State Risk and Insurance Management Association

What State Risk and Insurance Management Association does

STRIMA, the State Risk and Insurance Management Association, is a U.S.-domiciled nonprofit professional association founded in 1974 by four state government risk and insurance managers at the Atlanta airport. It serves heads of state government risk and insurance units across all 50 U.S. states and Canadian provinces, addressing exposures unique to the public sector including multi-billion-dollar property valuations, state-wide corrections and transportation systems, state park facilities, higher education risk operations, complex workers' compensation programs, and tort and liability departments operating under legislative oversight.

The association does not develop or sell technology products. Its core offerings are membership services: an annual five-day educational conference held in rotating cities (2025 in Jekyll Island, Georgia; 2026 in Knoxville, Tennessee), a member forum for peer-to-peer exchange of data, forms, and ideas, the AFIRM Award for Innovative Risk Management, the lifetime PEER Award, and digital touchpoints including the strima.org website, member portal, and LinkedIn presence. Associate members include insurance carriers, brokers, and risk-services firms that pay dues, sponsor the annual conference, and exhibit their offerings to state members.

Revenue is generated through three recurring streams: state membership dues (billed annually following the fall conference), associate member dues (reviewed and set annually by the Board), and annual conference registration and sponsor contributions. Pricing is not publicly disclosed and varies by membership class; the cap of three deputy officials per state mechanically bounds state-member count. The organization operates out of Bismarck, North Dakota, is governed by an elected Executive Board, and runs with a small staff footprint consistent with a community-of-practice model rather than a scaled enterprise.

Name

State Risk and Insurance Management Association

Legal name

State Risk and Insurance Management Association

Website

https://strima.org

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

STRIMA is a 1974-founded nonprofit professional association that convenes risk and insurance managers from all 50 U.S. states and Canadian provinces for peer networking, an annual conference, and innovation awards, funded by state dues, associate member dues, and conference sponsorships.

Ownership category

akta.pro rank

Product category

Public Sector Risk Management Association Services

NAICS

Professional Organizations (813920), Business Associations (813910)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Association & Society Conference Management (Nonprofit, Professional Bodies) (THAHACAA)

Keywords

• Public sector risk management
• State government insurance
• Risk management association
• Public entity insurance
• Insurance procurement

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. State Membership Dues: State governments pay annual membership dues to belong to STRIMA. Deputy members represent state governments and manage risk/insurance procurement functions.
2. Associate Membership Dues: Non-state government companies (Associate Members) pay annual dues to participate in association activities and attend the annual conference. Dues are reviewed annually and established through Board approval.
3. Annual Conference Fees: Revenue generated from the annual educational conference held in September in different cities, which includes registration fees and sponsor contributions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

STRIMA is a nonprofit professional association that delivers membership services to state government risk and insurance managers. Its core offerings include tiered membership (State Members and Associate Members), an annual five-day educational conference with networking, a peer-to-peer member forum for sharing data, forms and programs, and recognition programs (AFIRM Award for Innovative Risk Management and the lifetime PEER Award).

Product overview

State Risk and Insurance Management Association (STRIMA) is a professional nonprofit association founded in 1974, not a technology product company. STRIMA provides organizational membership services including annual educational conferences, professional networking opportunities, awards programs (AFIRM Award for Innovative Risk Management and PEER Award), a member forum for peer-to-peer knowledge exchange, and newsletter communications. The association connects state government risk and insurance managers with associate member companies through events and committees. No discrete technology products, modules, or software offerings are identified in the available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• State Membership Annual membership for state governments whose Deputy Members (heads of risk management or insurance procurement units, up to three per state) belong to STRIMA. Provides access to peer-to-peer networking, the annual educational conference, the member forum, and recognition programs. Open to all 50 US states plus Canadian provinces.
• Associate Membership Annual membership for insurance brokers, risk management consultants, claims management firms, and other companies serving the public entity risk management industry. Provides networking access to state risk management decision-makers, annual conference participation, exhibit opportunities, and sponsorship access. Applications are reviewed and approved by the Board; Associate Members have no voting rights and cannot attend the annual business meeting.
• Annual Educational Conference STRIMA's flagship five-day annual conference delivering educational programming, associate member exhibits, state-led discussions, round table forums, and networking events for state government risk and insurance managers and Associate Member companies. Registration fees and sponsor contributions fund the event.
• AFIRM Award for Innovative Risk Management Annual recognition award that honors a state member for an innovative, impactful, and effective risk management process, program, or tool it has implemented. The 2024 AFIRM Award was presented to Utah for its Captive Insurance Company for Liability program.
• STRIMA PEER Award Lifetime recognition award given to a State Member who has provided great service to STRIMA and moved the organization forward. The award has no set criteria and is not presented on a fixed annual schedule.
• Member Forum and Member-Only Resources Online member portal and forum available to State and Associate Members, supporting peer-to-peer sharing of data, programs, solutions, forms, and ideas within the state government risk management community.

Quantifiable outcome

• Member testimonials cite invaluable friendships, camaraderie, and lifetime trusting relationships developed through STRIMA conferences
• +1 more outcomes

Named customers3 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

Partnerships

Eight partnerships are on record, tiered minor.

• Alliant Insurance Services, Inc.minorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Provides insurance services and supports STRIMA's annual conference and mission to advance risk management in the public sector.
• Young & AssociatesminorGTM or Marketing Partner · 1 January 20252025 conference sponsor supporting STRIMA's annual educational conference and initiatives.
• AmWINS Group, Inc.minorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Insurance specialty broker supporting STRIMA events and programs.
• AONminorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Global professional services firm providing risk consulting and insurance services.
• Arthur J. GallagherminorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Global risk management and insurance brokerage firm.
• WTWminorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Global advisory, broking, and solutions company serving the risk management industry.
• TravelersminorGTM or Marketing Partner · 1 January 20252025 conference sponsor. Major property and casualty insurance company supporting STRIMA.
• CCMSI (Crawford & Company Management Services, Inc.)minorGTM or Marketing PartnerSheila Reinhart serves as Associate Advisor to the STRIMA Board representing CCMSI, a claims and risk management services company.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/state-risk-and-insurance-management-association

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 State Risk and Insurance Management Association