Medical Malpractice
M&A’s consultants have over twenty years of medical malpractice insurance consulting experience involving both private insurance companies and insurance regulatory bodies in numerous states. We have provided actuarial consulting to more than twelve professional liability entities including several physician-focused insurance companies. The services we have provided include:
- Product development and rate analysis
- Rate filing support
- Product pricing
- Analyses of loss and loss expense reserves
- Providing statutory statements of actuarial opinion
- Regulatory compliance
- Modeling impact of potential policy coverage changes
- Guidance in rating and underwriting large accounts
Our consultants are also experts in the formation of new medical malpractice insurance companies. Our start-up work involves the items mentioned above as well as:
- Review and evaluation of our client’s business models
- Assistance with business plan and regulatory application documents
- Drafting of rating manual and establishment of initial rate levels
Our extensive knowledge of the medical malpractice industry is augmented by our in-depth understanding of the regulatory aspects of medical malpractice insurance. Our work on this side of the medical malpractice industry includes:
- Financial examinations involving medical malpractice reserves.
- In-depth work assisting the West Virginia Insurance Commission, Governor’s office, and State Legislature with the creation of a new medical malpractice program.
- Performing studies for Wyoming and Mississippi related to the possible formation of medical malpractice joint underwriting associations.
- Expert testimony at medical malpractice rate hearings.