Advanced Insurance Management was begun in 1987 by Edward J. Priz, who continues to serve as the principal consultant for the company.  From the beginning, Advanced Insurance Management was a unique consulting practice, specializing in helping employers control their cost of Workers’ Compensation insurance by reviewing the technical aspects of how Workers' Compensation insurance premium charges were computed.

Mr. Priz had worked in the insurance industry since 1976. In his insurance career he had worked for insurance companies, independent agencies, and insurance consulting companies, prior to establishing AIM to concentrate on consulting on Workers' Compensation cost and coverage.

He originally began consulting on Workers' Compensation premium computation in 1982, and later started Advanced Insurance Management to concentrate in this field.  He holds the professional designations Chartered Property Casualty Underwriter, and Associate in Premium Auditing. 

Advanced Insurance Management works with employers of all sizes and types, from small businesses to Fortune 500 size employers.  AIM has provided consulting services to such well known companies as Caterpillar, Federal Mogul, and Bridgestone/Firestone.  AIM has also provided consulting services to the National Institute of Occupational Safety and Health (NIOSH) and to Lloyds of London.

Although the company has grown to include other consultants and staff, Edward Priz continues to serve not only as President of Advanced Insurance Management LLC, but also as the Principal Consultant of the firm, making sure every case receives his personal involvement and attention.  This also means that all work done by AIM is subject to meeting the ethics code of the Society of Chartered Property Casualty Underwriters, (as Mr. Priz is a member of that body) and our own ethics code as well.

Advanced Insurance Management is also a member of the Better Business Bureau,  to assure clients and prospective clients of our commitment to ethical business dealings.

Edward J. Priz has served on the Workers’ Compensation Committee of the Illinois Manufacturers Association, and the Employment Law Council of the Illinois Chamber of Commerce.  He has also served on a task force organized by the Illinois Department of Insurance to implement new Workers’ Compensation insurance regulations. He has presented lectures and seminars before a number of insurance and business groups, including The Workers Compensation Claims Association, The Greater Peoria Contractors & Suppliers Association, The Central Illinois Employers Association, The Illinois Manufacturers Association, The Missouri Contractors Association, The Midwest Society of Professional Consultants, The Illinois 1752 Club (an organization of insurance marketing professionals), The Chicago Roofing Contractors Association, the International Recreational Water Professionals, Caterpillar, and at the Construction Risk Conference sponsored by the International Risk Management Institute.

Edward J. Priz has also developed several seminars approved for Continuing Education credit for insurance producers by the Illinois Department of Insurance. He has also assisted clients in successful appeals of NCCI decisions at the Illinois Workers’ Compensation Appeals Board. Priz has also assisted clients in legal hearings before the Illinois Department of Insurance and the Nebraska Department of Insurance.

Edward Priz has been accepted as an expert on Workers' Compensation premium calculation and other aspects of commercial insurance in federal and state courts, and is a member of the Society of Chartered Property Casualty Underwriters, and a member of the National Society of Insurance Premium Auditors.

He is the author of the books The Ultimate Guide to Workers' Compensation Insurance, and CompControl, The Secrets of Reducing Workers' Compensation Costs.