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Ecclesiastical launches education risk barometer

Ecclesiastical launches education risk barometer | Insurance Business UK

Ecclesiastical launches education risk barometer

In an effort to help insurance brokers enhance the conversations they have with their clients, Ecclesiastical has launched its latest Education Risk Barometer.

Designed to explore the top risks in the sector, it examines key areas of concern – including the impact of COVID-19, managing mental health and wellbeing, cyberbullying and more.

Top three short-term concerns

(1 year)

Top three medium-term concerns (1-3 years)

Top three long-term concerns

(3-5 years)

1. Impact of COVID-19 (62%)

1. Falling behind technology changes (40%)

1. Cost of maintaining school building (27%)

2. Managing mental health and wellbeing of pupils (56%)

2. Recruitment and retention of teachers (39%)

2. Financial pressure (24%)

3. Managing mental health and wellbeing of staff (56%)

3. Reducing the schools environmental impact (39%)

3. Reducing the schools environmental impact (24%)

 

According to the insurer, it covers a host of key risks and challenges, as well as opportunities facing schools, such as:

  • Trust in the education system
  • The mental health and wellbeing of students
  • The mental health and wellbeing of teachers
  • Safeguarding
  • Looking into the future
  • Alternative education
  • Protecting the environment

“Brokers play an important role in helping education clients understand the risks they are facing and in ensuring they have the right cover in place,” said customer segment director Faith Kitchen. “It’s no surprise to see that managing the impact of COVID is the biggest challenge facing schools as they continue to navigate the pandemic and its consequences. The pandemic has created new risks for schools and seriously exacerbated existing challenges in the sector. We hope this report will help brokers encourage their education clients to think about the risks they face and how best to protect their organisations for the future.”