Tag Archives: Richard Lord

The medmal sweet spot—for now

National Underwriter picks up on the state of the medical professional liability insurance market in a new article by Richard Lord and Stephen Koca. Here is an excerpt:

Medical professional liability insurers are at a sweet spot in their underwriting cycle. For insurers, it’s a place where loss ratios are low, capital is plentiful—and in this case premiums, though under pressure, are only slightly off their peak.

But as any athlete knows, maintaining momentum is a tough proposition, and clear signs of a turn in fortune are already evident. They can be found in the somewhat overlooked corner of insurance known as loss reserves.

Read the full article here to better understand the challenge insurers face in maintaining this momentum.

How long can profit continue for medical professional liability insurers?

The medical professional liability (MPL) insurance industry is currently enjoying an extended period of profitability, with ample capital and a near-record-low loss ratio. But legal and regulatory developments, along with the continued cycles in the market itself, could work to change the MPL situation. Understanding the effects of past underwriting results, claim frequency and severity, pricing, and investment income can provide valuable insights into what the future holds for the MPL industry.

Read the article from the Physician Insurer here.