Public entity risk sharing pools were first developed as a means to address unique exposures in the public sector for which limited insurance products were available. Advertisement While these pools have existed for decades, the years of maturity and growing level of exposure have enabled many to become highly efficient and effective at managing risk….
Public entity risk sharing pools were first developed as a means to address unique exposures in the public sector for which limited insurance products were available.
While these pools have existed for decades, the years of maturity and growing level of exposure have enabled many to become highly efficient and effective at managing risk.
At a time when hardening commercial markets are enticing industries and business groups to explore new options, best practices and lessons learned in the public sector could help others improve their risk management.
Collaboration and Risk Sharing
Public risk pools came about in the 1970s and 1980s as commercial insurers left the public market for public sector liability and workers’…
