7 Risks of Studying Abroad
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According to the 2012 Open Doors Report published by the Institute of International Education, the number of American college and university students studying overseas has more than tripled over the past two decades. With the increase in study abroad programs comes an increased responsibility for colleges and universities to take action in ensuring the safety of students abroad, including keeping track of their whereabouts and the conditions of the countries they visit.
Schools providing study abroad programs should have a comprehensive, strategic travel risk management plan in place. In the past, it’s been difficult for schools to track and communicate with students studying abroad. Thus, very little records of incidents exist.
However, there are a few ways to mitigate these threats. Currently, both not for profit organizations and businesses offer resources to help risk managers of educational institutions expand their efforts. Additionally, schools can implement inexpensive site visits to conduct due diligence. These visits allow risk managers an opportunity to evaluate local coverage and ensure sufficient policies are in place.
But what are the real risks that exist? Property & Casualty 360 outlined seven of the top concerns that schools, students, families and their insurers have recently faced.
- Political Unrest
- Travel-related Illness
- Auto Accidents
- Natural Disasters
- Assault and Threats
- Insufficient Medical Care
- Accidental Death
If you’re concerned with your educational institution’s travel risk management plan, don’t worry. We’ve got an entire team of experts dedicated to the education space. Reach out to an ‘A’ Team member and start protecting your students.
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