A recent report from insurance company Beazley showed that 76 percent of digital health companies had not purchased a single tailored insurance policy.
The report also showed that 72 percent of digital health firms are reporting growth and 99 percent are planning for expansion. The two most significant risk factors cited by digital health companies are cyber and regulatory risk, according to the Sept. 23 report.
"COVID-19 has transformed the global appetite for digital health and wellness services," Jennifer Schoenthal, global virtual care product leader at Beazley, said. "This, along with associated shifts in public health policy in almost every country, have made it easier for people to access health services online. Against this backdrop, every aspect of digital health and wellness services, including telehealth, telemedicine, mHealth, HealthTech software platforms and life sciences technology, have grown fuelled by a solid track record of innovation, a wave of fresh capital, international expansion plans and patient/customer demand."
The report was based on a survey of 300 digital health leaders.