Podcasts & Blogs
Featuring emerging issues impacting the public risk management community, listen and read these resources to remain cognizant of best practices in the profession!
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Significant benefits and improvements are already being observed within workers’ compensation and risk management, such as reduced litigation costs and identifying employers that need additional education or movement feedback to minimize injury. However, along with positive advancements, there are also sizable questions and problems such as misuse of technology, the boundaries of ethics and the use of data collection and privacy.
As risk professionals, we have a unique view of the interconnected risks facing our organizations. One of the ways our organizations can benefit from our holistic view of risks is when we use our established communication platforms and relationships to support others in the organization who are managing risks.
oday, around 20% of days of missed work are due to sprains and strains that happen as a result of poor workplace design. Companies and public sector organizations that consider their employees’ work environment and how it can affect health and efficiency — known as ergonomics — can potentially reduce workplace injuries.
The purpose of most actuarial methods is to estimate ultimate losses, or total losses, for a particular accident period. Once an estimate of the ultimate losses is determined, outstanding losses or required reserves are easily calculated by subtracting the paid losses from these total losses.