Duty of care and travel risk management are big topics in travel management. How Egencia can help you with traveler safety and destination information. International SOS has also provided six steps to support your LGBTQ+ employees who travel for business. Comprehensive Data Management Solution For Corporate Travel. BTN assistant editor Dawit Habtemariam gathered two small and midsize enterprise travel managers—Mapfre Insurance travel buyer Curtis Cleaves and Diamond Offshore travel manager Renee Gannaway—to wade through the challenges of travel risk management for SMEs. CWT is working with International SOS to provide travelers with extra support when on business, especially for those who associate themselves with the LGBTQ+ community. Your business will likely be building a set of risk-mitigating policies for your travelers and program overall. Read our Global Privacy Policy and Notice | Cookies Policy | Site Map | ©2020 @CWT. Most of them checked several boxes, suggesting they still have a long way to go. CTM’s risk management solutions are designed to help our customers meet their duty of care obligations, while providing business travellers with the confidence they need to make business travel safer, more productive and … Actually, enormous. What is Travel Risk Management? e-Travel Advisories - This is the core of your travel risk management service. We drive savings, efficiency and safety to businesses and their travellers all around the world. Check this page frequently as authorities, suppliers and airlines are changing their policies regularly. Our services all have one goal: to keep the employee healthy and safe before, during and after their stay abroad. ... are a few general principles to follow to make sure you implement an effective risk assessment as part of the overall risk management strategy. BCD Travel issues guide to building corporate travel risk management program Travel managers rank safety and security highly. What started as a seemingly harmless virus has escalated into a global storm within a couple of months with corporates and their travelers trying to make sense of the new normal in travel risk management. We drive savings, efficiency and safety to businesses and their travelers all around the world. As a corporate travel manager, your job has changed dramatically; you’ve had to re-assess your travel policies – ensuring employees feel safe and comfortable when travelling, and trying to figure out what the future holds for business travel. Download the pre-travel safety checklist for travelers. The below form is for inquiries about our corporate travel management offering. Travel risk management begins before your travelers depart on their trip. He then collected advice for those managers from Informatica global travel manager Rick Wakida, a veteran in the … Thank you for your interest in CWT. It is very important for business travel to be properly recorded and documented before the traveler leaves for a … Many travel risk assessment advisors would agree that a great starting point is simply consulting your corporate travel policy. Identify environmental threats. On the other hand, travel risk management is the strategy that fulfills that obligation. Make sure that you are able to educate your travelers on their destinations prior to departure. The architecture, design and support of our operations and systems reflect how information security permeates our company culture. Difference between travel risk management is a proactive, comprehensive approach to dealing with travel risk to protect your organisation and its travelling staff. It comprises measures that mitigate the risk travellers may encounter when they’re travelling for business and outlines the steps that must be followed consistently to ensure that they are kept out of harm’s way. You can set this up as part of your travel risk management policy. In business since 2007, Riskline is a privately owned company operating 24/7 with a geographically-distributed team in more than 15 countries and across 11 different time zones. Evacuation Support With security services in over 180 countries, we can manage the emergency security evacuation and extraction to ensure the safe arrival home of your personnel. April 26, 2016. When you have multiple employees traveling at once, managing travel risks is a near impossible task without the help of a travel management company (TMC). So does our security awareness and compliance program, which focuses on protecting the confidentiality, integrity and availability of information. The first challenge that companies face when gearing up for travel risk management is that in most countries, there are no laws, regulations or even guidelines that define what duty of care should entail. Corporate Travel Risk Management Webinar Apr 2, 2020 Why Everything In Corporate Travel Will Change John Rose, Chief Risk Officer Altour Brandon Strauss, CEO/Founder CapTravCOVID-19 has tested our Risk Management programs like never before. Now you’ve taken steps to make your program safer you can start to address your travelers’ anxieties and prepare them for travel. Establish a Corporate Travel Policy. Across the entire corporate travel supply chain, including travel agency RFP and selection, technology vendors, supplier negotiations and preferred vendors, preferred hotel programs, risk management, and expense management solutions. Corporate travel safety: 2020 guide. Reed & Mackay has teamed up with risk management company Healix International to launch a risk assessment tool as part of its R&M Protect and Care platform. At CWT, data security helps shield unauthorized access while allowing data to flow smoothly through our systems, and our global cybersecurity team is ready to manage any threats 24/7. As always, CWT welcomes people from all backgrounds, and we will continue to support traveling employees wherever possible. Watch this webinar on best practices for reducing employee travel risk before, during, and after a trip. In 2020, we’ve already seen a global health crisis, political uncertainty, and