The shift from single or small groups of physicians’ practice to multispecialty and multistate physician networks and hospitals will likely drive a change in the Medical Professional Liability (MPL) insurance sector, according to Moody’s Investors Service.
Alan Murray, vice president at Moody’s and author of the report, says there will be a “shift in market share toward MPL (also known as Medical Malpractice) insurers with multispecialty and multistate underwriting and claim-servicing capabilities for both individual medical practitioners and institutional health-care organizations over time.”
Health care is becoming more institutional in its delivery of services and “more corporate in its oversight and governance,” says the report. Given the difference in coverage needs for individual medical professionals and institutional providers, “Moody’s finds that the participation in the MPL sector by specialty MPL underwriters—for whom the MPL line is their predominant business line—is more significant in the individual practitioner and small-to-medium group market.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
