Risk Placement Services, Inc.

Overview

Risk Placement Services, Inc. operates within the insurance industry in the United States, employing over 1,000 individuals and generating approximately $468 million in revenue. The company specializes in various aspects of insurance, with a notable focus on workers' compensation and property markets, as evidenced by its published documents. The 2026 US Workers' Compensation Market Outlook indicates that the workers' compensation sector is experiencing significant changes due to factors such as medical inflation, cumulative trauma litigation, and increasing claim severity, particularly in California. The report highlights a shift in market dynamics, with carriers reassessing reserve adequacy and pricing strategies in response to escalating costs and litigation expenses. Additionally, the 2024 Q1 State of the Property Market document reflects RPS's commitment to analyzing and reporting on market trends and conditions. Through its research and insights, Risk Placement Services aims to provide valuable information to stakeholders in the insurance sector, helping them navigate the evolving landscape of risk management.

Industry