Liability risks shifting in evolving healthcare sector

The COVID-19 pandemic and worldwide trend towards the digitisation of medicine are bringing about rapid technological change, and with it, the need to reassess risk liabilities, according to Willis Towers Watson.

Key exposures which need to be considered when reviewing insurance policies in the digital health sector include those 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.

Kirsten Beasley, head of healthcare broking, North America, Willis Towers Watson, said the sector has changed profoundly.

“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,” she explained.

See the next issue of CIR Magazine for more on the changing risk landscape in healthcare.

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