
Jean Demchak
Global Education Industry Practice Leader
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United States
Consortia in higher education have existed for decades and vary in their scope and purpose. From regional and local colleges and universities whose networking makes it easier for students to earn credits, to shared research libraries, consortia can enhance schools' academic programs and help maintain revenue.
When institutions come together in consortium, they should consider the risks that can erode the advantages. From physical hazards to students, staff, and property, to cyber incidents, colleges and universities face complex exposures when linked together.
Our team of education risk specialists has a deep understanding of institutions like yours. We can provide cost-effective risk management solutions, so your institution can fulfill its singular mission and benefit from its consortia participation.
Higher education consortia can have complex risk profiles. Factors influencing institutions' exposures include their size, location, and assets. When institutions decide to share their resources in consortium, risks they should consider include:
Strong risk management and thoughtful planning, aligned with strategic objectives, can help higher education institutions identify their consortia vulnerabilities and become more resilient. As the COVID-19 pandemic and other global events have demonstrated, threats can emerge quickly and force institutions to make drastic changes to their operations to protect their own staff and students as well as any shared resources.
Our experienced team of risk specialists can help your institution improve its own and your consortia risk resilience.
Risk analytics and claim data are valuable tools that can help institutions like yours benchmark their risk management programs. Reducing your total cost of risk can free up funds to deploy in new academic programs, acquiring assets, and enhancing the student experience.
Marsh’s risk specialists have experience in helping institutions like yours manage risks effectively, so that you can keep enriching lives in your own and your consortia community.
Global Education Industry Practice Leader
United States
Managing Director, Education Industry Consortia Program Leader