January 14, 2008
| Contact: | Anne Steinberg Kitchen Public Relations, LLC 212-687-8999 anne@kitchenpr.com |
Conning Research: Medical Malpractice Poised for Long-Term Stability
Hartford, CT, January 14, 2008 - Medical Malpractice insurance has been stable since its last market disruption in the early 2000s and is now poised for continued profitable growth, according to a new study by Conning Research and Consulting, Inc.
"The medical malpractice industry has changed structurally since the market crisis of the early 2000s, and is poised for long-term profitable growth," said Mark Jablonowski, analyst at Conning Research & Consulting. "Yet the industry has been here before, with brief episodes of profitability that disintegrate into severe unprofitability. Achieving long-term growth will depend on insurers' ability to maintain a commitment to adequate pricing and careful underwriting of this highly specialized line."
The Conning Research study, "Medical Malpractice: Getting Ahead of the Curve" reviews the industry's financial results, structural shifts, management issues and projections.
"Medical malpractice insurance is now an industry dominated by specialist companies, often in the form of physician-owned mutuals," said Stephan Christiansen, director of research at Conning. "This emphasis on specialization allows insurers to control losses better, identify loss trends, and moderate market swings. Yet this specialization also increases state concentration, and the potential for more dramatic competitive interactions-both positive and negative."
"Medical Malpractice: Getting Ahead of the Curve" is available for purchase from Conning Research & Consulting, by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.
About Conning Research & Consulting, Inc.
Conning provides insurance industry analysis to insurers and industry stakeholders. The Conning name has represented excellence in independent insurance industry research for 50 years. As a result of its wealth of experience and intimate knowledge of the insurance industry, Conning understands industry challenges and opportunities and provides in-depth insights and analyses on a wide range of industry products and issues. Conning is headquartered in Hartford, CT.
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