Stumm Insurance Comprehensive Profile
Overview of Stumm Insurance
Company Name: Stumm Insurance
Website: [stumm.com](https://stumm.com/)
Headquarters: Rosemont, Illinois, USA
Founded: 1911
Employee Count: Over 75 employees
Stumm Insurance is a distinguished provider in the insurance industry, concentrating primarily on offering innovative employee benefits solutions. The company uses advanced product design and technology to create unique and comprehensive experiences for employers and employees alike. Established with a focus on knowledge, experience, and integrity, Stumm Insurance surpasses service expectations by delivering customized solutions from its offices in Rosemont and Warrenville, Illinois. The firm assists employers and employees in understanding and selecting the appropriate insurance coverages tailored to their needs.
Financial Performance and Market Position
Stumm Insurance reports an estimated annual revenue of $110,000, equivalent to a revenue of $110,000 per employee. Despite being modest in scale when compared to more sizable competitors, the company maintains a focus on personalized client service and development. Its steady employee count over the past year underscores a strategy perhaps centered around consistent service delivery rather than aggressive expansion. This approach positions Stumm Insurance as a significant player within the regional market.
Executive Leadership
Leadership Team
The leadership at Stumm Insurance is robust, comprised largely of family members who have been integral to the company's evolution since its re-establishment in 2007. The executive team includes:
- Jim Stumm, Executive Vice President
- Email: [jim@stumm.com](mailto:jim@stumm.com)
- Education: Bachelor's in Marketing, Marquette University
- Background: Extensive experience since 2000 in the benefits sector, instrumental in company growth.
- Dave Stumm, Executive Vice President
- Email: [dave2@stumm.com](mailto:dave2@stumm.com)
- Education: BBA, University of Notre Dame
- Background: Insurance industry veteran since 1997, actively contributing to company expansion.
- Brian Stumm, Executive Vice President
- Email: [brian@stumm.com](mailto:brian@stumm.com)
- Education: Graduate, University of Kentucky
- Background: Involved in benefits sector since 1998, focusing on benefit plan design and M&A activities.
- Additional Key Personnel:
- Jack Stumm, EVP
- Danielle Ozer, VP Client Service
- Steve Hogan, VP Sales/Marketing
Company Culture and Recognition
As a family-owned business, Stumm Insurance fosters a close-knit, familial work environment, prioritized to enhance employee welfare and satisfaction. This commitment has consistently earned the company recognition as one of Crain's "Best Places to Work" in Chicago, most recently ranking 4th in 2023, and maintaining top ten positions over recent years. The company is also dedicated to community engagement through corporate volunteerism and matching gifts programs.
Service Offerings
Stumm Insurance delivers a wide array of services including:
- Cost Management
- HR Technology
- Wellness Programs
- Employee Benefits
- Compliance Solutions
- Health Insurance
- Medicare Solutions
These services are designed to be efficient and cost-effective, ensuring clients are well-informed and positioned to make decisions that meet both current and future needs.
Competitive Landscape
Stumm Insurance faces stiff competition from larger entities such as Zurich North America, Insurance Providers Group, and Metropolitan Insurance Group, which have extensive market reach and resources. Zurich North America is especially formidable, with annual revenues in the billions. Other competitors like Obie and Hruska Insurancenter offer overlapping services, posing additional challenges. Nevertheless, Stumm Insurance distinguishes itself by dedicating itself to personalized service.
Market Opportunities
Despite the scale differences with its competitors, Stumm Insurance’s niche in employee benefits and personalized service allows it to retain a competitive edge, particularly among small to mid-sized enterprises seeking customized solutions. Its reputation as a best-in-class workplace may also aid in talent acquisition and client attractiveness, offering further leverage against the competition in the Illinois insurance market.
