Here we review GC Capital Ideas’ recent stories on healthcare and medical (re)insurance.
The Novel Coronavirus May Damage Aviation More Than SARS: Since December, the novel coronavirus that began in the Chinese megacity of Wuhan has infected more than 24,000 people and killed almost 500. It is well on its way to becoming a pandemic — defined as an ongoing epidemic that has spread to two or more continents, according to Khalid Usman, Senior Vice President in Oliver Wyman’s Transportation Practice and Douglas Carlucci, Partner in Oliver Wyman’s Transportation and Digital Practices. Oliver Wyman is an affiliate of Guy Carpenter.
2020 Healthcare Predictions in Asia-Pacific: Looking Back to Look Ahead: Demand for healthcare in the Asia-Pacific region is growing rapidly. This is especially true given its rising aging population and as governments continue to roll out ambitious universal health coverage schemes. However, much healthcare in the Asia-Pacific region is inefficient, something many people there still cannot afford. Governments and healthcare organizations need continued acceleration in the pace of Asia’s healthcare transformation to address the “silver tsunami” and widening socioeconomic inequality.
What Is Changing in the U.S. Healthcare Reinsurance Market: Traditionally, healthcare reinsurers offered a robust model to customers, with additional services including claims analysis, access to vendor contracts in high-cost, specialty areas like organ transplant or dialysis, nurse hotlines, pre-natal teams and general expertise on “who to call” regarding specific claimant issues. Low loss ratios — around 65-75 percent — and high levels of client retention not only enabled, but also justified, those auxiliary services and let them take on a high expense load while maintaining a profitable business, according to Phillip Barker, Managing Director, Healthcare Practice, Guy Carpenter.
Guy Carpenter Market Pulse – Employee Stop Loss (ESL) Survey Results: The Guy Carpenter ESL survey focused on various issues, including market sizing, outsourcing of various functions, employee count and more. Our survey gathered responses from top providers in the U.S. market, representing various sizes, segments and distribution sources.