Annoucement, Workplace Safety

ProMat 2023: CompScience to Launch Innovative Risk Assessment Tool for Manufacturing and Supply Chain Companies 

The first AI-powered accident prevention software for Workers’ Comp Insurance reduces injuries and workers’ compensation premiums – one of only 10 startups selected for the startup pavilion

 

Chicago -March 20,  2023 – CompScience Insurance Services today announced that its AI-powered Intelligent Safety Platform can be used to generate Risk Assessments for qualified manufacturing and supply chain companies at ProMat 2023. 

 

CompScience has been selected for the startup pavilion at ProMat 2023, the world’s largest materials handling, logistics and supply chain show. Attendees can sign up at the CompScience booth in the Startup Pavilion, March 20-23, 2023. 

 

To initiate a risk assessment, a company shares a combination of prior injury data, video, and other relevant information. CompScience then uses their corpus of $100B in US injury data and 1M hours of video data to provide benchmarks against similar companies within the same industry and location. CompScience works with a company’s insurance broker, self-insured representative or captive manager to complete the risk assessment.

 

CompScience’s Intelligent Safety Platform is an accident prevention program for the logistics, supply chain, warehousing and manufacturing industries. The risk assessment generates actionable analytics using any workplace video source.

 

“Adopting the Intelligent Safety Platform is proven to lower overall risk for logistics and therefore workers’ compensation premiums and total cost of risk. CompScience is laser-focused on using data science and AI to prevent injuries and overall liability by offering predictive analytics and solutions that actually save lives,” explained Josh Butler, Founder and CEO of CompScience Insurance. “It’s a win-win for businesses and workers.”

 

The platform is available as standalone software or as part of workers’ compensation policy from national insurance carriers. The platform was designed with privacy and security from the ground up without facial recognition to preserve privacy.

 

About CompScience Insurance

CompScience Insurance reduces workers’ comp insurance costs for businesses by limiting the probability of injuries. The Intelligent Safety Platform is based on AI-powered safety analytics that provides risk assessment and recommendations to make workplaces safer. 

Latest Posts

AI, Event, Workplace Safety

October 17, 2023

AI Tools for Safety

AI Tools for Safety: A Pre National Safety Council Webinar   AI is rapidly transforming workplace risk. Now, CompScience gives safety professionals tools to quickly report risk, train workers and measure improvements which we will demo in the Safety Tech Pavilion at the NSC Congress. Join the webinar plus QA with CompScience CEO Josh Butler […]

Read more
AI, Event, Worker's Comp, Workplace Safety

June 20, 2023

Workplace Safety AI: The Webinar for Workers’ Comp Agents

Learn why AI is rapidly transforming workplace safety into a differentiator and how you can use safety analytics from CompScience to help clients lower injury rates and lower costs. Mike Seling and Jacob Geyer explain how AI is rapidly transforming workplace safety into a differentiator for agents and how you can use safety analytics help […]

Read more
Ergonomics, Resources, Worker's Comp, Workplace Safety

April 27, 2023

How To Reduce DART Rates

Reducing the dart rate is a critical goal for any safety manager, as it directly relates to the safety and well-being of employees in the workplace. The dart rate, also known as the days away, restricted, or transferred rate, measures the number of days employees are away from work due to occupational injuries or illnesses. […]

Read more
AI, Case Study, Computer Vision, Workplace Safety

May 13, 2024

Gerlinger Steel Leverages AI to Improve Worker Safety

  It’s giving them something obvious to look at, a true example, instead of me saying “You are not supposed to be standing next to that lift while it’s moving, right?” – Scott Gerlinger, Gerlinger Steel & Supply   It’s a set of tools that help companies understand the risks that their employees are exposed […]

Read more
Workplace Safety

March 5, 2024

Cultivating a Win-Win Safety Culture: Integrating Leadership, Employee Engagement, and Analytics

In today’s fast-paced, margin-constrained world, where the line between work efficiency and worker safety often blurs, establishing a win-win safety culture has never been more critical. This culture represents both employer interests in operational efficiency and employee needs for a safe working environment. In a perfect world, this relationship ideally should benefit all. But what […]

Read more
Worker's Comp

January 31, 2024

Rethinking Workers’ Comp with AI: Why Pay for Claims When You Can Prevent Them?

Originally published in Digital Insurance.   For over a century, the workers’ compensation system has been the cornerstone of workplace safety and employee protection. This grand bargain, which provides compensation for injured workers in exchange for their right to sue their employers, has served its purpose well. But now there’s a new active approach that […]

Read more
Insight, Workplace Safety

December 21, 2023

Safety Analytics ROI

  HIGHER SAFETY MEANS HIGH PROFITS   Improved safety analytics can clearly reduce insurance and injury costs. Yet, many injury expenses are indirect and uninsured, like retention or training new employees, and often these costs outweigh direct medical expenses. If a business doesn’t maintain safety standards, the costs of injuries can measurably lower profits. Ironically, […]

Read more
Event, Worker's Comp

November 2, 2023

ITC and Sønr Name CompScience #1 Innovative InsurTech Startup

InsureTech Connect Vegas and Innovation Scout Sønr Award CompScience First Place in Forward50 Americas.   Over 50 startups were researched and evaluated in the the Forward50 Americas Report by a panel of international judges and CompScience came out on top. On October 31, 2023 at 11AM on the first day of ITC, the award was […]

Read more