Summit Risk Services

What Summit Risk Services does

Summit Risk Services is a privately held Third Party Administrator (TPA) founded in 1996 and headquartered in Horsham, Pennsylvania. The company provides claim administration and risk management services on a contract basis to insurance carriers, insurance pools, and public entities across the United States. Its service portfolio spans four primary verticals: Property and Casualty, Professional Liability, Employment Practices Liability, and Public Entity Claims Handling, with the latter representing more than 5,000 school boards, municipalities, and police departments nationwide. Revenue is generated through contractual TPA fee arrangements negotiated on a per-client basis, with no publicly disclosed pricing or unit economics.

The company operates through a proprietary technology platform called Summit Claims, which provides clients with access to claim statistics, customized management reports, underwriting information retrieval, and timestamped adjuster notes. Service delivery is supported by a nationwide network of regional adjusters for Property and Casualty work and by staff with combined legal and adjusting backgrounds who handle complex matters such as Title IX claims, civil rights litigation, police professional liability, employment practices liability, and special education matters. Summit maintains significant Errors & Omissions coverage with a Fidelity Bond and administers draft accounts on behalf of client entities.

Summit reaches customers through direct enterprise sales engagements, a dedicated account contact (Alice Ivers), and a corporate website that includes a Report a Claim portal and dedicated pages for each service line. Marketing and business development are relationship-driven and targeted at risk managers and insurance administrators at large public entities and carrier organizations. The company shows no evidence of venture or private equity investment, no M&A activity, no leadership changes, and no public disclosures of revenue or financial performance. Footer references to bbinsurance.com suggest a possible corporate affiliation that is not formally documented in available sources.

Name

Summit Risk Services

Legal name

Summit Risk Services

Website

https://summitrisk.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Summit Risk Services is a Horsham, Pennsylvania-based Third Party Administrator founded in 1996 that provides claims administration and risk management services to insurance carriers, insurance pools, and more than 5,000 public entities nationwide across Property and Casualty, Professional Liability, Employment Practices Liability, and Public Entity lines.

Ownership category

akta.pro rank

Product category

Third Party Claims Administration

NAICS

Insurance Carriers (5241)

SIC

Services-Management Services (8741)

akta.pro primary industry

Claims Advocacy & Loss Recovery Services (FSAEADAH)

akta.pro secondary industry

Captive Insurance Advisory & Management (FSAEADAF)

Keywords

• Third party administration
• Claims administration
• Risk management services
• Professional liability claims
• Public entity insurance

Headquarters

HQ city

Horsham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Third Party Administrator Services: Summit Risk Services generates revenue as a Third Party Administrator (TPA) providing claims administration and risk management services for insurance carriers and insurance pools. Revenue is derived from contractual fee arrangements for administering Property and Casualty, Professional Liability, Employment Practices Liability, and Public Entity claims on behalf of clients.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Summit Risk Services is a Third Party Administrator that provides claims administration and risk management services for insurance carriers, insurance pools, and public entities on a contract basis. The company administers Property and Casualty, Professional Liability, Employment Practices Liability, and Public Entity claims nationwide, supported by its proprietary Summit Claims system for tracking, reporting, and underwriting data retrieval.

Product overview

Summit Risk Services operates as a unified Third Party Administrator and Risk Management platform providing Claim Administration and Risk Management Services. The core offering is Claim Administration supported by a proprietary Summit Claims System for claims tracking and reporting. The service portfolio consists of four specialized verticals: Property and Casualty (direct claims adjusting and oversight), Professional Liability (nationwide administration for educators, police, public officials, medical malpractice, D&O, and miscellaneous E&O), Employment Practices Liability (handling discrimination, harassment, ADA, Title VII, wrongful termination claims), and Public Entity Claims Handling (representing 5,000+ school boards, municipalities, and police departments). Services include full administrative support (data management, accounting, draft issuance, statistical reporting) combined with litigation management and settlement techniques.

Differentiator

Problem solved

Functional benefit

Products and services

• Claim Administration Core Third Party Administrator service involving timely review and management of insurance claims for insurance carriers and insurance pools, including investigation, evaluation, litigation management, and settlement handling, with prompt and accurate reporting to each individual client.
• Risk Management Services Comprehensive risk management services for nationwide accounts covering municipalities, police departments, school boards, and other public entities across multiple insurance verticals.
• Property and Casualty Claims Administration Specialized Property and Casualty claim handling offering direct claims adjusting, oversight, administrative services (data management, accounting, draft issuance, statistical reporting), and limited assignment adjustment services through a nationwide network of regional adjusters.
• Professional Liability Claims Administration Third Party Administration of Professional Liability claims for a nationwide book covering Educators Liability, Police Professional Claims, Public Officials Errors and Omissions, Medical Malpractice, Lawyers Legal Liability, Accountants and Real Estate Brokers E&O, Insurance Agents E&O, Directors and Officers, and miscellaneous E&O.
• Employment Practices Liability Claims Administration Third Party Administration of Employment Practices Liability claims handling issues including Sexual Harassment, ADA Claims, Title VII Claims, Wrongful Termination, Negligent Hiring, Negligent Supervision, Age Discrimination, and various forms of discrimination.
• Public Entity Claims Handling Third Party Administrator services for public entities representing more than 5,000 School Boards, Municipalities, and Police Departments, handling Title IX Claims, Employment Liability Claims, Civil Rights, First Amendment Claims, Police Brutality, and Special Education Matters.

Named customers5 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

Feature1 record

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Cannon Cochran Management Services (CCMSI): CCMSI is an independent TPA providing claims administration, loss control, and managed care to insurers and self-insureds. It is a direct peer of comparable size and service mix, particularly in commercial and public entity claims.
• ESIS Inc. ESIS is a global TPA owned by Chubb that delivers claims and risk management services to insurers and self-insureds. It is a direct peer in the same TPA category with comparable claims administration and managed services delivery model.
• CorVel Corporation: CorVel is a national TPA and risk management provider combining claims administration with technology-enabled services. It is a direct peer similar in delivering outsourced claims and managed care solutions to insurers and large risk pools.
• Crawford & Company: Crawford is a global claims management and TPA firm serving insurers, corporates, and public entities. It is a direct peer with comparable third-party claims administration scope across property, casualty, and liability lines.
• Sedgwick: Sedgwick is the largest independent TPA in the U.S., offering claims administration, managed care, and risk services across all major lines including public entity. It is a direct, scaled competitor to Summit in the same TPA category with overlapping service lines.
• Broadspire: Broadspire is a national third-party claims administrator offering property/casualty, liability, and workers' compensation claims management. It is a direct peer in the same TPA category with comparable carrier and large-insured client base.
• PMA Companies: PMA Companies is a provider of workers' compensation, property/casualty, and public entity insurance and TPA services. It is a direct peer especially aligned with Summit's public entity book of business.
• Gallagher Bassett: Gallagher Bassett is the claims management arm of Arthur J. Gallagher, providing TPA services including property/casualty, liability, and public entity claims. It is a direct peer with overlapping service portfolio and similar carrier-pool client base.

Broad incumbents

• Safety National: Safety National is a specialty insurance carrier and alternative risk/service provider that combines underwriting with TPA capabilities for public entities and large insureds. It is a broader incumbent that overlaps with Summit on public entity risk management and delegated claims.

Regional players

• Berkley Public Entity: Berkley Public Entity is a specialty carrier providing insurance and claims services to municipalities, schools, and law enforcement. It is a regional/specialized incumbent comparable to Summit on the public entity side, though it underwrites risk rather than serving purely as a TPA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Summit Risk Services