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The London Accident & Health market continues to play a very important role in the development of insurance and reinsurance in the United States. The ability of this market to be flexible, competitive and most importantly, innovative, makes it a key component for profitability and growth for US insurers and MGUs.
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As we start 2017 Guy Carpenter is very excited about being chosen by more Blue Cross Blue Shield organizations to be their medical reinsurance experts than any other reinsurance broker. Representing more than three times as many Association members than our nearest competitor, it is from a position of knowledge and expertise that we continue to build out and improve our platform to deliver value over a wide range of reinsurance solutions.
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Guy Carpenter’s role as advocate, advisor and broker brings a market-driven process to executing optimal reinsurance solutions. Guy Carpenter has significant experience in dealing with complex transactions within the Annuity marketplace, and has been involved in multiple transactions totaling in excess of $5 billion.
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Medicaid is a federally funded, state-operated and state-implemented program. As such, the program is different in each state, whether in terms of eligibility, benefits, delivery of services, or provider payments. Some programs’ coverages tend to be very limited. For instance, in one state only certain types of transplants are covered and only infants under certain weight (1200 grams at birth) are covered under Medicaid. Having the knowledge of state specific programs, we help clients design the appropriate reinsurance coverage to meet their risk management and budgeting objectives.
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The Zika virus has become a global health issue with the World Health Organization predicting up to 4 million Zika cases in the Americas alone over the next year. In fact, the World Bank has projected that the short-term economic impact from the virus for 2016 in Latin America and the Caribbean will be about $3.5 billion. In the United States alone, there have been 258 travel related cases reported and an additional 259 in Puerto Rico, with a projected 1 in 5 to be infected on the island by year end. With these staggering growth estimations, the World Bank dedicated $150MM to help fight the Zika virus.
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Currently in the US, the Zika virus is spreading in certain states and creating an anxious environment for pregnant women. The mosquito
transmitted illness has been of great concern for those traveling to impacted areas in Latin America, including Rio de Janiero, and the Caribbean. Several athletes decided to withdraw from the summer Olympics in Rio due to the risk the virus poses to pregnant women.
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For more information on the Guy Carpenter HealthCare & Life Specialty Practice, please contact: gchealthcarelife@guycarp.com