The U.S. medical professional liability insurance (MPLI) market saw an improvement in financial performance in 2021 but its combined ratio remained an unprofitable 108 and a return to profitability in unlikely, said Fitch Ratings.
Fitch said it expects results to improve in 2022 on the back on premium growth but “the competitive nature of the MPLI market, and uncertainty on incurred-loss experience from economic volatility, higher inflation and any post-pandemic revival of litigation activity” remain as challenging headwinds.
