ANU Self Insurance Reserve Pool Losses 2022

Full description

Major universities such as ANU organize budget responsibilities by layers, beginning from smaller units such as colleges and departments. In addition, ANU owns or is affiliated with several other organizations such as ANU Enterprise Pty Ltd, ANU Union, and so forth. Rather than have each financially responsible unit purchase insurance according to their own needs, in 1994 ANU organized the so-called "Self-Insurance Reserve" or SIR for short. The Self Insurance Reserve (SIR) pool is "for insurance losses that except for the policy excess or coverage limit, would otherwise be covered under the commercial insurance program." In this way, the university facilitates economies of scale and reduces costs of insurance purchases. These data are for losses over the years 2012-2020. A more detailed description of the data and ANU's risk management context is available at Frees and Butt (2022), "ANU insurable risks," Australian National University Open Research Library, https://doi.org/10.25911/0SE7-N746.

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