BLOGS

The workers’ comp marketplace is highly competitive, with private companies operating alongside state-funded entities. Economic shifts such as unemployment rates, interest rate fluctuations, and payroll reductions affect the marketplace. Staying profitable despite mandated rates and benefits requires creative ways of improving operating efficiency. Insurers are focusing their improvement...

Carriers are transforming the traditional back-office loss control function by coupling emerging technologies with modern platforms. IoT devices, wearable technologies, and tools that leverage images are enabling real-time risk management and insight. Traditional loss control platforms are also beginning to take advantage of third-party data and analytics. Traditional solutions address...

Every insurer has some form of loss control or risk engineering function to help customers prevent losses and create a safer environment for their employees. Traditionally, these functions have been staffed with trained engineers who physically inspect properties and worksites to deliver risk control reports. Although valuable, the reports don’t provide real-time insight into what’s happening...