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Risk Management Advisory Committee: Mission

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  • Identify, evaluate and assess the most significant risks and exposures arising out of The University of Texas System's operations in a systematic and on-going basis.
  • Select and develop the most effective techniques or combination of techniques to reduce risk.
  • Implement realistic and cost-effective loss prevention and control procedures to minimize the frequency and severity of losses.
  • Monitor the overall effectiveness of The University of Texas System's risk management processes.
  • Include principals of risk management in the decision process for adoption of new programs, services and facilities.
  • Assure The University of Texas System's risk financing strategy balances retention of uninsured risk and those risks underwritten through commercial insurance in a manner consistent with available financial resources and public expectations.
  • Emphasize and enhance Systemwide communication regarding best practices in administering risk management processes and programs.