Intergovernmental Risk Management Agency
Intergovernmental Risk Management Agency (IRMA) is a non-profit, member-owned municipal risk pool founded in 1979 that provides workers' compensation, auto, and general liability coverage, claims management, loss prevention, and training to over 70 municipalities and special districts in Northeastern Illinois.
- Company typePrivate
- Founded1979
- HeadquartersWestchester, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Intergovernmental Risk Management Agency does
Intergovernmental Risk Management Agency (IRMA) is a non-profit, member-owned municipal risk pool founded in 1979 in Illinois, where it operates as the state's first intergovernmental risk-pooling entity. It serves over 70 municipalities and special districts in Northeastern Illinois — including cities, villages, fire protection districts, park districts, and communications authorities — providing pooled coverage for workers' compensation, auto liability, and general liability, along with professional claims management, loss prevention consulting, and tailored training services. Members are owners of the pool and govern it through a fully representative Board of Directors; all net investment gains are returned to members, and a uniform contribution formula incorporates each member's individual loss history to ensure accountability.
IRMA's commercial offerings comprise two streams. The primary stream is risk-pool membership, in which members pay annual contributions calibrated to their 5-year loss history, with a sliding-scale look-back that caps large losses. The secondary stream is TULIP (Tenant User Liability Insurance Program), a web-based platform that allows facility users to obtain short-term commercial general liability coverage for events at public facilities; the product is underwritten by Philadelphia Indemnity Insurance Company (A+ Superior) and distributed through Special Markets Insurance Consultants and Victor Insurance. Risk transfer above the pool's retained layer is supported by a relationship with Munich Re - America, whose underwriting review has publicly endorsed IRMA as among the best pools reviewed for risk-management depth and actuarially sound pricing.
The business is structured as a subscription-relationship GTM: prospective members inquire through contact channels, are evaluated via loss history and exposure analysis, and are admitted by membership vote. Distribution is fully direct with no resellers or intermediaries. IRMA operates from a single office at 999 Oakmont Plaza Drive, Suite 310, Westmont, Illinois, with 11-50 employees, and holds GFOA Accreditation of Excellence and AGRIP Accreditation.
Intergovernmental Risk Management Agency firmographics
Firmographics- Name
- Intergovernmental Risk Management Agency
- Legal name
- Intergovernmental Risk Management Agency
- Website
- https://irmarisk.org
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Intergovernmental Risk Management Agency (IRMA) is a non-profit, member-owned municipal risk pool founded in 1979 that provides workers' compensation, auto, and general liability coverage, claims management, loss prevention, and training to over 70 municipalities and special districts in Northeastern Illinois.
- Ownership category
- akta.pro rank
Intergovernmental Risk Management Agency industry classification
Industry- Product category
- Municipal Risk Pool Insurance
- NAICS
- Other Insurance Funds (52519)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Public Liability (Premises/Operations) (FSAJADAD)
- akta.pro secondary industry
- Enterprise Risk Management (ERM) Advisory (BPAHAFAA)
Keywords
Where Intergovernmental Risk Management Agency is headquartered
LocationHeadquarters
- HQ city
- Westchester
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Intergovernmental Risk Management Agency business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Risk Pool Premiums: Non-profit municipal risk pool that collects contributions from member municipalities. Returns all investment gains through diversified portfolio to members each year. Contribution formula incorporates individual member losses for appropriate accountability.
- TULIP Premiums: Short-term liability insurance premiums for facility users renting public entity properties. Premium costs based on nature of event, duration, number of participants, level of risk, and special underwriting requirements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Non-profit membership contribution model |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Intergovernmental Risk Management Agency product offering
Product offeringCore offering
IRMA is a non-profit, member-owned municipal risk pool that provides comprehensive risk management solutions to public entities in Northeastern Illinois, including workers' compensation, auto liability, and general liability coverage. The organization offers professional claims management, loss prevention services, and tailored training to over 70 municipalities and special districts. Its TULIP program provides tenant user liability insurance for events held at public facilities.
Product overview
IRMA offers a unified risk management platform for public entities comprising core insurance coverage products (workers' compensation, auto, and general liability) and service modules (claims management, loss prevention consulting, and training). The flagship TULIP program provides specialized tenant user liability insurance for events at public facilities. All offerings are delivered through a member-owned, non-profit municipal risk pool model established in 1979, serving over 70 municipalities in Illinois.
Differentiator
Problem solved
Functional benefit
Products and services
- Comprehensive Risk Management Services Long-term, full-service risk management solution providing comprehensive coverage including workers' compensation, auto, and general liability for public entities, with expert claims management and professional risk management consulting.
- TULIP (Tenant User Liability Insurance Program)
Quantifiable outcome
- Premium spikes and policy cancellations avoided through 5-year look-back and sliding scale
- +1 more outcomes
Companies that use Intergovernmental Risk Management Agency
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles3 records
Intergovernmental Risk Management Agency technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Intergovernmental Risk Management Agency partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Munich Re - AmericacoreLeading reinsurance company that conducted underwriting review of IRMA, providing external validation of IRMA's risk management program quality, loss control training, and actuarially sound pricing for the retained layer.
- Philadelphia Indemnity Insurance CompanycoreA+ (Superior) rated insurance company that underwrites the TULIP (Tenant User Liability Insurance Program). Financial Size Category XIV ($1.5 Billion to $2 Billion policy holders' surplus).
- SMIC / Special Markets Insurance ConsultantscoreInsurance brokers who manage TULIP program distribution. Contact: (800) 727-7642 ext. 6116. Handle general and liquor liability applications for special events at public facilities.
