Professional Group Marketing

Acrisure PGM Insurance Services, LLC is a specialized firm providing comprehensive employee benefit programs to insurance agents and brokers, enhancing their capabilities to meet diverse client needs. Founded in 1981 and headquartered in New York, US, Acrisure PGM Insurance Services, LLC focuses on employee benefits and has completed a total of 1 deal. The company was recently acquired by Warner Pacific Insurance Services, Inc. on December 1, 2024, from Acrisure, LLC, although financial terms were not disclosed.

Professional Group Marketing (PGM) specializes in providing a comprehensive suite of employee benefit programs designed to assist insurance agents and brokers in effectively serving their clients. Their core offerings include fully insured and self-insured medical plans, ancillary services, Medicare solutions, and international medical and travel insurance. PGM's services cater to businesses of varying sizes, enabling employers to manage their health insurance needs while ensuring compliance with regulatory standards. Clients range from small businesses to large corporations across various sectors, primarily located in the United States, where PGM's extensive resources help agents access pertinent tools and information, including the Broker Resources and HealthConnect portals.

These platforms facilitate streamlined operations by allowing users to view commission reports, enroll in programs, and obtain quotes, thereby improving efficiency and client satisfaction. PGM generates revenue primarily through B2B transactions with insurance brokers and agents, providing them with essential tools and resources to facilitate employee benefit program offerings. The structure typically involves fee-based commissions from the insurance carriers for enrolling clients into their various plans, including health, ancillary, and Medicare services. Clients engage with PGM under partnership agreements that entail access to specialized portals, where they can manage benefits and obtain necessary documentation.

Pricing structures are determined based on the specific services utilized by clients, and transactions can vary depending on the complexity and scale of the insurance programs being implemented. PGM's ability to facilitate both fully insured and self-insured plans positions them favorably within the insurance market, allowing for diverse revenue streams while maintaining strong relationships with their client base. Following its acquisition by Warner Pacific Insurance Services, Inc. in December 2024, Acrisure PGM Insurance Services, LLC is expected to enhance its distribution network and product innovation.

The company plans to focus on the development of new products and services tailored to meet the evolving needs of its clientele. Specific markets targeted for expansion include the southeastern and southwestern regions of the United States, with efforts expected to ramp up by mid-2025. The recent acquisition will provide the necessary resources to support these growth initiatives.