Understanding the market cycle: Profitability reigns—but for how long?

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By Richard B. Lord, Stephen J. Koca | 26 August 2010

The medical professional liability (MPL) insurance industry is currently enjoying an extended period of profitability, with ample capital and a near-record-low loss ratio. But legal and regulatory developments, along with the continued cycles in the market itself, could work to change the MPL situation. Understanding the effects of past underwriting results, claim frequency and severity, pricing, and investment income can provide valuable insights into what the future holds for the MPL industry.

Reprinted from the Third Quarter 2010 issue of Physician Insurer magazine, Physician Insurers Association of America. Copyright 2010.