ASC INSURANCE REPORT Cont...

  1. Provide a source of expertise to encourage effective risk management programs on a whole of sport approach.  As the claims are incurred at the local club level the risk management programs also need to be focused at this level.  This results in resource and time issues.  In particular at the local level where many of the processes are performed by volunteers.  Any risk management programs have to be able to be implemented by these people.  One way forward may be to pilot risk management programs and develop standards within a few sports.

  2. Develop a process in consultation with sports and insurance industries and develop a template to collate detailed injury and claims data for all sports that can then be actuarially analysed to determine whether a self-managed mutual fund is feasible.  Currently no reliable information in respect of claims history exists and as such it is not possible to determine whether mutual funds would be beneficial.  The records need to contain details of all injuries and claims including conditions leading to the claim and the ultimate outcome; and

  3. To ensure that all levels of organisations within the sport have appropriate insurance cover NSOs are encouraged to consider the use of national schemes.  In addition, greater consideration of a group deductible or excess may assist with keeping premium increases down.

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The full Insurance Report can be obtained from the Australian Sports Commission's Active Australia website
  www.activeaustralia.org/business/revproj.htm

I also recommend that you refer to the following web page where the Australian Sports Commission provides some excellent information on issues such as Governance, Planning, Risk Management, Insurance and Privacy. 
www.activeaustralia.org/business/

 

Reference: Australian Sports Commission Insurance Report, January 2003 

  

The editor of the IEA Sport Monthly Update is  joint Chief  Executive Officer, Rod Hughes.

IEA has offices in every state.  National freecall number 1800 SPORT 1 
                           (1800  77678  1)
Email:info@ieasport.com.au

Disclaimer The information provided in this Email and on the IEA web-site is to be used as a reference only. IEA accepts no responsibility for the accuracy of the information or your reliance upon it. The views of contributors are their own and do not necessarily represent the views of IEA


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