On the
PULSE
AUTUMN 2024
Newline Group's Medical Malpractice Newsletter
Contents
Welcome to the Autumn 2024 Edition of
Shifting Regulatory Landscape in the Aesthetics Industry
AI in the Healthcare Sector – A Practical Guide to Risk
Our Culture of Giving
How Our Products Can Help You
© Newline Underwriting Management Limited 2024 - 10/24. Newline Underwriting Management Limited and Newline Insurance Company Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
WELCOME
In recent years, the COVID-19 global pandemic brought significant global challenges; consequently, healthcare organisations around the world needed to quickly adapt to the new normal. Four years later, we are now in the post-COVID era and attention has returned to how healthcare systems can provide a more efficient, safer service to patients. As patient backlogs persist, streamlining systems, enhancing quality and seeking out other efficiencies has become increasingly crucial for healthcare industries worldwide.
One solution that could help provide more efficient healthcare is artificial intelligence (AI). AI engenders excitement and hope, as well as trepidation and uncertainty in equal measure. One particular challenge will be legal liability, especially as AI becomes more integrated into healthcare. This topic is the focus of our first article. The second article comments on another rapidly growing sector — the aesthetics and beauty industry. We explore how the UK government is looking to improve patient safety outcomes through stricter regulation, and what the potential impacts may be on both consumers and businesses in this sector.
We also bring you news of Odyssey Group’s charitable endeavours, as well as a reminder of how our Medical Malpractice product and the team here at Newline can help your business.
A Practical Guide to Risk
Simon Johnson
That will never
I recall emerging from an Odeon cinema onto the Holloway Road in 2001, having just watched a movie about a childlike android called David who had been programmed to experience love. The film? Spielberg's Artificial Intelligence. My review? That will never catch on.
Artificial Intelligence in Healthcare Sector
Fast forward to 2024. Artificial Intelligence (AI) – the use of digital technology to create systems capable of performing tasks commonly thought to require human intelligence – is absolutely everywhere.
catch on.
FOR MORE
As the aesthetics industry has snowballed, contributing £24.5 billion to GDP in 2022, so have the calls for stricter regulation on the practitioners and premises undertaking cosmetic procedures. This pressure resulted in Section 180 of the Health and Care Act 2022, which gives the Secretary of State powers, subject to required consultation, to prohibit practitioners and premises from carrying out specified cosmetic procedures in England unless they have an appropriate licence.
FOR MORE
The shifting regulatory landscape
in the aesthetics industry
billion to GDP 2022
£24.5
Health & Care Act 2022
180
Section
Meet Our
Team of Professionals
At Newline Group, we possess the knowledge and experience to meet the challenging demands of insureds, both large and small, offering solid security and tailored coverage. Please feel free to contact one of our Medical Malpractice team members with any product enquiries you might have.
Richard James
Head of Medical Malpractice
T: +44 207 090 1844
Email: rjames@newlinegroup.com
Wai Chan
Underwriter
T: +44 207 090 1896
Email: wchan@newlinegroup.com
Manuela Vanacore
Senior Underwriter
T: +44 207 090 1884
Email: mvanacore@newlinegroup.com
LONDON
We hope you enjoy reading this edition and look forward to working with you in the future!
Meet Our Team of Professionals
We now have a Government Consultation to change the authori-sation into a detailed licencing scheme. The Government's Consultation was first undertaken in Autumn 2023 and the results are presently in the course of being reviewed, alongside liaison with expert groups. We are unlikely to see finalised regulation until mid-2026.
On the Pulse
The Odyssey Group Foundation was formed in 2007 to provide funding to charitable organisations active in communities in which Odyssey Group employees live and work, as well as to charitable organisations dedicated to worldwide disaster relief. Since its inception, the Foundation and its business affiliates have pledged more than USD 85 million to over 550 charities around the world.
$85 MILLION
550+ CHARITIES
How Our Products Can Help You
As a recognised market leader in Medical Malpractice Liability Insurance, we have the knowledge and experience to meet the challenging demands of insureds, both large and small, offering solid security and tailored coverage.
