Dec 10 2015

Ventiv Technology and Hyatt Receive 2015 Risk Management Award From CIR Magazine

Ventiv Technology, a global leader in claims, risk and safety technology solutions, and global hotel chain Hyatt were jointly named a winner at the sixth annual Risk Management Awards, hosted by CIR (Continuity, Insurance & Risk) Magazine last month in London.

The Ventiv-Hyatt collaboration was named the winner in the “User Implementation” category, recognizing the year’s most successful implementation of risk management software. As evidence of a successful implementation, Ventiv and Hyatt featured detailed, significant milestones and key performance indicators that demonstrated a substantial, measurable return on investment. Read the complete award-winning Ventiv-Hyatt story here.

The Ventiv-Hyatt submission was selected by a panel of distinguished judges. The CIR Risk Management Awards recognize the highest achievements in risk management. A full review of winners will be published in the January 2016 edition of CIR Magazine.

Stephen Rhee, CEO of Ventiv Technology, said, “Winning a Risk Management Award from CIR magazine is a great honor. On behalf of all of Ventiv, congratulations to the Hyatt and Ventiv team members who have made our collaboration such a great success! Hyatt has been a RiskConsole client since 2010, and from the beginning has been committed to the continuous innovation of its risk management technology. The Risk Management Award publicly acknowledges the remarkable, quantifiable results that the Hyatt risk management team has achieved. Ventiv is proud to be Hyatt’s risk management technology ally.”

Mark Baker, vice president of risk management, Hyatt said, “Safety and security is a top priority for the company, and we are committed to using data to make smart decisions with that in mind. Our online, dashboard-driven portal gives hotel owners and managers tools to identify their property’s unique risk, safety, insurance and claim priorities. Hotel owners and managers are pleased by their newfound ability to project and control reserves, which results in more predictable costs. Across Hyatt, we’ve seen decreases in key indicators such as total incurred, average claim costs, claim count and lag time.”

The term “Hyatt” is used for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.