Prismarc Research

Prismarc Research is a captive insurance company based in New York, NY, that was launched by Public Risk Innovation, Solutions, and Management (PRISM) on July 1, 2016. As a pure captive, it is fully owned by PRISM and exclusively assumes the risk of its parent organization, providing coverage for specific corridor risks. With a mission to act in the best interest of PRISM and its members, Prismarc Research accepts the transfer of risk from various coverage programs, offers an enhanced investment program, and continually improves its risk transfer mechanism.

Prismarc Research aims to achieve short and long-term objectives for PRISM, including a complete transfer of corridor risk, an enhanced investment program with its own board and investment policies, and a superior risk transfer mechanism for multiple programs. The company also focuses on national expansion, creating more capacity for self-insurance or reinsurance, exploring the feasibility of public entities participating in its investment program, and considering staff hiring and location options. Governed by a Board of Directors, Prismarc Research operates transparently, providing full disclosure of its activities to PRISM members and the public.

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