The Senior Risk and Insurance Officer, Mike Lane, introduced the report of the Assistant Director: Finance which provided a regular update on the work undertaken in relation to Insurance and Risk Management activities and the key actions planned for 2017/18. Progress since his last report in respect of the following key actions was summarised in the report:

·  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

·  Renewal of Liability Motor Engineering and Computer Insurance Policies

·  Liability Claims Handling 

·  Actuarial Study

·  Review of Corporate Governance

With regard to a possible change in the liability motor engineering policy ‘discount rate’ Mike Lane stated that this was because the Government was currently in the middle of a consultation exercise on a review.

Resolved – That the report be noted.