The Risk and Insurance Manager introduced a report to inform Members about progress made since the previous report considered in June 2016 in relation to key actions planned for 2016/17.

The Report provided Members with an update on the work around risk management and insurance which sought to support the Risk Management framework and maintain the successful management of the Insurance Fund.

It was explained to Members that risk and insurance management comprises two significant areas of activity as follows:

·  The provision of advice and support to Members and Officers in developing the corporate risk management framework and processes.

·  Risk financing which incorporates insurance procurement, management of the Council’s Insurance Fund and claims management.

The Risk and Insurance Manager summarised progress to date under the categories of:

·  Crime Insurance

·  Corporate Risk Management Policy

·  Corporate Risk Register

·  Alignment of Risk Management and Performance Management

·  Traded Service for Schools and Academies

·  Policy Renewals – June 2016

·  Tender for Casualty and Computer Insurance.

·  Request for Quotations – Broking Service.

·  Claims Handling Changes.

Members were informed of relevant risks including potential for a large number of schools converting to Academies and implications for the Insurance Fund. It was explained that, if this were to occur, this could reduce the Authority’s buying power and the degree to which it could self – insure. Members were advised that Officers continue to remain vigilant to potential conversions and will make changes to the authority’s arrangements to ensure that potential negative impacts are gradual and limited wherever possible.

A Councillor praised the Risk and Insurance Manager for the content of his report.

Resolved – That the report be noted.