Insurance brokerage firm Lockton has reached an agreement with Vizient Insurance Services to offer a range of insurance products and services to Vizient members.
As per the terms of the deal, Lockton will provide property and casualty (P&C) insurance plans and related insurance services to Vizient members’ organisations from 1 July.
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Lockton will also provide a portfolio of carrier direct, “open broker” coverage programme that comprises cyber liability, executive liability, hospital professional liability, independent physician medical malpractice and worker’s compensation.
Vizient senior director of insurance services Mark Stenmark said: “We are absolutely thrilled to have Lockton Companies’ national health care expertise focused on developing programs that bring coverage enhancements that close gaps and deliver strong value for our members’ risk management teams.”
Additionally, Lockton Companies collaborate with insurance carriers to offer value-added education, services and tools to participating Vizient members so that they can better manage risk and potential losses.
Lockton director of strategic consulting Vincent Gaffigan stated: “The health care space continues to evolve rapidly, placing a premium on the development of new products and services.
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By GlobalData“Lockton’s leadership in the industry provides us with the ability to help Vizient offer impactful P&C programs for its members.”
Vizient operates as one of the largest member-driven health care performance improvement firms in the US.
