Academies: Risk Management

(asked on 11th March 2016) - View Source

Question to the Department for Education:

To ask the Secretary of State for Education, if her Department will update the actuarial analysis used for the Risk Protection Arrangement to include the effect of the recent storms in the assessment of exposure to risk.


Answered by
Edward Timpson Portrait
Edward Timpson
This question was answered on 18th March 2016

All claims received up to 31 March 2016, including those arising from the recent storm events, will form part of the next actuarial analysis of claim experience and will inform the assessment of risk to the Risk Protection Agreement. Our next actuarial analysis exercise will be finalised in July 2016.

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