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Higher education institutions present a complex risk profile that needs careful management to ensure they can continue to provide services and facilities to their student bodies.  
Ongoing changes within the sector will mean inevitably higher student expectations and raised awareness of rights, which will only serve to increase the demands placed upon institutions – and the risks.    

The most recent guide published by HEFCE confirms that risk management is still a high profile issue.  It also recognises that much progress has been achieved by many institutions and, in general terms, the higher education sector is clearly better positioned than it was in 2001, when HEFCE first issued guidance on the subject.   However, there is an increasing cost attached to sustaining this improvement.  

We believe that much more can be done to achieve a just reward for the effort and resource committed to risk management within your sector.   One of the key issues we see is the need to deliver evidence of the improvements in risk management achieved to the insurance market.  There is still doubt about the risks faced by the sector, particularly where there is a lack of understanding by insurers (‘universities are very big’) or where ‘unusual’ activities are concerned (research).  In our view, this shows that there is a clear gap between perception and reality.  Unfortunately, it also means the insurance market available to you will remain extremely limited unless this issue is addressed in the right way.

Risk2Value understands your sector and the risks you face.  We also recognise that the needs of individual institutions will vary and are able to provide effective and professional advice, to support your own in-house resource and expertise.  The services we offer can be accessed by clicking on the relevant topic.    











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