Risk Management Services
Risk Management Services, LLC is a privately-held Louisiana-based third party administrator, founded 1995, providing workers' compensation claims administration and ancillary risk management services to Self-Insured Funds and Self-Insured Employers across Louisiana and Oklahoma.
- Company typePrivate
- Founded1995
- HeadquartersBaton Rouge, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Risk Management Services does
Risk Management Services, LLC (RMS) is a privately-held third party administrator founded on January 1, 1995 in Baton Rouge, Louisiana by Jean L. Robért. The company provides individual and full-service workers' compensation claims administration and ancillary risk management services to Self-Insured Funds (SIFs) and Self-Insured Employers (SIEs) throughout Louisiana and, since April 2016, Oklahoma. Its service portfolio spans seven integrated capabilities: claims administration (state workers' compensation, US Longshore and Harbor Workers, Jones Act, and general liability), loss prevention and safety consulting, accounting, marketing, underwriting and policy services, excess insurance placement, and data management through a proprietary claims information management system with configurable reporting.
RMS generates revenue through professional services fees for administering self-insurance programs on behalf of association trusts and individual self-insured employers. Three flagship association programs — the Louisiana Health Care Self Insurance Fund (LHCSIF), the Louisiana Automobile Dealers Association Self-Insurers' Trust Fund (LADA-SIF, since 1998), and the Louisiana Home Builders Association General Liability Trust (LHBA GL Trust) — anchor the client base and illustrate the firm's vertical specialization in healthcare, automotive retail, and construction. Pricing is quote-based and not publicly disclosed; distribution is direct, with services delivered as an extension of each client's operations. Go-to-market relies on association referrals and direct sales-led relationships rather than digital channels.
The business is differentiated primarily by deep regulatory expertise — RMS takes a leadership role in Louisiana workers' compensation legislative and regulatory agendas, and its CFO Albert E. Roevens Jr. authored Louisiana Revised Statutes on WC regulations — and by senior talent averaging 20–35 years of industry experience. The company maintains a wholly-owned subsidiary, RMS Claims & Risk Services, LLC, and operates a secondary office in Oklahoma City following the April 2016 acquisition of a regional TPA. No external investors, parent companies, or capital markets activity are disclosed.
Risk Management Services firmographics
Firmographics- Name
- Risk Management Services
- Legal name
- Risk Management Services, LLC
- Website
- https://rmsla.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Risk Management Services, LLC is a privately-held Louisiana-based third party administrator, founded 1995, providing workers' compensation claims administration and ancillary risk management services to Self-Insured Funds and Self-Insured Employers across Louisiana and Oklahoma.
- Ownership category
- akta.pro rank
Risk Management Services industry classification
Industry- Product category
- Workers' Compensation Third Party Administration
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH)
- akta.pro secondary industry
- Claims Administration & TPA Services (FNOL, Subrogation, Litigation Mgmt) (TLABANAH)
Keywords
Where Risk Management Services is headquartered
LocationHeadquarters
- HQ city
- Baton Rouge
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Risk Management Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Third-Party Administration Services: Provides full-service support to Self-Insured Funds and Self-Insured Employers including claims administration, loss prevention, accounting functions, marketing, underwriting and policy services, excess insurance coverage placement, and data management. Revenue generated through service fees for administering workers' compensation programs.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Risk Management Services product offering
Product offeringCore offering
Risk Management Services, LLC operates as a Third Party Administrator providing full-service workers' compensation administration to Self-Insured Funds (SIFs) and Self-Insured Employers (SIEs) across Louisiana and neighboring states. Its integrated service portfolio spans claims administration (including Federal Longshore, Harbor Workers, Jones Act, and general liability claims), loss prevention, accounting, marketing, underwriting and policy services, excess insurance placement, and data management through a state-of-the-art claims information management system.
Product overview
Risk Management Services, LLC (RMS) operates as a Third Party Administrator providing a comprehensive suite of integrated services for Self-Insured Funds (SIFs) and Self-Insured Employers (SIEs). The company's service portfolio encompasses seven core capabilities: Claims Administration (handling workers' compensation, US Longshore and Harbor Workers, Jones Act, and general liability claims), Loss Prevention Services (safety surveys, on-site inspections, OSHA compliance), Accounting Services, Marketing Services, Underwriting & Policy Services, Excess Insurance Placement, and Data Management. RMS administers three major client programs: the Louisiana Health Care Self Insurance Fund (LHCSIF) for healthcare workers' compensation, the Louisiana Automobile Dealers Association Self-Insurers' Trust Fund (LADA-SIF), and the Louisiana Home Builders Association General Liability Trust (LHBA GL Trust). The company was founded in 1995 and serves clients throughout Louisiana and neighboring states.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Cost containment through holding doctors and hospitals accountable
- +1 more outcomes
Companies that use Risk Management Services
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Risk Management Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Risk Management Services partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered regulatory, minor and core.
