Risk Placement Services (RPS) is a Managing General Agent/Underwriting Manager and nationally focused wholesale insurance broker. We have ranked in the top five in every insurance industry category and have been consistently ranked as the largest MGA in the country for several years. Headquartered in Itasca, Illinois, our organization has more than 70 branch office and satellite locations. We are comprised of four divisions, National Brokerage, MGA/Binding, Programs and Standard Lines; we also focus on the Environmental, Healthcare, Transportation and Executive Lines segments of the insurance marketplace. For each of our programs and products, we work only with top-rated admitted and non-admitted carriers.
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Who is RPS?
Who is RPS?
RPS is known for doing the right thing even if it means referring business to a competitor. We set our standards high for our carriers, our retail brokers, and especially ourselves.
Your Insurance Marketing Arm
Think of RPS as an extension of your very own marketing department. We’ll provide the products and support you need to gain new accounts, retain existing clients, expand product offerings, and enter new niche markets. Tap into our knowledge and relationships and gain the trust and confidence you are looking for to protect your clients. For more information about our divisions and specific programs and products, please contact us.
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Partnering with RPS
Partnering with RPS
When doing business with each of our divisions and industry segments, agents and brokers benefit from our unwavering commitment to quality solutions and the highest level of service – hallmarks of our success since forming our company in 1997. The value and trust we have built – and continue to build – with our retail agents and brokers is in providing access to only the finest insurance markets, the most professional producers, and of course, always putting your needs first.
Our goal as your strategic partner is to offer opportunities for you to grow along with us – to expand your footprint and grow your business profitably.
RPS National Brokerage
With RPS National Brokerage, we can help you place accounts that typically cannot be secured competitively in standard markets, in particular specialized or hard-to-place insurance, such as accounts with seven-figure premiums, DIC, Cat Property, Healthcare risks, and Workers’ Compensation. Our national team of experts will work with you every step along the way— from pre-underwriting, account negotiation and proposal preparation, to policy review and accounting – to address and meet your client needs.
RPS Binding Authority
Our Binding Authority offices act as an outsourced underwriting branch for a wide range of the highest-rated specialty carriers, offering local expertise with national reach. This division offers you a host of insurance solutions for specific product lines, industry segments and business types. We not only possess the ability to quickly devise solutions, but also have the authority to make them a reality.
RPS Programs
We are dedicated to developing custom programs for our agents and brokers – something that continues to separate and distinguish us from our competitors. A program is typically focused around a specific class of business, such as Allied Health, Personal Lines, Public Entities, Religious Institutions, and so on. Our programs offer you the specialized coverages and expertise to ensure your client’s risk is properly handled.
RPS Standard Lines
RPS Standard Lines is committed to providing independent agencies and brokers access to preferred carriers with a focus on standard lines. By aggregating books of business from small to medium-sized retailers, RPS Standard Lines creates strong carrier relationships with many national and regional insurance providers built on substantial premium volumes and superior loss results.
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Our Mission
Our Mission
Anticipate and react quickly and professionally, with a sense of urgency to our customers.
Continue to build business partnerships with insurance carriers and clients that transcend traditional market cycles.
Service existing customer base while adding preferred, targeted key agents.
Strengthen our marketing capabilities by strategically adding new carriers to our brokerage portfolio, and continue to feed our staple markets that support our clients.
Create a challenging and fulfilling work environment for our employees that rewards results through teamwork, education and dedication throughout the brokerage process.
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Our Values
Our Values
Program Design
When dealing with risk, each situation is unique. RPS brokers' and underwriters' knowledge of the specialty marketplace enables them to recommend the most appropriate insurance company. Whether an account is a small, new venture or one with the most complicated and unique exposure, RPS can deliver a solution by relying on a well-established network of over 50 offices and experienced insurance professionals. RPS is a full-service resource for complicated or specialized accounts.
Long-Term Relationships
At every level, RPS respects and values its relationships, many of which have thrived for decades. Drawing on experience of meeting people's changing needs, RPS focuses on the human side of doing business. Communication, attention to detail and follow-through, always with a sense of urgency, are the building blocks. Strong alliances with retail brokers and insurance carriers create a skilled knowledge base that develops innovative, yet practical, strategies.
Specialization
We find answers faster and more efficiently. RPS brokers and underwriters focus, whether on a line of coverage or class of business. A broad variety of specialists nationwide enable better, more informed solutions based on solid experience, knowledge and insight.
Extensive Networking
The RPS team philosophy equates to productivity - relaying information, expertise and market trends to find solutions, no matter where you are in the nation. RPS is able to harness the collective knowledge of the network to deliver results.
Industry Commitment
RPS is dedicated to the wholesale brokerage business. Financial stability enables us to reinvest in our people, technology and resources. Ongoing training, education and development attract, retain and motivate top performers. This stable environment allows team members to focus attention on finding strategic solutions.
Professional Standards
RPS is founded on honesty and integrity. Formal standards, training and compliance audits ensure RPS adheres to legal expectation, as well as the highest operating principles.
Market Knowledge
With access to over 200 markets, RPS understands risk, as well as its unique exposures. Extensive research, modeling and analysis assure added confidence that the coverage provided matches the need. Whether arranging layered structure and pricing, calculating probable maximum loss or creating renewal action plans and timelines, RPS specialists do their jobs more efficiently - transferring value to brokers and their clients by providing practical, win-win solutions.
