The Office of Risk Management manages a variety of self-insurance programs whose fund balances total over $250 million.
All fund balances are managed by Risk Accounting in conjunction with other areas of the Office of Risk Management as well as other departments at the University of Texas System. Risk Accounting manages all the transactional and financial reporting responsibilities for the risk financing programs administered by ORM and the Office of General Counsel.
Accounting staff deal directly with actuaries providing historical loss data for reviews and recommendations of ultimate losses, rates and rating strategies and capitalization targets.
