Risk Management Associates, Inc.

What Risk Management Associates, Inc. does

Risk Management Associates, Inc. is an insurance brokerage sub-unit affiliated with Brown & Brown (NYSE: BRO), headquartered in Daytona Beach, Florida, with a disclosed headcount of 18 employees. The firm operates under the bbpria.com web domain, indicating integration with Brown & Brown's broader retail brokerage platform. As a regional Florida brokerage, it serves local and mid-market commercial clients with commercial property/casualty insurance placement, risk management advisory, and brokerage services, leveraging the parent's carrier relationships, claims infrastructure, and back-office scale.

The firm's revenue mechanics follow the standard insurance brokerage commission model, supplemented by potential fee-based advisory income. Brown & Brown's continued Florida office expansion (including Fort Lauderdale growth announced March 2025), aggressive acquisition cadence (six deals in Q3 2024 including Davis & Davis Associates, plus Access Cover Note Surety Bonds and Kennedy Insurance), and new service launches such as Total Benchmark Settlement (TBS) provide the affiliate with shared-service leverage, expanded carrier access, and product-line extensions that flow through to local retail entities.

As an 18-employee operation, Risk Management Associates, Inc. operates at the small-affiliate end of the Brown & Brown retail footprint. The business model depends on relationship-driven local account servicing rather than technology differentiation. No proprietary AI/ML systems or differentiated technology platforms are disclosed at the affiliate level; the firm relies on standard brokerage tooling layered on the parent's institutional infrastructure. Customer concentration is structurally high at this scale, and growth is most likely tied to organic book-of-business expansion and selective tuck-in integration within the parent's roll-up strategy.

Name

Risk Management Associates, Inc.

Legal name

Brown & Brown, Inc.

Website

https://bbpria.com

Company type

Public

Founded year

1939

Operating status

Operating

Headcount range

11–50 employees

Short description

Risk Management Associates, Inc. is an 18-employee insurance brokerage affiliate of Brown & Brown (NYSE: BRO), providing commercial insurance placement and risk management services to regional clients from its Daytona Beach, Florida office.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

akta.pro secondary industries

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG), Employee Benefits Brokerage & Consulting (FSAEADAC)

Keywords

• Insurance brokerage
• Risk management
• Commercial insurance
• Employee benefits
• Personal lines insurance

Headquarters

HQ city

Not specified

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage and Risk Management Services: Brown & Brown generates revenue as an insurance and risk management brokerage firm, offering coordinated insurance, risk management, and employee benefits solutions to businesses and individuals. The company serves as an intermediary between insurance carriers and clients, earning commissions and fees for placing insurance coverage and providing risk management consulting services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Risk Management Associates, Inc. operates as an insurance brokerage and risk management agency, providing coordinated property & casualty, employee benefits, personal lines, and risk management solutions to businesses and individuals. Operating as part of the Brown & Brown network, the firm serves clients by placing insurance coverage with carriers and providing risk consulting, loss control, and claims advocacy services.

Product overview

Brown & Brown offers a comprehensive suite of insurance, risk management, and employee benefits solutions through a platform-plus-modules architecture. The core offerings include Property & Casualty Insurance, Employee Benefits Solutions, Personal Lines Insurance, Retirement and Wealth Solutions, Risk Management Services, and Consulting services. Each core area contains multiple specialized sub-products and modules covering specific coverage types such as Cyber Insurance, Workers' Compensation, Environmental Liability, Executive Liability, and various Personal Lines products. The integrated approach combines traditional insurance brokerage with advanced analytics solutions, captive insurance programs, and specialized consulting services to serve clients from individuals to complex multinational enterprises.

Differentiator

Problem solved

Functional benefit

Products and services

• Property & Casualty Insurance

Segments22 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Brown & Brown, Inc. NYSE-listed parent insurance brokerage (BRO) — most of the product, segment, and capability data in the input describes Brown & Brown's enterprise rather than the local 18-employee entity.
• Aon: Global professional services firm offering risk management, insurance brokerage, and HR consulting — competes for the same mid-market and large commercial accounts.
• Arthur J. Gallagher & Co. Top global insurance brokerage competing in retail, employee benefits, and risk management consulting; broader portfolio but overlaps in mid-market and specialty segments.
• Marsh McLennan: Global insurance brokerage and risk advisory leader; overlapping mid-market and consulting capabilities, though much larger and more enterprise-tilted.

Direct peers

• Acrisure: Tech-enabled insurance brokerage roll-up serving mid-market and commercial clients with multi-line products, heavily acquisitive model mirroring Brown & Brown's strategy.
• Risk Strategies Company: National insurance brokerage and risk management firm (and existing Brown & Brown subsidiary) with specialty expertise across healthcare, fine art, private client, and other verticals.
• USI Insurance Services: Middle-market insurance brokerage and risk management consulting firm with deep specialty practices across employee benefits, P&C, and personal lines — directly comparable in service breadth and client profile.
• Alliant Insurance Services: Specialty-focused insurance brokerage serving mid-market and complex risks with diversified industry verticals — strong structural parallel to the subject firm's verticalized approach.
• Hub International: Mid-market-focused insurance brokerage with multi-line P&C, employee benefits, and personal lines offerings across North America — the closest comparable to a multi-line local Brown & Brown office.
• Lockton Companies: Largest independent insurance brokerage with deep specialty practice expertise across P&C, employee benefits, and risk management; comparable in service mix and client-centric positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/brownbrowninc
• Facebookfacebook.com/brownbrowninc
• LinkedInlinkedin.com/company/risk-management-associates-inc.
• Instagraminstagram.com/brownbrowninc

Revenue estimate

Valuation estimate

Number of profiles

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 Risk Management Associates, Inc.