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.
November 2, 2023
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
October 17, 2023
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
August 5, 2023
CompScience is Different Workers’ Compensation Software is designed to deal with various aspects of the managing claims – but CompScience is designed to lower claims by reducing injuries. We do this by analyzing workplace video, reporting risks and generating recommendations to lower the chance of injuries. And our workers’ compensation software is very effecting. Workers’ […]Read more
July 20, 2023
How Technology is Expanding Commercial Insurance Offerings: Now & Future With Dale Hoppe, Vice President, WC Programs, Nationwide and Jacob Geyer, Chief Insurance Officer, CompScience moderated by Kevin McClain, Senior Consultant, E&S Product, Nationwide Get insights on the workers comp market landscape and how Nationwide’s insuretech program offerings are expanding. CompScience will be showcased, focusing […]Read more
July 11, 2023
Poor ergonomics refers to the design or arrangement of a workspace or equipment that causes discomfort or strain on the body, leading to physical stress and potential injury. There are solutions to ergonomic issues such as changes to workflows that improve worker ergonomics. Detecting ergonomic issues in industrial settings is the key to mitigating […]Read more
June 20, 2023
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