Travelers Introduces Innovation Network for Construction Industry

Rhea-AI Summary

The Travelers Companies, Inc. (NYSE: TRV) has launched the Travelers Innovation Network for Construction, an online platform designed to assist construction customers in accessing industry insights and technology solutions for risk management.

This platform aims to enhance productivity and safety on job sites, addressing challenges such as water loss detection and site monitoring. Eligible users can also benefit from discounts on specific products. This initiative exemplifies Travelers' commitment to partnering with construction clients to foster safety and effective risk management.

Positive

• Launch of the Travelers Innovation Network for Construction enhances support for construction clients.
• The platform offers access to vetted risk management tools, improving customer decision-making.
• Eligible customers may receive discounts on various products and services.

Negative

• None.

Online platform helps construction customers find industry-specific technology solutions and resources for risk management

HARTFORD, Conn.--(BUSINESS WIRE)-- The Travelers Companies, Inc. (NYSE: TRV) today launched the Travelers Innovation Network for Construction, an online platform providing construction customers with access to industry insights, as well as a curated group of technology providers and solutions aimed at improving productivity and safety on job sites.

“Technology has the potential to help mitigate risk, but it can take business owners a significant amount of time to determine which of the many available tools are the best fit for their organization,” said Lisa Morgan, President of Construction, Energy and Marine at Travelers. “Our new Innovation Network helps our construction customers make informed decisions by providing a robust selection of risk management tools that are vetted by our team of construction specialists.”

The Travelers Innovation Network for Construction allows construction customers to search for targeted technology solutions and guidance that can help them overcome work site, employee and business risk exposures and challenges, including those related to water loss detection, ergonomics, site monitoring and equipment management. Eligible customers also can qualify for discounts on certain products or services presented on the platform.

This is the latest example of Travelers partnering with construction customers to help them manage risk and promote a culture of safety. Other examples include:

• Since 2021, Travelers has supported the Construction Industry Alliance for Suicide Prevention, which offers resources to help contractors assess and implement awareness programs.
• In 2020, Travelers announced an exclusive agreement with Procore®, a global provider of construction management software, to help contractors manage the total cost of risk through improved operations and job site safety.
• In 2019, Travelers announced that it has helped injured construction workers reduce opioid use by almost 40% through its Early Severity Predictor® model, which identifies injured employees who are at a higher risk of developing chronic pain.

For more information about construction products and services from Travelers, please visit Travelers.com. To learn more about the Travelers Innovation Network, please visit ConstructionInnovation.Travelers.com.

About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $37 billion in 2022. For more information, visit Travelers.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230213005521/en/

Media:

Janette Baxter, 860-954-3869

jebaxter@travelers.com

Source: The Travelers Companies, Inc.

FAQ

What is the Travelers Innovation Network for Construction?

The Travelers Innovation Network for Construction is an online platform launched by Travelers to provide construction customers with access to industry insights and technology solutions aimed at risk management.

How does the Travelers Innovation Network help construction customers?

The platform offers targeted technology solutions for managing workplace risks, improving safety, and enhancing productivity on job sites.

What benefits do eligible customers get from the Travelers Innovation Network?

Eligible customers may qualify for discounts on certain products and services available through the platform.

What is the ticker symbol for The Travelers Companies?

The ticker symbol for The Travelers Companies is TRV.

When was the Travelers Innovation Network for Construction launched?

The Travelers Innovation Network for Construction was launched on February 13, 2023.