Medical Malpractice is underwritten on a claims-made basis and costs can be inclusive or in addition to the liability limit depending on the jurisdiction. We underwrite business on a worldwide basis, excluding only those risks domiciled in the United States, or where subjected to applicable sanctions or restrictions. Target risks include:
Independent or Private hospitals
Minor, intermediate or major surgical clinics
Specialist clinics
Non secure mental health entities
Practitioner groups – alternative, complementary and associated healthcare practitioners.
Aesthetic and beauty clinics and practitioners
Medical charities
General health advice centres
Newline Group is willing to package Medical Malpractice with other coverages, including Third-Party Liability, Employers' Liability, Professional Indemnity, among others, to create bespoke package policies.
Newline Group is part of Odyssey Group Holdings, Inc., whose companies are collectively known as Odyssey Group. With a network of more than 30 offices, Odyssey Group is a global enterprise committed to providing local service. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited.
About Newline Group
The information contained in this document is for general information only and is not intended to constitute an offer, advice or modify the terms of any insurance policy.
Newline Group is a market leading specialty insurance group that operates through three underwriting platforms, Newline Syndicate 1218 at Lloyd’s, Newline Insurance Company Limited and Newline Europe Versicherung AG. Headquartered in London, with offices in the United Kingdom, Europe, Asia, Australia, Canada and Latin America.
Newline Group underwrites international casualty, cargo and specialty lines of business in more than 80 countries around the world.
Newline Group is part of the Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited. For more information, visit newlinegroup.com.
About Newline Group
Underwrites international casualty, cargo & specialty lines of business...
...in more than 80 countries around the world.
James Beagley
Assistant Underwriter
T: +44 207 090 1968
Email: jbeagley@newlinegroup.com
Chris Sowerby
Underwriter
T: +44 207 090 1846
Email: csowerby@newlinegroup.com
to the return of On the Pulse.
Our Culture of Giving
On the
PULSE
Newline Group's Medical Malpractice Newsletter
AUTUMN 2024
About Newline Group
Meet Our Team of Professionals
How Our Products Can Help You
Our Culture of Giving
AI in the Healthcare Sector – A Practical Guide to Risk
Shifting Regulatory Landscape in the Aesthetics Industry
Welcome to the Autumn 2024 Edition of
On the Pulse
Contents
© Newline Underwriting Management Limited 2024 - 09/24. Newline Underwriting Management Limited and Newline Insurance Company Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
The information contained in this document is for general information only and does not constitute advice. It shall not modify the terms of any insurance policy.
We hope you enjoy reading this edition and look forward to working with you in the future.
We also bring you news of Odyssey Group’s charitable endeavours, as well as a reminder of how our Medical Malpractice product and the team here at Newline can help your business.
One solution that could help provide more efficient healthcare is artificial intelligence (AI). AI engenders excitement and hope, as well as trepidation and uncertainty in equal measure. One particular challenge will be legal liability, especially as AI becomes more integrated into healthcare. This topic is the focus of our first article. The second article comments on another rapidly growing sector — the aesthetics and beauty industry. We explore how the UK government is looking to improve patient safety outcomes through stricter regulation, and what the potential impacts may be on both consumers and businesses in this sector.
In recent years, the COVID-19 global pandemic brought significant global challenges; consequently, healthcare organisations around the world needed to quickly adapt to the new normal. Four years later, we are now in the post-COVID era and attention has returned to how healthcare systems can provide a more efficient, safer service to patients. As patient backlogs persist, streamlining systems, enhancing quality and seeking out other efficiencies has become increasingly crucial for healthcare industries worldwide.
WELCOME
to the return of
On the Pulse.
FOR MORE
As the aesthetics industry has snowballed, contributing £24.5
billion to GDP in 2022, so have the calls for stricter regulation on the practitioners and premises undertaking cosmetic procedures. This pressure resulted in Section 180 of the Health and Care Act 2022 which gives the Secretary of State powers, subject to required consultation, to prohibit practitioners and premises from carrying out specified cosmetic procedures in England unless they have an appropriate licence.
