Risk Management actively manages Boston University’s loss exposures by identifying the types of fortuitous losses faced by the University, analyzing the different types and sizes of these loss exposures, and deciding how to handle and finance these losses through a combination of insurance, self-insured retentions, risk avoidance, risk transfers and effective claims management of the losses that do occur. We recognize that the University, by its very nature, is a constantly changing, dynamic entity. Our aim is to protect the University, not by avoiding the various actions that make the University function as a University, but rather by bringing about a realization that there can be rational planning incorporated within every function to minimize the loss exposure.