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The Medical Malpractice Market: What MPL Consumers Need to Know and Understand

Feature
Article
Medical Economics JournalMedical Economics December 2023
Volume 100
Issue 12

The medical professional liability (MPL) market is undergoing significant changes, with rising premiums and tightening underwriting standards. In Session 4, uncover the factors driving this hard market cycle and understand how MPL insurance carriers adapt under these conditions. Delve into the world of MPL reinsurance and its impact on coverage availability and costs. Get expert predictions on when the market may shift back to a softer phase. Stay informed to protect your practice and assets.

The medical professional liability (MPL) market continues to see increasing premiums, tightening underwriting requirements and generally challenging conditions. Join experts with ISMIE to find out what’s driving today’s market conditions, how this “hard market” cycle differs from the last and when conditions may begin to change.

Learning Objectives

  • Understand what factors currently are impacting today’s MPL market.
  • Learn how MPL insurance carriers underwrite differently during “hard market” conditions.
  • Discover how the hardening MPL market impacts the reinsurance market – and how reinsurance affects the cost and availability of MPL coverage.
  • Hear predictions on how much longer the market will remain hard before we see a return to softer market conditions.