Chubb has launched the Chubb WorkInsight platform, integrating and streamlining absence management and workplace benefits for mid-size and large employers.
WorkInsight enables employers to track and manage workers' compensation, family medical leave, company specific leave, short-term disability, and accident, critical illness and hospital indemnity programmes. It gives employers comprehensive data and reports, enhancing their decision-making abilities.
WorkInsight can be customised to an employer's specific needs and simplifies reporting in one place. It provides experts to help employers expand programmes to incorporate voluntary benefits and aims to deliver cost savings by better coordinating leaves and return to work.
It is available via Chubb's workplace benefits division.
Chubb noted that employee absenteeism and productivity represent critical and increasing priorities for employers. According to a study by the Society for Human Resource Management, productivity decreases by almost 30 percent due to employee absence, while more than 15 percent of payroll costs are tied directly to absence.
According to the Integrated Benefit Institute, more efficient absence oversight and management can deliver a return on investment of up to 15 percent.
Chris Martin, division president of Chubb North America accident and health, said managing absence and workplace benefits is becoming increasingly complex, and said WorkInsight offered a unique approach to dealing with the challenge.
“Our streamlined solution benefits employers and their employees by offering one partner on one platform all in one place,” he said.
Chubb, WorkInsight, Chris Martin