Issue - meetings

MANAGEMENT OF INSURANCE AND CORPORATE RISK

Meeting: 19/11/2018 - Audit and Risk Management Committee (Item 39)

39 MANAGEMENT OF INSURANCE AND CORPORATE RISK pdf icon PDF 107 KB

Additional documents:

Minutes:

The Director of Finance and Investment, S.151 Officer introduced her report that informed of progress made in relation to key actions planned for 2018/19 as reported to the Audit and Risk Management Committee at its 24 September 2018 meeting (minute 28 refers).

 

The report provided a regular update on the work around risk management and insurance in support of the Council’s Risk Management Framework. The items of note were:

 

  • Corporate Risk Register (subject of a separate report to the committee).
  • Improvements to the Risk Management Framework (subject of a separate report to the committee).
  • Traded Services for Schools and Academies. The Council’s offer to schools in relation to risk and insurance services in 2019/20 had been developed as part of broader Traded Service arrangements. Procurement of Replacement Claims Management Information System. Research had been undertaken into the functionality of the different systems through site visits to local authorities which use those systems.
  • Procurement of Motor Insurance and Engineering Inspection and Insurance Contracts. Work on this exercise had continued with the support of the Council’s insurance brokers and the Procurement Team. A timetable has been agreed and the Invitation to Tender document was under development - to be published before the end of November 2018 with a deadline for responses of mid-January 2019.
  • Liability Claims Handling. The insourcing of Highways Maintenance operations with effect from 1 October 2018 meant that the Council is now exposed to Public and Employers Liability claims which were previously the responsibility of BAM Nuttall.
  • Insurance Fund Budget. Work had continued on the production of the Insurance Fund Budget for 2019/20. Whilst costs for some classes of insurance will be lower than in 2018/19 rises in other premiums may mean an overall increase in the Budget for the forthcoming financial year. The budget including the allocation between schools and the General Fund is to be presented to the meeting of this Committee scheduled for 28 January 2019.

 

Resolved – That the report be noted.