Tag Archives: Eric Wunder

Midyear 2018 financial results for composite of medical professional liability specialty writers

In this article, Milliman’s Eric Wunder and Brad Parker summarize some key financial results for a composite of medical professional liability specialty writers through the second quarter of 2018. The 12-year decline in direct written premium finally reversed course in the first quarter of 2018 and second quarter premium levels have followed suit. The composite brought in $102 million (3.6%) more premium through six months than through the first six months of 2017. This is the largest year-over-year increase in written premium since December 2005.

This article was originally published in the September 2018 issue of Medical Liability Monitor.

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.

Has the MPL specialty industry reached its peak in financial strength ratings?

The profitability experienced by the medical professional liability (MPL) industry since the mid-2000s, and the resulting strengthening of balance sheets, has not gone unnoticed by A.M. Best. This article by Milliman’s Eric Wunder and Sarah Rice examines the A.M. Best financial strength ratings as well as A.M. Best’s outlook for MPL specialty insurers.

This article was originally published in the 2018 First Quarter issue of Inside Medical Liability.

Midyear 2017 financial results for medical professional liability specialty writers

This article by Milliman consultants Eric Wunder and Brad Parker summarizes some key financial results for a composite of medical professional liability specialty writers through the second quarter of 2017. The decline in premium isn’t slowing down, and favorable reserve runoff from prior years is providing less financial relief. Future investment results look promising.

This article was originally published in the September 2017 issue of the Medical Liability Monitor.

First quarter financial results for medical professional liability specialty writers

This article by Milliman’s Eric Wunder and Brad Parker summarizes key financial results for medical professional liability writers from the first quarter of 2017. First-quarter premiums declined for the 11th consecutive year, dropping below the $2 billion mark for the first time since 2002. The 3.1% decrease relative to Q1 2016 is consistent with the average annual decrease seen during the past five years.

This article was originally published in the July 2017 issue of the Medical Liability Monitor.

First quarter financial results for medical professional liability specialty writers

The medical professional liability (MPL) market began 2016 experiencing similar trends to those seen in recent years. The first quarter of 2016 has seen the market maintain favorable calendar-year financial results despite declining premium volume and steadily increasing operating ratios. If the historical relationship between first quarter and year-end holds, MPL speciality writers can expect weaker financial results, compared with recent years, yet still an overall profitable year. This article by Milliman’s Brad Parker and Eric Wunder provides more perspective.

This article was originally published in the July 2016 issue of the Medical Liability Monitor.