
Australian universities are operating in an increasingly challenging environment where tertiary education is faced with new challenges and growing competition. Achieving the Government’s objectives in the coming years will require universities to increase enrolments, employ additional teaching staff, increase investment, in capital expenditure, and deliver ever expanding curriculum and research. These objectives and associated costs must be achieved against a backdrop of difficult economic conditions and the proposed indexation of university grants. Achievement of these objectives will therefore require universities to contain costs, free up resources and generate income sources to supplement government funding. Generation of commercial revenues has been an increasing trend across most universities and such commercial expansion brings with it a new set of risks to be managed.
Products and services
Marsh’s dedicated education team has an unrivalled understanding of the range of risks that affect the tertiary education sector:
We work closely with our clients and risk consulting colleagues to successfully manage these risks through the delivery of consulting services:
- Enterprise Risk Management
- Business Continuity Planning
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Marsh has strong and established relationships with Unimutual and all other commercial insurers which allows us to achieve optimum insurance premiums and coverage outcomes.