Arthur J. Gallagher - Education Practice
|
|
- Phebe Harper
- 5 years ago
- Views:
Transcription
1 t Arthur J. Gallagher - Education Practice Insurance Procurement For Colleges PHILIP WEBSTER Executive Director - Education Direct Dial: Mobile: Phil_Webster@ajg.com
2 IS YOUR COLLEGE TENDER READY? The Local Area Review is changing the landscape for Further Education (FE) Colleges and may in turn challenge your current business model and the way you engage with stakeholders including for your insurance and risk management requirements. A renewed focus on achieving best value through procurement may help you to deliver both value for money and procure a fit for purpose insurance programme. This guide is intended to help you understand some of the current drivers within the industry and support good practice when procuring insurance. CHANGES WITHIN THE MARKET In recent years our Education team has seen positive changes in the market for Education risks. This increased participation is being driven by a number of factors, including specialist niche class insurers looking for new sectors and improvements in internal controls around Liability and Property risks. HOWEVER OVERALL COSTS MAY RISE IN THE FUTURE One of the reasons premiums have increased is that the rate of Insurance Premium Tax has risen to 12% from 10% in June Additionally the Justice Department announced recently that the Discount Rate (the calculation used to assess the net rate of return for investment by any claimant on large personal injury lump sum payments) which is applied to large personal injury claims will also change in 2017, with the current rate reducing from 2.5% to minus 0.75%. Whilst the true impact will not be known until insurers review their current exposures, indications are that rates will rise between 10% and 20% for any classes exposed to large personal injury claims including: Improvements in risk control Segmentation of the education sector Specialist underwriters in certain classes of insurance Soft market conditions in commercial sector Insurance Premium Tax Ogden Table / Discount Rate Investment Returns ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 2
3 CAN YOU REDUCE THE IMPACT OF MARKET FORCES? Whilst you may not be able to influence legislation affecting tax law or decisions by courts to change the way awards are calculated, organisations can manage the potential for premium increases and ensure insurance programmes deliver best value at all times. By adopting a more strategic approach to insurance procurement, both annually and at tender, organisations have the opportunity to take control and purchase cover that is appropriate and fit for purpose according to their current needs, rather than a repeat of existing covers year on year which may no longer be required or up to date. Historically, organisations have looked to insurance tenders to be the time when they review cover and the data provided to insurers, which can result in less favourable terms being offered by insurers. A more strategic, proactive approach can provide you with a better understanding of your risks and allow your organisation to embark on a tender process more easily if terms received from insurers are not acceptable to you the Public Contracts Regulations provide clear guidance on the need to retender contracts if there are significant changes from its agreed position. Whilst this is open to interpretation, if faced with an overnight increase in costs an organisation may need to consider whether the terms offered continue to deliver best value or if a tender will need to be undertaken. In this scenario, if you are not ready then a process that is both in line with best practice and likely to deliver the optimum outcome may not be achievable. Better understanding of your risk Easier to manage tenders Best Practice process Compliance with Public Contracts Regulations Deliver Best Value ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 3
4 CAN YOU PROTECT YOUR COLLEGE FROM ANNUAL INCREASES? Premiums are calculated by applying rates to exposure data. The rates are set actuarially and are a reflection of the claims history of insurers across the sector, modified to account for your own claims experience and exposures you have as an organisation. It is important that your claims and exposure data is accurate and truly reflects your current position. Old and inaccurate data may lead to higher premiums and potential repudiation of claims for failing to provide a fair presentation of your risks a duty required under the Insurance Act. Here are some key elements of exposure data that should be kept up to date and available at all times: Property Data Up to date property information, at least 5 months prior to renewal / tender and to include rebuild values, postcodes, number of storeys, construction and age details, fire / security alarm information, type of activities undertaken, last insurance reinstatement review date Claims Reviews Changes Claims experience data provided by insurers should accurately reflect your organisation s current position. Incidents that relate to activities no longer undertaken should be highlighted, as should large reserves on Liability claims. Higher Value Properties For locations with rebuild values in excess of 20,000,000, undertake Estimated / Probable Maximum Loss surveys. Property surveys provide general property data in an underwriter-friendly format. Claims Reviews High Value How certain are you that the reserve sitting against a high value claim is correct, can the claim be defended and if so is this reflected? Independent claims reviews can be undertaken to challenge insurers and include commentary in tenders to enable other bidders to consider the appropriateness of reserves. Business Interruption (BI) Reviews Review of revenue and increased costs of working to ensure they are adequate and not overstated, especially relevant to colleges emerging from Local Area Reviews and multi-site institutions. Review of mitigation controls i.e. BCP testing. Insurable Risk Review When did you last fully review your insurance programme? An insurance risk review is an excellent way of identifying whether your insurance programme is fit for purpose and supports your strategic objectives. Consistent / Insightful Data Historic claims experience data provided in spreadsheet format preferred by underwriters is essential. Breakdowns of relevant underwriting data, i.e. wage roll shown as categories, can also result in specific rates being applied. Risk Management Statement Robust risk management focused on reducing operational risk within your organisation will allow you to demonstrate that you are adopting a proactive approach, thus tempering potential premium increases. Higher Risk Data Provide as much information as possible about : marine, aviation, medical risks, research projects and international activities, plus details about Professional Indemnity policies to ensure quotes are accurate and competitive. Timetable Develop a timetable which includes key activities, roles and responsibilities the process of completing this document will help you to consider the framework / procedure you will use and the key dates within that process. ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 4
