Press Releases

Reducing workers’ compensation costs is a top priority for most employers, especially in today’s challenging insurance market. To explore how employers can contain costs, Marsh will host a series of one-hour webcasts featuring innovative, integrated approaches to workers’ compensation strategy.

The three-part series, beginning on Wednesday, October 17 at 11 a.m. (EST), will feature experts from Marsh’s Workers’ Compensation Center of Excellence. Topics will include the use of diagnostics in analyzing claims, risk transfer and retention options, workplace safety management, and post-loss risk control measures.

“With the workers’ compensation market becoming more challenging, employers are looking for a diverse range of strategies to better manage claims, get injured workers safely back to work sooner, and reduce their insurance spend,” said Christopher Flatt, leader of Marsh’s Workers’ Compensation Center of Excellence. “An integrated approach to cost containment that encompasses all components of workers’ compensation, including workplace safety, pre- and post-loss strategies, claims administration, risk transfer, and accompanying data and analytics, will put employers in a better position to reduce their overall costs.”

Identifying the loss drivers in a company’s workers’ compensation program and improving data collection are important parts of an integrated approach. The series’ first webcast, “Using Diagnostics to Control Workers’ Compensation Costs,” will feature experts from Marsh Risk Consulting and CS STARS. Using real-world examples, the panel will identify ways to determine the financial implications of claim outcomes and to estimate future losses and the number of expected claims.

The second installment in Marsh’s workers’ compensation webcast series, “Optimizing Your Workers' Compensation Insurance Program," will be held on November 14. The third and final webcast, "Reducing Workplace Risk, Improving Your Workers' Compensation Program ROI," will take place on December 12.