While risk is inherent in any organization and claims will always occur, their impact can be minimized and contained through an effective risk management strategy. Enterprise Risk Management strives to be a consultative resource to the University community in advising about insurance, claims and any issues relating to risk management.
Our main priorities
Memorial University's Risk Management Framework has been developed to assist in identifying, measuring, managing and disclosing all key risks in an effort to increase value to all stakeholders.
Memorial University's Risk Management Framework is not only concerned with probability of a risk occurring but also the severity of the risk.
Enterprise Risk Management is working with academic, administration and research units across the university to facilitate the identification process of risks and assist with the development of risk registries that will identify university risks and relevant risk mitigation strategies. Universities by their very nature are risk takers and accepting risks with proper mitigation strategies can optimize positive outcomes.