5 PLANNING YOUR TENDER ROUTE TO MARKET Public Procurement regulations contain strict rules that most FE colleges will need to follow when procuring their insurances. There are a number of routes you can take you should consider the options to ensure you achieve the desired outcome. Whilst all outcomes should deliver value for money the mechanism you choose should best fit the particular needs of your organisation. OPTION DESCRIPTION PROS CONS OWN OJEU* TENDER College conducts its own OJEU tender. Open procedure most commonly used, Competitive Procedure with Negotiations (CPwN) has gained favour with some organisations. Compliant Comprehensive Various structuring options Whole market engagement Ability to negotiate best position (CPwN) Time consuming Procurement experience required Understanding of insurance / wordings required Lengthy process, particularly CPwN CCS FRAMEWORK Previously known as GPS, this Framework allows users to appoint an independent advisor who then works with the College to conduct a market tender. Access to independent advice Easy to access and use Good spread of markets Compliant Payment of 0.75% of premium and fees to CCS for use of facility by insurer / broker CPC FRAMEWORK A multi-supplier Framework where users determine their own requirements and request quotations accordingly. Compliant Focused on the FE College sector Limited providers Tender managed by FE College No ability to combine providers Payment of a percentage of premium to use REGIONAL FRAMEWORKS Devolved authorities have established Frameworks for users within their geographies. Compliant Focused on the specific geography in question Limited providers Restricted advice / support *Official Journal of the European Union ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 5
6 HOW DO THE FRAMEWORKS OPERATE ajginternational.com The following charts demonstrate how the two largest Frameworks operate. The CCS Framework gives users the opportunity to appoint an independent broker to run the procurement exercise and access all Lot 1 insurers on their behalf, whilst CPC Framework provides access to a limited number of brokers who are already linked to a specific insurer or direct insurer. CCS INSURANCE SERVICES FRAMEWORK College 27 Lot 1 CCS Broker Broker Insurers College College gathers relevant information from various sources and decides on the cover it requires. College appoints a broker on the CCS Framework, either direct appointment or via further competition Broker issues information to Lot 1 insurers Broker receives quotes from Lot 1 insurers Broker evaluates and submits recommendations to College College reviews recommendations and decides on cover CPC FRAMEWORK Broker 1 Insurer 1 Broker 1 Broker 2 Insurer 2 Broker 2 College Procurement Body Broker 3 Insurer 3 Broker 3 College Broker 4 Insurer 4 Broker 4 Direct Insurer College gathers relevant information from various sources and decides on the cover it requires. College submits information to procurement body Brokers on the Procurement panel receive information and issue to their specific insurer, or information sent to direct insurer Brokers receive quote from their specific insurer Broker submits terms to the College, or quote received from direct insurer College evaluates all terms received and determines cover ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 6
7 WHY SHOULD YOU SELECT AN INDEPENDENT BROKER? Whilst it is possible to conduct a tender without professional advice, some insurers will only transact a business through a broker. This is because they do not have the infrastructure in place to manage day to day support for policyholders and rely on the broking sector to do so on their behalf. Direct underwriters have made this investment so they do not need brokers to work on their behalf however, this means that they can only offer comment on the insurance cover they provide and are unable to offer advice or recommend coverage. Some areas to consider when choosing a broker: Experience: ability to guide you through insurance procurement in accordance with Public Procurement Regulations, reducing the risk of non-compliant processes which can result in legal challenges, contract delay, additional costs and potentially payment of damages; Market authority: presence in the market to deliver meaningful results. Appointment of a broker that has experience of the FE sector and ability to articulate your risks to the market; Access to all available markets: access to all available frameworks and conversant with the needs of different procedures under the regulations. As a Contracting Authority you must own the process irrespective of whether you appoint a broker or not. Use of frameworks can reduce the risk of failing to ensure the principles of the Public Contracts Regulations are met as the appointed insurers have already passed a selection process and offer a compliant route to market. The CCS Framework goes one stage further by providing a number of brokers who have passed a similar selection process thus demonstrating they have the ability and experience to manage procurement exercises. The CCS Framework has the added benefit of allowing you to make a direct broker appointment, avoiding the need to run a competition, saving time and money whilst being compliant with procurement regulations. The right broker will be able to advise on the most efficient and cost effective mechanism of procuring the insurance you need. Broker fees are unlikely to require you to run a formal tender, but where your Financial Regulations require you to undertake a competitive exercise you may wish to consider the following: Cost What fees are being proposed and is this all the broker will earn? How are these structured? Are these sustainable and committed to, over the long term? Account Management How will your account be managed? What level of experience and knowledge does the nominated account team possess? Added Value Does your broker provide tools and support to make your life easier? How do these benefit you? Procurement Support What experience does your bidder have of procurement and the structure you ve committed to? ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 7
