Welsh Risk Pool
The Welsh Risk Pool (WRP) is a mutual organisation funded by all Trusts and Local Health Boards (LHBs) in Wales. It is hosted by Conwy & Denbighshire NHS Trust at St Asaph in Denbighshire.
The main functions of the WRP are:
- Reimbursement of Losses
Reimburse Trusts and LHBs for expenditure incurred when claims are made against them, or loss is caused by other means. The cover provided is for all risks; the few exceptions allowed include Private Finance Initiatives (PFI), motor and income generation activities.
For a claim to be approved, organisations must meet a number of criteria, which include demonstrating what actions have been taken to prevent a recurrence.
- Management of Claims
To manage claims on behalf of Local Health Boards in Wales.
- Encouraging Good Risk Management Practice
Support the development of risk management systems by providing advice, developing education in healthcare risk management and facilitating the exchange of information on good practice and lessons learnt through the Risk Managers and Claims Managers Network meetings.
- Assessing Risk Management Performance
To use the Welsh Risk Management Standards to set out criteria for good risk management practice and measuring compliance with those criteria by audit.
Welsh Risk Pool Assessors measure organisation's risk management performance against the WRMS annually.
A detailed report is made to each organisation, the Assembly, the Welsh Risk Pool Advisory Board.
Last updated:
04/10/2006
