Risk Consult Oy Ab

What Risk Consult Oy Ab does

Risk Consult Oy Ab is a Finnish authorized insurance brokerage and risk management advisory firm founded in 1987 and headquartered in Vaasa, Finland, with a secondary office in Turku. The company is fully domestically owned, holds no external funding, and is staffed by approximately ten expert brokers — most of whom are also shareholders. Each broker is registered with Finanssivalvonta (the Finnish Financial Supervisory Authority) after passing the insurance broker examination, and many hold additional credentials such as the EOQ Risk Manager certification. Risk Consult serves a horizontal mix of business customers across Finland, ranging from housing companies and SMEs to public administration bodies and international industrial conglomerates.

The firm's product portfolio spans five core service lines: (1) Vakuutusmeklarin palvelut, the core authorized insurance brokerage offering covering competitive tendering, ongoing insurance management, and claims advisory; (2) Riskienhallinta, systematic risk management including training, ERM implementation, and consulting; (3) Työterveyshuollon kilpailutus, competitive tendering of occupational health care contracts; (4) Vahinkojen hoitopalvelu, end-to-end claims handling support; and (5) Vakuutuskonsultointi, subsidized consulting delivered through the ELY Centre's business development program for SMEs. As an independent broker, Risk Consult accesses the full Finnish and international insurance market, including products available only through intermediaries.

Revenue is generated through a hybrid model combining insurance brokerage commissions, fixed-fee engagements (€1,650–€3,700 per insurance survey, €1,350–€2,600 per occupational health tender, €1,500 per training day), subscription-style recurring management contracts scaled to client size and scope, and hourly claims handling fees. Go-to-market is sales-led with named broker assignment per client, free 15–30 minute consultation offers, and inbound content marketing through a Finnish/Swedish/English-language website and blog. Distribution is augmented by partnerships with JK-Savings (industrial sector referrals) and ELY Centre (subsidized SME consulting). The company holds multiple brand awards including Suomen Vahvimmat Platina (2007–2021) and the Avainlippu (Key Flag) designation.

Name

Risk Consult Oy Ab

Legal name

Oy Risk Consult Ab

Website

https://riskconsult.fi

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

Risk Consult Oy Ab is a Vaasa-headquartered, fully domestically owned Finnish insurance brokerage and risk management advisory founded in 1987, employing about ten Finanssivalvonta-registered brokers to deliver insurance tendering, risk management, occupational health contracting, and claims services to Finnish enterprises, public bodies, and SMEs.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Management Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421), Management Consulting Services (54161), Other Management Consulting Services (541618)

SIC

Insurance Agents, Brokers & Service (6411), Services-Management Consulting Services (8742)

akta.pro primary industry

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

akta.pro secondary industries

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ), Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

Keywords

• Insurance brokerage services
• Risk management consulting
• Claims handling services
• Occupational health tendering
• Insurance consulting

Headquarters

HQ city

Vanha Vaasa

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Commission-based revenue from insurance companies for placing insurance policies. Brokers are independent of insurance companies and work for the client's best interest. For one-time tendering assignments, the fee can be either fixed or based on savings achieved. For ongoing management contracts, the fee is based on the customer's company size and scope of operations.
2. Consulting and Assessment Fees: Insurance survey fees based on company turnover: Turnover under €10M: €1,650 + VAT; Turnover €10–30M: €2,800 + VAT; Turnover over €30M: €3,700 + VAT. Occupational health care services priced from €1,350 to €2,600 per company. Risk management training at €1,500 + VAT per day (6 hours).
3. ELY-Center Development Services: Subsidized consulting services through ELY-center where companies can receive up to 15 consultation days over three years at €325 + VAT per day.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Risk Consult is a Finnish authorized insurance brokerage firm that provides insurance policy tendering, ongoing insurance management, claims handling support, occupational health care contract tendering, and risk management consulting (including training and Enterprise Risk Management implementation). Services target Finnish businesses of all sizes — from housing companies and public administration to SMEs and international industrial conglomerates — through assigned dedicated brokers.

