Beazley insures many of the largest and most prestigious hospitals around the world, as well as a wide range of miscellaneous medical service providers such as primary healthcare providers; blood and tissue banks; and Clinical Research Organisations.
At least half of the world’s population cannot obtain essential health services and about 800 million people spend at least 10% of their household budgets on health expenses. Global governing bodies and multi-stakeholder partnerships increasingly recognize the links between health, poverty, and sustainable development.
Small healthcare organizations face a range of increasingly sophisticated risks. In today's litigious business climate, one bodily injury claim has the potential to wipe out a small business's financial resources. Healthcare companies with fewer employees on the payroll are also more likely to use the services of a third-party vendor or volunteers, opening up the potential for additional liability.
Health technology innovation has given us basic tools like the electronic medical record, as well as futuristic developments like robotic surgery and precision medicine. However, inequality, in terms of both healthcare access and utilisation, continues to be a global concern - and policy-makers have the difficult task of formulating evidence-based rules that can move the needle on related issues including a shortage of skilled healthcare workers.