In this article, we review key financial results for 2020 for the medical professional liability (MPL) market. The article appeared in second quarter issue of Inside Medical Liability, a publication of the Medical Professional Liability Association. The data derive from a composite of 54 of the largest specialty writers of MPL coverage. We discuss how the market faces uncertainty, with insurers facing a multitude of risks. Using statutory data obtained from S&P Global Market Intelligence, we have compiled financial metrics for the industry based on:
- Written premium
- Overall operating results
- Reserve releases
- Capitalization
- Policyholder dividends
This article was published in the second quarter 2021 issue of Inside Medical Liability.