The COVID-19 pandemic has changed the face of healthcare as we know it. The medical professional liability (MPL) market struggled for several years, and the past 18 months further aggravated the dilemma with rising mortality rates, staffing shortages, and postponement of routine medical care and screenings.
While current MPL rate increases are dependent on many factors, industry consolidation has contributed to the decrease in MPL market participants. Insurance companies have opted to leave challenging segments of the market or exit the market entirely because it has become virtually impossible to construct MPL towers that meet clients' needs for larger coverage amounts.
Join a panel of RPS healthcare experts to learn vital signs for the healthcare market, including:
- The state of the healthcare industry
- Various segments including hospitals, physicians, allied healthcare and senior living
- How to help clients navigate through various industry issues and prepare for what's ahead in 2022