Authored by Janice Abraham, CEO of United Educators, the Risk Management chapter of College and University Business Administration, explores the expansion of the risk management profile to include a view across the entire enterprise. Divided into two sections, Part 1: Risk Management Programs and Part 2: Risk Transfer and Sharing: Insurance Options, this general discussion will provide readers a better understanding of the fundamentals needed in managing risk.
As higher education’s risk profile has increased, the concept of risk management has undergone several striking shifts in emphasis. From its original focus on insurance and financial loss, risk management has expanded to include a much broader range of assessments about reputation and strategic objectives. Highly publicized events over the past several years—e.g., sexual assaults, student protests, athletic injuries, cyberattacks, and international events—have sensitized boards, presidents, and business officers to the multiple dangers threatening higher education institutions. Learn more by downloading a copy of Risk Management from College and University Business Administration collection.