Hear how Liberty Mutual is helping its clients prevent losses through data-driven strategies and the careful application of technological innovations. Pete Miller, CEO of The Institutes, welcomes Dorothy Doyle, Senior Vice President and General Manager of Risk Control Services for Liberty Mutual, to talk about how risk control is being enhanced and expanded today.

Dorothy talks about using risk assessments to redesign workflows and reduce losses. How risk control is evolving thanks to real-time indicators and emerging technologies. How Liberty Mutual leverages data scientists and predictive analytics to unlock hidden insights and help clients make informed business decisions. The importance of conducting statistically sound pilot programs to evaluate technological innovations before widespread implementation. And she talks about the importance of having a safety culture that drives clients to prevent losses and lower their cost of risk. Dorothy also highlights various technologies, such as machine learning, collaborative robotics, and wearable sensors, that are transforming the way businesses approach risk control.

Resources:

Liberty Mutual Risk Control website: https://business.libertymutual.com/services/risk-control/

Liberty Mutual’s Workplace Safety Index: https://business.libertymutual.com/wp-content/uploads/2023/08/WorkplaceSafetyIndex_WP.pdf

Predict & Prevent website: www.predictandprevent.org

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Learn how one company is leveraging artificial intelligence and computer vision to not only improve workplace safety, but also to transform

the traditional workers' compensation insurance model. Pete Miller, CEO of The Institutes, talks with Josh Butler, CEO and Founder of CompScience, about how a focus on preventing losses creates a better outcome for insurers, brokers, employers and employees.

Josh shares his journey from working on self-driving car technology to founding CompScience, a company that uses AI and computer vision

to enhance workplace safety and reduce costs for businesses through a unique "active insurance" model. Josh discusses inspiration for the company. How safety recommendations are lowering accidents. The benefits to brokers of an enhanced workers’ comp policy. How CompScience differs from other safety tech. Plans to expand in general liability and construction sector. Why an MGA model helps adoption. The ROI in insurance of preventing losses.

Resources:

CompScience website: www.compscience.com

Predict & Prevent website: www.predictandprevent.org

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Using advanced flood modeling technology to predict when storms and heavy rains will cause severe surface flooding can give businesses and communities the early warning they need to protect their assets, deploy mitigation efforts and get out of harm's way.

In this episode of the Predict & Prevent podcast, Pete Miller, CEO of The Institutes, talks with Dr. Avi Baruch, co-founder of Previsico, a company that provides early warning systems for flooding. Avi discusses the risk of flooding, with a focus on surface water or pluvial flooding, which is the largest flood risk and one that often catches people off guard.

Pete and Avi discuss the main types of flooding and how they impact preparedness. How Previsico's flood warning system differs from government warning systems. How Previsico's solution predicts surface flooding using event-specific modeling and sensors. The company’s expansion to the U.S. and globally. Integrating with insurers and their risk management services. Challenges and opportunities for insurers and their customers as they shift emphasis on prevention. And the importance of communication between insurers and their customers to effectively mitigate risks.

Resources:

Previsico website: https://previsico.com/

Predict & Prevent website: www.predictandprevent.org

Sign up for our weekly Predict & Prevent newsletter: www.predictandprevent.org/newsletter