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We understand that uncertainty is stressful and that demand is high for information and insight. As developments related to COVID-19 continue to evolve, we are making every effort to keep you informed of the virus’s impact on the property and casualty industry, to provide guidance on actions to consider and to offer tools you can use with your clients and employees.
Please read through the information below related to COVID-19. The latest information will be posted daily to NFP.com Latest Insights page. If you have any questions, reach out to your NFP contact.
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NEW RESOURCES |
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It’s Here: COVID-19 Cost Impact Modeling Tool |
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COVID-19 has had a tremendous impact on people and businesses throughout the world. NFP has developed the COVID-19 Cost Impact Model to assist employers in determining the cost impact of the disease on their medical claims. Although data are still emerging and the true cost impact will not be known for months, this model helps give employers a rough estimate of the costs. This new tool is now available. Stay tuned for more information from your advisor. |
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WEBINARS |
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Webinar recordings and a copy of the slides will be sent via email to call registrants and participants 4-6 hours after the webinar and will be posted to the NFP.com Latest Insights page. Materials will also be included in the Property and Casualty COVID-19 report emails sent every Monday.
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Return to Work Series Continues
Monday, May 18
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Recalibrating Work and Health in the New Normal:
Challenges and Practical Guidance
– Monday, May 18, at Noon ET |
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Technical Information
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All property and casualty webinars are hosted on Zoom. Prior to the webinar, you can join a test Zoom meeting to familiarize yourself with Zoom and test your speakers.
You may follow this link for Zoom’s instructions on how to test your system.
Questions? Contact your NFP contact or propertycasualty@nfp.com.
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VIDEOS / PODCASTS |
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In this episode, special guest Geoff Seibel, VP of Actuarial Services at NFP, joins Chase Cannon to discuss the impact of COVID-19 on fully and self-insured plan costs. Geoff starts by addressing the cost impact for fully insured plans, including differences for small and large group markets. Chase and Geoff then discuss actual COVID-19-related costs, including the difference in costs for COVID-19 patients who are hospitalized and those who are placed in the ICU. Geoff explains the differences in averages across the general population versus employer groups, and the differences between explicit and implicit costs (and how both impact overall costs). Geoff and Chase close by discussing best methods for tracking changes (since models and costs change daily) and how modeling tools and other resources can help employers better understand impacts on their own populations and plans.
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GOOD NEWS |
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CORPORATE BENEFITS / INDIVIDUAL SOLUTIONS |
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Interested in updates on NFP’s other lines of business?
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5/18/20 20-FPC-GEN-GEN-0221
This information has been provided as an informational resource for NFP clients and business partners. It is intended to provide general guidance, and is not intended to address specific risk scenarios. Regarding insurance coverage questions, each specific policy must be reviewed in its entirety to determine the extent, if any, of coverage available for the impact of the Coronavirus. If you have questions, please reach out to your NFP contact.
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