Issue - meetings

To consider a report of the Borough Treasurer.

The Annual Insurance Report provides a summary of insurance performance for the financial year April 2016 to March 2017.  The report can be found at Appendix 1.  The report includes comparisons with the previous four financial years in order to allow for a meaningful comparison of trends.  The information is used to understand the claims profile and recognise any areas where further risk management can assist in reducing claims and also those areas that have benefited from effective risk management.

The Scrutiny Committee is recommended to consider and comment on the Annual Insurance Report 2016/17

Officer contact: John Pearsall on 0161 474 4033 or email: john.pearsall@stockport.gov.uk

The Borough Treasurer submitted a report (copies of which had been circulated) providing a summary of insurance performance for the financial year April 2016 to March 2017.  The report included comparisons with the previous four financial years in order to allow for a meaningful comparison of trends.  The information was used to understand the claims profile and recognise any areas where further risk management can assist in reducing claims and also those areas that have benefited from effective risk management.

RESOLVED – (1) That the Annual Insurance Report 2016/17 be noted.

(2) That the Insurance Team be congratulated on the reduction in the number of claims received and the increase in the percentage of highways claims repudiated which was forecasted to achieve a surplus of £1m in respect of the Insurance Fund for the current financial year.