SATA Airlines was awarded an honorable mention "Risk Management Innovation 2013" award sponsored by Açoreana Insurance and the Diário Económico newspaper.
SATA was selected from more than a hundred applications as part of the group of 14 finalists , earning an honorable mention in the area of "Risk Management Innovation." The award is recognition of the quality of SATA’s risk management model, launched in 2012 , and based on a set of best practices that are now part of the daily routines of SATA team members.
The design and implementation of "SATA model of risk management" includes a set of methodologies to measure the effectiveness in how the model is implemented across the company.
A joint initiative of Açoreana Insurance and the Diário Económico the program honored companies with the best practices of risk management in five categories: Enterprise Risk Management Award; SME Risk Management Award; Prevention Risk Management, Risk Management Innovation Honorable Mention, Honorable Mention Special Risk Management Trust .
To reach the final stage of the "Risk Management Awards" contestants underwent an evaluation process that began a year ago with two stages of screening to determine the 14 finalists.
The award of prizes was made by a jury consisting of the President of the IPC, António Saraiva ; Andrea Bertoldi , CEO of risk management consultant Aon Benfield, António Mota Gomes, Chairman of the Board of Directors of Soares da Costa and Professor at ISCTE; and the President of ISQ - Welding and Quality , Manuel Cruz.
The work of this group included Diogo da Silveira , president of the executive committee of Açoreana Insurance and António Costa , director of Diário Económico. The criteria included performance, global dimensions of risk management including planning and evaluation, emergency management, internal training devoted to prevention and performance, as well as the risk culture in the organization.
The work methodology and evaluation developed by the jury validated the information provided in the application.