AGRiP energizes the power of pooling by making pools more effective, collaborative, and informed. We provide education, networking, operational & best practice resources, intelligence, and advocacy.
Our membership includes more than 215 pools across the United States, Canada and Australia. We partner with 50 Quality Education Initiative (QEI) Patrons representing service providers such as financial auditors, actuaries, administrators, reinsurers, online learning systems, and more; and we have approximately 100 individual Partner members.
AGRiP believes strongly in collaboration and has both formal and informal affiliations with other regional and national pooling organizations in the United States and Canada.
About Governmental Risk Pools
Beginning in earnest 40 years ago, intergovernmental risk pooling is a success story in local government collaboration. We estimate at least 80 percent of all 90,000 local public entities in the United States participate in one or more of AGRiP’s member risk pools. Pooling is prevalent among smaller and mid-sized public entities because they derive especially powerful benefits from sharing risk through a pool.
Most public entity pools share certain key characteristics:
- Intergovernmental risk pools are formed under state-specific legislation allowing for joint pooling of resources to address property, liability, workers’ compensation, employee benefits, unemployment risks, and more.
- Pools are governed by boards of directors comprised of representatives from their member entities.
- Pools exist to stabilize member coverage and costs, with a heavy focus on improving the risk profile of members.
- Pools do not seek profit. The contributions paid to pools remain in the public domain.
Pool operations, like any industry, face challenges. The demographic shift impacting workforce availability, widespread leadership turnover, increasing regulation, new models of relationship management via technology, technology investments, establishing appropriate surplus goals, dynamic financial modeling, and predictive analytics opportunities are just a few of the topics pool managers actively monitor.
In this rapidly changing world, new trends also present public entity challenges that create risk or coverage implications for pools. These trends include things like reduced investment in public infrastructure, police liability, increasing medical care costs, public entity use of new technologies like drones or autonomous vehicles, effects of the Affordable Care Act (ACA), active assailant scenarios, catastrophic weather, terrorism risks, and cyber liability.