Annoucement
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.
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