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Survey Report

Insurance Marketplace Realities 2024 – Healthcare professional liability

November 9, 2023

Markets are careful in deploying capacity.
N/A
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Rate predictions: Healthcare professional liability
  Trend Range
Allied health Increase (Purple arrow pointing top right) +5% to +15%
Hospital professional liability Neutral increase (purple line, purple arrows pointing up) +5% to +20%
Managed care E&O Neutral increase (purple line, purple arrows pointing up) +5% to +12%
Physicians professional liability Neutral increase (purple line, purple arrows pointing up) +5% to +15%

Allied health

  • Staffing adequacy, training and burnout
  • Underwriters’ concerns about providing services in a healthcare setting
  • Patient privacy

Hospital professional liability

  • State legislative activities — tort reform including increased opportunities to venue shop
  • Batch coverage including sexual abuse
  • Practitioner burnout/retirement/staffing shortages

Managed care E&O

  • Regulatory claims such as antitrust and HIPAA
  • Pharmacy benefit management and opioid litigation
  • Member and provider disputes

Physicians professional liability

  • Physician burnout
  • Staffing shortages
  • Sexual abuse

Disclaimer

Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).

Contacts

Healthcare Broking Leader, North America

Joanne Kowalczyk
Senior Placement Specialist Healthcare Broking, North America

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