How Insurance Companies Can Differentiate with Preventive MSD Solutions
Insurance companies face rising musculoskeletal disorder (MSD) claims and increasing competition. Proactively adopting preventive MSD solutions not only helps reduce claims but also creates new value for clients.
Current Challenges for Insurers
· Escalating MSD-related claims and costs
· Difficulty differentiating beyond price
· Clients demanding objective, preventive data
The Value of Preventive Solutions
· Claims Reduction: Wearables and analytics provide actuarial proof of risk reduction
· Data-Driven Insights: Real-time monitoring enables early intervention
· Customer Retention: Offering proactive risk management builds stronger partnerships
Partnership Opportunities
· Collaborate with health tech providers to deliver integrated solutions
· Support clients with pilot programs and measurable outcomes
· Use data to tailor insurance products and risk profiles
Making the Case for Innovation
· Highlight success stories with reduced claims and improved client outcomes
· Educate clients about long-term savings and compliance benefits
By positioning as innovators in MSD prevention, insurers can stand out in the market and deliver greater value to their clients.