Realizing the potential of Wearable Technology - Diamond Safety's contribution in In2Risk 2023 Conference
The recent In2Risk 2023 conference held in Washington , DC offered an impactful platform to examine the latest risk management and insurance developments. A predominant discussion theme was leveraging wearable technology to elevate workplace safety. A particular highlight was the contribution of Anthony Crowder, Vice President of Operations at Diamond Safety and Training, who shared insights into this evolving field.
Examining Workplace Safety Trends and Workers’ Compensation
The role of wearables in the workplace is growing, with over 20 wearable types and more tech firms partnering with employers and insurers to reduce claims and substantially impact injury and workers’ compensation costs.
One issue spotlighted at the conference was the high incidence of musculoskeletal disorders (MSDs), accounting for over 300,000 injuries yearly. MSDs require 38% more lost work time than typical injuries, leading to over 900,000 lost days, plus around $20 billion in costs, heavily affecting employers and insurers.
The Promise of Wearables in Injury Prevention
Conference presenters, including Anthony Crowder, shared research utilizing warehouse worker wearable data, demonstrating these devices’ potential for mitigating and alleviating injuries. Wearables offer advantages for Tech firms, employers, and insurers in building resilience against workers’ compensation losses.
These wearables enable monitoring biometrics, movements, pressure distribution, and more – invaluable for health management, training, ergonomics, and overall wellness/injury prevention programs. Exoskeletons to aid demanding physical tasks also show promise in reducing injury risks and severity.
Key Wearable Technology Benefits for the Workplace
Adopting wearables has several critical benefits:
- Injury Prevention and Ergonomics: Wearables can identify ergonomic hazards and enforce proper posture to avoid musculoskeletal injuries.
- Training and Education: Wearables strongly supplement training to build safety culture and compliance and allow safety professionals to write a safety action plan from data verse accident recording.
- Real-time Monitoring and Alerts: Wearable sensors enable prompt risk identification and early intervention.
- Enhanced Risk Management: Wearable data offers insights into policyholder safety for improved underwriting and pricing.
- Claims Management: If accidents occur, wearable data aids investigation and expedites claims processing.
Charting the Path Forward
As discussed at In2Risk 2023, wearables are integral to workplace safety’s future, boosting worker wellbeing and company reputation. While data usage challenges exist, the gains for underwriting, claims, and risk management are substantial. Wearables have tremendous potential to transform workplace safety and cultivate healthier, more productive environments.
The In2Risk 2023 conference spotlighted the remarkable progress in deploying wearable technology for improved workplace safety, propelled by Anthony Crowder’s seminal contributions. With wearables’ transformative possibilities, the outlook for workplace safety appears promising in building resilience to workers’ compensation losses.