Kansas Municipal Insurance Trust

What Kansas Municipal Insurance Trust does

Kansas Municipal Insurance Trust (KMIT) is a self-funded, member-owned workers' compensation insurance pool serving Kansas public entities. Founded in 1994 as a program of the League of Kansas Municipalities and spun out as a standalone trust in 2013, KMIT underwrites workers' compensation coverage for approximately 177 public entities, including 169 cities, community colleges, water districts, townships, a county, an EMS provider, and the Kansas Municipal Energy Agency. The pool collects approximately $6 million in annual premiums and retains risk up to $850,000 per occurrence, with excess coverage provided by Safety National Casualty Corporation.

KMIT's product set centers on a single core offering (workers' compensation insurance) layered with claims management administered by Cowell Insurance Services, loss prevention and safety services delivered by IMA, Inc., a voluntary Safety Certification Program offering Bronze/Silver/Gold premium discounts, an online Risk Management Center, and annual Supervisor Seminars. The organization also recently launched KAHP, an association health plan extending coverage into health insurance. The trust is governed by an 11-member Board of Trustees drawn from member organizations, with no private equity, venture, or external ownership.

KMIT monetizes via annual subscription premiums billed to members, supplemented by payroll auditing (PAR) and actuary-supported reserve management (Milliman). Distribution combines a direct sales force, local insurance agent partnerships, and the official endorsement of the League of Kansas Municipalities. There is no proprietary technology platform or AI/ML capability; the underlying tech stack is limited to a basic member renewal portal and a third-party risk management video library.

Name

Kansas Municipal Insurance Trust

Legal name

Kansas Municipal Insurance Trust

Website

https://kmit.net

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

KMIT is a self-funded workers' compensation insurance pool serving approximately 177 Kansas public entities, including 169 cities, community colleges, water districts, and EMS providers, with about $6 million in annual premiums and member-owned governance.

Ownership category

akta.pro rank

Headquarters

HQ city

Wichita

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Workers' Compensation Insurance Premiums: KMIT generates revenue through annual insurance premiums paid by member public entities. The approximately $6 million in annual premiums funds claims payments, administrative costs, excess insurance coverage, and loss prevention services. The self-funded pool model allows members to share risk collectively.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Kansas Municipal Insurance Trust (KMIT) is a self-funded workers' compensation insurance pool founded in 1994 that provides coverage to Kansas public entities — primarily cities, plus community colleges, water districts, EMS services, townships, counties, and agencies. Coverage is delivered alongside dedicated claims management, loss prevention and safety services, a voluntary tiered Safety Certification Program offering premium discounts, an online Risk Management Center, and annual Supervisor Seminars.

Product overview

Kansas Municipal Insurance Trust (KMIT) operates as a single-product workers' compensation insurance program for Kansas public entities, providing coverage since 1994. The core offering is workers' compensation insurance, supplemented by integrated claims management services, loss prevention and safety programs through IMA, Inc., a voluntary Safety Certification Program with tiered premium discounts, an online Risk Management Center portal, and annual Supervisor Seminars. The organization serves approximately 174 cities, community colleges, EMS services, and other public entities across Kansas with approximately $6 million in annual premiums.

Differentiator

Problem solved

Functional benefit

Products and services

• Workers' Compensation Insurance Workers' compensation insurance coverage for Kansas public entities including cities, community colleges, water districts, and other municipal organizations, providing protection against workplace injuries and related costs through a self-funded pool structure.
• Claims Management Services Comprehensive claims processing and management services administered by Cowell Insurance Services, including claims filing, medical bill processing, and dedicated adjuster support for KMIT members.
• Loss Prevention and Safety Services Risk control and safety services provided through IMA, Inc., including on-site safety inspections, safety training workshops, online safety videos, and toolbox training topics to help prevent workplace injuries among member public entities.
• Safety Certification Program Voluntary loss prevention certification program that evaluates city management practices and safety activities, offering Bronze, Silver, and Gold level achievement awards with corresponding premium discounts for participating members.
• Supervisor Seminars Annual multi-stop 'World Supervisors Seminar Tour' providing free 2-hour training sessions for supervisors and managers covering workers' compensation management, best practices, new laws, and KMIT-specific procedures.
• KAHP Association Health Plan Association health plan offered by KMIT providing health insurance coverage to Kansas public entities, complementing its workers' compensation offering.

