Everest Insurance has taken full ownership in Canadian IT company Salus Systems by acquired the stake it previously didn’t own in the latter, as per the latest insurance acquisition news.

Salus Systems was founded in January 2017 by Charter Partners Community and Everest Insurance’s parent company Everest Reinsurance. The Canadian IT company develops and markets a collaborative safety management mobile platform called ZERO.

Designed as a workplace safety software application, ZERO engages employees while observing, tracking, and responding to potential hazards, all in real time.

ZERO pushes for proactive safety management at all the levels of an organization by adopting a collaborative risk identification process, with an aim to reduce claims-related costs and by optimizing workforce safety operations.

According to Everest Insurance, ZERO’s easy-to-use, interactive features enable all members to take part in bringing down workplace hazards and take ownership of safety of the company.

New improvements to the software also enable incident management, reporting capabilities, and OSHA compliance, said Everest Insurance.

Bill Thygeson – Everest Insurance Chief Administrative Officer said: “The growth and development of the ZERO platform over the past two years has been incredible – it is truly a revolutionary tool in the workplace safety market.

“We are proud to provide clients with a product that can lead to both a tangible reduction in claims costs and an improvement in the safety and wellness of their employees.”

On behalf of Everest Re Group and its affiliated companies, Everest Insurance offers property, casualty, specialty along with other lines of admitted and non-admitted direct insurance.

For more insurance industry news and insurance acquisition news, keep following Business News Today.

  Bill Thygeson, Canada, Charter Partners Community, Everest Insurance, Everest Re Group, Everest Reinsurance, Insurance acquisition news, Insurance industry news, Salus Systems