With Aon eSolutions' RMIS, risk management information system, RiskConsole, Barcelona-based Abertis Group has achieved a vision of its risks and exposures that bridges four continents, multiple languages, and currencies.
Bridging a Multinational Global Risk Profile
Bringing together the risk management information from Abertis' five business areas—toll roads, airports, telecommunications, car parks, and logistics parks—into one database is critical in order to form a consolidated view of the company's risks.
Cristina Alonso de Pablo, Head of the Corporate Insurance Unit at Abertis explained. "We wanted all businesses working within a single tool, gathering policy and claim administration information for each business and creating a global vision."
Along with considering the policies from the various international infrastructure and Spanish subsidiaries, the company also needed easy access to information within their policy framework, annexes, and annual renewals.
"We are more self-sufficient in terms of monitoring and understanding claims," she said. "The unification into a single system makes it much easier to manage all of our information."
The high level of security within RiskConsole allows Abertis to define the type of access for employees as well as different brokers. "As a result, we have three different brokers that have access to RiskConsole," Cristina explained.
Consolidating claim data helps Abertis identify possible areas in a business that may need improvement. When renewing insurance policies, consolidated data also streamlines the collection of relevant data; supports in determining the optimal balance of self-insurance and risk transfer to the insurance market; and enhances negotiations for maximum terms of coverage at the lowest premiums.
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