Specialist insurer Beazley has announced the global launch of an online portal that provides insight and support to brokers and their clients in the digital health sector.
Beazley’s Virtual Care portal aims to help its broking partners mitigate key areas of risk affecting tech-led healthcare and wellness services.
The risk solution integrates bodily injury cover across core modules to provide insurance for risks faced by digital health organisations under one policy.
These modules include medical malpractice, technology & media liability, general and products liability, and cyber liability and breach response.
Virtual Care first launched in the US in 2017 and has been available in the United Kingdom since 2019, and is now available across Canada, Spain, Singapore and Hong Kong as of this year.
Beazley will extend the offering to further territories in the coming months, including countries in Latin America and continental Europe.
“Digital health is an exciting, fast-growing sector that is expanding exponentially in 2020,” said Evan Smith, global head of miscellaneous medical and life sciences at Beazley.
“From the beginning of the pandemic when virtual consultations became a necessity for millions of patients, through to the ongoing social distancing rules in many parts of the world, strong growth is expected to continue beyond the current health crisis. Having an integrated, holistic insurance solution will help to manage the complex web of interconnected risks within digital health and support its development,” Smith continued.
“Since first launching Beazley Virtual Care in 2017 we have amassed deep knowledge of the risk landscape and the claims that digital health clients face. This enables us to provide insight and support to our broking partners, and we have launched the Virtual Care portal to help with this. We are excited to continue to work more closely with our partners as we build and develop our Virtual Care offering globally.”
