Financial Services Industry
Industry: Email Alert RSS FeedMedical malpractice insurance, 1993-2002
Risk & Insurance, April 1, 2004
Medical Malpractice Insurance, 1993-2002
Net Annual Annual
Premiums Percent Combined Point
Year Written (1) Change Ratio (2) Change
1993 $4.52 B N A 108.0 N A
1994 4.90 8.4 96.4 -11.6 pts
1995 4.81 -1.9 99.8 3.4
1996 4.95 2.9 106.6 6.8
1997 4.89 -1.2 107.9 1.3
1998 5.14 5.2 115.7 7.8
1999 5.10 -0.8 129.7 14.0
2000 5.58 9.4 133.8 4.1
2001 6.07 8.7 154.2 20.4
2002 7.04 16.0 140.8 -13.4
(1) After reinsurance transactions, including state funds.
(2) After dividends to policyholders. A drop in the combined
ratio represents an improvement; an increase represents a
deterioration.
Source: A.M. Best Co. Inc., Insurance Information Institute
Fact Book 2004.
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