PRISM OVERVIEW CITY OF TEMPE RMTB 06-23-26.PDF

Hello City of Tempe
1
A Guided Tour of PRISM’s Experience

About PRISM
We are a Member-Directed Risk Sharing Pool
Covered Lives
142
• Established in 1979 
• Joint Power Authority serving national public agencies 
• Create cost effective/member directed insurance risk pools
• Contain costs & provide in-depth member services
2

2.7B
PREMIUM
67B
PAYROLL
1.56M
DAILY
ATTENDANCE
94B
TOTAL INSURED
VAL.
140K
COVERED
LIVES
3
PRISM is not traditional insurance
About PRISM

We are Member-Directed 
Governance Guides the Direction of Our Future
http://www.prismrisk.gov/governance
Meet 3x a year (1ˢᵗ Friday) of: 
March, June and October
4

PRISM – Member Focused
Underwriting
⚬Development of efficient program structures
⚬Equitable allocations
⚬Assists with member retention analysis
Risk Control/Member Services
⚬Consultation and tailored resources to address identified loss trends
⚬Identify and manage contracts with 3ʳᵈ party resources for the members
⚬Manage the Enterprise Risk Consultant program available to the members
Data & Analytics
⚬PRISM staff has actuarial and data analytics expertise, and a Data 
Scientist
⚬Predict future costs and establish appropriate funding
⚬Identify trends, emerging risks and opportunities for loss control
Claims
⚬Assists in setting accurate reserves
⚬Recommends experts 
⚬Assists in strategy and advise on settlement negotiations
5

PRISM  –  Member Focused 
Legislative Efforts
⚬Legislative Committee works with PRISM’s lobbyist to support/oppose bills
⚬PRISM works with other JPAs to gather/analyze data to support legislation
⚬Support specific claims through Amicus briefs
Captive Insurance Company
⚬PRISM developed a Captive Insurance Company
⚬PRISM Affiliated Risk Captive
⚬Allows for better investment returns thereby reducing the cost to the 
members
Long Term Carrier Relationships
⚬PRISM and Alliant work throughout the year to maintain good carrier 
relationships
⚬Many have lasted over 25 years
⚬Incredibly valuable during difficult market conditions or complex claims situations 
6

7

PRISM – Resources & Services! 
PRISM Directed Services -
Expert support delivered directly 
by PRISM staff
• Risk Control Consulting
• EPL Hotline
• Data & Analytics
• Communications - 
⚬Webinars, Podcast, 
Forums
8

Member Focused tools and 
materials developed to support 
proactive Risk Management
PRISM MEMBER FOCUSED RESOURCES 
9

We want to be your #1 resource!
Take advantage of our quality services designed to 
support your needs and complement your efforts.

Resource – PRISM Menu of Services
For all your risk management needs
Need assistance? Please reach out to:
memberservices@prismrisk.gov or 916.850.7300

Training & Resources are available now at no extra cost
Resource – PRISM Menu of Services
Need assistance? Please reach out to:
memberservices@prismrisk.gov or 916.850.7300

Resource – Risk Control Menu
One of PRISM's most popular and valued services!
Need assistance? Please reach out to:
riskcontrol@prismrisk.gov or 916.850.7300

•
Created to recognize PRISM members or 
affiliated agencies for the development, 
management, and/or implementation of 
an innovative idea, approach, or program 
that enhances the goals and purposes of 
RM within the public sector
•
9 different types of recognition in the 
areas of: Development/Implementation 
of RC, RM, Programs & Practices, Pool 
Management, Law Enforcement, 
Educational Agencies RM, and COVID-19 
Programs/Resources
Eagle Award 
Exemplary Achievement in Government Leadership & Enrichment
14