Program Risk Management, Inc. (PRM)
provides high-quality management and administrative services to
self-insured groups in New York State.
Is self-insurance right for your group or
association? We can take you through the following steps to
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Step 1 -- Member survey
By surveying members, either in person or by confidential mail and telephone, we can help determine the feelings of the membership about various programs, whether they would support such programs, their current cost of risk, and other pertinent details.
Step 2 -- Feasibility studies
From the survey, feasibility studies, including actuarial analysis, are performed to enable group management to make an informed decision regarding self-insured programs.
Step 3 -- Financing
If group management decides to proceed, financing -- including initial funding -- can be arranged so that programs become operational in the shortest possible time, bringing the benefits to the membership faster than possible with more traditional approaches.
Step 4 -- Marketing materials and personal follow-ups
Working with the trade group or association, PRM coordinates sales and marketing through the use of professionally prepared materials designed for the specific program. Slide shows and videos are employed to explain the benefits of both association membership and the programs offered. Personal follow-ups are conducted by experienced staff who know how to present the programs in a professional and thorough manner.
Client support services structure
In addition, PRM has built a client support services structure among some of the most experienced and dedicated organizations in New York State. Support organizations include banks, investments managers, actuarial consultants, premium finance companies, CPAs, and attorneys, all of whom have the know how to serve the ever-increasing complexity of managing risk efficiently at the lowest cost consistent with proper coverage.
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