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TRAVEL RISK MANAGEMENT 2015
Best practices from Risk practitioners: from experience to expertise
Observing and enforcing a legal framework at the international scale can be a challenge for organisations, especially for large scaled ones. More than just a legal consideration, Travel Risk Management must address moral, business and reputational aspects.
In a survey conducted from April to July 2015 and targeting Risk and/or Insurance Managers we found that:
• 88%15 believe that Travel Risk Management has become more important for Risk
and/or Insurance Managers over the last 2 years
• 79% stated that it is on their agenda for the coming year
• Less than 43% of the respondents’ organisations have a Health Policy
• Whereas 70% have a Safety and Security Policy
This demonstrates a growing consideration from organisations towards efficient and long-term solutions to ensure their international workforce’s health, safety and security. However, implementing such policies has its inherent challenges. Successful implementation of a Travel Risk Management plan requires specific trainings, people and knowledge.
Through these six interviews of European Risk and/or Insurance Managers we aim to share some of the best concrete practices and processes. These Risk and/or Insurance Managers belong to some of the largest and most respected organisations in Europe and they provide valuable insight in how any company should implement Travel Risk Management to extend its activities on the international scale.
15. On-line survey of 191 respondents conducted from April to July 2015 with 60% Risk Managers, 20% Insurance Managers and 20% are Risk and Insurance Managers.
ffffffKERING
ANNE-MARIE FOURNIER, Risk Manager at KERING, AMRAE Vice-president Activity sector: Luxury
Private company
Head office: France
Business locations: Brazil, China, Czech Republic, France, Hong Kong, Italy, India, Japan, Netherlands, Singapore, South Korea, Switzerland, Thailand, UAE, US.
Kering is the holding company of many famous luxury brands: Gucci, Bottega Veneta, Saint Laurent, Alexander Mcqueen, Balenciaga, Brioni, Christopher
Kane, Mcq, Stella Mccartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Jeanrichard, Pomellato, Qeelin, Ulysse Nardin, Puma, Volcom, Cobra, Electric Number of travellers/expatriates: 4 000/57
Number of countries where the organisation is set up/has an activity: 50+
Q1 How important is the management of health, safety and security risks for interna- tional/cross-border workers for your organisation? How has this developed in impor- tance over the last five years? How do you think it will change over the next five years?
With so much business travel, it is very important for us. I am not sure how much the exposure has changed in principle, but we are going to different countries, and over the last five years, travellers have become more conscious of the risks and ask what services and security devices are available. This is something which I believe will be increasingly important in the current global climate.
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