ICRMA

What ICRMA does

ICRMA (Independent Cities Risk Management Authority) is a California Joint Powers Authority (JPA) that provides risk management and pooled insurance coverage to municipal government members. Founded in 1980 and headquartered in Sacramento, California, ICRMA operates as a collaborative risk-sharing pool owned and governed by its member cities, with the explicit purpose of delivering cost stabilization and effective risk solutions for California public entities. The organization is not venture-backed, has no parent or holding entity, and is governed by a Board of Directors composed of representatives from member municipalities.

ICRMA's product offering is structured around four primary coverage lines—Liability, Workers' Compensation, Property, and Auto Physical Damage—delivered through a blend of self-insurance and reinsurance. These core programs are supplemented by insured programs covering Cyberliability, Earth Movement and Flood, Terrorism, Crime/Employee Dishonesty, and Special Event Liability. Supporting services include risk control resources, risk fund management, certificates of coverage, and training and EPL resources. Rather than proprietary technology, ICRMA leverages third-party platforms for service delivery: Zywave for learning management and compliance resources, Great American Insurance's Eagle Eye and eRiskHub for cyber risk assessment and incident response planning, and Cordico (via Lexipol) for confidential officer wellness services. ICRMA does not develop or deploy proprietary AI/ML systems.

ICRMA's revenue is generated through recurring membership contributions from participating California public entities. Member acquisition occurs through direct engagement with city governments and conference presence at CAJPA, AGRiP, League of California Cities, and CALPELRA events; the organization markets to prospective members at these industry conferences and through its website and quarterly ICRMA Insider newsletter. Governance is exercised by a Board of Directors drawn from member-city representatives. The organization has held CAJPA Accreditation with Excellence continuously since 2008, with renewed recognition in 2023. In December 2024, the Board approved Sedgwick as the new Program Administrator effective February 1, 2025—a material operational change in which Jon Paulsen (Senior Vice President of Public Entity Pooling) and Eric Dahlen (Director Pool Administration / incoming Executive Director) lead the new administration team, reshaping ICRMA's administrative backbone going forward.

Name

ICRMA

Legal name

Independent Cities Risk Management Authority

Website

https://icrma.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

ICRMA is a California Joint Powers Authority, founded in 1980, that delivers pooled risk management and insurance—including liability, workers' compensation, property, and auto coverage—to municipal government members across California.

Ownership category

akta.pro rank

Headquarters

HQ city

Sacramento

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Revenue model

1. Membership Contributions: ICRMA operates as a Joint Powers Authority where member cities pay contributions for participation in pooled risk programs including liability, workers' compensation, property, and other coverage programs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ICRMA is a California Joint Powers Authority (JPA) that provides pooled risk management and insurance coverage programs to California public entities, primarily its member cities. Founded in 1980 and headquartered in Sacramento, ICRMA offers liability, workers' compensation, property, and auto physical damage coverage, along with insured programs (cyber, earth movement & flood, terrorism, crime, special event liability), and risk control services to municipal governments.

Product overview

ICRMA (Independent Cities Risk Management Authority) is a risk management partner for public entities in California, offering cost stabilization and effective risk solutions through a multi-product portfolio. The core offerings include Liability coverage, Workers' Compensation coverage, Property coverage, and Auto Physical Damage coverage, all delivered through a self-insurance and reinsurance model. These core programs are supplemented by additional Insured Programs including Cyberliability, Earth Movement & Flood, Terrorism, Crime/Employee Dishonesty, and Special Event Liability coverage. Supporting services include Risk Control Resources, Risk Management Fund management, Certificates of Coverage, and Training Resources. ICRMA has been improving California communities through risk management since 1980 and is accredited with Excellence by CAJPA since 2008.

Differentiator

Problem solved

Functional benefit

Products and services

• Liability Coverage Program

Named customers13 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• SedgwickcoreStrategic or Co-development Partner · 16 December 2024Sedgwick was selected as ICRMA's new Program Administrator at the December 16, 2024 Board of Directors meeting. Sedgwick brings 40+ years of JPA administration experience and manages 3,000 public entities nationally. The transition is projected to begin February 1, 2025. The team is led by Jon Paulsen (Senior Vice President of Public Entity Pooling) and Eric Dahlen (Director Pool Administration, serving as Executive Director).
• California Association of Joint Powers Authorities (CAJPA)coreStrategic or Co-development PartnerCAJPA provides accreditation for Joint Powers Authorities. ICRMA has been accredited with Excellence by CAJPA since 2008. CAJPA's Accreditation program ensures quality and professional standards for risk management pools.
• AGRiPcoreStrategic or Co-development PartnerICRMA is a member of AGRiP (Association of Governmental Pools). Staff participate in AGRiP conferences and training including the AGRiP CEO Conference and AGRiP Staff Forum.
• League of California CitiesminorGTM or Marketing PartnerICRMA attended the League of California Cities Annual Conference in September 2026 as first-time exhibitors to market services to member cities.
• CALPELRAminorGTM or Marketing PartnerICRMA hosted an exhibit booth at the CALPELRA Annual Conference in Monterey (November) focusing on labor relations and human resources professionals from public sector.
• Great American InsurancecoreTechnology or IntegrationGreat American Insurance provides cyber liability coverage and tools including Eagle Eye (cyber risk assessment based on NIST framework) and eRiskHub (incident response planning and educational resources) for member cities.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• ERMA (Employment Risk Management Authority): California JPA specializing in employment practices liability and risk management for public agencies. Comparable JPA structure and California public-entity focus, though narrower coverage scope than ICRMA.
• MCJPIA (Major Cities Joint Powers Insurance Authority): California JPA pooling risk for larger California cities. While member cities are larger than ICRMA's independent cities, the JPA risk-pooling model, coverage lines, and member governance structure are highly comparable.
• CSAC Excess Insurance Authority (CSAC EIA): California JPA sponsored by the County Supervisors Association of California, providing excess insurance and risk management to counties and public agencies. Same California JPA legal structure and pooled insurance model as ICRMA, though focused on counties.
• SCORE (Small Cities Organized Risk Effort): California Joint Powers Authority providing pooled risk management programs (liability, property, workers' comp) to small and mid-sized California cities. Most directly comparable to ICRMA given its small-city focus and JPA structure.
• PRISM (Public Risk Innovation, Solutions, and Management): California JPA providing multi-line risk coverage and risk management services to public agencies statewide. Comparable JPA structure, broad product mix, and member-governed model overlap directly with ICRMA.
• VCJPA (Ventura County Joint Powers Authority): California JPA providing workers' compensation, liability, and property coverage to Ventura County public agencies. Comparable California JPA structure, pooled risk programs, and member-governed administration.
• CAPRI (California Association for Park and Recreation Insurance): California JPA providing liability and property insurance to parks and recreation districts. Operates under the same California JPA legal framework and risk-pooling model as ICRMA, though focused on a narrower agency segment.
• PARSAC (Public Agency Risk Sharing Authority of California): California JPA providing pooled liability, property, and workers' compensation coverage to public agencies. Highly comparable pooled-insurance model serving California public entities with similar JPA governance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

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 ICRMA