The digital healthcare industry has become a thriving sector, whilst facing escalating cyber threats and evolving regulatory challenges, according to research from CFC.

The growing adoption of digital healthcare solutions has resulted in the specialist insurer seeing a significant rise in claims notifications. Two thirds of claims now stem from emerging sources such as advertising liability, IP or cyber crime.

“The digital healthcare industry is undergoing a fundamental shift, driven by advancements in technology, patient expectations and increased regulatory oversight,” said Ellie Saunders, CFC’s healthcare team lead. “As it navigates increasing complexities in teleprescribing and data security, having the right insurance protection is only going to gain in importance amongst businesses and healthcare providers operating in this sector. There is a significant opportunity here for brokers to become a vital partner.

“While bodily injury, cyber and privacy remain key exposures, the sources of these claims continue to evolve,” Saunders added. “It’s our job not only to react to challenges as this market develops but, more importantly, stay ahead of them."

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