Issue - meetings

Management of Insurance and Corporate Risk

Meeting: 22/11/2016 - Audit and Risk Management Committee (Item 34)

34 Management of Insurance and Corporate Risk pdf icon PDF 112 KB

Minutes:

The Assistant Director Finance and Section 151 Officer introduced his report that set out progress made since his previous report to the Audit and Risk Management Committee in September 2016 (Minute No. 21 refers) and key actions planned for 2016/17.

 

The report provided an update to Members of the Audit and Risk Management Committee with regard to progress in respect of those actions since his last report that included:

 

·  Corporate Insurance Budget 2017/18

·  Corporate Risk management Policy

·  Corporate Risk Register

·  Alignment of Risk Management and Performance Management

·  Traded Service for Schools and Academies

·  Policy Renewals – April 2017

·  Tender for Casualty and Computer Insurance

·  Claims handling Charges

 

Members noted that new liability claims continued to be reported at a historically low level, and how this should have a beneficial impact on the cost of external claims handlingunder the new Casualty insurance contract referred to in the report.

 

Resolved – That the report be noted.