Design Highlights
- Risksmith specializes in hard-to-place property insurance, addressing complex coverage challenges that traditional insurers often overlook.
- The company employs geospatial analytics to assess risks and optimize insurance portfolios effectively.
- Risksmith’s innovative approach allows for rapid product launches, enabling timely solutions for unique insurance needs.
- Led by CEO Ryan Scheinfeld, the team prioritizes profitability and tailored solutions over volume-driven strategies.
- By redefining coverage and focusing on value delivery, Risksmith aims to disrupt conventional insurance practices and improve accessibility.
In a world where insurance can often feel like a never-ending maze, Risksmith is shaking things up. Founded in 2017 and based in Atlanta, this Managing General Underwriter has made it their mission to tackle the specialty insurance programs that others shy away from. With offices in Clearwater, San Francisco, and Chicago, they’re not just another name in the insurance game. No, they’re the ones who actually care about solving complex coverage challenges.
Risksmith is revolutionizing insurance by tackling the tough specialty programs others avoid, proving that complexity can be conquered.
Hiring a team of 43-46 people might seem like a small army, but they’re laser-focused on distribution through agents and brokers. The team raised $3 million in debt funding two years ago, but hey, they’re still under the $5 million mark for total funding. Their revenue? A cool $6.2 million in 2025. Not too shabby for a company that’s all about underwriting profitable business rather than just chasing volume. They’re not here to throw numbers around; they want to have meaningful conversations and provide real solutions.
Risksmith offers a buffet of options that most would hesitate to touch. Think commercial property insurance for hard-to-place risks, builders risk coverage, and even lawyers professional liability. They’ve got you covered—literally. Their approach combines the art of underwriting with the science of data analytics. They’re not just winging it. They use geospatial analytics and cloud-based platforms to optimize portfolios. That’s right, folks, they can launch new products in weeks, all while operating as a Managing General Underwriter. Commercial property insurance protects buildings and equipment, whether owned or rented, making it essential for businesses with physical assets at risk.
Led by Ryan Scheinfeld, their CEO, the leadership team is hands-on. They’re not just sitting in ivory towers sipping coffee; they’re involved in the nitty-gritty of underwriting. They take pride in selecting professionals based on profitability records. Talk about a revitalizing change!
But let’s be real: the insurance game is tough. Risksmith targets those difficult-to-place property risks that would make most carriers run for the hills. They’re not just filling gaps; they’re aiming to disrupt the norm. With a dynamic panel of capacity providers, they’re committed to creating tailored solutions that actually work.
Risksmith is not your average insurance company. They’re redefining what it means to provide coverage, focusing on the value they deliver rather than merely the business they churn out. They’re the underdogs with a mission—a mission to make insurance easier, smarter, and a whole lot more approachable. It’s about time someone took the bull by the horns in this industry.
