Predicting Risks, Preventing Claims with Computer Vision & Data Science

Imagine a workplace where risks are identified and prevented before they ever lead to injuries. Thanks to AI and computer vision, this is becoming a reality. In Episode 150 of the InsurTech Geek Podcast, we sat down with Josh Butler, Founder and CEO of CompScience, to learn how his company is transforming workers’ comp with cutting-edge technology.

The Journey to Innovation

Josh Butler’s story begins with a personal tragedy—a family member’s workplace accident. This experience led him to explore how AI could improve safety standards in high-risk environments. After working in self-driving car technology, he realized the same principles could be applied to prevent workplace injuries.

What Makes CompScience Unique?

CompScience leverages existing security cameras and video analytics to analyze workplace conditions, identifying potential hazards like slippery floors or unsafe machinery practices.

• 65% Reduction in Workplace Injuries: Using CompScience’s AI platform, companies like DHL have significantly reduced injuries and physical damage incidents.
• Insurance Integration: CompScience partners with top insurers like Nationwide to offer workers’ comp policies that include proactive risk assessment.

The Role of AI in Workers’ Comp

AI has proven to be a game-changer, not only in risk assessment but also in underwriting. By analyzing billions of video frames, CompScience provides insurers with precise data on workplace conditions, ensuring accurate pricing and safer practices.

Looking Ahead

Josh sees potential beyond workers’ comp, envisioning applications in general liability and property insurance. With AI bringing unparalleled insights into workplace safety, the future of risk management looks brighter than ever.

Listen the full conversation and discover how CompScience is making workplaces safer, one algorithm at a time.