8 KEY TENDER REQUIREMENTS In addition to ensuring the availability of good quality data the following information may assist with attempting to maximise the benefits when embarking on a tender process: EVALUATION CRITERIA Public Contract regulations recommend contracts should not be awarded on price alone unless goods / services are readily available and can be defined with certainty. It is accepted best practice when procuring insurance that bids are evaluated on price and quality, but to achieve this you must first identify what is important to you and ensure the qualities you score deliver your desired outcomes. For example: Claims handling: how efficient is the process, are there service guarantees, relevant experience, involvement in the claims handling process? Resources: what s available to manage your account? Additional value: apart from insurance cover what do you need? Do you value risk management support, what about management information etc? ITT STRUCTURE Colleges generally procure a complex mix of covers. Few insurers can offer the complete range of coverage you may require, so if you structure your tender in such a way that you ask an insurer to underwrite all your requirements you will limit your options and may not deliver best value. Splitting a tender into Lots will allow niche markets to engage with you and allow you to benefit from wider covers. Core covers may include: property damage, liability, motor, engineering, computers, directors and officers and professional indemnity. Wider covers include: marine, aviation, cyber, terrorism, contractors all risks and environmental. Some markets will offer package discounts for placement of more than one Lot, which may seem attractive but can result in being forced to accept substandard cover in certain areas to benefit from lower pricing. PRE-MARKET ENGAGEMENT In the build up to a tender it is important to ensure the market is aware of your risk and fully understands the process they need to follow to bid for your business. A broker can help support this process by arranging pre-tender engagement sessions with key markets. An approach to adopt includes: Gathering summary exposure data in a consistent format to share with interested parties; Respond to questions and commit to including information in the tender to help them underwrite the risk; Issue Prior Information Notice (PIN) inviting interested parties to make contact with you, providing a level playing field to all potential bidders. If you meet with underwriters before the formal tender process is launched you can ensure your risk is looked at first when it arrives on an underwriter s desk! ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 8
9 WHAT SHOULD BE YOUR GOAL? TENDER CHECKLIST In tendering your insurances you should aim to procure a programme that is fit for purpose and delivers best value. It should: DO YOU HAVE? YES NO A timetable which details all actions required to go to tender? BE BASED ON YOUR APPETITE AND TOLERANCE TO RISK Property spreadsheets including: Sums insured by property split between buildings, contents and computers Postcode or longitude / latitude coordinates Construction and age details Details of fire alarms and type The activities taking place in the building Date the last insurance reinstatement cost review was undertaken Estimated Maximum Loss (EML)/Probable Maximum Loss (PML) reviews for locations valued at 20,000,000+ MANAGE THE RISKS YOU CARRY AND THOSE WHICH CAN REASONABLY BE EXPECTED TO ARISE IN THE IMMEDIATE FUTURE Property surveys for locations valued at 20,000,000+ Business interruption sum insured review SUPPORT YOUR ORGANISATION S OBJECTIVES BY PROVIDING FINANCIAL SUPPORT AND ADDITIONAL SERVICES TO MINIMISE DOWN TIME AND CONSEQUENCES OF LOSS Business Continuity Plan evidence Claims analysis and review Gap analysis review ARTHUR J. GALLAGHER EDUCATION PRACTICE INSURANCE PROCUREMENT FOR COLLEGES 9
10 Arthur J. Gallagher Education Practice The Gallagher Higher Education Practice Group is committed to the greater mission of risk management. We re not just specialists in coverage and prevention we also dedicate ourselves to understanding and furthering the interests of higher education. Colleges and universities face a unique set of challenges when it comes to risk management. Few other businesses have exposures as broad as those you grapple with everything from campus security, employment practices, student life and vehicle use issues to studying abroad, environmental hazards and intellectual property rights. We are committed to providing each client with the resources needed to manage their risks effectively. For more information, visit us at This document is not intended to give legal or financial advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/or market practice in this area. In preparing this document we have relied on information sourced from third parties and we make no claims as to the completeness or accuracy of the information contained. You should not act upon (or should refrain from acting upon) information in this document without first seeking specific legal and/ or specialist advice. Arthur J. Gallagher Insurance Brokers Limited accepts no liability for any inaccuracy, omission or mistake in this document, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein. Arthur J. Gallagher Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: Spectrum Building, 7th Floor, 55, Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC FP Exp
Underinsurance. (Business Interruption cover) 2. (the number of months you are insured for)
UNDERINSURANCE Underinsurance WHAT IS UNDERINSURANCE? Underinsurance is the failure of a business to set adequate sums insured or fully cover their potential losses. For instance: Building or Contents
More informationOf Insurance Procurement
Of Insurance Procurement Time to break the spell How much? The way public money is spent is crucially important to the most vulnerable people in our communities. Our research indicates that of every 1.00
More informationAUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE
AUTOMOTIVE SPECIALIST MOTOR TRADE INSURANCE INTRODUCTION UK roads carry over 34.4 million vehicles of all types 1, supported by a network of manufacturing, sales, service, fleet, bodyshop, repair, testing
More informationGIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK
GIVE YOUR FUTURE THE DISCOVER THE POSSIBILITIES OF A CAREER IN RISK ABOUT ARTHUR J. GALLAGHER ARTHUR J. GALLAGHER IS THE BRAND NAME WE USE IN MANY OF OUR GLOBAL ACTIVITIES OUTSIDE THE US OPERATIONS OF
More informationCABINET FUTURE DELIVERY OF FACILITY MANAGEMENT SERVICES
Report No: 172/2017 PUBLIC REPORT CABINET 19 th September 2017 FUTURE DELIVERY OF FACILITY MANAGEMENT SERVICES Report of the Director for Places Strategic Aim: Sound financial planning and workforce planning
More informationHigher Education and Travel Risks
Higher Education and Travel Risks INTRODUCTION In a rapidly changing global environment Higher Education Institutions (HEIs), in common with many successful commercial organisations, regard the safety
More informationFINCH GROUP INDEPENDENT INSURANCE BROKERS CORPORATE INTRODUCTION
FINCH GROUP INDEPENDENT INSURANCE BROKERS CORPORATE INTRODUCTION 1 CONTENTS INTRODUCTION OUR CORE VALUES UNDERPIN OUR BUSINESS! Introduction 3 About Us 4 Market Capability 5 Finch Group Commercial 6 Finch
More informationOFFICIAL. Date and Time 15 th May 2018 SPA Boardroom, Pacific Quay Forensic Services Budget Management and Month End Guidelines Item Number 10.
