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Risk Placement Services
Risk Placement Services is a managing general agent and underwriting manager. It operates in the insurance sector, primarily serving the insurance industry.
Risk Placement Services
Risk Placement Services is a managing general agent and underwriting manager. It operates in the insurance sector, primarily serving the insurance industry. Founded in 1997, the company is based in Rolling Meadows, Illinois, and offers wholesale insurance coverage and risk management services to various industries.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Rolling Meadows
Corporate office
Rolling Meadows, IL, United States
Sector focus
Frequently asked questions
What is RPS's core function as an MGA versus a traditional broker?
As a managing general agent, RPS holds binding authority from insurance carriers to quote and issue policies on their behalf. This differs from a standard broker, which negotiates with carriers case-by-case. RPS creates exclusive insurance products and then distributes them to retail agents, acting as the underwriting and pricing gate for lines that fall outside standard market appetites.
Which product lines does RPS actively underwrite?
Four primary lines are evident from publicly available market outlooks the firm publishes: executive lines (directors and officers liability and related management-risk covers), cyber insurance, property coverage, and transportation insurance. The firm also operates a structured warranty-products division that designs consumer-embedded insurance programs.
How does RPS's technology support its distribution model?
RPS built the myRPS portal to digitize the full lifecycle for its retail-agent clients. Agents use it for appointment management, real-time quoting, and premium payments. This direct digital interface bypasses multilayered brokerage negotiations, allowing for same-day policy issuance on certain lines — a structural speed advantage over traditional wholesale broking.
Is RPS a single operating entity or part of a larger group?
RPS does not disclose its ultimate ownership structure or parent company on its public-facing website. There is no reference in current materials to a publicly traded parent, a private-equity sponsor, or a shared-services platform. Further primary diligence with the firm would be required to confirm the corporate structure.
Does RPS participate in fund commitments or direct capital investment?
No. RPS is not an investment firm; it operates a fee-based insurance underwriting and brokerage business. Revenue is generated through commissions and underwriting profits, not asset management fees or investment returns. It does not deploy capital into companies, funds, or real assets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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