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Wright Risk Management Company, Inc.
Wright Risk Management Company, Inc. (WRM) is a New York-based management firm with a staff of over 100 employees, dedicated to the innovative and cost effective design, implementation and administration of risk management and risk financing solutions. WRM provides expert consulting, problem solving and insurance management services for its clients, covering property, liability, and employee benefits, health, and workers compensation programs. Founded in 1979 and based in Uniondale, New York, WRM also specializes in the design, development, and management of property/casualty insurance and reinsurance programs.
Our client-centered approach is reflected in the corporate mission. WRM's mission is to provide greater value and improved protection for clients, their employees, and those they serve. This is achieved through a thorough understanding of each client's goals, so that the programs designed for them reflect their specific activities and needs. Many of our clients are school districts and other public entities. WRM's client base includes more than 600 public sector clients, including towns, villages, cities, counties, and other municipalities. All clients, in both the public and private sector, are offered a variety of risk management and risk-financing services designed to reduce or prevent claims and losses.
WRM places a major emphasis on comprehensive risk management services for the public sector. We understand the objectives and operations of municipalities, elected and appointed municipal officials and municipal boards. We work, creatively and constructively, to help them accomplish their stated mission. Over time, we have saved our clients millions of dollars while working to improve their operations so as to create healthier, safer and more productive environments for employees and taxpayers.
WRM organized and is the manager for both the New York Municipal Insurance Reciprocal (NYMIR), and the New York Schools Insurance Reciprocal (NYSIR). NYSIR and NYMIR are comprehensive property/casualty insurance companies, licensed and regulated by the New York State Insurance Department. WRM performs all vital underwriting, claims, loss control, risk management, accounting and reporting functions for NYSIR and NYMIR.
NYMIR was licensed in 1993 It has grown to include over 600 local municipalities, participating as owner-subscribers. Annual premium volume of approximately $45 million. Assets exceed $64 million and surplus for policyholders exceeds $19 million. NYMIR is rated by A.M. Best as A-, Excellent. WRM also manages numerous workers compensation programs and health insurance plans, representing over $100 million in annualized premium contributions. In addition, WRM was appointed as risk manager for the State of New York, and served on the World Trade Center Insurance Task Force.
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