Meeting Finance Committee Date and Time 15 th May 2018 Location SPA Boardroom, Pacific Quay Title of Paper Forensic Services Budget Management and Month End Guidelines Item Number 10.2 Presented By Amy
More informationNo-Blame Redress Scheme in Scotland for Harm Resulting from Clinical Treatment
No-Blame Redress Scheme in Scotland for Harm Resulting from Clinical Treatment RESPONDENT INFORMATION FORM Please Note this form must be returned with your response. Are you responding as an individual
More informationALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS
ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ALLIANZ MULTINATIONAL YOUR WORLD IS OUR BUSINESS ABOUT ALLIANZ MULTINATIONAL In a world where business and trade opportunities are constantly evolving,
More informationValue for Money Statement Year to 30 th September 2017
Value for Money Statement Year to 30 th September 2017 Introduction The Hyelm Group is committed to finding ways to provide excellent services whilst at the same time seeking to reduce costs and improve
More informationajg.com.au Connect and join the The ultimate guide to insurance for the construction industry
ajg.com.au Connect and join the conversation @AJG_Australia The ultimate guide to insurance for the construction industry Contents Introduction... 3 Think Gallagher... 3 Insurance requirements for the
More informationRisk Management Strategy January NHS Education for Scotland RISK MANAGEMENT STRATEGY
NHS Education for Scotland RISK MANAGEMENT STRATEGY January 2016 1 Contents 1. NES STATEMENT ON RISK MANAGEMENT 2 RISK MANAGEMENT STRATEGY 3 RISK MANAGEMENT STRUCTURES 4 RISK MANAGEMENT PROCESSES 5 RISK
More informationBEGINNERS GUIDE TO YOUR GUIDE TO CREDIT INSURANCE
BEGINNERS GUIDE TO YOUR GUIDE TO CREDIT INSURANCE CONTENTS Chapter 1 The Basics 2 What is Credit Insurance? Why is Credit Insurance so Important? Who is Credit Insurance Suitable For? Chapter 2 Benefits
More informationProfessional Indemnity Division. An Introduction
01 Professional Indemnity Division An Introduction 02 Professional Indemnity Division The Howden way We believe in building relationships based on trust and respect. We work with businesses that take their
More informationIndustryEdge for technology companies OUR KNOWLEDGE IS YOUR EDGE
IndustryEdge for technology companies OUR KNOWLEDGE IS YOUR EDGE OUR KNOWLEDGE IS YOUR EDGE IndustryEdge At Travelers, we recognise that no two industries are the same and that dealing with the complexities
More informationPolicy and Procedures
Procurement Policy and Procedures Page 1 of 23 Document Version Control Version Description Date Approval Number 0.1 for Discussion to P&R 01/04/2003 P&R noted 0.2 for Discussion to P&R 30/04/2003 P&R
More informationVAT CASE STUDY Research Support Spring Symposium 16 th April Jennifer Gilmartin Associate Director Research & Enterprise
VAT CASE STUDY Research Support Spring Symposium 16 th April 2018 Jennifer Gilmartin Associate Director Research & Enterprise Jennifer Gilmartin Associate Director Research & Enterprise Direct Line: 01904
More informationCONSTRUCTION SERVICES Technical Briefing Insurance for Construction Environmental and Pollution Liabilities
CONSTRUCTION SERVICES Technical Briefing Insurance for Construction Environmental and Pollution Liabilities ARTHUR J. GALLAGHER AJGINTERNATIONAL.COM CONSTRUCTION SERVICES 1 2 CONSTRUCTION SERVICES AJGINTERNATIONAL.COM
More informationoverview WHO IS CLAIM360? OUR INDUSTRY LEADING TECHNOLOGY
A new way of doing business Combining the best of the loss adjusting model with the best of the building panel overview WHO IS CLAIM360? Claim360 is a joint venture company formed by Cerno and Claim Central
More informationPROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES
PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES - 1 - P a g e CONTENTS 1. ADVICE ON COMPLETING THE PROPOPSAL FORM 2. PROPOSAL FORM 3. BINDING AUTHORITY QUESTIONNAIRE 4. OTHER
More informationLeisure Trusts Specialist insurance and risk management
Leisure Trusts Specialist insurance and risk management A specialist approach Understanding your risks The range of sport and recreation facilities offered by Leisure Trusts whether they are single or
More informationPreparing a business continuity plan
Preparing a business continuity plan Disaster strikes when you least expect it. Hopefully, a disaster will never happen, but if it does you need to be prepared so that the disruption to your organisation
More informationMARGIN TRADING AUSTRALIAN CUSTOMER AGREEMENT
MARGIN TRADING AUSTRALIAN CUSTOMER AGREEMENT TABLE OF CONTENTS 1. Introduction 02 2. The services we will provide and dealings between you and us 02 3. Conflicts of interest 03 4. Providing a quote and
More informationValue for Money Strategy 2016/17
Value for Money Strategy 2016/17 Document Control Information Reviewed by the Strategic Management Team Date of Next Review: August 2017 Approved by the Board of Management: August 2016 The Board of Management
More information3.6. Please also note, unless your policy confirms otherwise, the rights under your policy may only be pursued in an English court.
