| SRRP is a Risk Retention Program for Wyoming Public Schools
SRRP is a joint powers board comprised of its member school districts.  The SRRP Property and Casualty Insurance Program began in 2003 as a solution to the hardships of increasing premiums and narrowing coverages that were plaguing public school districts in Wyoming.  Today we have 31 members that have joined forces to enjoy the strength and benefits of this risk sharing program.
The SRRP Property and Casualty Insurance Program has a structure that is often referred to as a protected self-insurance program.  This means that SRRP collects contributions from its members to pay for: 1. self-insured expected losses (as determined by an actuary); 2. insurance/reinsurance premiums to protect against unpredictable loss frequency and severity; and 3. modest program administration costs.  In years where the loss experience for the members is favorable – those “profits” remain the property of the program and may be used to offset future member contributions.


Self-determined missions and goals. SRRP is wholly owned by its members and governed by its Board of Directors so all issues related to managing risk, minimizing the long term cost of insurance, and providing quality loss control and claims adjusting services are analyzed, debated, and directed by the group.
Stability of pricing.  Premiums charged by insurers/reinsurers that participate above the frequency layer are less volatile.
Lower total cost of risk. This is accomplished by way of - expense savings; retention of earnings on the unused portion of member contributions; improved loss experience as the result of specialized loss control and loss awareness; and improved claims administration.
Broader scope of coverage.  In lieu of using standardized insurance forms – SRRP works with its attorney to manuscript specialized coverages that are deemed necessary by SRRP’s Board of Directors to address the unique needs of Wyoming public school districts.
Custom designed loss control. In a traditional insurance program the insurance company will direct generalized loss control activities and often impose costly loss control mandates.  SRRP analyzes the loss experience of its members and implements loss control programs that are tailored to their needs.
Claims administration.  Unlike traditional insurance, SRRP chooses a vendor to provide claims adjusting services and directs the claims handling activities - including choice of counsel and settlement guidance.
| Hear from our members.
The SRRP pool is unique to school districts by allowing the members (board) to create a product that meets the members’ needs for coverage that may not be covered under other providers. The risk management is extremely helpful to districts in keeping the buildings safe and Claims Associates are quick, professional, and helpful in processing claims.
We initially joined SRRP to save money – point blank.  Our premiums were going up and up without any corresponding claims either in property or liability and we were at the mercy of the first dollar insurance industry.  We had an excellent relationship with our local agent but he understood our need to look at other options.  Our first bid with SRRP saved us over $34,000/year in premium plus the money stayed in the SRRP pool of funds and did not go to an outside insurance company.  The pool has steadily increased in membership and we have learned as we have gone along and made improvements in coverage because it is run by the member districts who know what is needed and what isn’t.   Our claims drive our premiums, not an outside insurance company needing to show profitability to its investors.

Mary Jo Lewis

Coordinator of Business Services

Park County School District #1

Tammara Price

Business Manager

Converse County School District #2

Stuart Larson

Business Manager

Niobrara County School District #1

Lu Beecham

Business Manager

Fremont County School District #2

As a new Business Manager, I appreciate the ease of filing a claim and the friendly and helpful staff that have helped me learn the ropes.  They are great to work with.
I am no longer held hostage by local insurance agents who ALWAYS waited until the day before the coverage expired to give me the next policy/premium - increased premium of course.    My premium was CUT IN HALF when I joined SRRP.  AND - it's barely increased since then.  The board members get a voice in the product.  The board members are all from Wyoming Public Schools and we share the similar risks