Zurich selects Arrowsight to help transform on-site construction safety across the U.S. with proven camera-enabled coaching solution
Rhea-AI Summary
Zurich (OTC:ZURVY) announced a strategic collaboration with Arrowsight to deploy camera-enabled video coaching across U.S. construction jobsites after a multi-year New York pilot.
Key pilot outcomes: projects using Arrowsight showed >50% reduction in Workers' Comp claim frequency versus controls and contractor Posillico reported an EMR fall from 0.65 to 0.25. Zurich now designates Arrowsight its exclusive camera provider and requires the technology for New York wrap-up projects, while ZRS becomes Arrowsight's exclusive third-party risk engineering provider.
Positive
- Claim frequency reduced by >50% in NYC pilot
- EMR dropped from 0.65 to 0.25 at Posillico
- Zurich named Arrowsight exclusive camera provider for construction jobsites
- ZRS became Arrowsight's exclusive third-party risk engineering provider
Negative
- Zurich requirement for Arrowsight is currently limited to New York wrap-up projects
- Pilot comparison involved 9 Arrowsight projects versus 12 non-Arrowsight projects
News Market Reaction 1 Alert
On the day this news was published, ZURVY declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Workers' Comp claim frequency dropped over
This agreement follows a multi-year pilot program in
The results of the pilot exceeded expectations, reducing Workers' Comp claim frequency—a key indicator of worker safety—by more than
"This pilot was made possible by leading contractors who were willing to invest in safety with us in an innovative, unprecedented way," said Zurich Head of ConstructionTobias Cushing. "The dramatic results underscore the power of combining human insight with technology to drive measurable change. We saw a virtual elimination of serious injuries and deaths on projects with Arrowsight. We want to get workers home safe at night, and reducing claims is a reflection of that."
"This collaboration with Arrowsight provides ongoing coaching and insights, embedding safer habits into daily customer operations to save lives, avoid disruption and enhance profitable project completions," said Arooran Sivasubramaniam,Head of Zurich Resilience Solutions in
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In its three-year pilot and underwriting study,
These results led
Posillico Inc., a
Several well-known contractors' projects were part of the
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Russ Johnson, VP, Insurance & Surety, Skanska
USA Building Inc.: "Together with partners likeZurich embracing remote video coaching on project sites, we're helping raise the bar industry-wide for safety and risk reduction." -
Doug Ware, SVP, Risk Management,
Suffolk : "We have seen strong results when implementing the unique combination of Arrowsight's Remote Video Coaching services and Zurich Resilience Solutions' experienced risk engineering team. When leveraging these solutions together, we have seen approximately 4X fewer claims and 10X lower incurred losses on the projects.Zurich risk engineers are now continuously engaged with our project teams, adding even more value—they are included on daily coaching reports and flagged videos, and they participate in bi-weekly coaching sessions with our field staff and the Arrowsight team." -
Don Naber, EVP – Risk & Insurance, Gilbane Building Company: "We have been incredibly impressed with the combined service offering that
Zurich and Arrowsight have developed. The initial results across multiple ground-up and building renovation projects in two states have far exceeded anything we could have imagined possible given the highly complex work we perform." -
Rick Nota, CFO, Posillico Inc.: "We are very proud to have been the first civil construction company in the
U.S. to work with and then widely adopt the use of Arrowsight's Remote Video Coaching services. Our EMR inNew York has dropped from .65 in 2019 when we started working with Arrowsight all the way down to .25 this year. This has significantly lowered our insurance costs and helped us keep our critically valuable project teams much safer." -
Deborah Broom, VP, Risk Management, Tutor Perini Corp.: "We began working with
Zurich and Arrowsight on a major project inNew York City in 2024 and have been very pleased by how few claims we've had to date on such a complex project."
The Arrowsight system is designed with moveable, battery-powered and cell-enabled cameras that can operate even without electricity or internet, essential for rugged, complex jobsites.
Zurich North America delivers insurance and risk management services to help make businesses and people more resilient. As one of the largest providers of insurance solutions and services to businesses and individuals,
About Zurich Resilience Solutions
Zurich Resilience Solutions delivers risk advisory services that help companies protect their people, operations and most critical assets in today's world of volatility. With more than 1,000 risk experts operating in 40 countries, ZRS manages 800 international programs and performs 60,000 risk assessments annually. Backed by 75 years of loss data and risk trends, ZRS serves businesses of every size and industry, helping customers identify, quantify and take action to reduce risk and build operational strength and resilience.
Founded in 2002, Arrowsight, a Web-based Application Services Provider, is the leading developer of Hybrid AI & Remote Video Coaching services and software. Arrowsight has helped improve practices, compliance and employee morale in safety-sensitive industries such as food manufacturing, healthcare and construction. For more information, please visit www.arrowsight.com.
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SOURCE Zurich North America