Terms of Business - commercial customers Bluefin Insurance Services Limited Authorised and regulated by the Financial Conduct Authority No: 307899. Registered Office: 1 Tower Place West, Tower Place, London,
More informationContract Management in Offshore & Marine, EPCIC and Shipyard
An Intensive 5 Day Training Course Contract Management in Offshore & Marine, EPCIC and Shipyard 18-22 Nov 2018, Dubai 28 Apr - 02 May 2019, Dubai 17-21 Nov 2019, Dubai 18-JUL-18 This course is Designed,
More informationFinancial Review. Volume (case equivalents) 8.4m 8.2m 2% Core revenue 706.7m 663.1m 7% Brand investment expenditure 125.7m 120.
Financial Review MANAGEMENT KEY PERFORMANCE INDICATORS 2018 2017 % movement Volume (case equivalents) 8.4m 8.2m 2% Presented in constant currency rates: Core revenue 706.7m 663.1m 7% Brand investment expenditure
More informationComparative SME Business Insurance Online for Brokers at fastforward your business
Comparative SME Business Insurance Online for Brokers at www.ipua.co.uk fastforward your business IPRISM UNDERWRITING AGENCY YOUR ONE STOP SOLUTION FOR ONLINE TRADING Making life easier for brokers to
More informationAnnual Audit Letter North West Ambulance Service NHS Trust 13 July 2016
Annual Audit Letter 2015-16 North West Ambulance Service NHS Trust 13 July 2016 Contents The contacts at KPMG in connection with this report are: Page Introduction 3 Amanda Latham Director Tel: 0161 246
More informationPROCUREMENT OF GOODS & SERVICES POLICY
ARK HOUSING ASSOCIATION LTD. [ARK] POLICY REF: F02 Version 2.1 November 2016 PROCUREMENT OF GOODS & SERVICES POLICY 1.0 INTRODUCTION 1.1 This policy describes how we will purchase, or procure, goods and
More informationNPS Benchmarking. Proposals for our bi-annual multi-client research programme. Issued : 29 th July Respond by: 22 nd August 2014
NPS Benchmarking Proposals for our bi-annual multi-client research programme Issued : 29 th July 2014 Respond by: 22 nd August 2014 1 Introduce 2 Our 3 Project 4 Project 5 Appendix: BDRC and the approach
More informationTreasury Management Policy
Treasury Management Policy December 2015 Approving authority: Court Consultation via: Finance Committee Approval date: December 2015 Effective date: December 2015 Review period: 2020 Responsible Executive:
More informationI have trained more than 1,000 individuals to become fully ACII qualified.
OGDEN TABLE CHANGES BY: ALAN CHANDLER,CHARTERED INSURER www.alanchandler.co.uk E mail alanchandler@uwclub.net I have trained more than 1,000 individuals to become fully ACII qualified. I can make passing
More informationA market leading MGA dedicated to making brokers lives easier. Your guide to our products & services
A market leading MGA dedicated to making brokers lives easier Your guide to our products & services From business as usual to unusual business - we can help. Thistle Underwriting We are here to help you
More informationFinance Committee. Inquiry into methods of funding capital investment projects. Submission from PPP Forum
About Finance Committee Inquiry into methods of funding capital investment projects Submission from Established in 2001, the is an industry body representing over 110 private sector companies involved
More informationSCOTTISH FUNDING COUNCIL CAPITAL PROJECTS DECISION POINT PROCESS
SCOTTISH FUNDING COUNCIL CAPITAL PROJECTS DECISION POINT PROCESS Incorporating amendments by Scottish Futures Trust (Proposals for Decision Points 2 5 Only) Executive summary... 1 Section 1: Introduction
More informationCONNECTING WORCESTERSHIRE PHASE 3 BROADBAND PROGRAMME
AGENDA ITEM 4 CABINET 29 June 2017 CONNECTING WORCESTERSHIRE PHASE 3 BROADBAND PROGRAMME Relevant Cabinet Member Dr K A Pollock Relevant Officer Director of Economy and Infrastructure Recommendation 1.
More informationAuthorised Officer is any officer permitted by an Appropriate Officer to authorise orders and contracts as per clause 2.5.
