It is crucial that companies and the (re)insurance market incorporate climate change into business considerations as investors, ratings agencies and financial regulators apply pressure on firms. Climate change will also impact health and life sciences stakeholders via more frequent and severe disruptions, according to Kavitha Hariharan, Director of Health Societies, Marsh ... Continue Reading »
Healthcare
Global Risks Report 2021: Reflections on COVID-19 – Risk Financing
The (re)insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation strategies and a response mechanism for future pandemic events. ... Continue Reading »
GC Capital Ideas Top Healthcare Insights of 2020
Here we highlight the top stories of 2020 that GC Capital Ideas has presented on managing risks associated with healthcare. ... Continue Reading »
Health Insurers and COVID-19: Future Impacts
Guy Carpenter has identified certain factors that may impact how large medical insurance carriers adapt to the needs of their insureds and employees in the United States amid COVID-19. ... Continue Reading »
COVID-19: Employer-Sponsored Healthcare Plans
Approximately 49 percent of the U.S. population is covered by employer-sponsored health plans (2018 figures from the Census Bureau’s American Community Survey 2008-2018 sponsored by the Kaiser Family Foundation). Health insurers are partnering with their insureds to navigate issues around employers’ and employees’ ability to pay premiums for coverage, eligibility to participate ... Continue Reading »
Cost Sharing and Telehealth
In the beginning of March 2020, insurers across the country immediately began requesting that barriers to providing care be removed during the pandemic to help them more efficiently test and treat COVID-19 patients. However, on March 18, 2020, Congress passed the Families First Coronavirus Response Act, which required health insurance companies that offer individual and group ... Continue Reading »
Health Insurers and COVID-19: Background and Timeline
As COVID-19 spreads throughout the United States and the resulting economic disruption continues, medical insurance carriers are responding to the needs of their customers in a rapidly changing market landscape shaped by legislative and competitive conditions. In this article, we provide an overview of how large medical insurance carriers are adapting to the needs of their ... Continue Reading »
How a COVID-19 Vaccine Can Reach Billions of People
As the COVID-19 pandemic and concerns surrounding a second wave of infections continue through autumn, public health concerns remain a top priority for people both in and outside the healthcare industry. ... Continue Reading »
The New Health Care Economy Calls for Shifts From the C-Suite
COVID-19 may represent the vanguard of a series of public health crises arising out of climate change, income inequity, fraying social safety nets, demographic imbalances, resource shortages and increasingly stressed urban infrastructures. As the COVID-19 pandemic continues through autumn, public health concerns remain a top priority for people both in and outside the ... Continue Reading »
The Long Haul to Normalcy
A confluence of headwinds associated with COVID-19, such as a deep global recession, even lower interest rates and higher costs of capital, have added to the challenges faced by (re)insurers. The pandemic is likely to be one of the slowest-developing catastrophes that the sector has ever encountered: claims will manifest themselves differently compared to more conventional ... Continue Reading »
