… for inviting SO many innovative and forward-looking people to London last week to reimagining the future of employee benefits. Gary Piper, Matthias Helmbold and I had the pleasure of discussing the geekier part š. We addressed costly areas such as how workplaces can improve the injury rates and claims ratios, the advantages of having employee benefits within a captive, prevention of sick leave (and hereby lower claims cost) and unlocking the power of the claims data if the whole industry ā employers (with/without captives), insurers, brokers and other consultants ā work more closely together to bring new solutions to the customers. We all need to realize that employees are a RISK ā just like if the machines in operations break down, we fix them. What if people break down ā we kindly ask them to use their medical or other plan etc., which will help outā¦..
I had the pleasure to share insights on a risk reducing project I headed last year addressing lower back pain. The ROI is quite impressive and worth digging into for others, as lower back pain is one of the most costly and challenging work-related injuries globally. In my mind, this vest from PRECURE is a so-called welfare benefits ā a ābenefitā, if introduced by employers, that will not only mean less pain to employees (quality of life), it will also mean less sick leave/more productivity/less costs, less āpullā on some insurances, drive down the risk for insurers and also be āpullingā less of the social security system in each country. This is a LOT of indirect costs, many companies are not enough aware off. If we have benefits that can change peopleās behavior insurers and employers should, in my mind, consider introducing these to the colleagues.
Zurich Integrated Benefits, fantastic days, fantastic and sustainable hosting, thanks for leading the way of a closer collaboration to the benefit of customers, of course inclusive my two industry colleagues on stage, Gary and Matthias. Such a pleasure.
