These Triggers

These triggers could be things like a visa restriction, a pandemic, a trade war -- something like that that was outside of our control.

Hedging the risk that we face gives us more confidence to be able to continue proactively investing in the very strong relationships that we have in China.  We chose the $60 million figure because that roughly is our exposure across the two colleges.  If demand had actually completely disappeared, we'd be "made whole" for that year.

-- Jeff Brown, dean of the Gies College of Business at the University of Illinois, describing insurance that would be triggered in the event of a 20% drop in revenue from Chinese students at the Business and Engineering colleges in a single year as a result of a "specific set of identifiable events."  Tuition revenue from Chinese students makes up about a fifth of the business college's revenue. Times Higher Education, 29 November 2018