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Essentials in Risk Pool Management
Certificate Program
 


Essentials in Risk Pool Management is a one-course certificate program, developed through a collaboration of the National League of Cities Risk Information Sharing consortium (NLC-RISC), the Association of Governmental Risk Pools (AGRiP), California Association of Joint Powers Authorities (CAJPA) and Insurance Educational Association (IEA).

The program is designed to develop individuals qualified to be a member of staff, administer or manage risk management pools.  The management and staff of a risk pool must have a multitude of tools available in order to be effective in the risk pool environment. The Essentials in Risk Pool Management curriculum provides a risk pool participant with theoretical and practical knowledge, which provides a solid foundation to successfully work within or manage the risk pool.

Educational Objectives:  

  • Overview of insurance pooling
  • Understanding the pool manager’s role
  • Financial stability of a pool Underwriting and rating considerations
  • Understanding financial reporting
  • How to use GASB claim schedules
  • Claims audits
  • Understanding commercial property & casualty insurance
  • By-laws and pooling agreements  

Additional Course Elements:

  • 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.

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