The Risk and Insurance Officer introduced the report of the Assistant Director: Finance that set out the progress made since his previous report in November 2016 in relation to key actions to be taken in relation to corporate risk and insurance management for 2016/17.

The Risk and Insurance Officer reported that Risk and Insurance services remained a key element of traded services for schools and that his officers participated in a launch event on 12 January for services in the 2017/18 financial year. Estimates of insurance costs for controlled schools in the coming financial year had been produced as part of the corporate insurance budget activity. He further informed that forecasts of the cost of external premiums and contributions to the Insurance Fund in the forthcoming financial year and the allocation of these sums between schools and individual Council functions had been produced.

The Committee was informed that the outcome of this being that the Council’s traded services were deemed competitive, and although formal evaluation had yet to be completed first signs were that there would be future cost savings and better provision of insurance cover.

Resolved – That the report be noted.