Partner for BiH
Healthcare
Healthcare encompasses public and private healthcare institutions — hospitals, clinics, surgeries, laboratories, pharmacies, elderly care facilities, and social care providers — which manage exceptionally high and variable risks related to patient safety and the delivery of care on a daily basis.
The greatest exposure arises from unintentional failures in medical care (medical malpractice), where even a single patient claim can reach a very high amount, which is why in many countries (for example, Slovakia) professional liability insurance for healthcare institutions is a mandatory, statutory type of insurance. At the same time, the sector is digitalising rapidly (telemedicine, electronic patient records), which increases cyber risk and vulnerability to ransomware attacks that can block access to data, while it is further burdened by staff shortages, increasingly strict regulation, and litigation.
Given the complexity of the risks and the high limits of cover, VIPOX analyses, structures, and places such risks on the international insurance and reinsurance markets.
Key Consideration
In the domestic and regional market, insurers primarily offer supplementary and additional health insurance for individuals, which is an entirely different product from the liability insurance for healthcare institutions discussed here. Accordingly, solutions for this sector — liability insurance for healthcare providers — are assessed and arranged by VIPOX and, through our partnership with AON, provide clients with access to the capacity of the international insurance market.