University Risk Management & Insurance Association

What University Risk Management & Insurance Association does

University Risk Management and Insurance Association (URMIA) is an international nonprofit professional association headquartered in Bloomington, Indiana, dedicated exclusively to advancing the practice of risk management in higher education. Founded in 1969 and operating for more than 50 years, URMIA serves 620 institutional member organizations representing 901 campuses across the United States and Canada, with member institutions ranging from small colleges under 4,000 enrollment to large universities over 14,000 students, plus institutional systems and a small international cohort. The association is governed by a member-elected board and operated by a national office staff of approximately 9 employees led by Executive Director Michelle J. Smith, CAE.

URMIA's core offering is membership-based and content-driven rather than technology-driven. Members gain access to the URMIA Library (white papers, templates, sample policies, past conference presentations), the URMIAnetwork online community with specialized peer groups (Compliance, ERM Roundtable, Professionals of Color, Solo Risk Managers, YoPro), the URMIA Risk Inventory covering 300+ campus-specific risks, a Salary Survey, Core Competencies framework, and the Career Center. Professional development is delivered through an annual conference (2026 in Philadelphia), four regional conferences, the multi-day URMIA Institute series, URMIAacademy online courses, webinars, the URMIA Matters podcast, and the URMIAmentors program. The association also offers specialized insurance programs (TULIP event liability through Gallagher, Youth Camps insurance through RPS Bolinger, Student Property insurance) accessible only to member institutions.

URMIA is funded through institutional membership dues (size-based, pegged to FTE enrollment), affiliate membership dues from companies serving higher education (revenue-based), conference registration fees, corporate sponsorships (e.g., $3,000 per URMIA Institute event or $7,500 for all three), career center job posting fees (starting at $199), and insurance program administration/licensing fees. The association has no parent company and no venture or private equity ownership; control rests with the membership through elected board representation. Revenue is not publicly disclosed. URMIA is not a software product company, and its underlying platform is a standard Higher Logic association management system supporting the member portal, online discussions, resource library, and event registration.

Name

University Risk Management & Insurance Association

Legal name

University Risk Management and Insurance Association Inc

Website

https://urmia.org

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Bloomington

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, Others

Revenue model

1. Institutional Membership Dues: Annual membership dues for colleges and universities, determined by FTE enrollment as reported to IPEDS (US) or PSIS (Canada). Memberships expire December 31 each year.
2. Affiliate Membership Dues: Annual membership dues for companies and organizations serving higher education risk management needs, determined by annual revenue from higher education.
3. Conference Registration Fees: Revenue from annual conferences, regional conferences, and URMIA Institute programs. Non-member registration available at higher rates.
4. Sponsorship Revenue: Corporate sponsorships for annual conferences and URMIA Institute events. Sponsorship opportunities available at various levels including $3,000 per Institute or $7,500 for all three Institute events.
5. Career Center Job Postings: Job posting fees starting at $199, includes listing on careers website, social media sharing, URMIA Updates newsletter inclusion, and YM Careers network distribution.
6. Insurance Program Fees: Third-party insurance programs (TULIP and Youth Camps) offered through partner providers. The institution whose facility is being rented must be a URMIA member.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels10 records

Core offering

URMIA is a non-profit professional association that provides membership, professional development, peer networking, and specialized insurance programs for risk management professionals in higher education. The association sells institutional and affiliate memberships, hosts annual and regional conferences, the URMIA Institute, webinars, and an online community, and administers insurance programs (TULIP, Youth Camps, Student Property) through partner brokers for its 620 institutional members representing 901 campuses in the U.S. and Canada.

Product overview

URMIA is a professional association dedicated to higher education risk management, not a software product company. It offers a portfolio of membership-based services including professional development (annual and regional conferences, webinars, URMIA Institute), resource libraries (URMIA Library with templates and research), online community networking (URMIAnetwork), content publications (URMIA Insights newsletter, URMIA Matters podcast), career resources (Career Center), and specialized insurance programs (TULIP for event liability, Youth Camps insurance, Student Property insurance). The organization connects risk management professionals across nearly 900 member institutions through events, resources, and peer networking.

Differentiator

Problem solved

Functional benefit

Brands

• URMIA Institute: A multi-day professional development series for higher education risk managers featuring intensive training and networking opportunities.
• URMIAacademy
• URMIAmentors
• URMIA Insights
• URMIA Matters
• TULIP Insurance
• Youth Camps Insurance

Products and services

• URMIA Institutional Membership Organizational membership providing colleges, universities, and institutional systems with access to peer networking, the URMIA Library, online community discussions, URMIAnetwork specialized communities, the Career Center, member directory, and URMIA's specialized insurance programs. Institutional dues are tiered by FTE enrollment as reported to IPEDS (U.S.) or PSIS (Canada), with memberships expiring December 31 each year.
• URMIA Affiliate Membership Membership for companies and organizations serving higher education risk management needs (insurers, brokers, consultants, technology providers, service firms). Annual dues are determined by the member's annual revenue from higher education. Affiliate members gain networking opportunities, visibility through the Affiliate Member Services Directory, and access to conference sponsorships.
• URMIA Annual Conference Annual gathering of higher education risk management professionals featuring educational sessions, peer networking, and professional development. Registration is open to those working at higher education institutions, with member and non-member pricing tiers. The 2026 conference is scheduled for Philadelphia.
• URMIA Regional Conferences Four regional conferences held annually across U.S. locations (Eastern, Northeastern, Western, Central), with some co-located with partner organizations (ACUI, ACCED-I). Provides localized professional development and peer networking opportunities for higher education risk management professionals.
• URMIA Institute Multi-day intensive educational series offering focused training on specific risk management topics for higher education professionals. Includes sponsorship opportunities for affiliate members ($3,000 per Institute event or $7,500 for all three). URMIA also offers URMIAacademy as the online learning component.
• URMIA Career Center Self-service job posting and career exploration platform at careers.urmia.org. Job postings start at $199 and include listing on URMIA's careers website, social media sharing, URMIA Updates newsletter inclusion, and YM Careers network distribution. Serves higher education institutions hiring risk management professionals and candidates seeking these roles.
• TULIP Insurance Program (Tenants' and Users' Liability Insurance Policy) Special event liability insurance coverage for third parties (non-university organizations) hosting events at member institution facilities, provided through Gallagher as the administering partner. The institution whose facility is being rented must be a URMIA member. Third parties can purchase coverage directly through Gallagher.
• Youth Camps Insurance Program Insurance program for sports and academic camps hosted on member institution campuses, provided through partner RPS Bolinger. RPS Bolinger staff answer coverage and cost questions. The host institution must be a URMIA member to direct third parties (camp organizers) to use the program.
• Student Property Insurance Program Property insurance program for students' personal belongings at member institutions. Listed as one of URMIA's specialized insurance programs alongside TULIP and Youth Camps.

