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Making Business Less Risky

How creative thinking about risk enabled the 2015 Alexander Hamilton Award winners in Operational Risk & Insurance to better manage their companies' exposures.

By Treasury & Risk Staff | Updated on April 27, 2016
Preparing a company for an uncertain future is the whole point of corporate risk management—and it’s a point of pride for the winners of this year’s Alexander Hamilton Awards in Operational Risk & Insurance.

Whether they’ve battened down the hatches in case of natural disaster, provided corporate decision-makers with better information on the business’s risk profile, or gotten their company ready to offer a unique employee benefit, these organizations’ creative approaches to managing an assortment of risks have paid off.

To make sure funds continue flowing, regardless of what may be happening in the external environment, Health Care Service Corporation has integrated business continuity planning into the treasury team’s day-to-day activities. The company set up a systems and telecommunications infrastructure that enables employees to work from home—or another location—absolutely seamlessly. It also instituted monthly business continuity planning drills, through which the entire treasury operations team works from home.

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