Hartford, CT – Insurity recently announced that it has formed a partnership with ClaimBender™ to reduce workers’ compensation costs for customers through actionable data and analytics. ClaimBender combines a digital safety engagement system that reduces frequency by 50% and a virtual occupational physician service to consult injured workers in the field, keeping 90% of injuries as a first aid event.
Knowing an organization’s employee engagement in safety is imperative to creating valuable and actionable data in terms of underwriting and targeted loss control. Managing safety culture and workplace injury response makes a difference. Until now, only large employers could afford sophisticated, best-in-class safety and injury intervention programs. This partnership includes integration between Insurity’s industry-leading Workers’ Comp Suite and ClaimBender. The combination creates an affordable model for smaller employers through Insurity clients.
“We are excited to incorporate the ClaimBender strategy into the Insurity ecosphere of solutions,” said Mark A. Smith, Chief Executive Officer, ClaimBender. “This is a novel and natural fit that will be a major evolutionary step in changing the traditional workers’ comp model. The Insurity and ClaimBender partnership will bring new value and risk mitigation to carriers and insureds.”
The ClaimBender solution complements Insurity’s Workers’ Comp Suite by improving the overall operational claim efficiencies, lowering claim pay-out costs, and improving underwriting processes by proactively identifying risk and weakness areas.
“Thanks to this Insurity and ClaimBender partnership, a carrier will be able to distribute industry-specific safety content to frontline supervisors and employees and know the engagement in that content,” said Sylvester Mathis, Chief Insurance Officer, Insurity. “This service, combined with a virtual occupational physician to consult with injured workers when the injury happens, empowers carriers to improve profitability by rehabilitating clients with high loss ratios.”
Source: Insurity