Everest Insurance creates workplace risk management platform
Everest Reinsurance has partnered with Charter Partners' co-founder Glen Welch and Todd Welch on a joint venture, Salus Systems, focusing on workers and business safety.
The new entity will enable companies and workers to drive insurance claims down to “zero” with its risk management platform ZERO, created by the Welch brothers.
Glen will serve as CEO and president of the joint venture.
"ZERO engages businesses with key features of the sharing economy by empowering individuals linked via a mobile device," said Jonathan Zaffino, president of the Everest North American insurance operations.
"A company using this system, working independently - or together with other like-minded companies - can impact the number of incidents and lower overall insurance costs."
Bill Thygeson, chief administrative officer, added: “US employers spend more than $1 billion each week on nonfatal workplace injuries. Eight of the top ten causes of these injuries can be mitigated using this technology."
“ZERO will help smaller companies attain the safety and protection status of the largest companies at a fraction of the cost. And larger companies can more effectively and efficiently establish, improve, and sustain a strong safety culture and improved workplace performance."
Todd said: "Workers and owners share a mutual interest: keeping employees safe in the workplace. We created ZERO to bring transparency to risk management and safety. This technology platform can provide awareness, instant communication, and access to knowledge for workers and management."
Glen added: "This is an exciting time with unprecedented change ahead for the insurance industry. Today's technology is creating new opportunities for safety collaboration and engagement and we believe there is no better place to apply this than to the safety of employees.
"Todd and I are delighted to be associated with the team at Everest who bring a strong reputation of integrity, quality and commitment to this partnership."
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