Shared Risk,

Shared Strength

APRA is the Alaska Public Risk Alliance, a new risk pool to serve Alaska‘s municipalities and school districts. It would bring together the two self-insurance programs that have been meeting the needs of Alaska’s communities for almost four decades: Alaska Public Entity Insurance (APEI) and the Alaska Municipal League Joint Insurance Association (AMLJIA).

Right now, APRA is an idea, one that the leaders of both AMLJIA and APEI thought was ripe for exploration. Why? Because there is reason to believe that Alaska’s communities would be better served if the strengths of each pool could be consolidated into one, larger organization. A single pool would merge the talented staff of each organization, increasing capacity to serve members, while avoiding the duplication – and associated cost – of operating two separate risk pools.

The decision to investigate a potential consolidation was made in December 2022, followed by work to ensure that Alaska law would support such a change. Since the summer of 2023, an eight-member Consolidation Committee – four board members from APEI and four from AMLJIA – have been meeting at least monthly to study whether the promise of the Alaska Public Risk Alliance is something that they can deliver on: if one pool really would serve our communities better than two.

The effort so far has been positive. But there’s much more work to do. Follow this site to keep on top of the Committee’s work, and what it may mean for the future.

Frequently Asked Questions

1. How did the idea of consolidation come about?
   
2. Why do the APEI and AMLJIA boards think consolidation may be a good idea?
   
3. Who is serving on the Consolidation Committee?
   
4. What is the process for the pools to consolidate?
   
5. Does the new pool have a name?
   
6. If AMLJIA and APEI consolidate, when would it become effective?
   
7. If the pools do consolidate, what happens to APEI and AMLJIA?
   
8. How is the Consolidation Committee approaching decisions about bringing together AMLJIA and APEI?
   
9. Does combining APEI and AMLJIA make sense financially?
   
10. Will the existing AMLJIA/APEI staff remain with APRA?
    
11. Can I keep my broker? Will I be required to get a broker if I don’t have one?
    
12. Will I have to pay more in premiums for coverage through APRA than through my current pool?
    
13. Isn’t it a given that eliminating competition between APEI and AMLJIA will automatically raise prices?
    
14. Will all current pool members automatically become members of APRA, if and when consolidation occurs?
15. What is APRA’s mission?