2023 State of the Insurance Market: Healthcare
Every year we take a close look at the insurance market and compile detailed State of the Market reports. Inside these reports, we discuss the challenges and trends impacting businesses, individuals, and the insurance industry. We also explore emerging trends and risks while highlighting strategies and solutions that can help you mitigate risk and achieve your goals. In addition to compiling full market reports, we also go into detail on how specific industries are impacted by changing market conditions. This year, one of the areas we focused on is the insurance market for the Healthcare industry.
The Healthcare Insurance Market Snapshot
With the rise of telemedicine and increased demand for skilled medical professionals, the healthcare industry is in an eager state of transformation.
Unlike many other industries, supply chain issues have only had a mild to moderate effect on healthcare and physician groups. Pharmacies and select surgical specialties are two areas of healthcare most fatigued by shipping delays and lack of inventory.
Inside our Healthcare industry market report, you will learn about:
- Key challenges the Healthcare industry faces
- What the primary insurance and reinsurance market looks like
- How the Healthcare industry can address these challenges
- Managing the overall cost of risk and insurance
- Strategies for finding a trusted advisor partner
This report can serve as a powerful resource for many types of healthcare companies, such as:
- Diagnostic Laboratories
- Home Healthcare Services
- Long-Term Care Facilities
- Medical Device and Equipment
Trusted Insurance Advisors
Underwriting scrutiny is at an all-time high and insurers are providing less favorable terms for coverage. Now’s the time to work with a team of Commercial Risk advisors with a proven track record in the manufacturing industry. Contact Burnham WGB today to learn more about how we can help you assess your risks and protect your assets and investments.