Marsh introduces claims analytics platform for workers' compensation clients

Marsh introduces claims analytics platform for workers' compensation clients | Insurance Business

Marsh introduces claims analytics platform for workers

Marsh is launching a new analytics platform designed to aid brokers’ workers’ compensation clients in achieving superior claims outcomes.

The new Blue[i] Claims platform leverages “advanced, anonymized benchmarking capabilities,” with the help of Marsh’s claims data and expertise, a release said. The platform can help clients identify any actionable cost-saving opportunities related to their workers’ compensation risks.

Armed with the platform’s data, employers can implement solutions across their workers’ compensation program to not only get their injured workers immediately back to good health, but also keep them healthier and safer at work. These solutions include:

  • Targeted safety programs to reduce injury frequency
  • Identifying complex claims early for prompt intervention
  • Expediting the closeout of legacy claims, reducing balance sheet liabilities
  • Improving collaboration with claims administrators

“At Marsh, our goal is to help our clients’ most valuable asset, their employees, have a positive result following an adverse life event,” commented Marsh US chief claims officer Sri Sridharan.

Sridharan mentioned that with the launch of Blue[i] Claims, Marsh will be able to utilize data to develop new insights and implement solutions that achieve better claims outcomes for clients and ultimately lower their workers’ compensation costs.

Blue[i] Claims will initially focus on workers’ compensation risks in the US, a release said. It is the first in a series of upcoming analytics solutions that harness AI and “other advanced technologies” that enable Marsh’s clients to manage their total cost of risk.