The COVID-19 pandemic created a myriad of challenges for the U.S. healthcare market that few could have foreseen. From rising mortality rates to staffing shortages to postponement of routine medical care and screenings, every aspect of the healthcare market has been negatively impacted by this public health crisis. Yet while it would be easy to point to COVID-19 as the primary cause of the medical professional liability (MPL) market's current challenges, that would be misleading.
The 2022 U.S. Healthcare Market Outlook looks at the impact of social inflation, capacity issues and other drivers in the MPL market across several healthcare segments. As insurance companies try to right the ship by tightening policy language and adding exclusions, it's vital to understand the current landscape to address these evolving coverage issues.
How can you help clients navigate through these issues and ensure smooth renewals for the year ahead?
Learn key insights from the U.S. Healthcare Market Outlook, including:
- Market trends which are hitting a breaking point, including social inflation, private equity investment and the impact of COVID-19 claims on the industry.
- Key findings within MPL subclasses including hospitals, senior care/long term care facilities, allied healthcare, physicians and human services.
- Current market challenges including sexual misconduct and abuse, non-owned auto and underwriting issues with long term care facilities.
Read more in the full 2022 U.S. Healthcare Market Outlook