[Omaha, NE, Nov 20, 2023] – Insurate, a leading Managing General Agent (MGA) in the workers' compensation insurance sector, announced broader industry coverage for high-hazard companies that have traditionally faced significant challenges in securing adequate insurance. By leveraging a unique combination of traditional underwriting practices and cutting-edge predictive data science, Insurate offers cost-saving alternatives to state pools and markets of last resort, recognizing businesses with a commitment to safety and operational excellence.
Insurate stands at the forefront of the insurance industry by utilizing advanced predictive data science techniques to enhance traditional underwriting methods. By analyzing a comprehensive array of data points—including historical records, current trends, and workplace environment factors— Insurate identifies high-hazard businesses that deserve cost-effective coverage options. These predictive models that complement traditional underwriting practices, range from simple statistical analyses to complex machine learning algorithms, providing deep insights into a company’s safety culture and future prospects.
Industries such as construction, manufacturing, and oil and gas, which often struggle to find affordable and comprehensive workers’ compensation coverage, stand to benefit significantly from Insurate’s innovative solutions and broadened coverage. By providing tailored insurance options that reflect the specific risks and operational strengths of these businesses, Insurate helps them maintain safer workplaces and achieve long-term sustainability.
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About Insurate:
Insurate is a pioneering force in the high hazard workers’ compensation insurance industry, leveraging AI and data-driven insight to reward best-in-class companies with lower work comp premiums and exceptional support.
For more information, visit www.insurate.com