The Motor Sports Association (MSA) will distribute its largest-ever insurance rebate of £472,000 to MSA event-organising clubs, to help boost their finances ahead of the 2018 season.
All event-organising clubs collect ‘per capita’ insurance fees from competitors and provide this to the MSA to cover the costs of insurance programmes. The MSA works hard to obtain the best possible insurance arrangements, and at the same time through careful risk management aims to produce a surplus over costs to make a rebate to the clubs.
The £472,000 represents 100% of the surplus from all insurance fees collected throughout the year.
Alan Gow, MSA Chairman, said: “I’m very proud that the MSA, through very prudent financial and insurance management, are able to provide this largest-ever rebate to our clubs. These funds will be in their bank accounts by the end of the year, thus providing them with some important and often-needed cash-flow particularly during the ‘off-season’. It is yet further demonstration of the MSA’s real commitment in looking after our clubs, who are the very foundation of our sport.”
Rob Jones, MSA Chief Executive, added: “Careful management of risk means that the MSA Board has been able to agree a very substantial six-figure rebate to our event-organising clubs, who are the bedrock of UK motor sport. Through a strong partnership of organising clubs, competitors, volunteers and the MSA we have achieved the best possible insurance position in 2017 and I am delighted that we can reward our partners commitment to safety and risk management in such a significant way.”
A view from the outside in, looking at Motorsport UK's various roles as a governing body. Motorsport UK has worked in the background as a governing body for over 100 years, but is undergoing a change of culture and mission. Since the arrival of Chai... Read more
We are aware that a number of our licence holders will be attending events which take place over the weekend following the Brexit deadline and that whilst you may be able to exit the UK without issue, it is possible that if a deal with the EU is not ... Read more
As Ott Tanak and Toyota Gazoo Racing WRC celebrate their first British win, one of my main reflections is how the 2000 marshals, motor clubs and volunteers have once again helped deliver an amazing Wales Rally GB 2019. You make such an extraordinary ... Read more
Motorsport UK is pleased to offer members an exclusive discount on tickets to this year’s Lancaster Insurance Classic Motor Show, with Discovery. Read more
The MSA has congratulated Jean Todt on his re-election as FIA President and Graham Stoker on his re-appointment as FIA Deputy President for Sport. Read more
Barry Arundell and Southsea Motor Club have been named the JLT MSA Volunteer and Club of the Year respectively, following an outstanding array of entries showcasing the best of UK motor sport. Read more
The MSA will make significant changes to its governance structures and processes from 2018 following detailed analysis of the recommendations of a major strategic review. Read more