The story so far
Launched in September 2020, Foresight is the first insurtech to tie safe work practices to insurance savings and is quickly becoming the workers compensation provider of choice for construction, manufacturing, and agriculture businesses. With its Safesite mobile application, Foresight has the ability to drive behavior change among its insureds to foster a safer work environment. And a work site with fewer injuries reduces workers compensation premiums for the policyholder and increases profitability for the insurer.
Foresight is already working with 165 appointed commercial agencies, including 14 of the top 20 agencies in the United States, according to the annual ranking by Insurance Journal. Their innovative solution provides customers with state-of-the-art risk management and rewards companies for their successful safety initiatives with insurance savings.
OMERS Ventures first invested in Foresight in 2022.
OMERS First Investment