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10/6/2015
1
AMSC and AMSCIS 2015 Board Report
Barry Morishita, Deputy Mayor City of Brooks
Your AUMA business service
Solutions ‐based
• Four core services created to address municipal challenges
• Evolving business model – one size does not fit all
• Continue to address the needs
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What is AMSC?
• Wholly owned subsidiary of AUMA
• Established January 1, 2005
• AUMA maintains its advocacy role
• AMSC develops, coordinates and delivers aggregated services to member municipalities, their employees and associates
• Capacity to AUMA
What is AMSCIS/MUNIX?
• AMSC Insurance Services (AMSCIS) is an insurance brokerage
• Fully owned by AMSC
• MUNIX is a self insurance reciprocal
• Addresses the licensing and regulatory requirements for Employee Benefits and General Insurance
• Focus on coverage around MUNIX
• Dividend AMSCIS AMSC AUMA
• Same Board members on MUNIX, AMSCIS and AMSC
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Core ServicesHuman Resource Services
Human
Resource Services
Utility Services
Employee benefits
Wage & compensation survey
HR repository
Expert consultation
EFAP
APEX (DB)
MuniSERP
Alberta Communities Pension Plan
Group TFSAs and RRSPs
Elected Officials Education Program
Employee benefits
Wage & compensation survey
HR repository
Expert consultation
EFAP
APEX (DB)
MuniSERP
Alberta Communities Pension Plan
Group TFSAs and RRSPs
Elected Officials Education Program
Natural gas
Electricity
Green power
Utility management program
Water and wastewater services
• Audits, rate reviews and strategic plans
Core services
General Insurance & Risk Services Comprehensive general insurance coverage
(property & casualty, auto, crime, environmental, cyber, equipment breakdown, etc.)
Insurance claims handling
Loss control reports
Business continuity planning and disaster recovery
Risk management tools and online training
Casual legal services
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AUMA‐AMSC relationship
AUMA
Investment Advisory Committee
Audit & Finance
Committee
Governance Committee
AMSC MUNIX
AMSCIS
APEX
Benefits of supporting AMSC
• Expertise
• Economies of scale ‐ combined influence and purchasing power
• Member owned
• Support
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AMSC/ AMSCIS /Munix Board of Governors
• Chair Helen Rice
• Governor Buck Buchanan
• Governor Maryann Chichak
• Governor Steve Christie
• Governor Barry Morishita
• Governor Jenelle Saskiw
• Independent Governor Ron Helmhold
• Independent Governor Shelley Miller
• Independent Governor Al Mondor
• Independent Governor Elaine Noel‐Bentley
• Independent Governor Stanley Wong
Objectives
• Competitive services
• Solve challenges
• High client satisfaction
• Regular return on shareholder funds
• Leader in the business community
• Well governed
• Well managed
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2014‐15 Successes and Achievements
Looking back
• Fully implemented an Energy Retail Program
• Piloted Active Energy Management
• First Water Customers
• Apex and ACPP – plan text amendments
• Implement CAPSA guidelines
• Retirement Services new governance
• New Investment Manager and Fund holder
• Employee Benefits Task Team and rate review
• Implemented new model for Client and New Services Development team
• Agility Recovery business continuity and disaster recovery
• Introduction of Cyber Coverage• Excess insurance coverage through
Lloyd’s• Insurance system portal
2016 AMSC Initiatives
Looking forward
• Phase I – Utilities Management Program Implementation (training, education & Tools)
• Implement findings of the employee benefits task force on sustainability
• Benefits system review and RFP
• Efficient lighting technology‐aggregate GHG savings and accumulate offsets
• HR Services Conference
• Claims adjusting RFP
• NavRisk central and system enhancements
• Insurance rating model
• Asset/Liability study – retirement services
• Water billing business analysis
• Broadband business analysis
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MUNIX Member AnnualGeneral Meeting
What is MUNIX?
• Alberta Municipal Insurance Exchange “MUNIX” formed January 1, 2002
• Licensed reciprocal insurance exchange under the Insurance Act of Alberta
• Created by members of AUMA to serve their insurance needs‐similar to self insurance or deductibles
• Non‐profit insurance that is member owned and member governed
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MUNIX 2014 claims
• Property: $6M from 175 claims including wind damage, hail, and water leaks
• Liability: $2.7M from 400 claims such as slip and fall, sewer back up and planning & development applications
• Collision: $686,000 from 131 claims including motor vehicle accidents and hail
2014/15 accomplishments
• Increase of self insured retention levels
• Stable insurance rates on renewal
• Adopted reinsurance risk management policy
• Reinsurance contracts negotiated
• Implemented new claims software system
• Policy wording improvements
• 2015‐17 business plan
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MUNIX liability retention levels
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
2010 2011 2012 2013 2014 2015
Single Claim Retention Aggregate Retention
ReinsuranceMUNIX 10%
MUNIX property retention levels
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
2010 2011 2012 2013 2014 2015
Single Claim Retention Aggregate Claim Retention
Reinsurance MUNIX 10%
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2016 initiatives
• Implement own risk and solvency assessment
• Review and update insurance rating system
• Review MUNIX self insured retention limits (per occurrence and aggregate)
• Adopt an internal target for capital
• NavRisk system improvements for members‐manage claims on line
• More timely insurance renewal information to members
MUNIX regulation
• MUNIX is regulated by the Alberta Superintendent of Insurance
• Annually licensed under Alberta Insurance Act
• In 2013 Superintendent adopted Office of the Superintendent of Financial Institutions Guidelines
• Superintendent applies OSFI Guidelines with regard to size, risk, complexity and structure
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Financial statements, auditor and actuary
• Financial statements including independent actuary report and auditors report filed with Superintendent of Insurance
• MUNIX financial statements for year ended December 31, 2014 included in annual report
• Auditor KPMG LLP
• Actuary J.S. Cheng & Partners Inc.
Questions?