- Louisiana Department of Labor, Office of Workers' CompensationregulatoryRegulatory body overseeing workers' compensation matters in Louisiana; RMS coordinates rate filings with this agency
- Louisiana Department of InsuranceregulatoryState regulatory agency overseeing insurance matters; RMS coordinates rate filings and regulatory compliance
- Louisiana Association of Self Insured Employers (LASIE)minorIndustry association for self-insured employers in Louisiana
- Louisiana Public Risk Management AssociationminorIndustry association for public risk management entities in Louisiana
- Occupational Safety and Health Administration (OSHA)regulatoryFederal agency setting workplace safety standards; RMS provides OSHA compliance assistance and reporting guidance to clients
- Excess Insurance CarrierscoreTop carriers providing excess coverage options to protect against catastrophic claims; RMS has developed relationships with multiple carriers to provide clients several excess coverage options
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Risk Management Services competitors and assessment
Company assessmentDirect peers
- York Risk Services Group: Specialty TPA providing workers' compensation, liability, and claims administration services to self-insured entities. Comparable service mix and self-insurance market focus to RMS.
- Crawford & Company: Global claims management and third-party administration firm serving insurance carriers, self-insureds, and corporations. Comparable to RMS in workers' comp and self-insured claims administration, with broader geographic and line-of-business coverage.
- TRISTAR Insurance Group: Independent TPA and risk management firm offering claims administration, loss control, and managed care services to self-insured employers. Comparable business model and customer profile to RMS.
- Sedgwick: Largest independent third-party administrator in North America, providing claims management and loss adjusting across workers' comp, property, casualty, and disability lines. Most directly comparable peer to RMS at a national scale.
- PMA Management / AF Group: Workers' compensation focused TPA and managing general agent serving self-insured employers and group funds. Closest mid-market peer to RMS in terms of SIF/SIE administration model.
- CCMSI (Cambridge Claims Management Solutions): Mid-sized independent TPA specializing in workers' compensation claims administration for self-insured employers and group self-insurance funds. Closely comparable service model and client base to RMS.
- Helmsman Management Services: Liberty Mutual subsidiary providing TPA services for self-insured workers' compensation programs. Directly comparable claims administration and loss control offering for self-insured employers.
Others
- Mitchell International: Claims management technology and workflow provider to P&C insurers and TPAs. Adjacent rather than competing directly, but represents the technology direction RMS would need to invest in to remain competitive.
Broad incumbents
- Safety National: Large workers' compensation insurer and excess carrier that also provides TPA-adjacent services to self-insured employers. Comparable workers' comp specialization but at carrier scale rather than pure TPA.
- AmTrust Financial Services: Workers' compensation and small commercial insurance carrier with self-insurance administration capabilities. Overlaps with RMS in workers' comp risk management but operates at much larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Risk Management Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Risk Management Services leadership team
Management profileNumber of profiles
Profiles6 records
Risk Management Services subsidiaries and ownership
Company hierarchySubsidiaries1 record
Risk Management Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Risk Management Services 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 Risk Management Services
What does Risk Management Services do?
Risk Management Services, LLC operates as a Third Party Administrator providing full-service workers' compensation administration to Self-Insured Funds (SIFs) and Self-Insured Employers (SIEs) across Louisiana and neighboring states. Its integrated service portfolio spans claims administration (including Federal Longshore, Harbor Workers, Jones Act, and general liability claims), loss prevention, accounting, marketing, underwriting and policy services, excess insurance placement, and data management through a state-of-the-art claims information management system.
Is Risk Management Services a public or private company?
Risk Management Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Risk Management Services founded?
Risk Management Services was founded in 1995. It employs 1 to 10 people.
Where is Risk Management Services based?
Risk Management Services is headquartered in Baton Rouge, United States, in the North America region.
How does Risk Management Services make money?
One revenue line is on record: third-Party Administration Services.
Who are Risk Management Services's main competitors?
Direct peers on record are York Risk Services Group, Crawford & Company, TRISTAR Insurance Group, Sedgwick, PMA Management / AF Group, CCMSI (Cambridge Claims Management Solutions) and Helmsman Management Services. Mitchell International is listed as an others. Broad incumbents are Safety National and AmTrust Financial Services.
Does Risk Management Services have an API?
No public API is recorded for Risk Management Services.
What industry is Risk Management Services in?
Risk Management Services's product category is Workers' Compensation Third Party Administration. Its primary akta.pro industry code is BPACAGAH, Co-Employment Risk Management & Insurance (Workers’ Comp, Liability), with a secondary code of TLABANAH, Claims Administration & TPA Services (FNOL, Subrogation, Litigation Mgmt). Its NAICS code is 5242 and its SIC code is 6411.