Ventiv Technology

rekta iz, nura post- post morga sub ti. Kun rekta iz, nura postpos tmorga sub ti. Kun meze 10 Heinz employs over 36,000 people and has property assets of almost US$10 billion with over 800 manufacturing, warehouse and office facilities located around the world. Heinz needed to better manage its property inspections and recommendations, but the procedures and systems in place were manual and varied from year-to-year. Ed Aiello, vice president of global insurance for Heinz, wanted a solution that would help the company to better manage its global property and casualty risk data. He selected Aon RiskConsole due to its web-based architecture, multi-currency capabilities and its ability to be configured to match their specific needs. We spoke with Fleckenstein, manager of global insurance for Heinz, and Sherwin, the Heinz relationship manager at Aon Risk Services, to discuss how Heinz implemented RiskConsole to facilitate its risk data collection for property and casualty renewals and property recommendation tracking. Prior to using RiskConsole Heinz approached property data collection as many companies do, spending countless man-hours purging and emailing spreadsheets, then assimilating the data back into a consolidated picture to present to its underwriters. Now, over 100 Heinz employees throughout the world have been given access to RiskConsole's property module, changing the data collection process considerably. Using RiskConsole's security, each Heinz user has access to COPE (construction, occupancy, protection, exposure) information, along with specific hazard data related to windstorm, earthquake and flood for their locations. Values are captured in local currency and reported in US Dollars. Fleckenstein comments, "RiskConsole has helped Heinz' affiliates to take ownership of the values for the properties they are responsible for. The values were not bad before in the aggregate, but they're so much better now. We're also in a better position to provide our affiliates with guidance on how to report values in a way that is more efficient and clear. "For example, we want to ensure we are properly reporting values to the underwriters. Our insurance contract provides for recovery on net cost of sales for damaged inventories. The subsidiaries were reporting inventory values are based on cost of production. To ensure we're no longer underreporting our inventory values, we have provided our subsidiaries with instructions and the formula to calculate the values within RiskConsole." Heinz uses ACE for risk control services, property inspections and making recommendations based on its observations. The inspection reports are attached to the corresponding property record and recommendations are loaded via a data load from ACE into RiskConsole. An email is generated to the people at Heinz responsible for managing the recommendation, alerting them of the new entry. HJ Heinz company is the most international US-based food company, with a world-class portfolio of powerful brands holding number-one and number-two market positions in over 50 countries. Heinz' global annual sales are $8.6 billion with over 50 percent derived from outside the US. Heinz brands are cultural icons to consumers everywhere, representing quality, convenience and great taste. 360º Aon eSolutions HEINZ CASE STUDY FLECKENSTEIN AND SHERWIN "The team at eSolutions has been flexible and understands our requirements, meaning that RiskConsole has been configured to meet our needs. "

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