Illinois Public Risk Fund
- Company typePrivate
- Founded1985
- HeadquartersTinley Park, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Illinois Public Risk Fund firmographics
Firmographics- Name
- Illinois Public Risk Fund
- Legal name
- Illinois Public Risk Fund
- Website
- https://iprf.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Illinois Public Risk Fund industry classification
Industry- Product category
- Public Sector Workers Compensation Insurance
- NAICS
- Other Insurance Funds (525190), Other Insurance Funds (52519)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs) (FSAJAEAH)
- akta.pro secondary industries
- Self-Insured Workers’ Compensation Programs (FSAJAEAD), Workers’ Compensation Insurance (FSAJAMAF)
Keywords
Where Illinois Public Risk Fund is headquartered
LocationHeadquarters
- HQ city
- Tinley Park
- HQ country
- United States
- HQ region
- North America
Markets served
Illinois Public Risk Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Others
Illinois Public Risk Fund product offering
Product offeringCore offering
Illinois Public Risk Fund provides workers compensation and benefits administration services for public entities and governmental agencies. Operating as a risk pool since 1985, the organization pools risk among Illinois public-sector members to deliver cost-effective coverage and administrative services tailored to governmental employers.
Differentiator
Problem solved
Functional benefit
Products and services
- Workers Compensation Coverage
Companies that use Illinois Public Risk Fund
Customer profileIdeal customer profiles1 record
Illinois Public Risk Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Illinois Public Risk Fund partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights3 records
Illinois Public Risk Fund competitors and assessment
Company assessmentBroad incumbents
- CorVel Corporation: National workers' compensation and managed care services provider with TPA, claims management, and return-to-work programs—comparable WC administration capabilities though operating at much broader scale than a single-state pool.
- Sedgwick: Large third-party administrator handling workers' compensation claims and managed care services across multiple states and segments—a broader incumbent competitor/administrator that public risk pools like Illinois Public Risk Fund may use as a service partner or compete with for administration mandates.
- FCCI Insurance Group: Workers' compensation-focused insurer and services provider serving public entities and employer groups—comparable WC underwriting and administration orientation, though operating more broadly than a single-state pool.
- AF Group (Accident Fund Holdings): Workers' compensation insurance carrier and services group offering WC coverage and administration to public entities, employers, and groups—a larger incumbent offering overlapping products to public-sector clients.
Direct peers
- Illinois Counties Risk Management Trust (ICRMT): Risk management trust serving Illinois county governments with pooled insurance and administration services, including workers' compensation. Operates in the same state and public-entity vertical under the same pooled-fund structure.
- Park District Risk Management Agency (PDRMA): Illinois-based public risk pool providing workers' compensation, liability, and property coverage to park districts and similar public agencies—directly comparable in geography, customer segment, and risk-pool/administration model to Illinois Public Risk Fund.
- Illinois Public Employer Risk Management Association: Public-entity-focused risk pool in Illinois offering workers' compensation and related coverage to governmental employers—an in-state peer using the same pooled self-insurance model.
- Municipal Insurance Company of America: Public-entity-focused insurer providing workers' compensation and liability coverage to municipalities and governmental agencies—closely comparable product mix and customer base to Illinois Public Risk Fund.
Regional players
- Michigan Municipal Risk Management Authority: Municipal risk pool providing workers' compensation, liability, and property coverage to Michigan governmental entities—comparable pooled-fund and public-sector business model, but serving a different state than Illinois Public Risk Fund.
- Ohio Municipal Joint Self-Insurance Pool: Joint self-insurance pool serving Ohio municipalities with workers' compensation and related coverages—directly comparable self-insurance administration model, though regional rather than competing head-to-head in Illinois.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat3 records
Key risks3 records
Key highlights2 records
Customer concentration
Illinois Public Risk Fund social profiles
Digital presenceIllinois Public Risk Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Illinois Public Risk Fund leadership team
Management profileNumber of profiles
Illinois Public Risk Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Illinois Public Risk Fund 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 Illinois Public Risk Fund
What does Illinois Public Risk Fund do?
Illinois Public Risk Fund provides workers compensation and benefits administration services for public entities and governmental agencies. Operating as a risk pool since 1985, the organization pools risk among Illinois public-sector members to deliver cost-effective coverage and administrative services tailored to governmental employers.
Is Illinois Public Risk Fund a public or private company?
Illinois Public Risk Fund is a private company. It is classified as state government owned and is currently operating.
When was Illinois Public Risk Fund founded?
Illinois Public Risk Fund was founded in 1985. It employs 11 to 50 people.
Where is Illinois Public Risk Fund based?
Illinois Public Risk Fund is headquartered in Tinley Park, United States, in the North America region.
Who are Illinois Public Risk Fund's main competitors?
Broad incumbents on record are CorVel Corporation, Sedgwick, FCCI Insurance Group and AF Group (Accident Fund Holdings). Direct peers are Illinois Counties Risk Management Trust (ICRMT), Park District Risk Management Agency (PDRMA), Illinois Public Employer Risk Management Association and Municipal Insurance Company of America. Regional players are Michigan Municipal Risk Management Authority and Ohio Municipal Joint Self-Insurance Pool.
Does Illinois Public Risk Fund have an API?
No public API is recorded for Illinois Public Risk Fund.
What industry is Illinois Public Risk Fund in?
Illinois Public Risk Fund's product category is Public Sector Workers Compensation Insurance. Its primary akta.pro industry code is FSAJAEAH, Managed Workers’ Compensation (Loss Control, Claims & Return-to-Work Programs), with a secondary code of FSAJAEAD, Self-Insured Workers’ Compensation Programs. Its NAICS code is 525190 and its SIC code is 6331.