2021 Education Benchmark Report Published

COLUMBUS, OHIO – The 2021 Education Benchmark Report is now available from Assurex Global, providing school administrators with the ability to see into the insurance purchasing decisions of peer institutions to help build a solid framework for their own decisions.  

“The education insurance market is experiencing some of the most challenging conditions in many decades. Access to benchmark data from peer institutions has never been more important,” said James Shewey, Education Practice Leader at Assurex Global Partner firm RCM&D. “This report provides meaningful insight and data for our education practice clients, who can use it to help evaluate the adequacy of their limits while balancing costs, their risk tolerance, and exposure to loss.” 

The 2021 Education Benchmark Report focuses on nearly 350 independent schools, ranging from elite, co-educational, college preparatory schools to local charter schools. It also includes information from the study of almost 50 private colleges and universities. This study and its findings provide buyers with peer-related data to compare with their contemporaries. Additionally, it highlights current employee benefit trends – one of which is the continued concern for rising prescription drug costs. 

Independent schools have unique risk exposures that create challenges for school administrators and financial officers. They must focus on protecting the financial viability of their institution, assuring the efficacy of its educational processes, and protecting the school’s reputation, staff, and students. They must also ensure compliance with all regulatory demands and requirements. All of this is done while balancing the costs and benefits of any risk retention or transfer decisions considered. 

Assurex Global commissions numerous reports throughout the year to assist partners and their clients. Information on other industries such as construction, real estate, manufacturing, and technology, are available at assurexglobal.com. 

Assurex Global (www.assurexglobal.com) is the world’s largest privately held property and casualty insurance, risk management, and employee benefits brokerage group. The company operates as an exclusive partnership, supported by more than 100 of the most respected and successful global insurance broker members.