General Insurance Article - Growth of digital health from Covid creates insurance perils


The Covid-19 pandemic and worldwide trend towards the digitization of medicine is resulting in rapid technological change. However, this is also creating emerging risk issues and may result in healthcare risk managers reassessing risk liabilities, according to Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking, and solutions company, at the launch of a White Paper into the Future of Digital Health.

 The White Paper outlines some of the key exposures which need to be considered when reviewing insurance policies in the digital health sector. These include exposures which require coverage for bodily injury and economic loss, regulated and unregulated products, products and services often provided in cooperation with or at the direction of medical professionals.

 The White Paper reviews the growth of digital healthcare across different geographies and calls for the insurance market to consider an alternative holistic approach to insurance as against traditional healthcare policies.

 Kirsten Beasley, Head of Healthcare Broking, North America, Willis Towers Watson, said “The pandemic has propelled digital health onto the global stage, as healthcare providers around the world seek to leverage technology to help combat the crisis. This digital health revolution will profoundly and permanently reshape how healthcare is accessed and provided so it is imperative that the insurance market consider how to provide integrated solutions that more seamlessly address emerging digital health perils.”

 The Future of Digital Health White Paper 

Back to Index


Similar News to this Story

LA wildfires expose insurance crisis
Following the recent devastation caused by wildfires in Los Angeles, which have resulted in billions of dollars in damage; Ben Carey-Evans, Senior Ins
LIIBA publish their 2025 agenda
A groundbreaking project to quantify the monetary value of London’s brokers to the global economy is at the centre of LIIBA’s newly published agenda f
Car insurance records biggest annual fall in over 10 years
Comprehensive car insurance premiums have decreased by 16% (£161) during the last 12 months. UK motorists are now paying £834 on average, according to

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.