PIAA Reserve and Profitability Update

In our fourth annual review of the Physician Insurers Association of America (“PIAA”) companies, BMS continues to look at:

1.   how the profitability of member companies has changed over the past decade;

2.   the profitability of their current business;

3.   the level of redundancies in loss and loss adjustment expense reserves that has been released in recent years; and

4.   how much redundancy remained as of December 31, 2013.

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Inside Medical Liability Magazine – Dave Spiegler

BMS’ Chief Actuary Dave Spielger featured in PIAA’s Inside Medical Liability, 4th Quarter edition, discussing the MPL Sector.

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Reprinted from the fourth Quarter 2013 issue of Inside Medical Liability, Physician Insurers Association of America. Copyright, 2013.

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PIAA Analysis – Unique Update Review

Dave Spiegler, EVP and Head Actuary at BMS, updates his unique analysis report on the profitability of the Physician Insurers Association of America (PIAA) companies and what it means for the MPL market.

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Analytical Feature: Physician Insurer

Dave Spiegler, EVP & Chief Actuary and Mike Larson, EVP, featured in the Foresight feature in the Physician Insurer –  debating the interplay between the financial markets, medical professional liability (MPL) insurance companies’ rates and reserves and how MLP companies should be preparing for the next stage of the insurance cycle.

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Reprinted from the fourth Quarter 2011 issue of Physician Insurer Magazine, Physician Insurers Association of America. Copyright, 2011.

The MPL Market – What’s the Prognosis?

Since 2006 the Medical Professional Liability (MPL) market has become increasingly competitive, but it remains both healthy and profitable, particularly when compared to other casualty lines. The key challenge faced by the Physician Insurers Association of America (PIAA) member companies is whether they can reverse the declining trend in profitability before the market hits the unprofitable levels experienced in the early 2000’s.

BMS’s recent analysis looks at the results of PIAA member companies (who make up more than 50% of the MPL market) from 2001 – 2010 to look at where results have been and where they might be heading.

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