A major transport division that reduced large claims by 35% is one of three organisations to win Vero’s prestigious RM Advancer Awards.
On Friday, Stadiums Queensland, Echo Entertainment and Elders were each recognised for excellence in risk management.
Elders, whose broker is Chris Agnew of Marsh, took out the Motor Vehicle award for its efforts to improve driver safety following a driver death in last March.
Following the fatality, the company reviewed its governance, training and accountability structures for all of its 2200 staff and 1800 vehicles and revamped them with a focus on driver safety.
In Vero’s most recent analysis, the initiatives had reduced large claims (more than $15,000) by 35%.
Meanwhile, Star Casino operator Echo Entertainment won the Liability award after incorporating public liability risk management into the design and construction phase of a $870 million renovation.
With up to 50,000 people visiting the four-hectare precinct each day, their exposure is significant, prompting extensive research to find flooring materials that minimise the risk of slips while maintaining a high-end aesthetic.
Echo, who work with Aon’s Paul Simmons, also invested heavily in staff training and awareness to ensure hazards are removed promptly.
Stadiums Queensland won the Property Risk Management Award for its efforts to mitigate the flood risks at Brisbane’s Suncorp Stadium and Queensland Tennis Centre in the wake of the January 2011 Queensland floods.
This included raising critical plant infrastructure above previous flood levels.
Stadiums Queensland’s broker is Marsh.
Suncorp Executive General Manager of Commercial Portfolio and Underwriting Management Darren O’Connell says this year’s judges had an extremely high-quality pool of finalists and nominees to choose from.
“It is extremely encouraging to see the results that brokers and clients are achieving through their hard work,” he says.
The winners will receive consulting hours from Vero’s expert team of risk engineers.