions itself as the largest privately held TPA in the country, serving diverse industries including Public Entities, Education, Construction, Healthcare, Transportation, and more.
Differentiator
Problem solved
Functional benefit
Brands
- TRISTARConnect℠: Claims management platform referenced as part of the RMIS solution offering.
Products and services
- Property & Casualty Claims Management
Quantifiable outcome
- 97% audit scores
- +1 more outcomes
Companies that use TRISTAR Risk Management
Customer profileSegments9 records
Ideal customer profiles3 records
TRISTAR Risk Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
TRISTAR Risk Management partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights3 records
TRISTAR Risk Management competitors and assessment
Company assessmentDirect peers
- Crawford & Company: Crawford is one of the world's largest independent claims management providers, serving insurers, corporates, and governments across P&C lines. Directly overlaps TRISTAR in claims handling, managed care, and large-enterprise TPA services.
- PMA Companies: PMA Companies is a privately held provider of workers' comp and P&C claims administration, managed care, and risk management services. Closely comparable to TRISTAR's workers' comp-heavy, multi-vertical approach.
- CorVel Corporation: CorVel is a publicly traded provider of P&C claims management, managed care, and utilization review, including nurse triage and PBM. Directly comparable in service mix and a useful public-market proxy for TRISTAR's integrated model.
- CCMSI (Cannon Cochran Management Services): CCMSI is a privately held, mid-to-large TPA providing claims administration, managed care, and risk control for self-funded employers and public entities. Closely mirrors TRISTAR's vertical- and mid-market focus and similar customer profile.
- Sedgwick: Sedgwick is the largest U.S. TPA offering integrated claims administration, managed care, and risk services across workers' compensation, liability, and property. Like TRISTAR, it serves self-funded employers, carriers, and public entities under a similar enterprise, multi-line service model.
- Broadspire: Broadspire delivers TPA services for casualty claims, workers' compensation, managed care, and disability across the U.S. Comparable to TRISTAR's broad property & casualty plus absence/disability product set.
- Genex Services: Genex provides managed care, utilization review, case management, and medical management services alongside workers' comp and disability claims management. Closely comparable to TRISTAR's managed care + claims integration.
- Helmsman Management Services: Helmsman, a Liberty Mutual subsidiary, provides claims management and TPA services for workers' comp, auto, property, and liability for self-funded employers. Comparable in service mix and self-funded client base.
- Mitchell International: Mitchell provides claims management software, P&C estimating, and pharmacy/medical management solutions used by carriers, TPAs, and self-insureds. It competes directly with TRISTARConnect℠-style RMIS platforms and adjacent managed-care workflows.
- Gallagher Bassett Services: Gallagher Bassett is one of the largest TPAs in the U.S., offering claims administration, managed care, and risk control to self-insureds and carriers. Directly comparable to TRISTAR across workers' comp, GL, auto liability, and integrated managed-care services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TRISTAR Risk Management social profiles
Digital presenceTRISTAR Risk Management compliance and trust
Trust signalCompliance3 records
TRISTAR Risk Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
TRISTAR Risk Management leadership team
Management profileNumber of profiles
TRISTAR Risk Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TRISTAR Risk Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TRISTAR Risk Management
What does TRISTAR Risk Management do?
TRISTAR Risk Management is a Third Party Administrator (TPA) that administers claims and risk management services for self-insured employers, municipalities, insurance carriers, and alternative risk entities. Core offerings include Property & Casualty claims administration (workers' compensation, general liability, auto liability, professional liability, property, subrogation), Managed Care services (bill review, case management, utilization review, nurse triage, pharmacy benefit management), Absence & Disability administration, Employee Group Benefits, and Risk Control consulting, delivered through the TRISTARConnect℠ web-based RMIS platform.
Is TRISTAR Risk Management a public or private company?
TRISTAR Risk Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TRISTAR Risk Management founded?
TRISTAR Risk Management was founded in 1987. It employs 1 to 10 people.
Where is TRISTAR Risk Management based?
TRISTAR Risk Management is headquartered in Long Beach, United States, in the North America region.
How does TRISTAR Risk Management make money?
One revenue line is on record: third Party Administration (TPA) Services.
Who are TRISTAR Risk Management's main competitors?
Direct peers on record are Crawford & Company, PMA Companies, CorVel Corporation, CCMSI (Cannon Cochran Management Services), Sedgwick, Broadspire, Genex Services, Helmsman Management Services, Mitchell International and Gallagher Bassett Services.
Does TRISTAR Risk Management have an API?
No public API is recorded for TRISTAR Risk Management.