Workers’ Comp Insurers Slow To Adopt Technology

‘If it ain’t broke, don’t fix it’ is a mindset that’s potentially limiting growth in the US workers’ compensation insurance industry. Despite boasting successful books across the country, workers’ comp is seriously lagging in one respect: technological innovation. This lag is “hugely concerning” for the sector, according to Tim Davis, director of operations at Powers Insurance and Risk Management and sister company Valley Insurance Agency Alliance. “The workers’ comp insurance industry is lagging behind other insurance sectors when it comes to technology,” Davis says.