New Report Reveals the Global Value of Occupational Health Programs to Organizations, Workers, Community & the Economy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 30, 2018 Newswires
Share
Share
Post
Email

New Report Reveals the Global Value of Occupational Health Programs to Organizations, Workers, Community & the Economy

Business Wire

Evidence shows that well implemented Occupational Health services can generate a strong return on investment

Investigates beyond traditional Occupational Health to include wellness, sustainability and CSR

TREVOSE, Pa.--(BUSINESS WIRE)-- The global burden of Occupational Health (OH) issues is considerable. Fatal and non-fatal work-related injuries and illnesses worldwide equate to a cost of approximately €2680 billion, equivalent to 4% of the global GDP or the entire GDP of Great Britain.1 Consequently, organizations, their workforce, and society have to bear a substantial cost.

Today, the Society of Occupational Medicine (SOM), the International SOS Foundation and KU Leuven University launch “Occupational Health: the Global Value and Evidence”. This new whitepaper discusses the value of Occupational Health (OH) from a global perspective and provides a synthesis of global evidence on the effectiveness of OH interventions and cost effectiveness.

SOM CEO, Nick Pahl, comments: “Work related health issues are far reaching, through the impact on organizations, employees and their families and on the wider community and ultimately the economy. Effects are across industries and ailments, from the impacts of a bad flu season2 to accidents and injuries. Many of these issues are preventable or at least can be reduced, hence the enormous potential of Occupational Health programs. This report provides comprehensive evidence of significant positive health related impact and return on investment of successful Occupational Health interventions.”

Lode Godderis, Professor at KU Leuven University and co-author of the report, comments: “The paper represents global evidence on the overall positive health impact and return-on-investment in a very wide range of Occupational Health interventions. From the implementation of a new manufacturing system in a medical center to reduce the number of needle stick injuries, resulting in cost savings of $62,000 a year, to a workers’ health promotion program involving topics such as nutrition and lifestyle management, this study demonstrates that the potential of Occupational Health can be fulfilled in numerous areas of the field.”

The paper demonstrates that Occupational Health services have a clear value: they improve the health of the working population; contribute to the prevention of work-related illnesses; prevent avoidable sickness absence through the provision of early interventions for those who develop a health condition; and increase the efficiency and productivity of organizations. They can also play a major part in protecting and revitalizing the global economy.

Olivier LO, Group Medical Director, Occupational Health Services, commenting on behalf of the International SOS Foundation, said, “This paper broadens the scope of OH beyond traditional occupational medicine, to include wellness, sustainability and social responsibility. It extends the meaning of value to encompass both tangible aspects, such as financial performance and legal compliance and intangible effects including reputation and corporate image. By adopting this approach, the report sets out the multi-dimensional aspect of OH value. Through OH interventions, organizations have the opportunity to also have an impact on the wider community and achieve the corporate social responsibility expected from them.”

The report is available at: https://www.internationalsosfoundation.org/som-whitepaper

About the Society of Occupational Medicine (SOM): The Society of Occupational Medicine is the UK organization for all healthcare professionals working in or with an interest in Occupational Health. We are concerned with: the protection of the health of people in the workplace; the prevention of occupational injuries and disease; and related environmental issues. The Society stimulates interest and research in occupational medicine and works with the government, the healthcare community, health charities and other bodies to promote a healthier workforce. It also acts as the voice of occupational medicine, responding to consultative documents and media enquiries on issues affecting the speciality. A national leader in providing continued professional development and education for all doctors and healthcare professionals working in Occupational Health, it is also a forum for the exchange of ideas, best practice and networking opportunities. For more information please visit www.som.org.uk

About KU Leuven:

KU Leuven is Belgium's largest university, with more than 10,000 staff members. It is a research-intensive, internationally oriented university that carries out both fundamental and applied research. The Department of Public Health and Primary Care is a multidisciplinary department with a focus on community health, best practice and health policy. Its 8 research units conduct interdisciplinary research and provide high quality education in different domains. The department aims at supplying health care professionals and institutions with the insights, concepts and techniques that will enable them to respond optimally to the health needs and expectations of patient and society. For more information please visit: https://gbiomed.kuleuven.be/english/research/50000687/index.html

About the International SOS Foundation:

Established in 2011, the International SOS Foundation ― Ambassadors for Duty of Care www.internationalsosfoundation.org – has the goal of improving the safety, security, health and welfare of people working abroad or on remote assignments through the study, understanding and mitigation of potential risks. The escalation of globalization has enabled more individuals to work across borders and in unfamiliar environments; exposure to risks which can impact personal health, security and safety increases along with travel. The Foundation is a registered charity and was started with a grant from International SOS. It is a fully independent, non-profit organization. For more information on Duty of Care and the International SOS Foundation, please visit http://www.internationalsosfoundation.org/

______________

1 Global Estimates of Occupational Accidents and Work-related Illnesses 2017.

2 This paper, for instance, addresses this issue in an occupational context and includes a study carried out in Clermont-Ferrand University Hospital in France comparing the cost of vaccinating hospital staff with the cost of sick leave among vaccinated and non-vaccinated employees in 2003, 2004, and 2005. The results show a benefit per vaccinated employee of €5, €26, and €20 per year, and a total benefit for the institution of €86,458.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180430006038/en/

International SOS

Suzanne Withers, Group Head of PR

t +44 (0)20 8762 8494

m +44 (0)7825 425 500

[email protected]

or

Society of Occupational Medicine

Ann Caluori, Communications and Events Manager

[email protected]

Source: International SOS

Older

Prominent Trump critic Painter enters Minnesota Senate race

Newer

National Advisory Council; Meeting

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
More Annuity News

Health/Employee Benefits News

  • Reed: Can these assets be saved?
  • PacificSource to end Montana operations
  • PacificSource to end Montana insurance operations
  • Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
  • Ashley Mann:
More Health/Employee Benefits News

Life Insurance News

  • Kansas official running for governor received $300K in donations before key decision
  • Investigators say C.R. man's life insurance claims for 3 children were fraudulent
  • Shocking death of Kyle Busch renews debate over IUL plan
  • WoodmenLife launches final expense life insurance offering
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet