# Risk Placement Services

Risk Placement Services is an Asset Manager based in Rolling Meadows, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Rolling Meadows, United States
- **Region:** North America
- **Address:** Rolling Meadows, IL, United States
- **Assets under management:** Undisclosed
- **Website:** rpsins.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- InsurTech

## 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.

### 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.

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Last updated: 2026-06-03T20:00:00.000Z

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