2015 U.S.-Booked Air Volume: $45.7 million
2015 U.S. T&E: $160 million
Principal Car Suppliers: Enterprise, National
Principal Online Booking Tool: Concur Travel
Principal Card Supplier: US Bank
Principal Expense Supplier: Oracle Internet Expenses
Consolidated U.S. agency: BCD Travel
In 2015, Liberty Mutual
added to its policy a 14-day advance-booking window, when possible, and a
seven-day advance-purchase minimum for travel between Liberty offices; managers
will receive notifications when employee book under the window. Liberty Mutual
also now requires manager approval for employees to fly business class for
flights shorter than eight hours. In 2016, the company is leveraging global
spend in travel negotiations and increasing advance bookings and hotel
attachment.
Liberty Mutual’s 2015
U.S.-booked air volume totaled $45.7 million, a 3 percent year-over-year
increase from 2014. It’s expected to remain flat for 2016. The company is the
fifth-largest property and casualty insurer in the United States, based on the
National Association of Insurance Commissioners data on 2015 direct written
premiums. Fortune ranked it the 73rd-largest corporation in the
United States. It operates in 30 countries and employs more than 50,000 people
in more than 800 offices. In 2015, the insurer acquired Compañia de Seguros
Generales Penta Security, Chile’s fourth-largest property and casualty insurer,
according to Liberty Mutual’s 2015 annual report.
Group revenue decreased
2.8 percent to $37.6 million in 2015, and pre-tax operating income declined 26
percent to $2 billion, owing to low interest rates, the strong U.S. dollar, a
drop in energy prices and tumult in Venezuela, which led the company to write
off its investment in Seguros Caracas De Liberty Mutual.