PART 3G Contracts Standing Orders 2018/19 Definitions Aggregation is the combining together of the total contract valuespend from separate contracts where they meet a single requirement for works, goods
More informationTitle Aggregated Procurement
Policy and Resources Committee 02 September 2016 Title Aggregated Procurement Report of Chief Operating Officer Wards All Status Public Urgent No Key Yes Enclosures None Officer Contact Details Chris Smith
More informationRethinking Repairs. A New Approach to Gas Procurement. Jerry Austin Executive Director for Property Sutton Housing Partnership
Rethinking Repairs A New Approach to Gas Procurement Jerry Austin Executive Director for Property Sutton Housing Partnership 07500 550 211 Agenda Guide to today s presentation 1. Traditional approach has
More informationSpecialists in recruitment insurance
Stackhouse Poland Ltd is authorised & regulated by the Financial Conduct Authority in respect of General Insurance business. Our firm s reference number is 309340. SP029/18 Specialists in recruitment insurance
More informationUNIVERSITY OF YORK INVITATION TO TENDER (ITT) FOR THE PROVISION OF XYZ GOODS AND SERVICES REFERENCE UY/PROC/XXX
UNIVERSITY OF YORK INVITATION TO TENDER (ITT) FOR THE PROVISION OF XYZ GOODS AND SERVICES REFERENCE UY/PROC/XXX Tenders to be submitted by noon on XX th Month 2015 to: https://in-tendhost.co.uk/york/aspx/home
More informationLloyd s Asia. Underwriting human progress
Lloyd s Asia Underwriting human progress What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise earned over centuries, Lloyd s is the foundation of the insurance
More informationThe Business Continuity Blueprint. A practical guide to. business continuity planning. PART 1 An Introduction
The Business Continuity Blueprint A practical guide to business continuity planning PART 1 An Introduction CONTENTS FOREWORD A practical guide to Business Continuity Planning Part 1 - An Introduction It
More informationHAZARD MANAGEMENT POLICY Page 1 of 7 Reviewed: October 2018
Page 1 of 7 Policy Applies to: The Board of Directors, staff employed by Mercy Hospital, Credentialed Specialists, Allied Health Professionals, contractors, students, volunteers and visitors. Related Standards:
More informationLloyd s Asia. Underwriting human progress. Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/ :51
Lloyd s Asia Underwriting human progress Lloyds Global Brochure - ASIA_154x233_V6.indd 1 22/08/2016 10:51 What is Lloyd s? Lloyd s is the world s specialist insurance and reinsurance market. With expertise
More informationUCISA TOOLKIT. Major Project Governance Assessment. version 1.0
UCISA TOOLKIT Major Project Governance Assessment version 1.0 Contents Introduction 1 Roles and responsibilities 2 Definition of a Major Project 3 Guidance for using the Toolkit 4 Governance elements 4
More informationYour Broker of Choice / Service is our Passion Corporate Insurance brokers you can trust Authorised Financial Services Provider License Number 1207
Your Broker of Choice / Service is our Passion Corporate Insurance brokers you can trust Authorised Financial Services Provider License Number 1207 About VKNFS Company history VKN Financial Services (Pty)
More informationClarion Housing Group Value for Money Statement 2017
Clarion Housing Group Value for Money Statement 2017 Value for Money Highlights Value for Money Highlights Clarion Housing Group is a business for social purpose. First and foremost we are a social landlord
More informationRisk Protection Arrangement
Risk Protection Arrangement Welcome Pack Membership Year 2017 Confirmation of risk protection arrangement (RPA) membership 3 Contact details & Cover Queries 4 RPA Membership Rules 5 Risk Management 6 RPA+
More informationEngineering Consultant Scheme Questions December 2014
Engineering Consultant Scheme Questions December 2014 BUYER QUESTIONS 1. Are there thresholds for obtaining a certain number of quotes when buying off the Scheme? The Engineering Consultant Scheme (ECS
More informationANNUAL REPORT & ACCOUNTS
ANNUAL REPORT & ACCOUNTS 2016 2017 We are delighted with the continued progress across all of our 21 operating companies. The Group has now started delivering on its new five-year strategic plan with a
More informationIAA Risk Book Chapter 7 - Intra-Group Reinsurance Transactions 2013 Reinsurance Subcommittee of the Insurance Regulation Committee
1. Executive Summary IAA Risk Book Chapter 7 - Intra-Group Reinsurance Transactions 2013 Reinsurance Subcommittee of the Insurance Regulation Committee Intra-Group Reinsurance Transactions (commonly known
More informationHow to Invest in Private Money Real Estate Loans
How to Invest in Private Money Real Estate Loans Investors seeking alternatives to the stock and bond markets will find refuge in the world of private money loan investing. If you are careful and diligent,
More informationRESIDENTIAL & COMMERCIAL DEVELOPER SERVICES
RESIDENTIAL & COMMERCIAL DEVELOPER SERVICES WHO IS PREMIER GUARANTEE? Premier Guarantee is one of the UK's leading providers of Structural Warranty and Defects Insurance Services and since 1997 have been
More informationChanges at a glance
CII insurance qualifications Changes at a glance 2014 2018 www.cii.co.uk Enhancing the CII insurance qualifications framework Changes in detail The CII s qualifications framework serves all sectors of
More informationYour guide to property and liability claims
Your guide to property and liability claims Introduction How to make a claim What information we need from you What to expect from loss adjusters What to expect in liability claims Please use the blue
More informationRisk Management Framework
Risk Management Framework Risk Management Framework 1. The University views Risk Management as integral to the successful execution of its Strategy. In order to achieve the aims set out in our strategy,
More informationCheshire Pension Fund Business Plan
Cheshire Pension Fund Business Plan 2013/14 Published by: Cheshire Pension Fund, Cheshire West and Chester Council, HQ, Chester CH1 2NP Page 1 of 24 Contents Page Part 1 Introduction, Context and Budgets
More informationProfessional Indemnity Insurance for Accountants
POLICY SUMMARY Please read carefully and retain Professional Indemnity Insurance for Accountants Intasure Professional Indemnity Insurance for Accountants Policy Summary WHAT IS A POLICY SUMMARY? This
More informationNON-TRADITIONAL SOLUTIONS August 2009
www.miller-insurance.com NON-TRADITIONAL SOLUTIONS August 2009 An introduction to risk finance By James Mounty CONTENTS How insurance works 03 What is risk finance 05 Probability distributions 07 Sample
More informationHow well do you really understand cyber risk?
