The report analyses the tender responses to
the procurement of Motor Insurance against four options with
consideration of insurance premium costs and likely levels of self
financing required for claims where deductibles (excesses) are the
options under consideration.
This procurement brings all three Boroughs under the same insurance
provider and enables the Issue of Motor Insurance certificates in
the name of all three Boroughs jointly delivering cover that is any
driver, any vehicle from any of the Tri-Boroughs both facilitating
greater service integration whilst ensuring blanket cover and
eliminating the possibility of oversight in compliance with
insurance requirements.
Premium calculations and internal re-charges will continue to be
based on the vehicle ownership and individual claims performance to
avoid cross subsidy of other boroughs costs.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 27/02/2015
Report access: Open report with exempt appendix;
Decision due: 30 Mar 2015 by Cabinet
Lead member: Cabinet Member for Finance and Reform
Department: Finance Department
Contact: Ray Chitty Email: Ray.Chitty@rbkc.gov.uk Tel: 07739 315 565.
Reason No Public Access: PART OPEN PART PRIVATE Part of this report is exempt from disclosure on the grounds that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) under paragraph 3 of Schedule 12A of the Local Government Act 1972, and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.