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2012 RISK MANAGEMENT EXCEPTION REPORT
Officer contact: Ryan Savage Ext: 3368
Wards affected: None
PROPOSED DECISION
That the 2012 Risk Management Exception Report be noted.
Corporate Implications
1. Risk management forms part of Wycombe DC's approach to governance and is an
essential element of good management.
Executive Summary
2. In 2010, Audit Committee and SMB agreed to an annual process for risk
management. The purpose of creating an annual process is to build a framework for
risk management activity which should lead to improved risk management. Reporting
key risk management issues to Audit Committee is an activity built into the process.
Background and Issues
3. The first exception report of 2012 includes the key risk indicators for insurance; these
are attached as Appendix A.
4. The Loss Ratio in Appendix A shows the Council is containing its losses to within
claims deductibles and annual aggregate stop losses (the cumulative of all claims
deductibles in a policy year).
5. The claims frequency indicator is showing a steady number at claims made; although,
liability claims are not reported as and when the events leading to a claim occur.
6. The Council’s future success in avoiding claims costs can be further improved by the
management of data.
(a) Although the future for claims defences is uncertain, there is already a growing
need to produce a vast amount of information to support defences against
claims, including trawling through emails of past and present officers, historical
documents (contracts), etc …In addition, the Ministry of Justice is revising its
claims management rules which will place tighter timescales on defendants to
produce data in relation to claims defences.
Background Papers
BSI British Standards: BS31100:2008 Risk Management - Code of practice, 2008
Institute of Risk Management, AIRMIC, and ALARM: A Risk Management Standard, 2002
Wycombe District Council 2011 Risk Management Policy