Michigan Municipal Risk Management Authority

What Michigan Municipal Risk Management Authority does

Michigan Municipal Risk Management Authority (MMRMA) is a member-owned and member-governed public entity self-insurance pool founded in 1980 in Livonia, Michigan, providing liability, property, and data breach/cyber coverage to over 400 Michigan governmental entities — including cities, counties, townships, villages, special districts, libraries, fire/EMS, courts, and transportation services, plus 19 community colleges via the affiliate Michigan Community College Risk Management Authority. Coverage includes auto, general liability, police professional, public official, and zoning/land use liability; building, contents, earthquake/flood, and auto physical damage property; and bundled-at-no-additional-cost cyber liability (network security, breach mitigation, PCI, social engineering). Members are served through in-house risk managers and a network of regional risk management agencies across Michigan, with an annual renewal questionnaire/proposal cycle driving quote-based contributions.

MMRMA supplements core coverage with award-winning training programs (PRIMA and AGRiP recognized), an in-house claims team of legal professionals and P&C adjusters, and grant programs — RAP Grants (since 1997) and CAP Grants (since 2015) — that have collectively returned over $21 million to members. Its captive insurance subsidiary, Greenstone Insurance, LLC (formed 2016), participates in the tiered casualty reinsurance structure, provides the aggregate excess policy required by Michigan statute for public entity risk pools, and writes short-term tax collection bonds for county members. Governance is exercised by a 10-person member-elected Board of Directors with over 100 member employees serving on standing and risk control advisory committees. Security posture aligns with NIST CSF v2.0 and CIS Controls v8, including AES-256 encryption, TLS 1.3, MFA, role-based access controls, and continuous anomaly detection.

The business model is subscription/recurring member contributions funded through annual renewal cycles, with additional professional services revenue through Greenstone. Distribution is direct (in-house risk managers) and channel (regional risk management agencies), supplemented by member events (annual meeting, risk management workshop) and content (Risk Journal newsletter, IT Risk Radar and Cyber Risk Brief podcasts, National News Roundup). Members access services via a secure online portal. The organization is not publicly traded, has no external parent or investors, and is governed by Michigan state law under a Joint Powers Agreement.

Name

Michigan Municipal Risk Management Authority

Legal name

Michigan Municipal Risk Management Authority

Website

https://mmrma.org

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Michigan Municipal Risk Management Authority is a member-owned public entity self-insurance pool founded in 1980, providing liability, property, and bundled cyber coverage to 400+ Michigan municipalities, counties, townships, special districts, and 19 affiliate community colleges.

Ownership category

akta.pro rank

Product category

Public Entity Risk Management and Insurance

NAICS

Insurance and Employee Benefit Funds (5251), Other Insurance Funds (525190)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industry

Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)

Keywords

• Public entity risk pool
• Municipal liability coverage
• Property insurance
• Cyber liability coverage
• Risk management services

Headquarters

HQ city

Livonia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Technology or R&D

Revenue model

1. Member Contributions (Premiums): MMRMA operates as a public entity self-insurance pool where member governmental entities pay contributions to participate in the coverage programs. These contributions fund the pool's ability to provide casualty, property, and data breach coverage to members.
2. Greenstone Insurance Services: Through Greenstone Insurance, LLC (captive insurance company), MMRMA writes short-term tax collection bonds for county members and participates in reinsurance structures, providing additional revenue streams.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

MMRMA is a member-owned public entity self-insurance pool that provides casualty coverage (auto, general liability, police professional, public official, zoning/land use), property coverage (building, contents, earthquake, flood, auto physical damage), and data breach/cyber liability coverage to over 400 Michigan governmental entities. Members also receive claims management, award-winning training programs, and grant funding (RAP and CAP) to support risk mitigation initiatives.

Product overview

MMRMA operates as a public entity self-insurance pool offering a unified risk management and insurance platform. The core offering consists of Casualty Coverage (Auto, General Liability, Police Professional, Public Official, Zoning/Land Use) and Property Coverage (Building and Contents, Earthquake/Flood, Auto Physical Damage, Fidelity). Data Breach and Cyber Liability Coverage is included at no additional cost. Supplementary services include Training Programs (awarded by PRIMA and AGRiP), RAP Grants for risk management projects, and CAP Grants for certification programs. Claims management is handled by an in-house team. The subsidiary Greenstone Insurance, LLC (formed 2016) manages reinsurance and provides specialized coverage. Members access services through a secure online portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Casualty Coverage Provides municipal liability coverage including Auto, General Liability, Police Professional, Public Official, and Zoning/Land Use coverages for Michigan governmental entity members.
• Property Coverage Provides property insurance covering Building and Contents, Earthquake and Flood, Auto Physical Damage, and Fidelity/Extra Expense/Volunteers for member entities.
• Data Breach and Cyber Liability Coverage

