News: Worthy-Authority Renews AGRiP Recognition
The Authority has achieved its second consecutive Association of Governmental Risk Pools (AGRiP) Advisory Standards Recognition, signifying continued standing as a pool operating at a high level of efficiency and effectiveness, with adherence to professional standards and industry best practices.
The AGRiP Recognition Program, crafted on the collective experience and expertise of the first 30 years of pooling leaders, is built upon self-evaluation by the pool against the AGRiP Advisory Standards for Public Entity Risk and Employee Benefits Pools. Pools receiving AGRiP Recognition distinction must demonstrate compliance with all Advisory Standards covering ten major elements and more than 80 standards including: governance, fiduciary and financial solvency, pool operations, staffing, service provider contracts, member services, coverage, underwriting, business continuity, data security, claims management, and professional development.
The Authority was awarded its first AGRiP Advisory Standards Recognition in 2016. Pools that meet the Advisory Standards are granted recognition for three years. Only one quarter of AGRiP member pools have achieved recognition.
“Achieving renewal of the prestigious AGRiP Recognition confirms the Authority’s status as a leader in the pooling industry,” said CEO Jon Shull. “By implementing industry best practices, we are able to maximize our efficiency and provide the highest-possible level of service to our members.”
AGRiP is the recognized authority for public entity risk pooling in North America, and beyond. Emerging during the late 1980s from the public entity risk management profession, AGRiP formed in 1998 as an independent association of public entity pools and partners for the following purpose:
- To promote pooling as a practical extension of local government’s obligation to be a good steward of public funds
- To act as an advocate for the advancement of intergovernmental pooling as the most appropriate risk and employee benefits financing mechanism for most local governments
- To provide a forum for intergovernmental issues of mutual interest in the administration and operation of self-funded and group insurance purchasing programs, and other group programs associated with the funding and operation of intergovernmental pools
- To identify legislative and regulatory issues affecting intergovernmental pools and to provide information to assist pools in addressing such issues
- To act as a clearinghouse for the collection and dissemination of data and resources relating to intergovernmental pools and to encourage and support new research for tomorrow’s pools
To learn more about AGRiP and the AGRiP Recognition status, visit www.agrip.org/best-practices.< Back to Full Issue Print Article