Associated Risk Managers of Illinois
Member-owned network of 20 independent insurance agencies in Illinois, affiliated with the national Associated Risk Managers International (130+ agencies, $3.5B+ in P&C premiums). Operates proprietary programs including Prairie State Insurance Cooperative for K-12 school districts and PPP for Dentists.
- Company typePrivate
- Founded1974
- HeadquartersSaint John, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Associated Risk Managers of Illinois does
Associated Risk Managers of Illinois is a member-owned cooperative network of 20 independent insurance agencies operating in Illinois, established in 1974 as a regional affiliate of Associated Risk Managers International (ARMI), the parent organization founded in 1970. The organization serves as a wholesale aggregator and program sponsor for its member agencies, pooling collective buying power to access specialty insurance markets, proprietary underwriting programs, and carrier relationships that individual independent agents could not obtain independently. Its flagship offering is the Prairie State Insurance Cooperative (PSIC), which provides property/casualty coverage to 219 K-12 school district members and workers' compensation coverage to 178 members across Illinois, supplemented by the PPP for Dentists specialty program and cross-network access to ARM International Programs.
The business model rests on three core revenue mechanics: member agency dues and participation fees for network affiliation, commission overrides on proprietary programs like PSIC and PPP for Dentists, and negotiated carrier/wholesale arrangements with Arthur J. Gallagher (co-brokerage), RPS and Arlington Roe (wholesale), and capacity providers including Chubb, AIG, American Modern, and Iroquois. Technology infrastructure is outsourced to standard industry vendors (Vertafore, Applied Systems for agency management; Gallagher Bassett for claims), with no proprietary platform or AI-driven capabilities disclosed. Nationally, ARMI encompasses 130+ member agencies generating in excess of $3.5 billion in property and casualty premium volume, lending Illinois members scale advantages in carrier negotiations despite the Illinois entity itself operating with a thin central staff of 1-10 employees under Executive Director Craig Payan and Office Manager/Corporate Secretary Barb Amft.
The go-to-market approach targets independent insurance agency principals seeking specialty market access and program affiliation rather than direct insurance buyers. Member agencies retain client ownership while ARM of Illinois provides back-office program administration, carrier access, and risk management support. Geographic concentration is wholly Illinois, with operational presence in St. John, Indiana and Riverdale, Illinois. The entity is privately held and member-owned, with no public disclosures of revenue, capital structure, or growth metrics, making the underlying financial profile of the Illinois entity unobservable.
Associated Risk Managers of Illinois firmographics
Firmographics- Name
- Associated Risk Managers of Illinois
- Legal name
- ARM of Illinois, Inc.
- Website
- https://armofil.com
- Company type
- Private
- Founded year
- 1974
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Member-owned network of 20 independent insurance agencies in Illinois, affiliated with the national Associated Risk Managers International (130+ agencies, $3.5B+ in P&C premiums). Operates proprietary programs including Prairie State Insurance Cooperative for K-12 school districts and PPP for Dentists.
- Ownership category
- akta.pro rank
Associated Risk Managers of Illinois industry classification
Industry- Product category
- Insurance Services
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance and Employee Benefit Funds (5251)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Captive Insurance Advisory & Management (FSAEADAF)
Keywords
Where Associated Risk Managers of Illinois is headquartered
LocationHeadquarters
- HQ city
- Saint John
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Associated Risk Managers of Illinois business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Insurance Program Access and Commissions: ARM generates value for member agencies by providing access to aggregated insurance markets, niche programs, and carrier partnerships. Members benefit from commission and override opportunities through the network's co-brokerage arrangements with carriers such as Arthur J Gallagher, RPS, Arlington Roe, and others. Revenue flows to member agencies through commissions on insurance products placed through ARM programs.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Associated Risk Managers of Illinois product offering
Product offeringCore offering
ARM of Illinois is a member-owned network of independent insurance agencies that markets specialized insurance programs. The organization provides member agencies with access to aggregated insurance markets, niche programs, and carrier partnerships, including a co-brokerage arrangement with Arthur J Gallagher, the Prairie State Insurance Cooperative for K-12 school districts, the PPP for Dentists program, and wholesale partnerships with RPS and Arlington Roe. Members participate as shareholders and board members, sharing market intelligence, niche programs, and commission and override opportunities across a network of 20 Illinois-based member agencies.
