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General and Professional Liability Benchmark Report for Senior Living and Long-Term Care Providers
Marsh’s Senior Living & LTC Industry Practice and Oliver Wyman’s Actuarial Practice are conducting a 2022 update to and expansion of their General and Professional Liability Benchmark Report for Senior Living and Long-Term Care Providers. Marsh and Oliver Wyman will be partnering with the leading national trade organizations that support the industry including the American Seniors Housing Association, Argentum, the American Health Care Association and National Center for Assisted Living, and LeadingAge.
The information presented in this study is critical information for industry stakeholders interested in understanding important trends, loss drivers and other factors impacting resident care and quality. Included in this review will be an estimation of countrywide and state-specific trends separately for claim costs, severity, and frequency; an estimation of countrywide and state-specific claim costs; an examination of the relationship between indemnity costs compared to expense costs; and an analysis of the cause of loss descriptions. Especially relevant for 2022 will be the effect that the pandemic has had on losses.
If you’re interested in participating, please contact Oliver Wyman regarding the data collection process or with any additional questions at LTCBenchmark@oliverwyman.com