1、Higher education:Navigating the new normal2025iiRising premiums,reduced coverage options,higher deductibles,and more exclusions can create major insurability challenges for higher education institutions,many of which are struggling to secure adequate coverage at rates that allow them to retain finan

2、cial stability,fulfill their mission,and be resilient.The education sector is currently at a pivotal crossroads.Following challenges in the 1970s and 1980s,the insurance market remained relatively stable for several years,providing institutions with the coverage that they needed as they evolved thei

3、r offerings and managed occasional crises.But as the risk landscape reaches unprecedented volatility,traditional assumptions about coverage,capacity,and cost are being challenged regularly.And significant concerns about societal upheavals,legal transformations,and emerging risks are fundamentally sh

4、ifting the insurance industry mindset towards the education sector,essentially reshaping the way institutions manage and transfer risks.Higher costs are prompting some institutions boards to question the long-term affordability of current insurance premiums,especially amid concerns that insurability

5、 challenges will persist.In response,senior leadership is focusing on improving risk management strategies and actively exploring alternative risk transfer solutions.As the insurance landscape continues to evolve in response to systemic uncertainty and emerging risks,education institutions should co

6、nsider adopting a forward-looking approach.Innovative insurance solutions and comprehensive risk management strategies can help education institutions in their attempt to maintain financial stability and build operational resilience amid ongoing market shifts.Higher education industry facing widespr