Thoughtful workforce transitions in higher education
One way higher education institutions are responding to financial challenges caused by the COVID-19 pandemic is to rethink their staffing models and reduce faculty and staff costs.
Medical professional liability (MPL) insurers’ recent profitability and impressive reserve releases could continue over the next several years, but in the evolving healthcare environment, the situation could also change suddenly. The traditional static business models the MPL insurance industry has relied on will be put to the test in coming years. It is clear that the coming challenges will require dynamic approaches that let insurers leverage their existing expertise to expand or diversify into new markets.
This article was published in the 2014 Third Quarter issue of Inside Medical Liability.