Chris Mandel discusses how workers’ compensation will look in ten years, through the lens of Dr. Richard Victor’s recently published book, “Scenarios for the 2030s: Threats and Opportunities for Workers' Compensation Systems”.
There are four main forces causing the change:
- demographic forces, such as age of workforce - baby boomers reaching retirement,
- case shifting,
- social security and disability and
- the changed environment of workers' compensation and reform.
Additionally, Chris elaborates on four aspects risk managers and practitioners can implement with this information, how to address loss prevention and building organizational resilience for systemic issues.
*The views and opinions expressed in the Public Risk Management Association (PRIMA) blogs/podcasts are those of each respective author/speaker. The views and opinions do not necessarily reflect the official policy or position of PRIMA.*
Chris Mandel, CPCU, CCSA, ARM-E, AIC
President, Founder & Managing Consultant, Excellence in Risk Management, LLC
Summary of Qualifications
Chris is a founder, president and managing consultant for Excellence in Risk Management, LLC an independent risk consultancy founded in Texas in 2004. He is the recently retired SVP, strategic solutions for Sedgwick and the founding director of the Sedgwick Institute where he was responsible for helping the company reach its strategic vision of serving current and evolving needs of its current and future customers as well as help lead the industry vertical to the next level and beyond. Chris has more than 25 years of experience in insurance and large global corporate risk management. He has pioneered the development of integrated risk management at USAA, where S&P rated USAA as “excellent” and a “leader in ERM”. His career included leadership roles at Liberty Mutual, Marsh, Verizon, American National Red Cross, PepsiCo and USAA.