The Senior Risk and Insurance Officer, Mike Lane, introduced the report of the Director of Finance and Investment which provided a regular update on the work undertaken in relation to Insurance and Risk Management activities and the key actions planned for 2018/19. Progress since the last report in respect of the following key actions was summarised in the report:

·  Corporate Risk Register

·  Improvements to the Risk Management Framework

·  Traded Services for Schools and Academies

·  Procurement of Property / Business Interruption, Museums, Crime, Terrorism and Personal Accident / Business Travel Insurance

·  Annual Renewal of Liability, Motor, Engineering and Computer Insurance Policies

·  Liability Claims Handling

·  Insurance Fund Annual Report

In response to comments from Members, Mike Lane stated that the increase in the number of Academy Schools was something his team was very much alive to as the pool of contributors to the Insurance Fund shrank. Although they could offer support to Academies through the procurement process, for which they did receive a fee, they could not provide the insurance as the Academies were separate legal entities. The list of schools outsourcing their insurance arrangements was a concern as in 2010/11 there were 120 schools contributing and currently this was down to 90. He acknowledged that a point could be reached where some arrangements became unsustainable.

The Committee thanked Mike Lane and all his team for all their work.

Resolved – That the report be noted.