Student wellbeing and health solutions
The challenge
In 2021, a leading global university faced a volatile market and the sudden withdrawal of a long term insurer. The institution’s diverse operations made it difficult to quantify business interruption and property values for underwriters. Furthermore, the urgent need to secure viable, long term cover faced rising costs and limited local options.
The challenge
The solution
The result
The challenge
The solution
Gallagher initiated a fundamental risk and resilience review to establish radical assurance and transparency. This involved implementing protocols to link key risk functions, building a single source of data for the complex portfolio. The review created a blueprint for promoting proactive operational risk management in complex education sectors.
The result
The institution achieved a substantial rebate from the market by leveraging comprehensive risk data management. Stronger, long term cover was secured and restrictive clauses on business interruption protection were removed. The academic institution is now positioned to move forward with a self insurance model, strengthening its long term financial resilience.
The challenge
In 2021, a leading global university faced a volatile market and the sudden withdrawal of a long term insurer. The institution’s diverse operations made it difficult to quantify business interruption and property values for underwriters. Furthermore, the urgent need to secure viable, long term cover faced rising costs and limited local options.
Click on the steps to learn more about how we helped this educational institution secure long term financial resilience.