MedPro Group
MedPro Group is a Berkshire Hathaway-owned U.S. medical malpractice insurer founded in 1899, underwriting occurrence and claims-made policies for physicians, dentists, healthcare professionals, hospitals, and senior care facilities across all 50 states and select international markets.
- Company typePrivate
- Founded1899
- HeadquartersFort Wayne, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What MedPro Group does
MedPro Group (legal entity: MedPro Group Inc., operating through The Medical Protective Company and four other licensed carriers) is a U.S. healthcare professional liability insurance carrier founded in 1899 in Fort Wayne, Indiana, and wholly owned by Berkshire Hathaway since 2005. The company underwrites medical malpractice coverage for physicians and surgeons, dentists, chiropractors, advanced practice providers (NPs, PAs, CRNAs), hospitals and other healthcare facilities, and senior care operators across all 50 U.S. states, with selective international expansion since 2013 through other Berkshire affiliates. Coverage is offered as either occurrence or claims-made policies, with tail coverage available for the latter; sub-brands include MedPro Dental (45,000+ insured dentists), ChiroPreferred, Princeton Insurance (New Jersey), PLICO (Oklahoma), and adjacent subsidiaries Wellfleet (student health) and Attorney Protective (legal malpractice).
Revenue mechanics are driven by recurring annual malpractice insurance premiums on a 300,000+ insured base, producing approximately $2.5 billion in annual premium and a $7.5 billion float of invested reserves that supports investment income. Distribution is multi-channel: direct online quoting and binding, an independent agent/broker channel, and an enterprise field sales motion targeting hospitals and large group practices. Differentiated claims defense (90% trial win rate, 80% of claims closed without payment) and in-house risk consulting staffed by senior consultants averaging 25+ years of experience are core value drivers. Technology is a conventional underwriting, quoting, policy administration, and claims reporting stack rather than an AI-native platform. Strategic positioning is anchored by Berkshire's permanent capital and A++ AM Best / AA+ S&P financial strength ratings, which underpin customer trust, pricing flexibility, and the ability to write long-tail occurrence coverage.
MedPro Group firmographics
Firmographics- Name
- MedPro Group
- Legal name
- MedPro Group Inc.
- Website
- https://medpro.com
- Company type
- Private
- Founded year
- 1899
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- MedPro Group is a Berkshire Hathaway-owned U.S. medical malpractice insurer founded in 1899, underwriting occurrence and claims-made policies for physicians, dentists, healthcare professionals, hospitals, and senior care facilities across all 50 states and select international markets.
- Ownership category
- akta.pro rank
MedPro Group industry classification
Industry- Product category
- Medical Malpractice Insurance
- NAICS
- Health Care and Social Assistance (62)
- SIC
- Hospital & Medical Service Plans (6324), Services-Health Services (8000)
- akta.pro primary industry
- Healthcare Professional Liability (Med Mal) (FSAJAGAE)
- akta.pro secondary industry
- Medical Malpractice Reinsurance (FSAOADAJ)
Keywords
Where MedPro Group is headquartered
LocationHeadquarters
- HQ city
- Fort Wayne
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MedPro Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Malpractice Insurance Premiums: Recurring premiums from occurrence and claims-made malpractice insurance policies for healthcare professionals including physicians, dentists, chiropractors, and facilities. Premium pricing varies by profession, location, coverage type, and claims history.
- Annual Premium Revenue: $2.5 billion in annual premium with $7.5 billion in float (invested reserves)
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Malpractice Coverage |
| Other | One time/ perpetual license | Tail Coverage (for Claims-made policies) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
MedPro Group product offering
Product offeringCore offering
MedPro Group provides medical malpractice insurance and related risk management services to healthcare professionals and facilities across the United States. The company offers occurrence and claims-made policy forms, in-house claims defense with a network of top attorneys and expert witnesses, risk consultation services, and continuing education programs. Coverage is provided through multiple carrier entities under specialized sub-brands for physicians, surgeons, dentists, chiropractors, hospitals, senior care facilities, and other healthcare providers.
Product overview
MedPro Group offers a comprehensive suite of medical malpractice insurance products and risk management services. The core offering is their malpractice insurance available in two policy types: Occurrence coverage (providing indefinite protection for incidents during the policy period) and Claims-made coverage (requiring tail coverage after termination). The company operates multiple specialized sub-brands including MedPro Dental (for dental professionals), ChiroPreferred (for chiropractors), Wellfleet (accident and health insurance for educational institutions), and Attorney Protective (for attorneys). The portfolio also includes acquired regional insurers Princeton Insurance Company (New Jersey) and PLICO (Oklahoma), along with service offerings such as risk consultations and continuing education courses for premium credits. All products are backed by Berkshire Hathaway and administered through various carriers including The Medical Protective Company and MedPro RRG Risk Retention Group.
