Risk Exchange

What Risk Exchange does

Risk Exchange (REX) is a privately held insurance intermediary founded in 2009 and headquartered in Omaha, Nebraska, that operates as a Managing General Underwriter (MGU), program administrator, and wholesale broker. The company is licensed as a property/casualty producer in all 50 U.S. states and distributes exclusively through retail agents and brokers who submit business on behalf of their insureds. REX's core offering is workers compensation programs supported by general liability, commercial auto, and property lines, including exclusive programs available only through REX that cover all industry groups, class codes, geographies, and account sizes.

The company generates revenue primarily through commissions on insurance placements (transaction fees) earned via carrier relationships across national and regional markets, supplemented by fee-based consultancy services for program design, carrier paper procurement, reinsurance placement, and TPA selection, and by professional-services revenue from its REX Premium Audit subsidiary. REX Premium Audit delivers a 100% virtual audit process with electronic document upload and direct data import/export feeds compatible with most policy and agency management systems. Distribution is supported by an Agency Portal that allows retail agents to submit accounts and access policy information online. REX's in-house underwriting authority enables a 24-hour submission turnaround on most accounts, and the firm handles post-issuance servicing including endorsements, loss control, billing, and premium audit for most of the business it underwrites.

The go-to-market is channel-only — REX does not sell directly to insureds — and the firm targets difficult-to-place accounts and complex risks across mid-market and specialty classes. Marketing is concentrated on a content-led website, direct email inquiry, and LinkedIn-driven employer branding. There is no public revenue, no disclosed funding, and no parent company; the firm appears to be founder/management-owned and self-funded since inception. Management's prior industry experience includes overseeing over $1 billion of profitable workers compensation premium over a five-year period and designing over 20 independent MGA programs.

Name

Risk Exchange

Legal name

Risk Exchange

Website

https://riskexchange.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Risk Exchange is a privately held U.S. wholesale broker, MGU, and program administrator licensed in all 50 states, focused on workers compensation and supporting lines, distributed exclusively through retail agents and brokers.

Ownership category

akta.pro rank

Product category

Wholesale Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Wholesale insurance brokerage
• Workers compensation programs
• Managing general underwriting
• Premium audit services
• Program administration

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Placement & Commission: REX operates as a wholesale broker and program administrator earning commissions from insurance carriers on placed coverage. The company places workers compensation and supporting lines of business through its network of carrier relationships.
2. Consultancy Services: Fee-based consulting services for program design, carrier paper procurement, reinsurance placement, and TPA/service provider selection.
3. Premium Audit Services: Competitive pricing for professional premium audit services with individually structured engagements to meet client needs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Risk Exchange is a Managing General Underwriter (MGU), program administrator, and wholesale insurance broker licensed in all 50 states that places workers compensation coverage and supporting lines (general liability, commercial auto, property) through retail agents and brokers. It also delivers professional premium audit services using a virtual, technology-enabled audit process and consultancy services for program design, carrier paper procurement, reinsurance placement, and TPA selection. All offerings are distributed exclusively through a wholesale channel of retail agents and brokers via an Agency Portal and direct submission.

Product overview

Risk Exchange (REX) operates as an MGU (Managing General Underwriter), program administrator, and wholesale broker licensed in all 50 states. The company's core offering centers on workers compensation programs complemented by supporting lines including general liability, commercial auto, and property. The product portfolio consists of Wholesale Broker Services providing market access through traditional national carriers and exclusive niche regional programs; Consultancy Services for program design and administration; Premium Audit for virtual audit services with technology-driven efficiency; and Workers Compensation Programs delivered through exclusive and standard market relationships. These offerings are accessible via the Agency Portal platform, allowing retail agents and brokers to submit accounts and manage coverage solutions.

Differentiator

Problem solved

Functional benefit

Brands

• REX Premium Audit: A professional premium audit company that delivers superior customer experience through technology, commitment to service, and extensive knowledge base, specializing in workers compensation and other lines of business premium audits.

Products and services

• Wholesale Broker Services Full-service wholesale brokerage placing workers compensation and supporting lines (general liability, commercial auto, property) through traditional national carriers and exclusive niche regional programs for retail agents and brokers across the U.S.
• Workers Compensation Programs Specialized workers compensation coverage solutions offered through exclusive REX programs and standard market relationships, available across all industry groups, class codes, geographies, account sizes, and loss histories.
• REX Premium Audit Professional premium audit services delivered through a virtual, technology-driven audit process with electronic document upload, data import/export feeds compatible with policy and agency management systems, and dispute resolution across all lines of business, including workers compensation.
• Consultancy Services Fee-based consulting covering program design and launch, insurance carrier paper procurement, reinsurance design and placement, and third-party administrator selection, leveraging management experience building over 20 independent MGA programs.

Quantifiable outcome

• 24-hour turnaround on most submissions
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Amwins Group: Amwins is the largest US specialty wholesale insurance broker and MGA/MGU operator, offering wholesale brokerage, binding, and program administration across multiple lines including workers' comp. Directly comparable to Risk Exchange as a wholesale broker/MGU serving retail agents with exclusive program capability, though significantly larger in scale.
• CRC Group: CRC Group is a leading wholesale insurance broker and program administrator providing specialized coverage across property, casualty, and workers' comp. Comparable to Risk Exchange as a wholesale/program administrator serving retail agents across industry classes and geographies.
• Burns & Wilcox: Burns & Wilcox is a major specialty insurance wholesale broker and MGA focused on excess & surplus lines and program business. Comparable to Risk Exchange as a wholesale broker/program administrator serving retail agents with exclusive/niche carrier access.
• High Street Insurance Partners (now Acrisure): High Street was a retail-focused specialty insurance agency aggregator; comparable to Risk Exchange as a partner/distribution channel for program business from MGUs and program administrators.
• Crump Insurance Services: Crump is a large wholesale insurance broker and program administrator offering commercial and personal lines through retail agents. Comparable to Risk Exchange in wholesale brokerage and program business distribution model.

Direct peers

• RPS Insurance: RPS is a specialty wholesale broker and binding authority offering workers' comp and other commercial lines through exclusive programs distributed to retail agents. Operates as a direct competitor to Risk Exchange in the wholesale/MGU space with similar program-administration focus.
• Jencap Group: Jencap is a national wholesale insurance broker and program administrator providing workers' comp and specialty commercial lines through retail agent distribution. Directly comparable to Risk Exchange in business model and target market.
• Trisura US Insurance Services: Trisura is a specialty insurer and program administrator that partners with MGAs and program managers across the US, providing fronting capacity and reinsurance. Comparable to Risk Exchange in the program-administration/MGU space, though Trisura also acts as a carrier.
• Brown & Riding Insurance Services: Brown & Riding is a wholesale insurance broker and program administrator providing specialty and standard market placements, serving retail agents with exclusive and hard-to-place solutions. Direct peer to Risk Exchange in wholesale brokerage/program administration.

Emerging players

• Skycover Insurance Solutions: Skycover is an MGU/program manager focused on workers' comp and specialty lines offered through retail agents. Comparable to Risk Exchange as a niche MGU/program administrator targeting workers' comp placements and exclusive programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/risk-exchange-rex-insurance-services
• Xx.com/riskexchangeins

Revenue estimate

Valuation estimate

Number of profiles

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 Exchange