We now have a Government Consultation to change the authori-sation into a detailed licencing scheme. The Government's Consultation was first undertaken in Autumn 2023 and the results are presently in the course of being reviewed, alongside liaison with expert groups. We are unlikely to see finalised regulation until mid-2026.
Health & Care Act
2022
180
Section
billion to GDP
£24.5
2022
The shifting regulatory landscape
in the aesthetics industry
A Practical Guide to Risk
Artificial Intelligence in Healthcare Sector
Simon Johnson
That will
never
catch on.
I recall emerging from an Odeon cinema onto the Holloway Road in 2001, having just watched a movie about a childlike android called David who had been programmed to experience love. The film? Spielberg's Artificial Intelligence. My review? That will never catch on.
Fast forward to 2024. Artificial Intelligence (AI) – the use of digital technology to create systems capable of performing tasks commonly thought to require human intelligence – is absolutely everywhere.
FOR MORE
Newline Group is part of Odyssey Group Holdings, Inc., whose companies are collectively known as Odyssey Group. With a network of more than 30 offices,
Odyssey Group is a global enterprise committed to providing local service.
Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited.
The Odyssey Group Foundation was formed
in 2007 to provide funding to charitable
organisations active in communities in which
Odyssey Group employees live and work, as
well as to charitable organisations dedicated
to worldwide disaster relief. Since its inception,
the Foundation and its business affiliates have
pledged more than USD 85 million to over 550
charities around the world.
How Our Products Can Help You
Newline Group is willing to package Medical Malpractice with other coverages, including Third-Party Liability, Employers' Liability, Professional Indemnity, etc., to create bespoke package policies.
Independent or Private hospitals
Minor, intermediate or major surgical clinics
Specialist clinics
Non secure mental health entities
Practitioner groups – alternative, complementary and associated healthcare practitioners.
Aesthetic and beauty clinics and practitioners
Medical charities
General health advice centres
Medical Malpractice is underwritten on a claims-made basis and costs can be inclusive or in addition to the liability limit depending on the jurisdiction. We underwrite business on a worldwide basis, excluding only those risks domiciled in the United States, or where subjected to applicable sanctions or restrictions. Target risks include:
As a recognised market leader in Medical Malpractice Liability Insurance, we have the knowledge and experience to meet the challenging demands of insureds, both large and small, offering solid security and tailored coverage.
$85 MILLION
550+ CHARITIES
James Beagley
Assistant Underwriter
T: +44 207 090 1846
jbeagley@newlinegroup.com
Chris Sowerby
Underwriter
T: +44 207 090 1846
csowerby@newlinegroup.com
Wai Chan
Underwriter
T: +44 207 090 1896
wchan@newlinegroup.com
Manuela Vanacore
Senior Underwriter
T: +44 207 090 1884
mvanacore@newlinegroup.com
Richard James
Head of Medical Malpractice
T: +44 207 090 1844
rjames@newlinegroup.com
LONDON
Meet Our
Team of Professionals
At Newline Group, we possess the knowledge and experience
to meet the challenging demands of insureds, both large and
small, offering solid security and tailored coverage.
Please feel free to contact one of our Medical Malpractice
team members with any product enquiries you might have.
About Newline Group
Newline Group is a market leading specialty insurance group that operates through three underwriting platforms, Newline Syndicate 1218 at Lloyd’s, Newline Insurance Company Limited and Newline Europe Versicherung AG. Headquartered in London, with offices in the United Kingdom, Europe, Asia, Australia, Canada and Latin America.
Newline Group underwrites international casualty, cargo and specialty lines of business in more than 80 countries around the world.
Newline Group is part of the Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited. For more information, visit newlinegroup.com.
Underwrites international casualty, cargo & specialty lines of business...
...in more than 80 countries around the world.