The June 2025 edition of the report, “Medical Professional Liability Industry Overview & Analysis,” shows the MPL insurance sector’s combined ratio increased from 101.4% in 2023 to 103.0% in 2024. This marks the 11th consecutive year the industry has recorded an underwriting loss. However, there were factors external to the industry that have to be considered in order to paint the entire picture of the MPL industry’s performance.
According to MPL Association Vice President of Research & Analytics, Bill Burns, lead author of the report, “Although the industry again recorded a combined ratio in excess of 100%, written premiums grew 5.1%, with hospitals premiums increasing almost 9%. The industry has also reduced the relevance of favorable loss reserve development on underwriting performance while benefiting from higher yields on bonds.”
In addition to assessing underwriting and operating results, the report examines growth in direct premiums written across physicians, hospitals, other healthcare professionals, and other facilities. The report further examines expense ratios, dividends paid to policyholders, and tort reforms.
The report is available for download on the Association’s website.