Risk and insurance management

Unique IDAY-0083DescriptionThe business of ensuring that risks faced by the Council (such as risks to property and equipment by fire, theft etc) are identified and mitigated. The City Council was already taking out insurance policies and requiring cover for it's tenants by 1914.

The City’s Insurance and Risk Management unit was formed in 2002 with one manager and one claims investigator, in addition to an outsourced broker and claims management function. In 2004 the claims management function was brought in house with the employment of one claims officer. In March 2006 the CEO approved a project to implement Enterprise Risk Management (ERM) into the City following statements by the NSW Auditor General that ERM was to be a Corporate Governance priority for Local Government, the addition of ERM into the Australian Stock Exchange Guidelines and premium savings being offered by the insurance market for clients with ERM. In April 2010 the Risk Management and Insurance functions separated due to the growth and increased complexity of ERM. Two additional staff were then engaged to handle ERM, and two additional staff added to Internal Audit to create a new Risk and Assurance Unit.

Series

General Correspondence and Subject Files

Insurance Register

Insurance Sub-Committee Agenda Papers and Minutes

Index to Claims for Damages

Properties, Housing and Works Committee Agenda Papers

Corporate and Community Services Committee Agenda Papers

General Correspondence and Subject Files

Central Activity Files

Town Clerk's Department Correspondence Files [Municipal Council of Sydney / City of Sydney]

Minutes of the Electric Lighting Committee

Minutes of the Finance Committee I [Municipal Council of Sydney]

Description

Start date1st January 1914Start date qualifierbyEnd date1st January 1914Relationship legacy dataRELATED TO: Council administration FN-0026 (01/01/1914)

Identification

Source system ID83

Relationships

FunctionCouncil administration

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Risk and insurance management