Aon Global Risk Consulting recently presented GRSP member Nestlé with an Aon Client Innovation Award for its “Safe Driving” programme at the annual Aon Risk Sympsium. The event, which took place September 28 – 30 near Milan, recognizes innovation and creative thinking in risk management.
“At Aon, it is our core belief that risk management can multiply economic and human possibilities,” said Stephen Cross, Chief Innovation Officer for Aon Risk Solutions. “Our innovation awards are designed to celebrate our clients’ commitment to delivering innovative and unique solutions. Nestlé is an excellent example of the innovative use of a captive to reduce road fatalities and collisions, and therefore, truly mitigate risk in road safety. We are delighted to congratulate Nestlé on a well-deserved award for great communication and innovation.”
With a fleet of more than 30,000 vehicles in over 86 countries, Nestlé needed to establish a comprehensive and centralized road safety / loss prevention management framework. To achieve this Nestlé used their captive to retain motor fleet risks in 40 countries and as a key source of funding for sustainable road safety across the globe. “We knew we had to tackle road safety on a global scale,” said Andrew Bradley, Head of Group Risk Services for Nestlé. “In some countries, such as Mexico, which you could argue have some of the world’s most dangerous road conditions, within the first 12 months of implementation we have had a 48 per cent reduction in fatalities and 39 per cent reduction in collisions. The programme has also resulted in increased employee engagement. To achieve this we needed to have strong communication across business functions including risk management, HR, health and safety as well as vehicle suppliers, contractors and vendors. We are delighted to accept this award and have this programme recognized by Aon in their annual Client Innovation Awards.”
The symposium, attended by more than 140 international delegates representing 80 countries and 30 industries, focused on empowering economic and human possibility and included a keynote speech on globalization and economics by Professor Ian Goldin from the University of Oxford. Expert addresses were also given by event sponsors, including AIG, Barclays, Generali, Hiscox and QBE. The conference examined how emerging risks such as cyber catastrophes are impacting management liability and discussed new insights into the management of risk and people.