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Best’s News & Research Service - June 16, 2022 11:13 AM (EDT)

Best’s Rankings: US Medical Profesional Liability Direct Premiums Written Increased 10% in 2021

OLDWICK, N.J. //BestWire// - Direct written premiums for U.S. medical professional liability insurers increased 10% to $11.2 billion in 2021, as the top 100 carriers saw a 9.9% growth in that figure to $10.9 billion, according to a new Best’s Rankings report.

Berkshire Hathaway Insurance Group topped the list with $1.9 billion in direct premiums written, up 13.4%.

Just four of the top 25 MPL insurers posted drop in direct premiums written for 2021, with MCIC Vermont registering the largest decrease of 9.4% to $384.99 million, according to the ranking. No. 9-ranked Chubb INA Group saw the largest increase of that group, with its its DPW of about $201.44 million seeing a gain of 33.2% from a year earlier a it moved up from 13th-place.

The three-page report lists the top 100 U.S. MPL writers, 2021 direct premiums written and change from 2020, market share and adjusted loss ratios for 2019-2021 and the share of MPL in the companies’ total book of business.

Subscribers can access the report and data.

Learn more about Best’s News and Research Service.

(By Terrence Dopp, senior associate editor, Best’s Review:

Best's Rankings Medical Professional Liability

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