Ventiv Technology

360º | Aon eSolutions 1 3 With RiskConsole we can provide underwriters with a clearer picture of our exposures. injury prevention and safety training for associates. In essence, RiskConsole provides a big- picture perspective on claims, policy, and exposure data, enabling Starwood to manage its risks with more control than ever before. Equitably allocating insurance costs "Starwood offers its owned and managed hotels a sophisticated insurance program with nine lines of coverage," said Villarreal. "When renewals come around, premium costs need to be allocated out to our hotels on a fair and equitable basis. RiskConsole helps us make these calculations by providing all of the data required in a simple format," said Villarreal. Using a modified version of RiskConsole's policy module, Starwood has also designed a systematic allocation process. e company tracks the hotels that have signed up for various insurance programs and calculates premium allocations based on the hotel's specific risks, exposures and loss history. For instance, with regard to property coverage, Starwood tracks the hotels that have earthquake or windstorm risk in order to properly charge these locations for these exposures. In addition, Starwood takes into account the hotels' claims frequency, severity and loss rates as key factors in computing premium allocations. benefits for the future With RiskConsole, Starwood is now able to perform complete data collection, analysis and reporting, which provides the company with a 360-degree view of its exposures. is risk intelligence has enabled Starwood's claims and risk management team to reduce the number and severity of its workers' compensation claims as evidenced by measurable results. In addition, Starwood is now equipped with the quality data and actuarial reports to respond to underwriter requests, and as a result, has achieved superior results in coverage and premium rates. Moving forward, Starwood can leverage the power of RiskConsole to support ongoing risk management goals and objectives. For more information, contact Jason Kiefer on + 1 678 784 4623 or email jason_kiefer@aon.com "With information now compiled and housed in one central location, we can run a broad array of risk management reports"

• Cover