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"Aon's Independent Schools Risk Report is our contribution to the education sector, helping schools strive for improvement by assessing themselves against their risk registers and peers. Several new risks were introduced in 2022, including Mental Health, COVID/Pandemic Risk, Economic Slowdown, and Construction, which I believe have arisen due to situational awareness. Connecting 2022 with 2024, we see consistency with the elevation of concerns brewing for a while - talent, mental health, safety and business continuity risks - Key themes of people first and resilience. Schools can strengthen their governance, risk mitigation measures, and processes to provide a framework for resilience. By focusing on culture and well-being, schools can attract and retain talent and provide a solid foundation in the face of economic uncertainty."
Andrew Leahy,
Education Practice leader
2% increase in the number of Schools Using MFA
33.8% experiencing high or very high levels of psychological distress.
Legislative change rise from rank 8 to 4
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Navigating the next decade of risk
This year marks the 10th anniversary of the Independent Schools Risk Report, a milestone
that reflects Aon's ongoing commitment to supporting independent schools across Australia. Since 2014, the survey has been capturing a
view of risks in the education landscape from the perspective of professionals working in the sector.
The 2024 survey was conducted from 7th May 2024 to 4th June 2024, with 190 schools taking
part in the survey from all seven states and territories across Australia.
Independent
Schools
Risk Report
Participating schools include non-denominational and religious institutions, Steiner and Montessori-led programs, as well as schools providing special assistance for students at risk.
Where is your school located?
How many students are currently enrolled at your school?
10 Years of Risk
Over the last decade Aon’s Independent Schools Risk Report has delivered insights into the top risk concerns of independent school executives and board members. The chart below tracks the Top 10 risk concerns over this period and demonstrates how the views of respondents have changed. While many risks have persisted over time, the overall risk profile for schools has become increasingly complex, with risks now overlapping and interconnected.
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Register to Explore the Finding of the Independent Schools Risk Report