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.