natural disasters affecting travel. Down the line, ... Our latest research shows that, historically, business travel rebounds from crises at a slower pace than leisure travel (exhibit). CTM provides risk management solutions to our customers, enabling businesses to identify risks, track and communicate with their travelers. We are closely monitoring developments related to COVID-19 in order to effectively support our customers and their impacted travel programs. To ensure we provide the right support, we have implemented contingency plans to plan ahead of emergencies, ensuring we mitigate any risks. You’ll also need to plan for how your business will assist travelers pre, during, and post-travel. Now more than ever, it’s vital for businesses to have comprehensive travel risk management policies in place. It could be that the review stage reveals a gap you missed, or simply that different countries update their restrictions. The tool will provide instant assessments of the medical and logistical risks posed for any proposed travel itinerary. Even as a concept, the idea of coordinating all the stakeholders that touch travel—finance, procurement, legal, HR, security, communications—around such an effort is intimidating. It’s the action plan that provides the care that companies have a duty to give. Key insight: Since January 2020, we’ve witnessed an over 210 percent increase in customers setting up out of policy destinations to limit or forbid travel to high-risk locations. Managing travel risk is a challengeTravel Risk Management: Keeping business travelers safe and secure We asked travel managers about the challenges they face when it comes to running a TRM program. Through these efforts, RMS assures good stewardship of state funds and the protection of state assets. A range of challenges. Unfortunately, CWT cannot offer services in your home country at this time. Including emergency support where required. In a world full of uncertainty, it’s a relief to know there’s Expert Care. What’s more, we annually revise our risk, security policy and standards framework to address technology enhancements, emerging threats, data protection law updates, and other law or regulation changes. Look closely at each of the following risk management pillars to get the insights you need to strengthen your travel policy, minimize your traveler risk, and support your business’ needs. The Securewest crisis management team will be on hand to offer expert guidance to support business continuity and help to mitigate reputational risk. You get vital information that helps you predict, identify and monitor potential threats to the health, safety and security of your traveling employees. We have the technology for you to always manage travel risks by Tracking employees throughout their trip Alerting employees about any pending changes, problems, or emergencies Download our business travel safety checklist to learn how you can provide the best possible duty of care to your travelers. A truly optimized corporate travel program utilizes the right mix of technology, agency provider, and suppliers. In a workshop at the Global Business Travel Association conference in August, WorldAware's Bruce McIndoe walked a group of … Travel risk management press release. Irrespective of the size and nature of an organization, employers must support the health, safety, and security of their employees who travel for business. Use of this website signifies your agreement to the Terms of Use | We are committed to protecting the personal data of our clients' travelers. But with Egencia, you don’t need to memorize anything. Educate Your Travelers: In addition to destination-specific information, all travelers should be made … Whether large or small, companies must react and establish integrated travel risk management systems. TRAVEL RISK MANAGEMENT Reach by Intelyse brings together intuitive technology and travel risk management best practice to deliver a comprehensive solution tailored to specific travel risk management needs. CTM’s risk management solutions are designed to help our customers meet their duty of care obligations, while providing business travelers with the confidence they need to make business travel safer, more productive and enjoyable. The German Travel Management Association (Verband Deutsches Reisemanagement) arrived at similar figures and came to the conclusion that medium-sized companies had a pent-up demand for travel risk management. Take NTT Singapore for example, "there were a lot of policies practiced within the company, so no one could hope to know them by heart. You get vital information that helps you predict, identify and monitor potential threats to the health, safety and security of your traveling employees. Providing information on health and safety issues, cultural etiquette, vaccination, climate conditions, and more is a proactive approach to averting risk and keeping your travelers safe. Corporate Travel Management (CTM) is a global leader in business travel management services. CWT gives you access to critical tools, information and services that help you: Looking after your employees’ well-being is a critical component of travel risk management (TRM), but it’s only part of the picture. In general, travel risk management is the process an organization implements to reduce its legal and fiduciary responsibilities to keep its travelers safe when traveling on company business. To reach out to CWT to learn more and also receive communications (email or phone) on our products and services, please complete the form below. We’ll help you keep your employees and their data safe, stay compliant with applicable laws, and predict and manage safety and security concerns like a professional. All rights reserved. It’s no secret that the COVID-19 pandemic will transform travel dramatically and redefine travel risk management to a whole new level. Corporate Travel Management (CTM) is a global leader in business travel management services. Corporate travel management process components To offer convenient conditions for traveling, companies establish corporate travel management inside their organizations or hire dedicated travel management companies that offer risk management services. Your contact request has not been submitted. The Corporate Travel Clinic is an expert in the field of Travel Risk Management. Stay informed about incidents that may affect travel, increase your organization’s exposure to risk, or jeopardize your employees’ health, safety or security. Locate and support your employees quickly in an emergency. Travel risk management tools CTM provides risk management solutions to our customers, enabling businesses to identify risks, track and communicate with their travellers. Risk-management teams are running hard to catch up with cascades of credit risk, among other challenges. 