PRISM ARC

ARC has been established to provide both short and long term objectives for PRISM including: 

1. A complete risk transfer of corridor risk from various coverage programs to the Captive
2. An enhanced investment program governed by its own board and investment policies with the goal of additional investment income
3. A superior risk transfer mechanism when multiple programs’ risk are comingled

Additionally, in 2022 at their strategic planning meeting, the group arrived at creating the following four one-year goals:

1. Continue national expanstion - create a plan focused on type of entity, type of coverage programs and layers of coverage, and consider reinsurance vs excess insurance
2. Explore ways for ARC to create more capacity for self-insurance or re-insurance
3. Explore the feasibility of allowing public entities to participate in ARC's Investment Program
4. Explore hiring staff and locating staff out of state at ARC

Like its parent company, ARC strives to operate in a manner that is transparent.  Although captive insurance companies are not subject to regulations such as the Brown Act, it is important to the members of PRISM to have full knowledge of the activities of ARC, and as such, PRISM staff will provide full disclosure to its members and the public.