Allied World Bermuda launches healthcare product

Allied World Bermuda, part of Allied World Assurance Company Holdings, has launched a new Accountable Care Organisation (ACOs) liability solution product.

The product provides coverage for ACOs which are newly emerging healthcare organisations characterised by a payment and care delivery model that ties provider reimbursements to quality of care metrics and reductions in the total cost of care for an assigned population of patients.

Last year Allied World launched an ACO product for the US market for companies of any size or make-up, and this year our Bermuda ACO product has been created for the Bermuda-centric healthcare clients who plan to maintain the working layer of the ACO risk – at least $1,000,000 – and are looking to secure excess capacity in the marketplace.