Quantifiable outcome

• Over $21 million in financial assistance provided to members through RAP and CAP grants
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Greenstone Insurance, LLCcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2016A captive insurance company formed in 2016 as a key strategic initiative of the Board of Directors. Greenstone participates in MMRMA's tiered casualty reinsurance structure, provides an aggregate excess policy required by Michigan statute for public entity risk pools, and writes short-term tax collection bonds for many county members. Greenstone also appears in MMRMA's privacy policy as an affiliated entity.
• Regional Risk Management AgenciescoreChannel Partner/ Reseller/ DistributorNetwork of regional risk management agencies across Michigan that represent MMRMA when discussing coverage and costs, act as liaisons between MMRMA and its members, and present annual renewal questionnaires and proposals to current members.
• Michigan Community College Risk Management AuthoritycoreOthers19 community colleges across Michigan comprise the Michigan Community College Risk Management Authority as affiliate members of MMRMA, accessing the same risk management coverage and services.
• Michigan Law Firms (Defense Counsel)coreImplementation/ SI/ Consulting PartnerSeveral Michigan law firms with expertise in municipal risk exposure provide defense counsel for MMRMA members. These firms have litigation experience in all areas of local government operations. MMRMA also retains general counsel for Board and Executive Director matters.
• Public Entity Pooling Auditors and ActuariesminorImplementation/ SI/ Consulting PartnerNationally recognized experts in public entity pooling audit MMRMA's financial records annually and prepare actuarial analyses of MMRMA's retained risk.
• Association of Government Risk Pools (AGRiP)minorStrategic or Co-development PartnerNational industry association for government risk pools. MMRMA participates in AGRiP conferences and education programs, and MMRMA's Executive Director served on AGRiP's Board of Directors.

Scale indicators6 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• Government Entities Mutual (GEM): Member-owned mutual insurance company providing coverage to public entities across multiple states. Directly comparable pooling/risk-sharing model serving municipalities; MMRMA's former Executive Director also sat on GEM's board.
• Michigan Schools Risk Management Authority: Michigan public entity risk pool providing property, liability, and related coverage to school districts. Directly comparable in operating model and Michigan geographic focus, though concentrated on K-12 education rather than general municipal government.
• Michigan Township Participating Plan (MTPP): Michigan-based public entity risk pool serving townships and similar local government units. Directly comparable to MMRMA in product (liability, property, auto coverage), governance (member-owned), and customer base (Michigan municipalities).
• CSAC Excess Insurance Authority (CSAC EIA): California public entity risk pool providing excess liability, property, and other coverage to counties, cities, and special districts. Directly comparable as a state-association-backed public entity risk pool with similar pooling/risk-sharing model.
• Michigan Community College Risk Management Authority: Affiliate member organization of 19 Michigan community colleges that accesses MMRMA coverage. Directly comparable pooling model serving a specific public-sector vertical (higher education) in Michigan.
• New York Municipal Insurance Reciprocal (NYMIR): Member-owned reciprocal insurance pool providing liability and property coverage to New York municipalities and public entities. Directly comparable as a state-focused public entity risk pool with similar governance and coverage structure.
• Texas Municipal League Intergovernmental Risk Pool (TMLIRP): One of the largest public entity risk pools in the US, providing property, liability, and workers' compensation coverage to Texas municipalities. Directly comparable as a member-owned government risk pool offering similar coverage lines and risk management services.

Others

• Public Risk Management Association (PRIMA): National trade association supporting public sector risk management practitioners. Not a competitor but a peer ecosystem — MMRMA's programs have won PRIMA recognition and the organization participates in PRIMA's network of risk pools.

Broad incumbents

• Arthur J. Gallagher & Co. Global insurance brokerage with a sizable public entity and public sector practice. Competes indirectly with MMRMA for municipal risk transfer business, especially in lines where commercial brokerage placement dominates; a broader incumbent rather than a member-owned pool.
• Marsh McLennan: Global insurance broker and risk advisor with a dedicated public entity practice. Indirect competitor for larger Michigan municipal accounts that prefer commercial brokerage placement over pooled coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/michigan-municipal-risk-management-authority
• Facebookfacebook.com/103162349749223

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Michigan Municipal Risk Management Authority