Insurance & Risk Management (IRM) is responsible for assisting departments in preserving the human and material assets of the University, through innovative risk management, risk financing and claims coordination.
IRM also helps to identify conditions that cause injury or loss of assets. It devises strategies to eliminate or control these conditions. The most common form of Risk Management is Insurance.
It is IRM's mission to preserve and protect UCLA operations and resources. The University is continuing its leadership role as a global teaching, research and public service pacesetter.
The program provides self-insurance coverage for the negligent acts or omissions of UC employees while acting in the course and scope of their university employment.
The Property program provides self-insurance for property, automobiles, fine arts and marine for property owned by the university or in its case, custody and control.
Finance is responsible for all financial activities relating to IRM, including development of campus insurance rates, monitoring collections and analysis as needed.