Search
 

Destination: Risk Prevention

As vice president of Risk Management for Hyatt Hotels Corp., a Fortune 1000 company with nearly 500 properties in 45 countries, Mark Baker is responsible for every aspect of the companys global insurance program, as well as its health & safety, Workers Compensation, claims-management and crisis-management functions.

By Shawn Moynihan | Updated on January 14, 2013
As vice president of Risk Management for Hyatt Hotels Corp., a Fortune 1000 company with nearly 500 properties in 45 countries, Mark Baker is responsible for every aspect of the company’s global insurance program, as well as its health & safety, Workers’ Compensation, claims-management and crisis-management functions. 

With the myriad exposures associated with the hospitality industry—think swimming pools, spas, gyms, alcohol, fire, banquets, balconies and airport shuttles, plus lots of strenuous labor—one might think Baker needs to have a complex approach to risk management. But he’s able to boil down his philosophy to two key tenets: a zealous focus on loss prevention and strict adherence to data-driven decision-making. 

LOSS PREVENTION PAYS OFF ‘IN TRIPLICATE’

Hyatt’s more than 100,000 employees are trained at every level on how to do their jobs safely, says Baker, who has more than 25 years of experience in risk management, legal services and accounting. The company’s seven occupational-health managers are responsible for conducting all employee loss-prevention training and injury-prevention programs; return-to-work programs; and Workers’ Comp claims management.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Shawn Moynihan

Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].

More from this author

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.