Looking To The Future With AGRiP: Insurance Pools Leverage Technology To Lower Risk And Liability Claims For Members

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
st louis arch with municipal buildings

The Association of Governmental Risk Pools (AGRiP) is the leading national association for pool management, as well as the recognized authority on and informational resource for intergovernmental risk and benefits pooling. These pools cover the full spectrum of public entity organizations: state agencies, higher education, public education, all forms of local government, health care facilities, and not-for-profit organizations. They also provide a wide range of property, casualty, workers’ compensation, and employee benefits programs for their members. AGRiP has spent more than two decades energizing the power of public entity pools, making member organizations more effective, collaborative, and informed.

With more than 215 member pools, AGRiP has a compelling history but their real focus is on the future. It’s this forward-thinking approach that made it obvious to Neil Hooper, COO of STOPit Solutions, that the leader in mobile, anonymous reporting technology needed to attend the 2019 Governance & Leadership Conference, March 3rd-6th.

“The sessions are insightful and the opportunity to share experiences with industry peers is extremely valuable,” said Hooper. “Pressing issues like SAM claims as well as emerging issues like cyber security are affecting many pools and their members, and it’s important to spend time sharing experiences. We are honored to be able to participate as a core solution for public entities and their risk management teams.”

This year’s Governance & Leadership conference, themed Navigating Change, focused on on thought diversity and inclusivity in the public entity pooling environment. In addition to traditional sessions on leadership and governance, this year’s conference included an increased emphasis on best practices for leveraging technology, making it obvious that AGRiP isn’t relying on its history when serving customers — it’s setting a course for a better future that includes lowering risk and liability for all customers.

New and emerging technology presents an important opportunity for all industries, including insurance pools. Neil Hooper went to St. Louis with colleague Jeff Schobel to meet with these governing bodies to share the latest analytics and trends gleaned from STOPit’s incident management tools so that insurance pool partners know and understand the value—both operationally and and to the member—of technologies like STOPit.

“STOPit has emerged as the leader in K12, and over the past year we have emerged as a leader in the workplace setting for municipal pool employees as well,” said Hooper. “Working to reduce claims for our partners and sharing the success stories of using STOPit reporting to address behavior issues before they spiral out of control is a wonderful experience.”

The School Pool for Excess Liability Limits Joint Insurance Fund (SPELL JIF) program, a joint insurance fund for 76 public school districts in New Jersey, is one example of how STOPit is utilized by pools. The pool is paying for schools to use the STOPit app to reduce bullying, assist school safety, and reduce the risk of claims and exposure to claims.

“The response that boys will be boys and girls will be girls, that’s just not acceptable anymore,” says Scott Tennant, Deputy Executive Director of SPELL JIF. “That’ll cost you money, and if you’re an insurer you know that’ll cost you a lot of money.”

SPELL JIF provides STOPit to its member schools as an effective tool to report cyberbullying issues and other misconduct. The sophisticated analytics tools which enable schools to collect and interpret their reporting data is what separates the award-winning STOPit app from its competition. By utilizing one of several highly customizable reporting tools included in the STOPit Solution, schools can easily spot signs of ongoing problems or patterns that can help predict – and ultimately thwart – future issues.

“(STOPit) provides the opportunity for us to learn immediately about things that are occurring, to have correct information and to intervene quickly,” says Tennant. “That reduces that claim stream and for every one of those events, we can check off $100,000-plus saved.”

Watch the full interview here: https://youtu.be/doIpKuDJDIs

Speakers at the AGRiP conference provided practical advice on dynamic new ways public pools can approach coverage, claims, litigation, and risk management, including how anonymous reporting is making an positive impact. As a risk management resource, the STOPit Insurance Solution offers insurance partners valuable data and insights about patterns and trends across their insurance members. With STOPit, insurance partners are better positioned to understand behavior, stop issues before they become claims, facilitate compliance, and gain insight into where there are opportunities for risk mitigation resources. This puts the future in the hands of those providing and utilizing anonymous reporting apps like STOPit.

Innovative approaches are not just forward-thinking: they may help better risk management and reduce the cost and pervasiveness of claims for preventable behavior-based liability issues. And anonymous reporting technologies can be an important and enterprising part of this solution, as insured individuals are empowered to step forward and report issues safely and in the way people communicate today—on their phone and on the go. By utilizing technologies like STOPit, insureds can stop reacting to issues and start preventing them.

“At STOPit we are making massive investments in people, processes, and innovative technology,” said Hooper. “The benefits of reducing risk and addressing liability concerns is delivering benefits to our pools by reducing claims, and to their members by helping reinforce a positive culture and climate.”

For more information about STOPit for your company or organization, call now and speak with one of our insurance solutions experts.

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Top

Ready to find out more about our anonymous reporting tools & 24/7 monitoring services?