Product overview
ARM of Illinois is an insurance service organization and marketing network for independent insurance agents, offering a platform of niche insurance programs. The core offerings include the Prairie State Insurance Cooperative (PSIC) for K-12 school districts providing property/casualty and workers' compensation coverage, PPP for Dentists offering dental practice insurance including professional liability and property coverage, and access to ARM International Programs providing the broader network's carrier relationships and aggregated market access totaling over $3.5 billion in premiums.
Differentiator
Problem solved
Functional benefit
Products and services
- Prairie State Insurance Cooperative (PSIC) A protected, self-insurance risk management program for Illinois public school districts (K-12) providing property/casualty and workers' compensation coverage with long-term premium stability. Coverage includes General Liability, Auto Liability, Sexual Abuse coverage, School Board Legal Liability, Excess Liability, Crime, Boiler & Machinery, Employee Benefit Liability, Bonds, Student Accident Insurance, and Network Security and Privacy Liability.
- PPP for Dentists Professional liability, property, and EPL indemnity insurance program specifically designed for dental practices in Illinois, including risk management seminars.
- ARM International Programs Parent organization ARMI's network of insurance programs and resources, providing ARM of Illinois members with access to aggregated market relationships, carrier partnerships (Chubb, AIG, American Modern, Arthur J Gallagher, Gallagher Bassett), and specialized expertise and program services through a national network of 130+ independent insurance agents.
Companies that use Associated Risk Managers of Illinois
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles3 records
Associated Risk Managers of Illinois technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Associated Risk Managers of Illinois partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Arthur J GallaghercoreCo-brokerage partnership with Arthur J Gallagher, one of the largest brokerage firms in the insurance industry. This partnership enables ARM members to access and win accounts with exposures that previously could not have been considered, providing expanded market reach and placement capacity.
- Prairie State Insurance Cooperative (PSIC)coreARM-developed cooperative insurance program specifically designed for Illinois K-12 public school districts. PSIC provides property/casualty and workers' compensation coverage with 219 and 178 members respectively, offering long-term premium stability and broader coverages.
- RPS (Rhino Insurance Services)coreWholesale business partnership with RPS for accessing specialty insurance markets and products that ARM member agencies can offer to their clients.
- Arlington RoecoreWholesale business partnership with Arlington Roe providing ARM members access to additional insurance markets and distribution capacity.
- IroquoismajorMarket aggregation partnership with Iroquois enabling ARM members to access aggregated insurance markets with enhanced capacity and competitive terms.
- PPP for DentistsmajorSpecialized dental practice insurance program partnership providing professional liability, property, and EPL indemnity coverage specifically designed for dental practices in Illinois.
- AIGminorInsurance carrier partner providing coverage options through ARM network.
- ChubbminorInsurance carrier partner providing coverage options through ARM network.
- American Modern Insurance GroupminorInsurance carrier partner providing specialty coverage options.
- Gallagher (Arthur J. Gallagher & Co.)coreInsurance brokerage partner providing market access and co-brokerage capacity for ARM members.
- Gallagher BassettminorClaims management and risk consulting partner providing claims handling services for ARM member clients.
Scale indicators4 records
Recent moves8 records
Expansion highlights3 records
Associated Risk Managers of Illinois competitors and assessment
Company assessmentDirect peers
- RPS (Rhino Insurance Services / RPS Insurance Brokerage): Specialty wholesale insurance brokerage providing markets and products to retail agents. Comparable as ARM's wholesale distribution partner, with overlapping role of enabling independent agents to access specialty carrier capacity.
- Iroquois Insurance Group: Insurance market aggregator and exchange providing aggregated carrier access for independent agents, including through ARM's partnership. Operates a comparable aggregation-and-distribution model targeting independent agency networks.
- Arlington Roe: Insurance wholesale brokerage providing specialty markets and product access to independent retail agents. Functions as a direct ARM partner with the same wholesale distribution role as RPS, serving as a comparable channel for independent agency networks.
