HB 141-2004

1 - HB 141-2004 RISK FINANCING GUIDELINES
4 - Preface
6 - Contents
8 - 1 Communication and consultation
9 - 2 Establish the context
9 - 2.1 Strategic objectives
9 - 2.2 Financial position
10 - 2.3 Management appetite for risk
10 - 2.4 Person charged with implementing risk financing
10 - 2.5 Setting criteria
12 - 3 Risk identification
13 - 4 Risk analysis
15 - 5 Risk evaluation
16 - 6 Risk treatment
17 - 7 The funding process
17 - 7.1 Insurance
18 - 7.2 Self insurance or internal funding
19 - 7.3 Risk financing considerations
21 - 8 Other issues
21 - 8.1 Errors and omissions (E & O)
21 - 8.2 Intermediaries
21 - 8.2.1 Insurance broker
21 - 8.2.2 Insurance agent
22 - 8.2.3 Reinsurance broker
22 - 8.3 Cost allocation
24 - 9 Monitoring and review
26 - 10 Documentation
28 - APPENDIX A - Risk factors and controls
29 - APPENDIX B - Example of allocating a $10 million premium for a third party cover
30 - APPENDIX C - Case study: A large engineering design and construction company
32 - Glossary

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

First published as HB 141-1999.
Second edition 2004.