Welcome to Riskpool


Riskpool offered public liability and professional indemnity cover to its member councils from 1 July 1997 to 30 June 2017, a total of twenty years. At its peak, Riskpool was providing cover to 82 out of a possible 85 district, unitary and regional councils. Over those twenty years, Riskpool collected $128.6 million in member contributions (including additional contributions) and as at 30 June 2018 it had paid its member councils $169.9 million in claims.

Riskpool is now in run off. The Directors decided in February 2017 that new covers from Riskpool would not be offered from 1 July 2017. This was a difficult decision to make, but support from the sector had dropped, particularly from the larger councils, and without good support Riskpool could not offer the competitively priced cover and risk management services it was able to offer in the past.

It is expected that Riskpool will remain in run off for a further 3 to 10 years.


As at 30 June 2018, Riskpool’s accounts show a deficit of $7.5 million. The comparative figure for 2017 is a deficit of $3.7 million. Last year, Civic Financial Services Ltd agreed to lend Riskpool up to $6 million at commercial interest rates. As at 3 October, the loan from Civic stood at $5.4 million.

Members were advised last year that further additional contributions from members (calls) would be required. The deteriorating claims experience in 2017-18 means that Riskpool needs to make at least one interim call before it makes a final call (on wind up). The call will be $6 million payable on 1 July 2019, split $3 million each to fund years 7 and 10. The call on Riskpool’s wind up is expected to be for a lesser amount. Purchasing reinsurance for Riskpool’s unreinsured risks has to date not been possible.

CLP (Civic Liability Pool) was structured to not require calls. All CLP claims are covered by ground-up reinsurance.

As with last year, this year's annual report includes the financial statements for both CLP and Riskpool. Riskpool’s financial statements by Fund Year, CLP’s Trust Deed and Riskpool’s Trust Deed and Scheme Rules are available here.

Riskpool 2018 Annual Report now available
Read Here

Riskpool Trust Deed and Scheme Rules now available
Read Here