- Strategic Insurance Agency Alliance (SIAA): National aggregator network of independent insurance agencies that pools member resources to access carrier markets and specialty programs. Closely mirrors ARM's member-owned agency-aggregation model, but at significantly larger national scale.
Broad incumbents
- Trusted Choice: National branding and consumer-referral network for independent insurance agents, operated as a subsidiary of the Big 'I'. Comparable as a member-based distribution vehicle for independent agencies seeking consumer access and brand recognition, though not a regional program administrator.
- Independent Insurance Agents & Brokers of America (Big 'I'): National trade association representing independent insurance agents. Comparable as the umbrella organization serving ARM's member agencies; overlaps in advocacy, education, and market representation functions.
- Arthur J. Gallagher & Co. Global insurance brokerage and risk management firm that serves as a co-brokerage partner to ARM. Operates overlapping distribution and program-administration capabilities at vastly larger scale, representing both a partner and an indirect competitor.
Others
- Vertafore: Insurance technology provider offering agency management systems used by ARM's member agencies. Adjacent ecosystem participant rather than a direct competitor, but a key partner in the independent-agent distribution stack.
- Applied Systems: Insurance software vendor providing agency management and digital workflow tools to independent agencies, including ARM member agencies. Comparable as an enabling technology partner in the independent-agent distribution ecosystem.
Emerging players
- Public Entity Risk Pool (state-level school insurance pools): State-level self-insurance pools serving K-12 public school districts with property/casualty and workers' comp coverage (e.g., state school insurance cooperatives in other states). Directly comparable to ARM's PSIC product in function, though typically government-administered rather than agency-owned.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Associated Risk Managers of Illinois social profiles
Digital presenceAssociated Risk Managers of Illinois financial estimates
Financial estimateRevenue estimate
Valuation estimate
Associated Risk Managers of Illinois leadership team
Management profileNumber of profiles
Profiles2 records
Associated Risk Managers of Illinois subsidiaries and ownership
Company hierarchySubsidiaries1 record
Associated Risk Managers of Illinois funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Associated Risk Managers of Illinois M&A and investment
M&A and investmentM&A
Investments
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Frequently asked questions about Associated Risk Managers of Illinois
What does Associated Risk Managers of Illinois do?
ARM of Illinois is a member-owned network of independent insurance agencies that markets specialized insurance programs. The organization provides member agencies with access to aggregated insurance markets, niche programs, and carrier partnerships, including a co-brokerage arrangement with Arthur J Gallagher, the Prairie State Insurance Cooperative for K-12 school districts, the PPP for Dentists program, and wholesale partnerships with RPS and Arlington Roe. Members participate as shareholders and board members, sharing market intelligence, niche programs, and commission and override opportunities across a network of 20 Illinois-based member agencies.
Is Associated Risk Managers of Illinois a public or private company?
Associated Risk Managers of Illinois is a private company. It is classified as management employee owned and is currently operating.
When was Associated Risk Managers of Illinois founded?
Associated Risk Managers of Illinois was founded in 1974. It employs 1 to 10 people.
Where is Associated Risk Managers of Illinois based?
Associated Risk Managers of Illinois is headquartered in Saint John, United States, in the North America region.
How does Associated Risk Managers of Illinois make money?
One revenue line is on record: insurance Program Access and Commissions.
Who are Associated Risk Managers of Illinois's main competitors?
Direct peers on record are RPS (Rhino Insurance Services / RPS Insurance Brokerage), Iroquois Insurance Group, Arlington Roe and Strategic Insurance Agency Alliance (SIAA). Broad incumbents are Trusted Choice, Independent Insurance Agents & Brokers of America (Big 'I') and Arthur J. Gallagher & Co.. Others are Vertafore and Applied Systems. Public Entity Risk Pool (state-level school insurance pools) is listed as an emerging player.
Does Associated Risk Managers of Illinois have an API?
No public API is recorded for Associated Risk Managers of Illinois.
What industry is Associated Risk Managers of Illinois in?
Associated Risk Managers of Illinois's product category is Insurance Services. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAEADAF, Captive Insurance Advisory & Management. Its NAICS code is 5242 and its SIC code is 6411.