FICURMA

Name

FICURMA

Legal name

Florida Independent Colleges and Universities Risk Management Association, Inc.

Website

https://ficurma.org

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

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, Others

Revenue model

1. Membership Premiums/Insurance Contributions: As a not-for-profit risk retention pool, FICURMA generates revenue through membership premiums and insurance contributions from member institutions. The organization provides comprehensive risk management and insurance programs funded by member contributions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FICURMA is a not-for-profit private educational risk retention pool that provides its member institutions with a comprehensive risk management and insurance program. The program delivers increased insurance capacity and reduced rates through pooled risk, complemented by Loss Control Services and a Risk Management Information System (RMIS). Membership is restricted to not-for-profit institutions that are members of the Independent Colleges and Universities of Florida and the Florida Council of Independent Schools.

Product overview

FICURMA is a not-for-profit private educational risk retention pool offering its members a unified comprehensive risk management and insurance program. The core offering consists of three integrated service components: the Risk Management and Insurance Program itself (providing increased capacity and reduced rates), Loss Control Services, and a Risk Management Information System. All services are governed by member institutions and professionally staffed, exclusively serving not-for-profit institutions that are members of the Independent Colleges and Universities of Florida and the Florida Council of Independent Schools.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Management and Insurance Program

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Church Mutual Insurance Company: A specialty insurer focused on religious organizations, camps, and private schools, offering property/casualty and risk management services. Comparable as a mission-aligned carrier with deep education vertical expertise, though structured as a stock insurer rather than a member pool.
• Travelers Insurance: A major national insurer with a significant education industry practice providing property, liability, and risk management services to schools and universities. Relevant as the broader incumbent competing for the same Florida private education customers.
• Liberty Mutual Insurance: One of the largest U.S. property/casualty insurers with a dedicated education practice serving K-12 and higher education institutions. Represents the commercial competitive alternative that FICURMA's captive model is positioned against.

Others

• Aon: A global insurance brokerage and risk advisory firm with a dedicated education industry practice. Comparable as a distribution and risk advisory channel that competes with FICURMA's direct membership model for institutional risk budgets.
• Vertafore: A leading insurance technology provider offering agency management, rating, and risk management information systems. Relevant as an enabling technology vendor whose RMIS capabilities may either supplement or compete with FICURMA's in-house system.
• Marsh McLennan: A leading global insurance broker and risk management advisor serving educational institutions among many other sectors. Comparable as an incumbent intermediary that competes with pools like FICURMA for placement of education risk.

Direct peers

• United Educators: A nonprofit insurance company dedicated exclusively to education, providing property, casualty, and liability coverage plus risk management services to colleges, universities, and schools. The closest direct comparable to FICURMA in mission, captive/nonprofit structure, and member-focused risk offerings.
• Nonprofits' Insurance Alliance of California (NIAC): A 501(c)(3) insurance pool formed by and for nonprofit organizations, providing liability and property coverage at member-preferred rates. Highly comparable member-governed, mission-aligned pooled insurance model applied to the nonprofit sector.

Regional players

• Schools Insurance Authority (SIA): A California joint powers authority that provides property, liability, and workers' compensation coverage to school districts via a pooled structure. Comparable to FICURMA as a state-level pooled insurance entity serving education, though operating in a different geography and serving public districts.
• Schools Insurance Program for Employees (SIPE): A California-based joint powers authority pooling insurance for school employees; similar pooled-risk, member-governed structure serving the education vertical, but regional to California and focused on employee benefits rather than property/casualty.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ficurma

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 FICURMA