- Victor InsuranceminorInsurance agency contact for TULIP program inquiries. Contact: Jessica Mendez, [email protected]
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Intergovernmental Risk Management Agency competitors and assessment
Company assessmentBroad incumbents
- Marsh McLennan (Public Entity Practice): Marsh McLennan operates one of the largest public-sector insurance brokerage practices in the U.S. It is not a pool, but it competes with IRMA for municipal risk-management mandates and serves as an incumbent alternative for member recruitment and retention benchmarking.
- Arthur J. Gallagher & Co. (Public Sector Practice): Gallagher is a global insurance brokerage with a substantial public-sector practice that competes for municipal risk placements. While it is an intermediary rather than a pool, it represents the commercial alternative IRMA members might choose, and is a useful benchmark for service and pricing.
Direct peers
- Washington Cities Insurance Authority (WCIA): WCIA is a Washington-state municipal risk pool providing liability, property, and related coverage to cities and special-purpose districts. Directly comparable to IRMA in pooling structure, public-entity member base, and self-governed non-profit model.
- Ohio Municipal Joint Self-Insurance Pool: Ohio Municipal Joint Self-Insurance Pool aggregates Ohio municipalities for shared risk management and insurance purchasing. Directly comparable pooling model for Midwestern public entities.
- Texas Municipal League Intergovernmental Risk Pool (TMLIRP): TMLIRP is one of the largest municipal risk pools in the U.S., providing liability, workers' compensation, and property coverage to Texas cities. Comparable member-owned structure and comprehensive line offerings make it a direct scale peer to IRMA.
- Wisconsin Municipal Mutual Insurance Company (WMMIC): WMMIC provides liability, property, and auto coverage to Wisconsin municipalities and special districts on a mutualized basis. Same intergovernmental-pool concept, same public-entity customer base, and similar Midwestern regional footprint.
- Michigan Municipal Risk Management Authority (MMRMA): MMRMA is a member-owned municipal risk pool serving Michigan municipalities with workers' compensation, liability, and property coverage. It is the most direct functional analog to IRMA — same intergovernmental pool structure, same lines of coverage, same public-entity customer base.
- New York Municipal Insurance Reciprocal (NYMIR): NYMIR is a reciprocal insurance pool providing liability and related coverage to New York municipalities. Comparable pooling structure and public-entity focus, though operating in a different region under reciprocal rather than intergovernmental legislation.
Others
- Association of Governmental Risk Pools (AGRIP): AGRIP is the industry association that accredits and represents public-entity risk pools like IRMA. It is not a peer in the competitive sense, but it serves as the governing ecosystem body — IRMA holds AGRIP Accreditation and benchmarks operating standards through it.
Regional players
- Florida League of Cities Insurance Trust: Florida League of Cities operates a public-entity insurance trust offering liability, property, and workers' compensation to Florida municipalities. Comparable pooling function but geographically distinct, serving as a regional analog illustrating how the model scales in other states.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Intergovernmental Risk Management Agency social profiles
Digital presenceIntergovernmental Risk Management Agency compliance and trust
Trust signalCompliance2 records
Intergovernmental Risk Management Agency financial estimates
Financial estimateRevenue estimate
Valuation estimate
Intergovernmental Risk Management Agency leadership team
Management profileNumber of profiles
Intergovernmental Risk Management Agency funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Intergovernmental Risk Management Agency 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 Intergovernmental Risk Management Agency
What does Intergovernmental Risk Management Agency do?
IRMA is a non-profit, member-owned municipal risk pool that provides comprehensive risk management solutions to public entities in Northeastern Illinois, including workers' compensation, auto liability, and general liability coverage. The organization offers professional claims management, loss prevention services, and tailored training to over 70 municipalities and special districts. Its TULIP program provides tenant user liability insurance for events held at public facilities.
Is Intergovernmental Risk Management Agency a public or private company?
Intergovernmental Risk Management Agency is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Intergovernmental Risk Management Agency founded?
Intergovernmental Risk Management Agency was founded in 1979. It employs 11 to 50 people.
Where is Intergovernmental Risk Management Agency based?
Intergovernmental Risk Management Agency is headquartered in Westchester, United States, in the North America region.
How does Intergovernmental Risk Management Agency make money?
Two revenue lines are on record. Risk Pool Premiums are the primary driver. The others are TULIP Premiums.
Who are Intergovernmental Risk Management Agency's main competitors?
Broad incumbents on record are Marsh McLennan (Public Entity Practice) and Arthur J. Gallagher & Co. (Public Sector Practice). Direct peers are Washington Cities Insurance Authority (WCIA), Ohio Municipal Joint Self-Insurance Pool, Texas Municipal League Intergovernmental Risk Pool (TMLIRP), Wisconsin Municipal Mutual Insurance Company (WMMIC), Michigan Municipal Risk Management Authority (MMRMA) and New York Municipal Insurance Reciprocal (NYMIR). Association of Governmental Risk Pools (AGRIP) is listed as an others. Florida League of Cities Insurance Trust is listed as a regional player.
Does Intergovernmental Risk Management Agency have an API?
No public API is recorded for Intergovernmental Risk Management Agency.
What industry is Intergovernmental Risk Management Agency in?
Intergovernmental Risk Management Agency's product category is Municipal Risk Pool Insurance. Its primary akta.pro industry code is FSAJADAD, Public Liability (Premises/Operations), with a secondary code of BPAHAFAA, Enterprise Risk Management (ERM) Advisory. Its NAICS code is 52519 and its SIC code is 6331.