Product overview

Risk Consult Oy Ab is an authorized insurance broker company founded in 1987, offering a portfolio of advisory services centered on insurance brokerage and risk management. The core offering is Vakuutusmeklarin palvelut (Insurance Broker Services), which encompasses competitive tendering of insurance policies, ongoing insurance management, and claims advisory. This is supported by Riskienhallinta (Risk Management), providing risk management training, ERM implementation, and tailored risk consulting. Additional modules include Työterveyshuollon kilpailutus (Occupational Health Care Tendering) for optimizing occupational health contracts, Vahinkojen hoitopalvelu (Claims Management) for end-to-end claims handling, and Vakuutuskonsultointi (Insurance Consulting) delivered through ELY Centre subsidized programs. The company operates from Vaasa with approximately ten specialists serving clients across Finland.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Broker Services (Vakuutusmeklarin palvelut) Core authorized insurance broker service for Finnish businesses: competitive tendering of insurance policies, ongoing insurance management as a continuous service, and claims advisory support. Brokers act independently of insurance companies and have access to the entire domestic and foreign insurance market.
• Risk Management (Riskienhallinta) Systematic risk-management services including risk-management training (priced per day), risk-management system implementation, Enterprise Risk Management (ERM) projects, and tailored consulting. Implementation delivered in cooperation with Granite Partners.
• Occupational Health Care Tendering (Ty\u00f6terveyshuollon kilpailutus) Analysis of current occupational health arrangements and competitive tendering aimed at optimizing occupational health and personal insurance contracts, with tiered pricing from €1,350 to €2,600 per company.
• Claims Management (Vahinkojen hoitopalvelu) Assistance with claim notifications, revision of insurance company decisions, appeals process, and ongoing communication between parties throughout the claims process for Finnish businesses.
• Insurance Consulting via ELY-Centre (Vakuutuskonsultointi) Subsidized insurance and risk-management consulting for growth and development projects, delivered under the ELY-Centre business development program at €325+VAT per day, with up to 15 days available to a single company over three years.

Quantifiable outcome

• Savings of tens of percent on annual insurance costs
• +1 more outcomes

Named customers25 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• JK-SavingsminorStrategic or Co-development Partner · 19 October 2020JK-Savings is an industrial consulting company specializing in industrial service contract tendering, investment projects, and other procurement. Risk Consult provides insurance coverage reviews and tendering for JK-Savings' clients. Both companies operate independently of suppliers. JK-Savings has over 40 years of combined experience in industrial maintenance and mechanical engineering.
• Granite PartnersminorImplementation/ SI/ Consulting PartnerGranite Partners collaborates with Risk Consult in implementing risk management systems for clients. Risk Consult implements risk management systems in cooperation with Granite Partners. Granite Partners' service fees are separate from Risk Consult's implementation pricing.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Willis Towers Watson (WTW): Global advisory, broking, and solutions firm with insurance brokerage and risk management consulting in Finland. Overlaps with Risk Consult's corporate insurance brokerage and risk management service lines for enterprise customers.
• Marsh Finland (Marsh & McLennan): Global insurance broker and risk advisory firm with Finnish operations. Competes with Risk Consult on large and mid-market insurance placements, particularly for international clients operating across multiple jurisdictions.
• Aon Finland: Global insurance and reinsurance brokerage operating in Finland. Competes with Risk Consult for larger corporate insurance programs and risk management engagements, while not typically serving the SME segment where Risk Consult focuses.
• Howden: Global independent insurance broker with significant Nordic operations following its Marsh JLT acquisition. Competes with Risk Consult on mid-market and enterprise insurance placement across Finland, with broader specialty lines and international network.

Others

• PwC Finland (Risk & Regulatory): Big 4 risk consulting practice in Finland delivering governance, risk, and compliance services. Overlaps with Risk Consult on enterprise risk management consulting engagements and competes for the same risk management budget at larger Finnish corporates.
• Deloitte Finland (Risk Advisory): Big 4 risk advisory practice offering enterprise risk, regulatory, and operational risk consulting in Finland. Competes with Risk Consult's risk management consulting practice for enterprise client engagements, particularly in regulated industries.
• KPMG Finland (Risk Advisory): Big 4 risk advisory practice in Finland offering enterprise risk management, regulatory compliance, and internal controls consulting. Competes with Risk Consult's Riskienhallinta (Risk Management) service line for enterprise ERM engagements, while not competing in insurance placement.
• EY Finland (Risk Consulting): Big 4 risk consulting practice delivering internal audit, risk, and compliance services in Finland. Adjacent competitor to Risk Consult for risk management consulting engagements among larger Finnish enterprises.

Regional players

• Besso Insurance Group: German independent insurance broker with Nordic operations and specialty risk expertise. Comparable in size and independent-broker positioning to Risk Consult, though focused on different geographies; represents a model for Nordic regional consolidation.

Direct peers

• Söderberg & Partners: Nordic insurance broker and wealth advisory firm operating across Sweden, Norway, Denmark, and Finland. Closely comparable independent broker model with risk advisory and employee benefits offerings, competing directly for the same mid-market and corporate clients in the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/riskconsultsuomi
• LinkedInlinkedin.com/company/riskconsult

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Risk Consult Oy Ab