Critical Information for the Life, Accident & Health Insurance Market
Industry News                                          April 9, 2020
Corona Virus COVID-19 Update - Special Addition

All of your latest updates in the Life and Health insurance industry in regards to COVID-19 testing, treatment, benefits, insurtech opportunities, financial support, and more.
Healthcare :

Carriers are waiving cost-sharing associated with Covid-19 treatment including Molina Healthcare, Humana, Florida Blue, Cigna, BlueCross, Anthem, and more.

GoodRx healthcare marketplace announces their new GoodRx telehealth marketplace to help Americans find telehealth services and treatments they need.

Humana announces it's taking steps to help increase capacity for Covid-19 treatment by lifting administrative requirements and allowing for settings to be adjusted as needed to include home health, skilled nursing facilities, and others.

United Health Foundation, Molina Healthcare, Humana, and Alignment Healthcare provide contributions and efforts to support local and national coronavirus relief and recovery.
Life Insurance:

Haven Life launches their new initiatives, including new data sets, underwriting algorithms, and data review, to help more applicants obtain life insurance coverage without an exam during the pandemic crisis.

Principal Financial Group announces it will help their customers through the Covid-19 crisis by waiving certain fees based on the recent CARES Act, extending grace periods, temporarily deferring rate increases, and eliminating some underwriting requirements through digital health data where possible.

Many companies are providing financial and other support in coronavirus pandemic relief and recovery including Lincoln Financial Group, Voya, Sun Life, and MetLife.
InsurTech:

Priority Health launches their new virtual resources, including their  Employer Decision Guide and new screening bot, supporting both employers and members amid the Covid-19 crisis.

Sargas announces it's remote monitoring platform to monitor Covid-19 positive patients' vitals while home in isolation.
Industry Updates:

AM Best continues to update their new web page,  www.ambest.com/about/coronavirus.html , as well as NAIC, https://content.naic.org/naic_coronavirus_info.htm, dedicated to all recent pandemic-related industry analysis and updates.
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