Le Lézard
Classified in: Health, Business, Covid-19 virus
Subject: SVY

Conning: What's the Next Chapter in the Medical Professional Liability Story?


HARTFORD, Conn., June 2, 2020 /PRNewswire/ -- "The MPL industry is going through a challenging time. COVID-19 notwithstanding, changes in health care are directly impacting the MPL industry," said Bill Burns, a Director, Insurance Research at Conning. "Each segment of the MPL market presents its own unique challenges and opportunities. While most insurers appear financially stable, smaller reserve redundancies, rising loss ratios and a highly competitive market could affect this stability. If they have not already done so, companies have to ask and answer some tough questions on their strategy for success."

The Conning study, "Medical Professional Liability Insurance ? Years of Plenty, Years of Famine" explores the four sectors of the MPL market?physicians, hospitals, other professionals, and other facilities. Based on publicly available financial information, trends in health care, and insights provided by industry professionals, we provide a prognosis of each sector that gives a view on their long-term attractiveness to MPL insurers.

"The medical professional liability market is a function of the health care market, and the latter has been undergoing seismic changes that are directly altering the MPL market," said Steve Webersen, Head of Insurance Research at Conning. "The number of physicians that independently purchase MPL insurance is shrinking. Hospitals are morphing into larger health care systems that no longer purchase MPL the same way it was purchased in the past. Meanwhile, health care is more frequently being delivered in non-hospital settings by nonphysician providers that also need MPL coverage."

"Medical Professional Liability Insurance ? Years of Plenty, Years of Famine" is available for purchase from Conning by calling (888) 707-1177 or by visiting www.conningresearch.com.

ABOUT CONNING

Conning (www.conning.com) is a leading investment management firm with a long history of serving the insurance industry. Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America.

Media Contacts

Rebekah Humphrey  
Conning
860-299-2341
becky.humphrey@conning.com

[c: # 10320432]

 

SOURCE Conning, Inc.


These press releases may also interest you

at 19:20
Essential Energy Services Ltd. ("Essential" or the "Company") announces it has entered into an amending agreement to its June 26, 2018 credit facility agreement (together the "Amended Credit Facility") with a syndicate of lenders comprised of...

at 19:20
Technavio has been monitoring the global building automation software market and it is poised to grow by USD 16.93 billion during 2020-2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis...

at 19:05
Technavio has been monitoring the global automotive belt tensioner pulleys market size and it is poised to grow by USD 746.25 million during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date...

at 19:02
Intermap Technologies Corporation ("Intermap" or the "Company") today announced a significant new contract and an important new hire. The Company also announced a strategic partnership for Latin America. In...

at 18:50
Technavio has been monitoring the global commercial soft-serve machines market size and it is poised to grow by USD 142.64 million during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis...

at 18:40
Mundipharma today announced that laboratory testing at the Duke-NUS Medical School in Singapore, has confirmed the effectiveness of its BETADINE® antiseptic products against the novel coronavirus (SARS-CoV-2) which causes COVID-19 disease. Testing...



News published on 2 june 2020 at 16:00 and distributed by: