IHS SPECTRUM Excellence Awards Honor Global Industry Leaders at Economics & Country Risk Conference & Pricing & Purchasing Su...
October 01 2015 - 8:00AM
Business Wire
Awards spotlight financial decisions made with superior
information, analytics, expertise
IHS Inc. (NYSE: IHS), the leading global source of critical
information and insight, today announced that three companies were
honored with IHS SPECTRUM Excellence Awards during concurrent
events in Washington, DC.
The prestigious IHS SPECTRUM award program celebrates
organizations and individuals around the world who leverage
advanced information, analytics and expertise to make better
decisions and achieve their business goals. Two winners – AIG and
XL Catlin – received their awards during an onstage celebration at
the IHS Economics & Country Risk Conference while another
winner, Monsanto, was recognized during the IHS Pricing &
Purchasing Summit.
“In today’s hyper-competitive global markets, industry leaders
are looking for every opportunity to gain an advantage by using
best-in-class information and insight to address challenges at
every level of the organization, from high-level strategy to daily
operations,” said KC Chartrand, chair of the IHS SPECTRUM
Excellence Award Committee. “This week, we are proud to recognize
the extraordinary success of world-class companies that are making
key financial decisions based on outstanding use of information,
analytics and expertise from IHS.”
The IHS Economics & Country Risk Conference and IHS Pricing
& Purchasing Summit have brought together hundreds of senior
decision makers from a host of industry sectors worldwide. The
three new IHS SPECTRUM Excellence Award winners include:
- American International Group
(AIG) provides insurance coverage to more than 90 million
customers worldwide, including commercial clients ranging from
mid-size companies to 99.6 percent of Fortune 500 companies.
Tracking so many risks requires intensive, comprehensive
geo-political research. AIG saves significant time and money by
relying on IHS to provide underwriters with access to a wealth of
information – for example, geo-political risk scores for every
500m2 sector of the earth’s surface and risk assessments for 6,400+
terrorist targets in 90 countries. AIG analysts use IHS data to run
their own advanced risk models and provide clients with decisions
regarding risks that AIG wants to write and policy pricing, as well
as offering additional insights regarding unidentified risks and
mitigation alternatives.
- Monsanto is one of the world’s
leading agriculture companies and its global procurement team plays
a key role in helping the company provide solutions to farmers
around the globe. A few years ago, that team turned to IHS for
consistent market intelligence to support planning across many
categories of direct and indirect expenditures. Armed with insights
into raw material costs, supplier dynamics and market trends,
Monsanto saved $680 million in costs (beating its goal by almost 35
percent) while mitigating supply risks for farmers. The team saved
$9 million by moving to a new supplier, cut $4 million by
integrating management of logistics into procurement, and mitigated
cost fluctuations with a hedging strategy. These and other gains
have benefited both Monsanto’s customers and shareholders.
- XL Catlin provides property and
casualty insurance to companies around the world – from Fortune
1000 corporations to mid-sized businesses – as the largest
Specialty insurer in terms of volume of business written and a
top-five provider in aerospace, political risk, crisis management
and fine art/specie markets. After working with IHS for a decade,
its Political Risk and Trade Credit (PRTC) team recently brought
greater consistency and efficiency to its risk selections by making
IHS its primary source of geo-political risk information. As a
result, XL Catlin reduced underwriting costs by 20 percent and the
PRTC team is now viewed as a “center of excellence,” fueling growth
by giving underwriters insights to write risk in areas where they
might otherwise hold back.
To read the full case studies for these three new award winners,
as well as dozens of other industry leaders that have been honored
in the past, visit www.IHS.com/SPECTRUM-Awards.
“We appreciate our new IHS SPECTRUM Excellence Award winners
sharing their stories,” Chartrand said. “AIG, Monsanto and XL
Catlin have further demonstrated their industry leadership and good
corporate citizenship by allowing other organizations around the
world to learn from their experiences – bringing better information
and analysis to bear in making important financial decisions.”
The IHS SPECTRUM Excellence Awards are part of the IHS Customer
Recognition program. For more information, please contact
IHS-SPECTRUM-Excellence-Awards@ihs.com.
About IHS
(www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and
expertise in critical areas that shape today’s business landscape.
Businesses and governments in more than 150 countries around the
globe rely on the comprehensive content, expert independent
analysis and flexible delivery methods of IHS to make high-impact
decisions and develop strategies with speed and confidence. IHS has
been in business since 1959 and became a publicly traded company on
the New York Stock Exchange in 2005. Headquartered in Englewood,
Colorado, USA, IHS is committed to sustainable, profitable growth
and employs about 8,800 people in 32 countries around the
world.
IHS is a registered trademark of IHS Inc. All other company and
product names may be trademarks of their respective owners. © 2015
IHS Inc. All rights reserved.
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IHS Inc.Dan Wilinsky, +1
303-397-2468dan.wilinsky@ihs.comorPress Team+1
303-305-8021press@ihs.com
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