Issue - meetings
Management of Insurance and Corporate Risk
Meeting: 21/11/2017 - Audit and Risk Management Committee (Item 48)
48 Management of Insurance and Corporate Risk PDF 87 KB
Minutes:
The Senior Risk and Insurance Officer introduced the report of the Assistant Director: Finance that provided a regular update on the work undertaken in relation to Insurance and Risk Management activities in relation to key actions planned for 2017/18.
The report informed that the risk and insurance management comprised two significant areas of activity, namely:
- The provision of advice and support to Members and officers in developing the corporate risk management framework and processes; and
- Risk financing which incorporated insurance procurement, management of the Council’s Insurance Fund and claims management.
The report further informed that In addition to day-to-day operations the service was responsible for major procurement exercises and improvement activities.
The Senior Risk and Insurance Officer provided a short verbal update to the Audit and Risk management Committee on the key areas of work summarised in the report, that included:
- Alignment of Risk Management and Performance Management;
- Corporate Risk Register;
- Traded Services for Schools and Academies;
- Corporate Insurance Budget;
- Procurement of Property Business Interruption Museums, Marine, Crime and Personal Accident/Business Travel Insurance;
- Liability Claims Handling;
- Actuarial Study;
- Review of Corporate Governance; and
- Corporate Risk Management Policy.
Resolved – that the report be noted.