Risk Financing

How does the University finance and insure its assets, students, faculty and staff?

The University of California deploys a sophisticated risk financing platform to finance the incredibly diverse risks emanating from the University’s varied operations. The vast majority of University risks are financed and insured through the University’s captive insurance platform consisting of several captive insurance companies and is led by the 2017 Captive Insurance Company of the Year – the award winning Fiat Lux Risk and Insurance Company.

The University’s use of these risk financing mechanisms provides significant financial efficiencies and opportunities which can then be repurposed throughout the University system to support its mission of research, education and public service.