Quantifiable outcome

• Members can earn premium discounts through the Loss Prevention Safety Certification Program
• +1 more outcomes

Named customers6 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

Partnerships

Eight partnerships are on record, tiered core and major.

• League of Kansas Municipalities (LKM)coreStrategic or Co-development Partner · 1 January 1994KMIT was originally founded as a program of the League of Kansas Municipalities in 1994 and continues to be officially endorsed by LKM. The organization maintains a close relationship with LKM, which provides access to member cities and participates in KMIT coverage. KMIT maintains a presence at LKM's annual conference.
• Cowell Insurance ServicescoreImplementation/ SI/ Consulting PartnerCowell Insurance Services out of Overland Park, KS administers all KMIT claims. They provide two experienced adjusters dedicated exclusively to KMIT members with over 40 years of claims management experience. They handle all claims processing and medical bill payments.
• IMA, Inc.coreImplementation/ SI/ Consulting PartnerIMA, Inc. provides loss prevention and safety services for all KMIT members including safety training workshops, annual on-site inspections, and online safety videos through the Risk Management Center. They also assist with the Safety Certification Program evaluations.
• Safety National Casualty Corporation (SNCC)coreOthersSafety National Casualty Corporation out of St. Louis, MO provides KMIT's excess workers' compensation insurance. They are a leading provider of excess workers' compensation coverage to the public sector since 1942. KMIT holds both aggregate and specific excess coverage with them.
• MillimancoreImplementation/ SI/ Consulting PartnerMilliman out of Seattle, WA provides annual actuarial reports for KMIT, examining history and planning for the future of the pool. They have provided actuarial services since KMIT's inception in 1994.
• SSC CPA'smajorImplementation/ SI/ Consulting PartnerSSC CPA's out of Topeka, KS provide auditing services to KMIT including quarterly reports and annual audits of the insurance pool.
• Premium Audit Results (PAR)majorImplementation/ SI/ Consulting PartnerA division of Cowell James and Forge Insurance Group out of Kansas City, MO, PAR provides payroll auditing services for KMIT and its member cities beginning in late January each year.
• CornerstonemajorImplementation/ SI/ Consulting PartnerCornerstone out of Wichita, KS provides month-to-month financial services and Risk Management consulting to support KMIT's operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Missouri Public Entity Pool (MOPEP): MOPEP provides workers' compensation and liability insurance to Missouri public entities through a pooled, member-owned structure. Geographic adjacency to Kansas and comparable member types (cities, counties, special districts) make it a near-direct structural peer to KMIT.
• Public Agency Risk Sharing Authority of California (PARSA): PARSA is a California-based risk-sharing authority providing workers' compensation and other coverage to public agencies. Although geographically distant, its pooled, member-owned structure makes it directly comparable to KMIT's operating model.
• Texas Municipal League Intergovernmental Risk Pool: TMLIRP is a Texas-based intergovernmental risk pool providing workers' compensation, liability, and property coverage to Texas municipalities. It is the most structurally similar peer to KMIT, sharing the same self-funded municipal pool model, LKM-equivalent endorsement structure, and public entity member base.
• Iowa Communities Assurance Pool (ICAP): ICAP is an Iowa-based public entity risk pool providing workers' compensation and property/casualty coverage to Iowa cities and counties. It shares KMIT's self-funded pool model and member-owned governance structure, serving a comparable Midwestern public entity base.
• Wisconsin Municipal Mutual Insurance Company (WMMIC): WMMIC is a mutual insurance company owned by Wisconsin municipalities providing workers' compensation coverage. It mirrors KMIT's structure as a public-entity-owned insurance vehicle providing workers' comp specifically.

Broad incumbents

• Safety National Casualty Corporation: Safety National is KMIT's excess workers' compensation carrier and a leading broad-market provider of excess workers' comp to the public sector since 1942. While not a pool, it is a major incumbent player that competes indirectly with KMIT for primary coverage and sets pricing benchmarks.

Others

• National League of Cities (NLC): NLC is a national association representing municipal governments across the US. It functions as an industry association and referral channel for KMIT's model of state-level municipal insurance pools, similar to how the League of Kansas Municipalities endorses KMIT.
• IMA, Inc. IMA Inc. is KMIT's risk control and loss prevention services partner. While a service provider rather than a peer, IMA works with multiple public entity insurance pools and serves as a useful comparable for the broader ecosystem of vendors serving the municipal risk pool market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Kansas Municipal Insurance Trust