2017 year-end financial results for medical professional liability specialty writers show continued profitability

In 2017, the medical professional liability market experienced another profitable year—with increases in net income and surplus relative to 2016, driven by promising investment performance. Favorable reserve development on prior coverage years still contributes a large portion to the healthy bottom line, as it has for more than a decade, and the decline in direct written premium has slowed. Milliman’s Eric Wunder and Brad Parker offer some perspective in this article.