As businesses seek to address both the immediate and long-term effects of COVID-19 on their operations, the reinsurance industry is at the forefront of conversations to create a forward-looking solution for pandemic risk in conjunction with policyholders, insurance markets and key policymakers. Managing liquidity during COVID-19 has become both challenging and critical for ... Continue Reading »
pandemic
Is It Time For a Digital-Only Health System?
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with the healthcare industry on how to mitigate the impacts of the virus on the sector. Virtual health care options are becoming increasingly commonplace, and the growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization increases. As ... Continue Reading »
Podcast: Risk & Resilience in the Time of COVID-19
As the human and economic costs of COVID-19 continue to mount, reinsurers are working with government entities and healthcare executives on how to mitigate the impacts of the virus on the sector. The growing use of telemedicine and capacity constraints within healthcare systems could potentially dull utilization increases; however, the financial costs will still be significant. ... Continue Reading »
Employment Liability Claims Set to Rise With COVID-19
As the COVID-19 pandemic continues into the summer, public health concerns are of the utmost importance, and Guy Carpenter is actively developing a view of how COVID-19 may impact businesses as employees begin returning to their offices. And as business activity ramps up from COVID-19-related restrictions, companies are determining just how they will create a safe space for ... Continue Reading »
Boards Must Focus On The Horizon: How to Best Position for COVID Recovery
The human costs associated with COVID-19 are prominent in our thoughts, discussions and efforts at Guy Carpenter, as we work with clients to navigate these unprecedented times. While COVID-19 has placed a tremendous burden on businesses, the reinsurance industry is closely monitoring the direct and indirect financial impacts of the virus, and advising board members and ... Continue Reading »
Positioning Virtual Care to Transform Health Benefits
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with healthcare executives on how to mitigate the impacts of the virus on the sector. Virtual health care options are becoming increasingly commonplace, and the growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization increases. For ... Continue Reading »
COVID-19: The View From the Marketplace
As we learn more about the COVID-19 virus, societal responses and vaccine development, our collective knowledge continues to develop. Throughout this time, Guy Carpenter is continually connecting with our clients and business associates to gather the key questions health insurers are asking along with the range of potential outcomes. ... Continue Reading »
COVID-19 Unveils a Payer Opportunity
As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known. However, given the significance of the developments, Guy Carpenter provides our view of how COVID-19 may impact the medical (re)insurance market. At least one in seven working Americans is now unemployed. And as high as one in four Americans is ... Continue Reading »
How America’s Insurance System Can Prepare For a Future Pandemic
The 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. The scale of this exposure is immense and far beyond the financial capabilities of the insurance industry alone. A ... Continue Reading »
Cybersecurity After COVID-19: 10 Ways to Protect Your Business and Refocus on Resilience
As a sector intrinsically tied to digital technology, cyber insurance is known for its dynamic and evolving nature. In 2019, the cyber insurance industry began to grapple with multiple headwinds such as record General Data Protection Regulation (GDPR) fines and the introduction of new privacy regulations. In 2020, the landscape only became more complicated as the COVID-19 ... Continue Reading »
