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Wearables are eliminating injuries in a multitude of industries. Could they lead to premium reductions for policyholders as well?

Workers' compensation insurance has been around for more than a century in the United States as a way to safeguard both employees and their employers in the event of an accident or injury. For most of this period, it remained largely unchanged. In recent years, though, technology and innovation are transforming the way it protects workers and the companies that employ them.

Reducing claims by up to 23 percent, CompScience now offers workers’ compensation insurance policies that minimize injuries and premiums via its Intelligent Safety Platform.

CompScience Insurance Services, a program underwriter for workers’ compensation insurance, has announced a managing general agent agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies.

Nationwide, Swiss Re and CompScience announced that the three companies are teaming up to deploy computer vision models to identify potential workplace hazards and stop accidents from happening.

CompScience Insurance Services has entered a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies.