CANADIAN RELIGIOUS ADMINISTRATIVE SERVICES INC.

Name

CANADIAN RELIGIOUS ADMINISTRATIVE SERVICES INC.

Legal name

Canadian Religious Administrative Services, Inc.

Website

https://crsirp-papcc.org

Company type

Private

Founded year

1997

Operating status

Operating

Ownership category

akta.pro rank

Product category

Religious Organization Insurance & Benefits Administration

NAICS

Health and Welfare Funds (525120), Insurance and Employee Benefit Funds (5251), Trusts, Estates, and Agency Accounts (52592), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)

SIC

Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Trust Administration & Fiduciary Accounting Services (FSAAANAF)

akta.pro secondary industries

Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL), Personal Trust & Fiduciary Administration (FSAEAKAA)

Keywords

• Religious organization insurance
• Group insurance programs
• Employee benefits administration
• Self-insurance trust services
• Specialty travel insurance

Headquarters

HQ city

Mississauga

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Program Administration: CRASI provides administrative services for insurance programs including property/casualty, employee benefits, and travel insurance. Revenue is generated through premiums paid by member congregations and individuals, combined with self-funding models for health and dental benefits.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

CRASI, together with the CRSIRP trust, administers self-insured property and casualty insurance (property, equipment breakdown, commercial general liability, crime, automobile, D&O, umbrella liability) and self-funded employee, religious, and travel insurance benefit programs for Catholic religious congregations and their members across Canada. Services are delivered through a member-controlled trust model with surpluses reinvested into reduced premiums and enhanced coverage.

Product overview

CRASI operates as a non-profit, registered charity providing two interconnected programs for Catholic congregations: CRSIRP (Catholic Religious Self-Insured Retention Program) for property and casualty insurance coverage, and CRASI for employee benefits, religious benefits, and travel insurance. CRSIRP offers property/casualty insurance including Property, Equipment Breakdown, Commercial General Liability, Crime, Automobile, Directors' and Officers' Liability, and Umbrella Liability coverage through a self-insurance model. CRASI provides employee benefits (life, AD&D, disability, medical, prescription drugs, vision, dental, travel, health spending accounts) and religious benefits with lifetime coverage options, plus specialized religious travel insurance covering pre-existing conditions up to age 89. Additional services include risk management consulting, claims management, driver training, insurance seminars, car purchase programs, and disability management support.

Differentiator

Problem solved

Functional benefit

Brands

• CRSIRP (Catholic Religious Self-Insured Retention Program): Property/casualty insurance coverage program for member congregations employing self-insurance combined with traditional excess insurance policies, along with risk management services.
• CRASI Benefits & Travel Programs

Products and services

• CRSIRP (Catholic Religious Self-Insured Retention Program) A Canada-wide collaboration of Catholic religious congregations providing property and casualty insurance coverage through a self-insurance model combined with traditional excess insurance policies, including risk management services at no additional cost. Covers property/business interruption, equipment breakdown, commercial general liability, crime, automobile, directors' and officers' liability, and umbrella liability for member congregations.
• CRASI Employee Benefits Program Self-funded health and dental benefits program with low administrative costs for lay employees of Catholic congregations. Bundles life, AD&D, disability, medical, prescription drugs (with annual maximum out-of-pocket feature), vision, dental, out-of-Canada emergency travel assistance, and health spending accounts.
• CRASI Religious Benefits Program Benefits program for individual religious members (clergy, monks, nuns) with lifetime coverage (except life insurance). Includes medical care, prescription drugs (with unique annual maximum out-of-pocket feature), vision, dental, and a flat $25,000 basic life insurance benefit.
• CRASI Religious Travel Insurance Program Travel insurance designed for Catholic religious travelers covering pre-existing medical conditions up to age 89, including long term (3 months to 5 years, up to age 84), annual short term (multiple trips, max 30 days each, up to age 84), and single trip (up to 15 days, up to age 84) options. Underwritten by Royal Sun Alliance and administered by ETFS/Global Excel Management Inc.
• CRASI Risk Management Services Risk management and loss control consulting for member congregations, including plan administration to avoid liability, physical property inspections, security assessments, contract evaluations, and employee/volunteer screening, provided at no additional cost to CRSIRP members.
• CRSIRP Claims Management Services Claims services focused on speedy payment and risk management support for religious communities, available 24 hours a day, 7 days a week, including a dedicated toll-free automobile-property-liability claims line.
• CRASI Car Purchase/Leasing Program Vehicle purchase program offering pricing at dealer cost plus 3% mark-up versus typical 10-12% mark-ups, with fleet discounts available for religious members.
• CRASI Employee/Manager/Supervisor Assistance Program Assistance and counselling support program for employees with personal difficulties, including training and coaching for managers and supervisors on workplace issues to improve wellness and prevent absenteeism.
• CRASI Disability and Drug Management Program Registered nurse services for medical management and treatment compliance, assistance with assistive medical devices, and direction to Patient Assistance Programs for prescription medication financial assistance.

Quantifiable outcome

• Members obtain better coverage with lower premiums than on a stand-alone basis through the self-funding model and low administrative costs
• +2 more outcomes

Segments3 records

Ideal customer profiles3 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 core.

• Royal Sun AlliancecoreOthersRoyal Sun Alliance is the underwriter for the Viator out-of-Canada emergency medical and travel assistance product offered to CRASI members. This partnership provides the insurance backing for employee travel insurance coverage.
• ETFS/Global Excel Management Inc.coreTechnology or IntegrationETFS/Global Excel Management Inc. administers the Viator travel insurance product for CRASI. They manage the 24/7 emergency assistance hotline (1-866-870-1898 within Canada/USA, +819-566-1898 collect elsewhere) and coordinate medical emergency services for traveling members.

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Direct peers

• GuideOne Insurance: Faith-based mutual insurance company serving churches and faith-based organizations across the United States with property/casualty, liability, and ministry-specific coverages. Highly comparable as a denomination-aligned insurance carrier for religious communities.
• Church Mutual Insurance Company: Specialty insurer focused exclusively on religious organizations, providing property, liability, auto, and workers' compensation insurance for churches, synagogues, and faith-based nonprofits. Closest U.S. analog to CRASI's insurance mission.
• Adventist Risk Management: Self-insurance and risk management entity serving Seventh-day Adventist organizations globally, structured as a denominational risk pool. Operates on the same self-funded, denomination-aligned model as CRSIRP.
• Insurance Board (UCC): Property and casualty insurance program established by the United Church of Christ for its congregations and related ministries. Operates as a denominational risk pool analogous to CRSIRP for United Church of Christ entities in the U.S.
• Brotherhood Mutual Insurance: Insurance carrier dedicated to Christian ministries including churches, camps, schools, and colleges. Provides a similar bundled insurance and risk management solution to faith-based organizational customers.
• M.J. Hall & Company: Specialty insurance broker administering affinity insurance programs for nonprofit organizations and associations. Comparable as an administrator/affinity manager that delivers packaged insurance solutions to nonprofit member organizations.

Emerging players

• National Insurance Services (NIS): Provider of insurance and risk management programs tailored to religious organizations, schools, and camps. Comparable niche player serving faith-based customers with bundled coverage solutions.

Broad incumbents

• Lockton Affinity: Affinity and association insurance program arm of Lockton, the world's largest independent insurance broker. Operates affinity insurance programs for religious, nonprofit, and association clients at greater scale and breadth than CRASI.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

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 CANADIAN RELIGIOUS ADMINISTRATIVE SERVICES INC.