Key outcomes from the 17 March 2022 Seacare Authority meeting
5 April 2022
The Seacare Authority met via videoconference on 17 March 2022. The key outcomes of the meeting are set out in this news item.
Seacare scheme matters
The Seacare Authority considered issues relating to scheme viability, coverage and the tightening insurance market for scheme employers under the Seafarers Act. Members also noted the risks to the viability of the Seafarers Safety Net Fund as a result of these factors.
Strategic risk management
The Seacare Authority considers its strategic risk register at each of its regular meetings, with a particular focus on the risk that the scheme may become unviable.
Members considered progress against actions taken to ensure the continued viability of the scheme and will continue to work with stakeholders on mitigation strategies.
The next meeting of the Seacare Authority will be held on 16 June 2022.