Reciprocal exchange business model: ARECA’s operational model is an attractive choice for organizations such as electric cooperatives, which value member-governance and member-ownership through pooling risks and sharing profits and losses. ARECA issues annual cash distributions to its subscribers (member-owners). These funds are returned to the Alaska electric cooperatives, municipal-owned utilities, and a state entity that are subscribers.
Specialized knowledge of Alaska electric utility industry: ARECA’s insurance professionals have either worked in the Alaska electric utility industry or spent a majority of their careers insuring Alaska utilities. ARECA’s insurance policies, claims handling, loss control services, and administration all reflect an in-depth knowledge of the Alaska electric energy industry.
Supporting Alaska’s economy: ARECA Insurance Exchange was founded by a group of rural and Railbelt Alaska electric utilities. It is domiciled exclusively in Alaska, governed by Alaskans, managed by Alaskans, and powered by an all-Alaskan team of insurance professionals. A portion of ARECA’s profits is returned annually to its Alaska-based subscribers.
Utility-centered insurance policies: The Alaska All-Risk Blanket Policy and certain associated policies and policy endorsements were written exclusively for meeting the unique coverage needs of electric and telecom utilities.