American International Group, has announced a strategic investment in Human Condition Safety (HCS), a startup company developing wearable devices, analytics, and other technology aimed at improving worker safety.
Incorporating wearable devices, artificial intelligence, building information modeling, and cloud computing, HCS's offering is designed for industries that hold the highest risk for workers, including manufacturing, energy, warehousing and distribution, and construction. The company's partners, besides AIG, include Microsoft, Autodesk, and MSA; HCS is conducting a set of pilots with these partners to demonstrate how its technology creates measureable improvements to reduce the frequency and severity of work-related injuries.
“AIG’s embrace of innovative, disruptive technologies is opening new ways for us to strategically partner with our clients,” said AIG Commercial Insurance CEO Rob Schimek. “In this case, the technology from HCS will help enable us to work with clients to make their worksites safer places for their employees and help reduce our clients’ overall cost of risk. We will continue to look for more opportunities with firms like HCS that set the pace for mitigating and managing risks in ways unthinkable just a few years ago.”
AIG says the investment is part of a larger strategy around embracing innovative technology that it outlines on its website. The insurer announced a $4 million investment in a risk engineering and analytics center at Clemson University last October.
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