Quantifiable outcome

• 620 institutional member organizations representing 901 campuses
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Gamma Iota SigmacoreStrategic or Co-development Partner · 1 January 2025URMIA collaborates with Gamma Iota Sigma, a student organization dedicated to growing the talent pipeline for the insurance industry. URMIA exhibits at GIS regional and annual conferences to connect with students, promote free student membership, and discuss annual conference scholarships. URMIA presented sessions on understanding risk management in higher education at GIS regional conferences.
• Gallagher (Arthur J. Gallagher)coreChannel Partner/ Reseller/ DistributorURMIA partners with Gallagher to provide TULIP (Tenants' and Users' Liability Insurance Policy) coverage for third parties hosting events at member institution facilities. Gallagher administers the program and provides quotes through their website.
• RPS BolingercoreChannel Partner/ Reseller/ DistributorURMIA partners with RPS Bolinger to provide Youth Camps insurance for sports and academic camps hosted on member campus facilities. RPS Bolinger staff answer questions about coverage and costs.
• Spencer Educational FoundationminorGTM or Marketing PartnerURMIA partners with Spencer Educational Foundation to accept donations to the Lisa Zimmaro Internship Grant Fund and the Jenny Whittington Solo Risk Manager Professional Scholarship Fund as tax-deductible charitable expenses.
• ACUI (Association of College Union International)coreStrategic or Co-development PartnerURMIA co-locates the 2025 Eastern Regional Conference with ACUI in New York City, New York, partnering with campus colleagues who manage student affairs and conferences.
• ACCED-I (Association of College and Conference Educators for International Education)coreStrategic or Co-development PartnerURMIA co-locates the 2025 Western Regional Conference with ACCED-I in Albuquerque, New Mexico, partnering with campus colleagues who manage student affairs and conferences.
• NODA (National Orientation Directors Association)minorStrategic or Co-development PartnerURMIA presents sessions at NODA Annual Conference to position risk managers as campus resources and showcase student property program offerings.
• NACUBO (National Association of College and University Business Officers)minorStrategic or Co-development PartnerURMIA Executive Director participated in NACUBO conference general session panel, sharing insights on higher education transformation and risk management.
• NAEP (National Association of Educational Procurement)minorStrategic or Co-development PartnerURMIA Executive Director participated in NAEP Epic conference, discussing collaboration between risk and procurement professionals in higher education.

Scale indicators5 records

Expansion highlights5 records

Regional players

• ASBO International (Association of School Business Officials International): Association for K–12 and education-sector business officials; comparable member-based mission and risk/insurance resources, but focused on primary/secondary education rather than higher ed.

Direct peers

• PRIMA (Public Risk Management Association): Association for public-sector risk managers, with shared mission around risk identification, insurance, and ERM; comparable member-based model but focused on state/local government and public entities rather than higher education.
• United Educators: Higher-education-specific insurance and risk-management provider serving thousands of schools and colleges; directly comparable in mission (risk and insurance for higher ed) and member/customer base.
• EIIA (Educational & Institutional Insurance Administrators): Captive insurance and risk-pooling organization serving colleges, universities, and related institutions; competes for the same institutional buyer with insurance and risk-management solutions tailored to higher education.

Broad incumbents

• RIMS (Risk and Insurance Management Society): The largest global risk management professional association; overlaps with URMIA on risk-manager education, conferences, and credentials but addresses all industries rather than higher education specifically.
• NACUBO (National Association of College and University Business Officers): Leading higher education business officers association; overlaps on enterprise risk, compliance, and finance issues, with a broader remit than risk management and a co-partner relationship with URMIA at conferences.

Others

• CUPA-HR (College and University Professional Association for Human Resources): Higher education HR association; adjacent professional body whose institutional members overlap with URMIA's, particularly around risk and compliance topics like employment practices.

Emerging players

• NAEP (National Association of Educational Procurement): Higher education procurement association that URMIA's Executive Director has engaged on risk-procurement collaboration; serves an adjacent buyer persona at the same institutions.
• NODA (National Orientation Directors Association): Association for student transition and orientation professionals in higher education; partners with URMIA on risk-management programming for student-facing events.
• ACUI (Association of College Unions International): Higher education association for student union and campus life professionals; co-locates events with URMIA and shares the higher-ed member base around facility and event risk topics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/urmiamatters
• Facebookfacebook.com/URMIArisk
• LinkedInlinkedin.com/company/university-risk-management-and-insurance-association
• Xx.com/urmianetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about University Risk Management & Insurance Association