Everest Insurance® Announces Partnership and Mobile-Enabled Platform to Boost Worker and Businesses Safety
January 25 2017 - 3:09PM
Business Wire
Everest Reinsurance Holdings, Inc. has joined forces with
industry veterans Glen and Todd Welch to form Salus Systems, LLC, a
strategic partnership between the two companies that focuses on
reducing workplace injuries.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170125006125/en/
The new entity, Salus Systems, LLC, will further develop and
market ZERO, the insurance industry’s first collaborative risk
management platform. ZERO is named for its creators’ desire to help
companies and workers drive insurance claims down to “zero” by
improving communications amongst employees and empowering them to
reduce and eliminate workplace safety issues.
ZERO includes:
- A revolutionary, real-time mobile
platform that engages and empowers all employees of participating
companies to be active and contributing members of the company’s
safety program
- A new channel for workers to
communicate instantly with their management to report potential
safety issues and risk mitigation best practices
- A peer to peer inter-company sharing
platform for safety-minded company leaders to create a community
with others to share information and improve overall safety
practices.
The ZERO platform is currently in use at several partner
companies. It will soon be available for use by businesses across
the country at www.TeamZero.com,. In this new partnership, Salus
Systems will market the ZERO system directly to safety conscious
companies and to Everest Insurance® insureds across the Everest
Specialty P&C portfolio. For additional information, please
visit www.TeamZero.com or contact Todd Welch at (610) 438-3535.
Jonathan Zaffino, President of the North American Insurance
Operations, said, “ZERO engages businesses with key features of the
sharing economy by empowering individuals linked via a mobile
device. A company using this system, working independently - or
together with other like-minded companies - can impact the number
of incidents and lower overall insurance costs.”
Bill Thygeson, Chief Administrative Officer, whose
responsibilities include oversight of Loss Control, stated, “US
employers spend more than $1 billion each week on nonfatal
workplace injuries. Eight of the top ten causes of these injuries
can be mitigated using this technology,” Thygeson added. “ZERO will
help smaller companies attain the safety and protection status of
the largest companies at a fraction of the cost. And larger
companies can more effectively and efficiently establish, improve,
and sustain a strong safety culture and improved workplace
performance.”
Todd Welch and Glen Welch, co-founders of Charter Partners,
created ZERO as a safety and risk management tool for business
owners such as those in the Charter Partners community of privately
owned businesses. “Workers and owners share a mutual interest:
keeping employees safe in the workplace,” said Todd Welch. “We
created ZERO to bring transparency to risk management and safety.
This technology platform can provide awareness, instant
communication, and access to knowledge for workers and
management.”
Glen Welch will serve as the joint venture CEO and President.
"This is an exciting time with unprecedented change ahead for the
insurance industry. Today's technology is creating new
opportunities for safety collaboration and engagement and we
believe there is no better place to apply this than to the safety
of employees,” said Glen. “Todd and I are delighted to be
associated with the team at Everest who bring a strong reputation
of integrity, quality and commitment to this partnership."
Everest Reinsurance Holdings, Inc. is a Delaware-based holding
company and a subsidiary of Everest Re Group Ltd. (NYSE:RE).
Everest Insurance® refers to the primary insurance operations of
Everest Re Group, Ltd., and its affiliated companies which offer
property, casualty and specialty lines insurance on both an
admitted and non-admitted basis. Everest Re Group, Ltd. is a
Bermuda holding company that operates through the following
subsidiaries: Everest Reinsurance Company provides reinsurance to
property and casualty insurers in both the U.S. and international
markets. Everest Reinsurance (Bermuda), Ltd., including through its
branch in the United Kingdom, provides reinsurance and insurance to
worldwide property and casualty markets and reinsurance to life
insurers. Everest Reinsurance Company (Ireland), Limited provides
reinsurance to non-life insurers in Europe. Everest National
Insurance Company and Everest Security Insurance Company provide
property and casualty insurance to policyholders in the U.S.
Everest Indemnity Insurance Company offers excess and surplus lines
insurance in the U.S. Everest Insurance Company of Canada provides
property and casualty insurance to policyholders in Canada. The
Company also operates within the Lloyd's insurance market through
Syndicate 2786. In addition, through Mt. Logan Re, Ltd., the
Company manages segregated accounts, capitalized by the Company and
third party investors that provide reinsurance for property
catastrophe risks. Additional information on Everest Re Group
companies can be found at the Group’s web site at
www.everestregroup.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170125006125/en/
Everest Global Services, Inc.Elizabeth B. Farrell,
908-604-3169Vice President, Investor Relations
Everest Re (NYSE:RE)
Historical Stock Chart
From Apr 2024 to May 2024
Everest Re (NYSE:RE)
Historical Stock Chart
From May 2023 to May 2024