HR TECH OUTLOOK6 APRIL 2019The workers' compensation industry has usually been conservative about adopting new technologies. However, as the modern workplaces become more apparent, it is clear that technology has a critical role to play in the workers' compensation and disability market. Today, workers' compensation insurers are looking to technology to deliver operating efficiencies, providing smarter underwriting insights, and develop more efficient analytics modules as they navigate through this highly-regulated market niche with sensitivity.Some of the top priorities of workers' compensation carriers include improved agent portals and core system replacement, which can be achieved through implementation of sophisticated business analytics, IoT, and AI capabilities. Together with that, the technology providers are also seeking to upgrade an insurer's policy administration systems to help them gain more operational efficiency and flexibility. Most vendors are currently using business rules to manage workflow and predictive analytics to build pricing models. This approach not only improves risk selection and risk pricing but also reduces operational expenses.At the helm of these modernizations, arriving at the most suitable workers compensation and disability solution provider requires technology companies to remain updated about the latest trends, tools and techniques in the arena. In such a scenario, to help organization find the most leading-edge solution, our editorial board has evaluated the top vendors in this realm. Let us know your thoughts.AI and Predictive Analytics: Defining the Future of Workers' CompensationHanna WilsonManaging Editoreditor@hrtechoutlook.comAPRIL - 2019Workers Compensation and Disability SpecialManaging EditorHanna WilsonEditorial StaffSalesAaron PierceAva Garcia Philo VazRussell ThomasVisualizersSujay KVinutha DayanandWilliam JamesEditor's NoteDave Barcodave@hrtechoutlook.comCopyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffContact Us:Phone:+1 (510)-369-5331Fax:510-894-8405Email:sales@hrtechoutlook.comeditor@hrtechoutlook.commarketing@hrtechoutlook.com HR TECH OUTLOOKAPRIL - 2019, Volume 05, Issue 1 Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com
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