In the wake of the Affordable Care Act and its expanded healthcare coverage in the U.S., Guy Carpenter & Co. has reorganized and expanded its effort to cater to healthcare providers and insurers in the space.
Guy Carpenter announced the news at the launch of the PCI Annual Meeting in Scottsdale, AZ.
The reinsurance brokerage division of Marsh & McLennan Companies, Guy Carpenter is focused on a reorganization of sorts. According to the company’s announcement, its new U.S. Healthcare & Life Specialty Practice integrates its Life, Accident & Health and Medical Practice Liability specialties under one umbrella.
The U.S. rollout of the Affordable Care Act helped spur the change in direction, Andrew Marcell, managing director and CEO of Guy Carpenter’s U.S. operations, said in a statement. With the law’s expansion of health insurance coverage, it is propelling changes in the overall health insurance environment as well as new exposures, so there is a need to group previously independent coverages, Marcell said.
Guy Carpenter’s new practice will include 50 health, healthcare and life broking professionals and actuaries. They’ll focus on services including analyses of emerging claims trends, torts costs and reinsurance market developments for healthcare providers. As well, the practice expects to offer analytics and reinsurance services for clients who are dealing with new operating models and more liabilities under the new health insurance environment.
A further goal: to help insurers and managing general underwriters in the space figure out the effect of expanded insurance, as well as emerging risks and new distribution models, Guy Carpenter said.