Small-claims mutual fund makes a dent in cover charges
Article Abstract:
The UMAL university insurance system is being introduced in the UK to enable institutions to pay for small claims from a pool of funds without having to use an external insurer or broker. Money not used in claims is returned to pool members. The UMAL model was developed in Australia and was adopted by 36 UK institutions during 1992-1999. UMAL is a discretionary mutual and as such is not legally required to pay claims, but UMAL officials say such an occurrence is highly unlikely. Some universities are concerned that they may be unable to meet claims if the fund is empty, but UMAL has a stop-loss insurance policy to cover this.
Publication Name: Times Higher Education Supplement
Subject: Education
ISSN: 0049-3929
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Firm foothold for leap to Europe
Article Abstract:
British Universities are showing a keen interest in the increasing number of South Korean firms which are investing in Britain as they have already benefited from partnerships with Japanese firms. The links take a long time to build up as South-East Asian companies like to get to know and trust the organizations with which they work but it has been worth it for the universities in terms of jobs for graduates and money for research. Nissan has been involved in setting up a BEng course at the University of Sunderland and the Korean giant Samsung sponsors students at Newcastle University.
Publication Name: Times Higher Education Supplement
Subject: Education
ISSN: 0049-3929
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The Korean connection
Article Abstract:
Korean companies have been moving into Europe, and particularly Britain, since 1993. This opens up possibilities for partnerships with British universities. Further major manufacturing investment is planned as companies seek to extend their markets but also to acquire technologies. In partnerships universities can benefit from Korean investment whilst the companies can gain from research and training in science and technology. British business schools may wish to play a part in training management students who can work in the cross-cultural arena.
Publication Name: Times Higher Education Supplement
Subject: Education
ISSN: 0049-3929
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Fees and loans funds wind of change. The bridgemaster
- Abstracts: Rabbinical dynamo has patients in mind. The big bang in biology. Harried by the mob
- Abstracts: Familial stake in the ratings. Why academic life is sweet. The awful choice of Clinton or ...
- Abstracts: Trapped in a time warp. Please don't mention the war. Redecorating Britain in a deep shade of blue