How well do you really understand cyber risk? We are Cyber Essentials accredited. Cyber Essentials is a governmentbacked, industry supported scheme to help organisations protect themselves against common
More informationGoodman Group. Risk Management Policy. Risk Management Policy
Goodman Group Contents 1. Overview... 3 1.1 Introduction... 3 1.2 Objectives of the... 3 1.3 Application... 3 1.4 Operative Provisions... 4 2. Risk Management... 5 2.1 Overview of Risk Management... 5
More informationRetirement Investments Insurance Health. When. new. regulations. land we re here to. explain. their impact. A customer guide to the Insurance Act 2015
Retirement Investments Insurance Health When new regulations land we re here to explain their impact A customer guide to the Insurance Act 2015 Contents What is it? The key changes IA and you IA and brokers
More informationTax risk management strategy
Vodafone Group Plc has a tax strategy focused on the following 6 key areas: Integrity in compliance and reporting Enhancing shareholder value Business partnering Influencing tax policy Developing our people
More informationDear Mark: Your Environmental Liability policy will be renewing shortly. Attached is our quotation for coverage.
February 3, 2017 Mark Langdorf Brevard County School Board Risk Management Services 2700 Judge Fran Jamieson Way Viera, FL 32940 Re: Environmental Liability Policy Effective: 3/24/2017 to 3/24/2019 Dear
More informationManaging the costs of clinical negligence in trusts
Report by the Comptroller and Auditor General Department of Health Managing the costs of clinical negligence in trusts HC 305 SESSION 2017 2019 7 SEPTEMBER 2017 Managing the costs of clinical negligence
More informationENTERPRISE RISK MANAGEMENT POLICY FRAMEWORK
ANNEXURE A ENTERPRISE RISK MANAGEMENT POLICY FRAMEWORK CONTENTS 1. Enterprise Risk Management Policy Commitment 3 2. Introduction 4 3. Reporting requirements 5 3.1 Internal reporting processes for risk
More informationFace to Face Workshops for CII Local Institutes 2018
Face to Face Workshops for CII Local Institutes 2018 This document has been put together to assist Local Institute s source and meet the local demand for face-to-face training. More information, including
More informationProfessional Risks. Recruitment Consultants Proposal Form. Proposal Form 1017 Professional Risks
Professional Risks Recruitment Consultants Proposal Form Proposal Form 1017 Professional Risks Important Notice This proposal must be completed and signed by a principal, partner, director of the proposer/s.
More informationFinancial Governance Audits
Internal Audit Report s 2013/14 Issued to: Simon Newland Assistant Director (Education Provision and Access) Waqaas Munir Finance Manager - Education & Early Years Report Status: Final for Information
More informationDesign and Construct Building Estimator. Career Development Program
Design and Construct Building Estimator Career Development Program POTENTIAL Everyone tells you that you ve got it! You ve spent years sharpening your skills and now you re ready but where can you realise
More informationNDIS insurance solutions
NDIS insurance solutions NDIS insurance solutions Insurance Solutions for those involved in the National Disability Insurance Scheme With the roll out of the National Disability Insurance Scheme (NDIS)
More information7 th May Damages Discount Rate Consultation Ministry of Justice Post Point Petty France London SW1H 9AJ
7 th May 2013 Damages Discount Rate Consultation Ministry of Justice Post Point 6.21 102 Petty France London SW1H 9AJ LMA Response to Damages Act 1996: The Discount Rate - Review of the Legal Framework
More informationCSL DB transfer Frequently asked questions
CSL DB transfer Frequently asked questions 1 March 2016 GENERAL and BACKGROUND INFORMATION 1. Why is AustralianSuper transferring my DB plan to Equip? AustralianSuper and Equip established a strategic
More information3 Key Results Areas. claims as may be allocated from time to time by the Senior Claims Officer and/or the Claims Officer.
