Insurer Vero has recognised two companies as leaders in risk management by presenting them with an award and a grant for further risk management education or a risk improvement project.
Vero awarded the RMAdvancer Achievement Award to Coca-Cola Amatil Limited for its efforts to reduce site and operational hazards at its Kewdale facility in Perth. Amalgamated Holdings Limited won the RMAdvancer Advancement Award which recognised the company’s improvement in attitude and approach to managing risk in its Event Cinemas division.
Suncorp Commercial Insurance CEO Anthony Day said risk management was a vital aspect of everyday business if organisations, including Suncorp, were going to survive in a changing world.
“We can never predict exactly what is going to play out in the economy, and we’re continually reminded of the unpredictable and sometimes destructive nature of our environment with floods, hailstorms and earthquakes,” Day said.
“Risk management is about recognising that while we don’t have the power to prevent every risk, we can do everything possible to minimise the effect on our business, our people and the community around us. Insurers are but one small part of the risk management process and it’s really encouraging to see the efforts that top-500 companies and their brokers are putting into improving their risks.”
The judging panel included members of companies who had previously won RMAdvancer Awards along with executives and risk engineering consultants from Vero. The judging criteria assessed how companies had identified and addressed hazards, the role played by senior management and the success of plans for continuous monitoring and evaluation of risk.
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