What are the key findings?
With survey responses from global business leaders of digital health and wellness companies across industries and sizes, we shed light on the key opportunities and adversities.
- 72% of the firms surveyed report growth in demand and 99% are planning expansion
- Only 62% of leaders believe they operate in a moderate to high-risk environment compared to 89% last year
- Cyber and regulatory risk dominate, cited by 27% and 47% of leaders globally
- 76% do not have a single insurance policy tailored to the risks they face
Viewed by 27% of business leaders as the top industry-wide risk.
Lack of key coverage
76% do not have a single insurance policy tailored to the risks they face.
Regulatory & compliance exposures
What 25% of business leaders lack clear understanding on.
Evolving risk resilience
Insurance providers must better educate clients of the risks they face and the coverage options available to them.
Why is there a lack of focus on the potential for digital health and wellness solutions to cause bodily injury?
In our experience, the largest cause of loss continues to be allegations of medical negligence or medical malpractice. Mostly these are traditional-type claims, but now a growing number stem from patient use of a medical platform or app...
Claims Focus Group Leader, Miscellaneous Medical & Life Sciences