Sub-section Content 1 Preliminaries - Post title: Claims Assistant - Reports to: Senior Claims Officer - Pay grade / salary: xxx - Organisation Sector / Service Area: xxx 2 Job Purpose - To undertake the
More informationGlobal Property. Allianz Global Corporate & Specialty. Global Property. Tailor-made solutions for international property insurance
Allianz Global Corporate & Specialty Global Property Tailor-made solutions for international property insurance 1 Allianz Global Corporate & Specialty is the Allianz center of excellence for global insurance
More informationSPECIALIST COVER FOR TRAVEL AND TOURISM BUSINESSES
SPECIALIST COVER FOR TRAVEL AND TOURISM BUSINESSES At Touchstone Underwriting we specialise in protecting travel business against the unexpected. We offer a full range of insurance cover designed to help
More informationManufacturing Plus Insurance Scheme
Manufacturing Plus Insurance Scheme A bespoke insurance package developed for the needs of the manufacturing industry. www.crkinsurance.com sales@crkinsurance.com phone: 01455 557282 1 About Us A brief
More informationZurich s approach to the Insurance Act 2015
Zurich s approach to the Insurance Act 2015 A guide for our customers and brokers Commercial non-life policies Start Contents Changes to our policies and the way we handle claims 3 The duty of fair presentation
More informationSPAIO Conference Sept 21, 2018 OCIP v CCIP
SPAIO Conference Sept 21, 2018 OCIP v CCIP April Pittendreigh, VP Claims, Gallagher Canada Scott Hamilton, Partner, Loopstra Nixon Arthur J. Gallagher Canada Limited ajgcanada.com Agenda 1. Introduction:
More informationThe three C s: How consolidation, customization and collaboration will continue to impact commercial brokers in 2018
www.pwc.com/us/insurance The three C s: How consolidation, customization and collaboration will continue to impact commercial brokers in 2018 January 2018 2 PwC Top issues The three C s: How consolidation,
More informationRisk Management Policy and Strategy
Risk Management Policy and Strategy Version: 2.1 Bodies consulted: Approved by: Directors and Managers responsible for risk Board of Directors Date Approved: 28 March 2017 Lead Manager: Lead Director:
More informationClient Risk Solutions Going beyond insurance. Overview
Client Risk Solutions Going beyond insurance Overview For nearly a century AIG has handled millions of business insurance claims throughout the world, giving us a vast storehouse of data and insights across
More information13 th January Officer Contact Details Sean Connolly - x 5054
Policy and Resources Committee 13 th January 2015 Title Update on contracts relating to the Council s Fleet Report of Street Scene Director Wards All Status Public Enclosures Appendix 1 - Current Approved
More informationInsurance Brokers. Proposal Form
Insurance Brokers Proposal Form Insurance Brokers Proposal Form IMPORTANT INFORMATION REGARDING COMPLETION OF THIS FORM Method of Completion This proposal form may be completed in ink or electronically
More informationPlease check that we have correctly stated your name, initial(s), address and postcode and amend if necessary.
Trip Cancellation Claim Form Please return this claim form together with all supporting documentation to: Fly-sure Claims Dept, The Walbrook Building, 1 st Floor, 25 Walbrook, London EC4N 8AW.Telephone
More informationAIC 12/8/17 THE OFFICE OF RISK MANAGEMENT ANNUAL REPORT Purdue University Office of Risk Management Annual Report 1
AIC 12/8/17 THE OFFICE OF RISK MANAGEMENT ANNUAL REPORT 2016-17 Purdue University 2016-17 Office of Risk Management Annual Report 1 The Office of Risk Management Annual Report Property and Liability Risk
More informationSPREAD BETTING CUSTOMER AGREEMENT
SPREAD BETTING CUSTOMER AGREEMENT TABLE OF CONTENTS 1. Introduction 02 2. The services we will provide and dealings between you and us 02 3. Conflicts of interest 03 4. Fees, Charges and Tax 03 5. Providing
More informationProperty Insurance for Commercial Property Owners
POLICY SUMMARY Please read carefully and retain Property Insurance for Commercial Property Owners Intasure Property Insurance for Commercial Property Owners Policy Summary GENERAL This insurance is designed
More informationProperty Owners and Asset Insurance
Property Owners and Asset Insurance Introduction Vantage are a broker with a great deal of experience in providing insurance services and advice for property owners and High Net Worth clients. Many such
More informationGlobal Risk Consulting
Allianz Global Corporate & Specialty Global Risk Consulting Tailored worldwide risk management services from Allianz Risk Consulting 1 What we do? Allianz Risk Consulting (ARC) applies a consultative approach
More informationDISCUSSION ITEM UPDATE ON RISK SERVICES AND FIAT LUX CAPTIVE INSURANCE COMPANY EXECUTIVE SUMMARY
C5 Office of the President TO MEMBERS OF THE COMPLIANCE AND AUDIT : For Meeting of DISCUSSION ITEM UPDATE ON RISK SERVICES AND FIAT LUX CAPTIVE INSURANCE COMPANY EXECUTIVE SUMMARY The Office of Risk Services,
More informationWorcestershire County Council: Use of External Consultants
Worcestershire County Council: Use of External Consultants Risk and Assurance Services Providing assurance on the management of risks Report status Final Report date 30th November 2015 Prepared by Christopher
More informationMARGIN TRADING CUSTOMER AGREEMENT
MARGIN TRADING CUSTOMER AGREEMENT TABLE OF CONTENTS 1. Introduction 02 2. The services we will provide and dealings between you and us 02 3. Conflicts of interest 03 4. Providing a quote and entering into
More informationPlease don t delay - report same day
How to make a claim How to make a claim Early reporting 1 Methods of reporting a claim 2 Policy covers Comprehensive cover 3 Non-comprehensive cover 3 Legal expenses 3 Broken windscreen or other glass
More informationTreasury Management Framework v Page 1 of 28
UC Policy Library Treasury Management Framework Last Modified April 2017 Review Date May 2018 Approval Authority Chair, University Council Contact Officer Chief Financial Officer Financial Services Table
More informationOFFICES. Protect your workspace with our flexible Offices cover
OFFICES Protect your workspace with our flexible Offices cover RSA s Offices product is specially designed to suit the needs of limited companies, partnerships and sole proprietors operating administrative
More informationAllianz Asia Brochure 1a:Layout 1 06/07/ :36 Page 1. Allianz Global Corporate & Specialty - Asia.
Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 1 Allianz Global Corporate & Specialty - Asia www.agcs.allianz.com Allianz Asia Brochure 1a:Layout 1 06/07/2009 14:36 Page 2 Content Allianz Global
More information