Preach. Sing it to the heavens. Finally – someone’s saying it out loud. A well-managed travel risk management program isn’t just about fulfilling obligations, it’s a strategic advantage that creates a real competitive edge. And now, financial services company AXA Partners is putting real weight behind something we’ve been emphasizing in Advito’s Traveler Security Program Assessments for years: a strong travel risk management program can lead to tangible financial savings.
A company that takes risk seriously is less likely to make an insurance claim
In an interview with The Company Dime, AXA shared that they’re exploring the possibility of discounting insurance premiums for corporate clients who can demonstrate alignment with ISO 31030 standards. The logic? A company that takes risk seriously is a company that’s less likely to make a claim, or at the very least, one that’s better equipped to manage an incident quickly and effectively.
This is huge
Let’s pause there: this is huge. For too long, the value of travel risk programs has been discussed in terms of duty of care, legal exposure, and traveler well-being (all critically important, of course), but here’s something quantifiable. Cost savings. Premium reductions. ROI.
AXA isn’t alone in this thinking. BCD marketplace partners Everbridge and International SOS, along with insurance company Hiscox and others, have long hinted at the link between proactive risk management and lower insurance premiums. But hearing it so plainly from a major player in corporate mobility and risk services signals a major shift. It validates what many of us in the industry have been pushing: ISO 31030 is more than a framework, it’s leverage.
ISO 31030 could unlock measurable savings for corporate travel programs
AXA’s message echoes what we see every day in our work with Advito. Our Traveler Security Program Assessment is grounded in eleven key focus areas aligned with ISO 31030, from risk assessment to incident management and impact reduction. We don’t just conduct an assessment, we deliver clear, prioritized recommendations that help organizations strengthen duty of care and build the kind of resilience insurers are increasingly looking for. And yes, that includes quick wins and long-term strategies that can contribute to real, measurable savings.
And this latest development? It just gave that case a little more muscle.
If your organization is investing in travel risk management but hasn’t yet linked those efforts to potential insurance savings, this is your wake-up call. Risk maturity isn’t just about protecting people, it’s about unlocking strategic and financial value.
Let’s talk about how to turn your risk program into a competitive advantage.
What does ROI really mean for your travel program?
Business travel sees new buzzwords every year. On the Connections podcasts, co-hosts Chad Lemon and Miriam Moscovici explore one of 2025’s buzzwords: ROI, or return on investment. The duo is joined by Matt Patterson, Senior Director with BCD’s consulting arm Advito. Patterson highlights that ROI is more than just obvious savings. For example, investing in a comprehensive travel risk management program might lead to favorable insurance premiums. Tune in and learn how your travel program can achieve more bang with its buck!
