![]() "We believe that EMCC’s $36 per share cash proposal represents the best available outcome for our minority shareholders," EMCI Chairman Stephen A. A special committee recommended the transaction at $36 per share, which was approved by the EMCI board of directors. ► More: 5 years after the fire: What will become of the former Younkers site?ĮMCC made an initial purchase bid of $30 per share in November. For more information, visit .EMC Insurance Group (EMCI) was formed in 1974 and became a publicly traded company in 1982.ĮMCC owns approximately 55% of EMCI’s outstanding shares and will acquire all remaining shares for $36 per share, according to details of the agreement released Thursday.ĮMCI stock closed up 11.43% Thursday at $35.98 a share. EMCC is licensed in all 50 states and the District of Columbia. Today, operating under the trade name EMC Insurance Companies, the company provides property and casualty insurance products and services throughout the United States and writes reinsurance contracts worldwide. Employers Mutual Casualty Company (EMCC) was organized in 1911 to write workers’ compensation protection in Iowa. More information and a brief video about the company and product can be found at About EMC Insurance CompaniesĮMC Insurance Companies is among the top 50 insurance organizations in the country based on net written premium, with more than 2,500 employees. MākuSafe® delivers their product through insurance carriers, as well as direct to industrial end users. ![]() The portal auto-records near-misses, proactively targets resources to specific conditions & occurrences, and streamlines compliance reporting. Our cloud platform, MākuSmart, then uses machine learning to identify high-risk trends in the facility. Gathers real-time environmental and motion data from workers. Founded in 2016, MākuSafe® developed proprietary wearable technology that Our mission is to improve worker health, safety, and productivity while reducing worker compensation claims and mitigating workplace risks. MākuSafe® is an insurtech SaaS/data & analytics company based in Des Moines, Iowa. More information about the pilot program’s results will be released after the program’s conclusion ![]() MākuSafe’s products have attracted the attention of insurance company partners, capital investment companies, and industrial end users who see the potential benefit for preventing workers’ compensations claims. “It has been so encouraging seeing companies like EMC embrace that mission in such a tangible way.” “Sending more people home safely to their families at the end of the work day is a mission that’s easy to get behind,” said Gabriel Glynn, MākuSafe® CEO & Co-Founder. “We want to provide them value beyond insurance wearable technology and effective data analysis are some of the ways we’re pursuing that.”ĮMC added that, through the course of the pilot program, the company will be looking specifically at how the combination of the MākuSafe® armband and MākuSmart® platform can provide insights on workplace safety trends while building an increased culture of safety among employees. “The world’s changing for our agents and policyholders,” said EMC’s Vice President – Risk Improvement Bryon Snethen. Then the MākuSmart® cloud platform uses machine learning to uncover trends and generate real-time alerts to help safety managers and insurance companies identify potential hazards before accidents happen. The MākuSafe® wearable armband gathers data on numerous environmental conditions and hazardous human motion, such as slips and trips. The pilot program is a continued step in the evolution and real-world execution of MākuSafe’s technology solutions which help companies reduce the number of workplace accidents by collecting and processing predictive indicators of risk. MākuSafe® and EMC Insurance Companies Announce Partnership for Pilot ProgramĭES MOINES, IOWA (June 10th, 2019)-MākuSafe, a Des Moines-based insurtech/safety analytics company, today announced that they are launching an eight-week pilot program with EMC Insurance Companies to use its latest generation of wearable armband technology to identify industrial hazards and reduce workplace accidents and worker’s compensation claims.
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