With COVID-19 now officially a pandemic, the first step healthcare payers (and all employers) must take is trifold: ensure business resiliency, establish a crisis response structure, and secure employee safety. Payers will specifically be called on to continue leading the way in supporting the greater public health response, according to Chris Bernene, Partner in Health & ... Continue Reading »
pandemic
How US Retailers Should Prepare To Weather The Pandemic
While many cities in Asia and portions of Europe have been locked-down, across much of the United States it’s business-as-usual in retail and stores remain busy (in many cases busier than usual). The difference may mainly be one of timing. ... Continue Reading »
COVID-19: Lessons From Asia And Italy
The new coronavirus 2019 (COVID-19) pandemic is fast moving, and predicting just how it will develop in any jurisdiction is nearly impossible. That said, the actions taken by governments and the response of financial-services firms in each geography have followed a similar path. Guy Carpenter-affiliate Oliver Wyman's teams in Asia and Italy opine here on if there are lessons ... Continue Reading »
GC Capital Ideas Tip: New Pandemic Option on Guy Carpenter’s Preference Center
In an effort to provide real-time updates on the evolving novel coronavirus (COVID-19) outbreak, GC Capital Ideas has added a new option to the preference center: pandemic. Guy Carpenter's Preference Center allows users to sign up for a wide range of category-specific email alerts that provide news and insights from Guy Carpenter thought leadership specialists. ... Continue Reading »
As Coronavirus Spreads, Society and Organizations Take an Emotional Journey
The global coronavirus crisis should remind everyone that, when dealing with a pandemic, information and empathy are key to understanding and empathizing with co-workers and clients who may be on different parts of the journey, according to Norman Dreger, Partner at Mercer. Mercer is an affiliate of Guy Carpenter. ... Continue Reading »
Hospitals Preparing for COVID-19 Must Ask These Questions
If COVID-19 becomes a full-fledged emergency in your community, are you ready to respond? For hospitals – especially those serving smaller communities and rural areas – the answer depends on how thoroughly you’ve planned for a severe outbreak’s potential effect on your institution. Oliver Wyman has previously written about a key challenge for medical practices so far: shortages ... Continue Reading »
COVID-19: Managing Health System Staffing and Capacity Demands
Information regarding the new coronavirus, which causes the disease commonly referred to as COVID-19, surfaced in early December of 2019 in Wuhan, China. The Centers for Disease Control and Prevention (CDC) reported the first coronavirus case in the United States in late January. As of Tuesday morning (March 10), the number of cases in the US has grown to 747 and will continue ... Continue Reading »
Reflections on the Coronavirus Outbreak
Neil Lloyd, Head of US Defined Contribution and Financial Wellness Research at Guy Carpenter-affiliate Mercer, spent the final two weeks of February in Asia and came back with some insights concerning the broader economic impacts of the coronavirus pandemic. Read the article >> Click here to register to receive e-mail updates >> ... Continue Reading »
It’s Not the Best Time to Get Pandemic Risk Insurance. Here’s Why
The most timely opportunity to take action on pandemic risk insurance is not necessarily when a new virus is making international headlines. ... Continue Reading »
Global Risks Report 2020: Pressures on Health Systems
Gathering pressures are straining health systems on many fronts. The 2020 Global Risks Report, produced by the World Economic Forum in partnership with Marsh & McLennan and Zurich Insurance Group, discusses long-standing challenges as well as the next generation of health pressures that health systems are now confronting. ... Continue Reading »
