different states into one central warehouse,pooling each others'risk of high safety stock,which is a risk pooling in geographic dimension. Think of other ways of risk pooling in other dimensions such as time dimension relationship between different companies ect. Intergovernmental risk pools.IRPs provide alternative risk financing and transfer mechanisms to their members,through which particular types of risk are underwritten with contributions (premiums),with losses and expenses shared in agreed ratios.In other words, Intergovernmental Risk Pools are a cooperative group of governmental entities joining together to finance an exposure,liability or risk.different states into one central warehouse, pooling each others’ risk of high safety stock, which is a risk pooling in geographic dimension. Think of other ways of risk pooling in other dimensions such as time dimension relationship between different companies ect. Intergovernmental risk pools. IRPs provide alternative risk financing and transfer mechanisms to their members, through which particular types of risk are underwritten with contributions (premiums), with losses and expenses shared in agreed ratios. In other words, Intergovernmental Risk Pools are a cooperative group of governmental entities joining together to finance an exposure, liability or risk