CEO’ s Message
New insurance updates include third-party RTA cover on public highway sections of events brokers, but also as advisors and claim handlers, overseeing a suite of corporate policies including cybercrime, motor fleet, and coaching cover. Our core £ 100m public liability master insurance policy is held by Allianz, giving us a world leading level of cover. Aviva cover all our travel and personal accident policies, while one of the newest innovations is working with Kingfisher, which is providing third-party Road Traffic Accident( RTA) cover for events on the public highway, as well as accidental damage to owners’ vehicles on public roads, on track or stage. This is a complex subject area and one that we value the views of the Council in keeping our cover both comprehensive and correctly focused.
Also discussed at the Council was a raft of safety and technology initiatives that we have been developing. We are committed to driving innovation, improving efficiencies, and gaining better insight through the digitalisation of data collection from incidents and accidents. With over 3,500 permits or 120,000 individual competition starts annually there is much to be learned. There are more than a dozen innovation projects being developed, but one that is at the centre of many of these is a digital database for competition vehicles. There is a real opportunity to link low-cost impact data recorders and an improved level of reporting from events to build a much more comprehensive picture of the risks and thus the interventions that are needed to improve safety across the board. This will in time allow us to build a database of vehicle records enhancing the information about things such as the lifeing of PPE and recording any advisories that have been picked up in scrutineering for subsequent competitions.
I hope this gives you some insight into the workings of the Council and the ways in which it serves the interests of the sport and develops themes for board discussion. For anyone reading this who wants to be more deeply involved with the development of the sport and securing our long-term future I would encourage you to consider getting involved. In just a couple of months we will be reaching out to the community inviting applications for committees, as well as various expert panels, so do look out for these.
The next month holds a feast of key motorsport events, leading up to the British Grand Prix at the start of July, with our five British drivers well placed to capture the headlines and hopefully podium positions.
Wishing you a safe and enjoyable month of motorsport ahead
Hugh Chambers CEO, Motorsport UK
Revolution Magazine 05