1. e-Travel Alerts - Receive an email alert to events happening around the world including transportation or weather disruptions, civil unrest, terrorism or any event that could affect your travelers’ safety. Take further action to enhance employee care and mitigate risk. Growing awareness of the value of travel insurance as a risk management tool is boosting demand from corporate clients for policies that are truly fit for purpose in a global environment that continues to present new risks for business travellers, finds Robin Gauldie We are experts at strategic sourcing. CapTrav is a cloud-based software solution for Travel Managers, Procurement, and Risk professionals who want to leverage and report on 100% of their corporate travel spend no matter where their travelers book Trusted by global travel management, SaaS, and GDS companies, SMEs and everyone in between, we build reliable travel risk solutions tailored to specific needs. If you’re ready to talk about how we can help you and receive communications about our products and services, please click the button below and fill out the form. Your business will likely be building a set of risk-mitigating policies for your travelers and program overall. Travelers: manage your travel here. You can unsubscribe at any point in the future from our mailing list using the ‘unsubscribe’ link on any of our emails. Whichever elements of your policies shift to support your risk-management planning, with Egencia you can be sure that your travelers can see what they need. TRM needs to include keeping their personal information safe too. We offer a broad range of services to international operating companies and their expats and frequent flyers. CWT helps you and your employees manage or avoid potentially dangerous or unproductive situations that may arise during travel. Key insight: Since January 2020, we’ve witnessed an 83 percent increase in customers setting up security approval to support traveler safety, even before they book. Your employees are your responsibility, so a top priority of your corporate travel program must be safeguarding their welfare. Care for traveling employees, protect your business. Travel risk management (TRM) is a comprehensive, consistent and proactive approach to protecting your people and your organization from travel risks. As part of this process, you’ll need to assess and review the risks associated with each trip. The policy is right there in the platform,” Tricia Lim, executive VP of the corporate planning division, said. This risk management platform lets you monitor travel plans, identify and communicate with … Egencia, the Egencia Logo and other trademarks are the trademarks or registered trademarks of Expedia, Inc. Download the pre-travel safety checklist for travelers, 5 ways to support business traveler wellbeing with Egencia, 5 things HR professionals can do to build business travelers’…. Reduce travel risk by limiting the number of travelers allowed on the same flight. As part of this process, you’ll need to assess and review the risks associated with each trip. The Risk Management Services (RMS) division of DOAS directs the State's internal workers' compensation, liability, property, and unemployment insurance programs and also manages the Georgia State Indemnification programs for public officers and educators. Now more than ever, it’s vital for businesses to have comprehensive travel risk management policies in place. Your employees receive relevant, itinerary-based alerts via our traveler portal. Online advisories and your guidance empower employees to make proactive, informed decisions before they go. Thank you for your interest in CWT, we will contact you soon. The intent is to provide the reader with some general guidance to facilitate the management of risk while traveling and pursuing opportunities internationally. Don’t have one? CWT helps you meet your legal and ethical obligations to care for your employees and reduce risk for your company. © 2020 Egencia LLC, an Expedia Group company. 1. Let’s first figure out how the whole process is structured. Travel risk management is a comprehensive and proactive plan designed to protect your employees and your organization from a wide array of global corporate travel dangers and threats. CWT helps you and your employees manage or avoid potentially dangerous or unproductive situations that may arise during travel. Be prepared to seek some basic advice and put one in place for your team. TRAVEL NOTIFICATION AND OR REGISTRATION. Updates and links to sources to help you be informed can be found on our dedicated coronavirus page. You may find that your policies need to evolve as you follow the three suggested steps. Updates and links to sources to help you with traveler safety and destination information advisors agree. Practices for reducing employee travel risk management solutions to our customers, businesses. And availability of information will continue to support your LGBTQ+ employees who travel business. International SOS has also provided six steps to support traveling employees wherever possible and safety to and... Traveler safety and security highly ve already seen a global leader in business travel management offering manage or potentially... 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