Risk management is the process of making and carrying out decisions that will minimize the adverse effects of risk on a municipality. Program participants can realize reduced risk (control losses or claims), and thereby keep insurance costs at a manageable level.

Risk management ensures that an organization identifies and understands the risks to which it is exposed. Risk management also guarantees that the organization creates and implements an effective plan to prevent losses or reduce the impact if a loss occurs.

A risk management plan includes strategies and techniques for recognizing and confronting these threats. Good risk management doesn’t have to be expensive or time consuming; it may be as uncomplicated as answering these three questions:

1. Risk Indentification - What can go wrong?
2. Risk Control - What will we do, both to prevent the harm from occurring and in response to the harm or loss?
3. Risk Financing - If something happens, how will we pay for it?

AMSC Risk Control Program

The AMSC Risk Control Program has been designed to meet three key objectives:

1. To help our clients significantly reduce the frequency and cost of claims arising from key exposure areas i.e. Property, Liability and Automobile.
2. To provide our clients with the foundation (knowledge and tools) they need to better manage all key exposure areas.
3. To build a robust database of risk information that will help support continued Program growth and performance i.e. reporting to our stakeholders (Program clients, the AUMA, and the Superintendent of Insurance), risk management analysis and strategy, and the cost-effective placement of Program insurance/reinsurance.

AMSC is pleased to offer risk credits to subscribing members to its General Insurance Program. In order to administer those risk credits, AMSC needs each member to formally apply for their risk credits.

This application identifies the required staff members that will be tracked for the 3 years to maintain your risk credits. AMSC recognizes that staff members changed, please submit a AMSC Risk Credit Notice of Staffing Change form to information AMSC of the change. To access the Notice of Staffing Change Form, click here.

Follow the links to the left to learn more about AMSC's Risk Control Program.

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