Guy Carpenter is to launch a new US healthcare and life specialty practice that will focus exclusively on the needs of health providers and insurers.
The practice will consist of a team of more than 50 health, healthcare and life broking professionals and actuaries dedicated to helping clients develop and implement strategies to best underwrite and manage their risks.
“The US healthcare insurance environment is undergoing rapid and profound changes, especially with the implementation of the Affordable Care Act,” said Andrew Marcell, managing director and CEO of US operations at Guy Carpenter.
“With previously independent coverages converging and new exposures emerging, and to better help our clients adapt to these challenges, Guy Carpenter has integrated its life, accident and health, and medical professional liability specialties to form the healthcare and life specialty practice.”
Payers and providers are facing a variety of new exposures and market developments as a result of the Affordable Care Act and its impact on the US healthcare industry.
Guy Carpenter’s new practice provides analysis of emerging claims trends, torts costs and reinsurance market developments for healthcare providers as well as analytics and reinsurance solutions for clients facing new operating models and expanded liabilities.
The Affordable Care Act has caused ripple effects throughout the employee benefits market—from core benefits like disability and life, to voluntary coverages and indemnity plans.
The specialty practice will help insurers and managing general underwriters identify the effects of changing insured populations, emerging risks and new distribution models.
David Rains, co-leader of the healthcare and life specialty practice, commented: “Healthcare provider roles have been redefined, medical insurers are facing unprecedented changes and specialty benefits insurers are reacting to tremendous potential challenges in how benefits are sold and distributed.”
