Health Care Organizations Are Facing Increasingly Complex Claims
White Paper Summary
There’s no denying that the past few years have been tough for health care organizations.
Doctors and nurses have been at the front lines of the COVID-19 pandemic. Many have faced burnout as they struggled to manage the intense workloads of the past few years. Additionally, many hospitals have struggled to remain profitable and are now navigating increasingly complex and severe liability insurance claims.
“Their financial margins were slim before the pandemic and are now even tighter as a result of the pandemic,” said Shellé Thompson, CPCU, product lead with the Bermuda health care division at Allied World.
As insureds navigate this challenging health care environment, some might consider other markets, for example Bermuda, as a potential place for risk transfer solutions, providing needed capacity for these critical organizations.
To learn more about Allied World please visit their website.