Annual Report 2014-15

Insurance broking and risk management services
Local Government Insurance Service (LGIS) works together
with the City of Wanneroo to provide a unique and tailored
suite of insurance and risk management services. The
Scheme, incorporating the LGIS WorkCare, Liability and
Property funds, provides a pooled fund and mutual scheme
with other WA local governments, for City of Wanneroo to
take control of their risk and minimise costs, as an alternative
to traditional insurance. This is achieved by taking a
coordinated approach to risk management,
claims management and injury management that is
holistic and seamless.
The contribution paid by the City of Wanneroo is required
to fund the actual and potential cost of risk exposures. The
positive claims performance over recent years has resulted in
an annual dividend disbursement to the City.
Insurance premiums
General insurance premiums (excluding workers
compensation) in 2014/15 decreased by approximately
4.5% due to improvements in motor vehicle claims and
an aggressive marketing campaign by Local Government
Insurance Services where rate/premium reductions were
achieved.
The City continues to strive to achieve competitive premiums
and comprehensive coverage for our insurable risks.
AUDIT AND RISK COMMITTEE
The primary objectives of the audit and risk committee are:
• Liaise with the local government’s internal and external
auditors so that Council can be satisfied with the
performance of the local government in managing its
affairs.
• The committee also advises the City in the management
of business enterprise risks, to review the strategic risk
register and provide advice to management on high
risk issues.
This committee is represented by the Mayor and all
Councillors. Councillor Nguyen was the chairperson and
Councillor Zappa the deputy chairperson. The Committee
met on the following dates during 2014/15:
• 26 August 2015
• 28 October 2014
• 25 November 2014
• 10 February 2015
• 10 March 2015
• 15 April 2015
• 5 May 2015
• 30 June 2015
50 | ANNUAL REPORT 2014/2015 | CITY OF WANNEROO | GOVERNANCE