Market Analysis
published on Apr 02, 2020
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Report Overview:
NelsonHall’s analysis of the Impact of COVID-19 on Impact of COVID-19 on Healthcare Provider and Health, P&C and L&A Insurance Sectors consists of 10-pages. The report focuses on the impact of COVID-19 on Impact of COVID-19 on Healthcare Provider and Health, P&C and L&A Insurance Sectors globally.
Who is this Report for:
NelsonHall’s “Impact of COVID-19 on the Healthcare Provider and Health, P&C and L&A Insurance Sectors” report is a summary of the likely impacts of the crisis on four verticals for:
- Vendor marketing, sales and business managers wishing to understand the impact of COVID-19 on enterprise financials and digital IT and operations transformation and BPS activity
- Enterprises interested in understanding the impact of COVID-19 on their peers
- Financial analysts and investors specializing in the services sector, looking to understand the impact of COVID-19 on IT and BPS services.
Scope of this Report:
The analysis for each vertical is broken down in the following categories:
- Impact on Growth
- Actions Being Taken on Growth
- Budget Implications
- Operational Impact
- Immediate Impact on BPO Market.
Key Findings & Highlights:
Across these verticals we expect that the COVID-19 crisis will likely:
- Place immediate strain on healthcare provider enterprises, with second-order effects on healthcare payer, P&C and L&A enterprises
- Accelerate market acceptance of – and investment in – agile digital transformation
- Accelerate the decline of dated functions such as paper-printing and mailroom capabilities
- Reemphasize the need for insurance carriers to rely on operational / underwriting income rather than investment income
- Modify expectations about how people work and collaborate, with wide-spread acceptance of work-from-home arrangements and accelerated spending on IT that supports these changes
- Shift demands for BPO services as discussed below.