HB 141-1999

1 - HB 141-1999 RISK FINANCING GUIDELINES
3 - Preface
5 - Contents
7 - 1 Establish the context
7 - 1.1 Strategic objectives
7 - 1.2 Financial position
8 - 1.3 Management appetite for risk
8 - 1.4 Person charged with implementing risk financing
8 - 1.5 Setting criteria
10 - 2 Risk identification
11 - 3 Risk analysis
13 - 4 Risk evaluation
14 - 5 Risk treatment
15 - 6 The funding process
15 - 6.1 Insurance
16 - 6.2 Self insurance or internal funding
17 - 6.3 Risk financing considerations
19 - 7 Other issues
19 - 7.1 Errors and omissions (E & O)
19 - 7.2 Intermediaries
19 - 7.2.1 Insurance broker
19 - 7.2.2 Insurance agent
20 - 7.2.3 Reinsurance broker
20 - 7.3 Cost allocation
22 - 8 Monitoring and review
24 - 9 Communication and consultation
25 - 10 Documentation
27 - APPENDIX A - Risk factors and controls
28 - APPENDIX B - Example of allocating a $10 million premium for a third party cover
29 - APPENDIX C - Case study: A large engineering design and construction company
31 - Glossary

Provides guidance in a practical form to those people who are charged with arranging risk financing for their organisation, regardless of the size or nature of the organisation.

First published as HB 141-1999.