Marsh launches WC analytics platform
Marsh has announced the launch of Blue[i] Claims analytics platform that leverages advanced, anonymized benchmarking capabilities to allow clients to identify cost savings opportunities.
The platform will initially focus on US workers’ compensation risks, which cost employers nearly $100 billion annually. Working with Marsh’s industry-leading claims specialists, clients will be able to implement solutions across their workers’ compensation program designed to get injured workers back to health and work. These can include: crafting targeted safety programs to reduce injury frequency, identifying complex claims early to enable prompt intervention and avoid adverse development, expediting the closeout of legacy claims to reduce balance sheet liabilities, and improving collaboration with claims administrators for consistent performance.
“At Marsh, our goal is to help our clients’ most valuable asset, their employees, have a positive result following an adverse life event. With the launch of Blue[i] Claims, we will be able to leverage data to derive unique insights and deploy innovative solutions clients need to achieve better claims outcomes and ultimately lower their total cost of risk.” – Sri Sridharan, US Chief Claims Officer, Marsh.
Blue[i] Claims is the first in a suite of analytics solutions to come from Marsh that will harness artificial intelligence and other advanced technologies to enable Marsh clients to measure, manage, and minimize their total cost of risk.