Consolidation is changing the way health care providers do their jobs and is challenging medical professional liability writers to adapt to an evolving environment. For insurers that underwrite a lot of individual doctors, such as physician-owned insurance companies, a new phenomenon is that their client base is shrinking as doctors opt to become employees of hospitals.
Ironshore is seeing more business in 2012, and getting pricing power on 75 percent of it, according to the company’s chief executive, who attributes increased account flow to a multi-channel distribution strategy that’s heavily retail.
Ironshore distinguishes itself in the industry by closely aligning our claim professionals with members of the underwriting, actuarial and finance teams. This is our way of ensuring that the people who make the promises, keep the promises and that our policyholder claims are handled in a professional and expeditious manner.