Program Detail

ARPM601: Essentials in Risk Pool Management



Description: This course provides participants with theoretical and practical knowledge to form a solid foundation to successfully work within or manage a risk pool. It's designed to develop individuals qualified to be a member of staff, administer or manage risk management pools. Topics to be covered include understanding key aspects of commercial property and casualty insurance, understanding the pool manager's role, overview of insurance pooling, understanding financial reporting, insurance accounting, how to use GASB claim schedules, claims expense and reconciliation, actuarial studies, claims audits, by-laws and pooling agreements, financial stability of a pool, underwriting and rating considerations, process for evaluating excess insurers, and excess risk pools and reinsurers. Additional course elements include employee benefit pools, pool/board relations, roles and responsibilities, mentoring/shadowing, succession planning, alliance management/performance standards for TPAs, governance, need for cross-discipline knowledge (impact of a decision in one functional area affecting other function areas), public sector claims, i.e., how they differ from the private sector, options for handling excess surplus, understanding and managing the insurance marketplace, differences in pool structure/operations among the states (high-level overview), comparison of pool organizational documents and intergovernmental agreements, especially among states, required soft skills and attributes, i.e., strong character, integrity, ability to work collegially with people of different cultures, ages, etc.

What you will learn
  • Review financial reporting, claim audits and reconciliation, GASB claim schedules
  • Bylaws, board management issues, pooling arrangements
  • Evaluation of excess markets, underwriting, and rating considerations
  • Transition management, managing turf wars, cylo-management issues
  • Review AGRiP best practices operational manual

Who will benefit 
  • Risk pool staff
  • Administrators and managers at all levels
  • Individuals aspiring to risk pool management positions
  • Insurance industry personnel
  • Service providers who work closely with risk pools

If the class or location of your choice is not displayed it may be unavailable this semester or is fully enrolled. If you would like to be placed on a wait list, please e-mail us at director@ieatraining.com or call (800) 655-4432.
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