Differentiator
Problem solved
Functional benefit
Brands
- ChiroPreferred: Malpractice insurance program for chiropractors underwritten by MedPro Group
- MedPro Dental
- Wellfleet
- Attorney Protective
Products and services
- Medical Malpractice Insurance Core medical malpractice insurance product providing professional liability coverage for physicians, surgeons, dentists, chiropractors, hospitals, senior care facilities, and other healthcare providers, with occurrence and claims-made policy forms.
- MedPro Dental
Quantifiable outcome
- 90% of trials result in a win for MedPro
- +4 more outcomes
Companies that use MedPro Group
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles6 records
MedPro Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MedPro Group partnerships and signals
Strategic signalScale indicators11 records
Recent moves15 records
Expansion highlights5 records
MedPro Group competitors and assessment
Company assessmentBroad incumbents
- The Hartford: The Hartford is a large diversified insurer offering medical malpractice and healthcare professional liability coverage as part of its commercial P&C portfolio. Comparable in serving healthcare provider and facility customers, but med mal is one line within a broader book.
- Chubb: Chubb is a global P&C insurer that writes healthcare professional liability and medical malpractice coverage for physicians, hospitals, and healthcare systems. Broad incumbent with healthcare as one segment among many lines of business.
- CNA Financial: CNA is a major commercial property & casualty insurer with a significant healthcare professional liability and medical malpractice line. Larger, diversified incumbent offering overlapping med mal coverage as part of a broader commercial portfolio.
Direct peers
- The Doctors Company: The Doctors Company is the largest physician-owned medical malpractice insurer in the U.S., offering similar occurrence and claims-made policies, claims defense, and risk management to physicians, surgeons, and healthcare facilities. Direct competitor in the same product category with overlapping customer base.
- Coverys: Coverys is a medical professional liability insurance provider offering malpractice coverage, risk management, and analytics to physicians, hospitals, and healthcare organizations. Directly comparable in product mix, customer segments, and claims-defense orientation.
- NORCAL Mutual: NORCAL Mutual provided medical professional liability insurance to physicians and healthcare professionals before merging into ProAssurance in 2022. Comparable mutual med mal model serving the same physician customer base as MedPro.
- ProAssurance: ProAssurance is a specialty insurer focused on medical professional liability for physicians, healthcare providers, and facilities, plus workers' compensation and other lines. Directly comparable specialty med mal carrier competing on the same insureds.
- MagMutual Insurance: MagMutual is a physician-owned medical professional liability insurer providing malpractice coverage, claims defense, and risk solutions to physicians, hospitals, and healthcare systems. Closely comparable mutual alternative to MedPro's commercial offering.
Others
- Berkshire Hathaway Specialty Insurance: BHSI is Berkshire Hathaway's specialty insurance arm providing executive & professional lines including healthcare professional liability. Sister organization under same parent; provides adjacent specialty coverage that may compete or cooperate with MedPro on complex healthcare accounts.
Regional players
- Medical Mutual of Maine: Medical Mutual of Maine is a regional medical professional liability insurer serving physicians and healthcare providers in the Northeast. Comparable mutual med mal model with similar product offerings but geographic focus limits overlap.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
MedPro Group social profiles
Digital presenceMedPro Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
MedPro Group leadership team
Management profileNumber of profiles
Profiles18 records
MedPro Group subsidiaries and ownership
Company hierarchySubsidiaries6 records
MedPro Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MedPro Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MedPro Group
What does MedPro Group do?
MedPro Group provides medical malpractice insurance and related risk management services to healthcare professionals and facilities across the United States. The company offers occurrence and claims-made policy forms, in-house claims defense with a network of top attorneys and expert witnesses, risk consultation services, and continuing education programs. Coverage is provided through multiple carrier entities under specialized sub-brands for physicians, surgeons, dentists, chiropractors, hospitals, senior care facilities, and other healthcare providers.
Is MedPro Group a public or private company?
MedPro Group is a private company. It is classified as corporate owned and is currently operating.
When was MedPro Group founded?
MedPro Group was founded in 1899. It employs 501 to 1,000 people.
Where is MedPro Group based?
MedPro Group is headquartered in Fort Wayne, United States, in the North America region.
How does MedPro Group make money?
Two revenue lines are on record. Malpractice Insurance Premiums are the primary driver. The others are annual Premium Revenue.
Who are MedPro Group's main competitors?
Broad incumbents on record are The Hartford, Chubb and CNA Financial. Direct peers are The Doctors Company, Coverys, NORCAL Mutual, ProAssurance and MagMutual Insurance. Berkshire Hathaway Specialty Insurance is listed as an others. Medical Mutual of Maine is listed as a regional player.
Does MedPro Group have an API?
No public API is recorded for MedPro Group.
What industry is MedPro Group in?
MedPro Group's product category is Medical Malpractice Insurance. Its primary akta.pro industry code is FSAJAGAE, Healthcare Professional Liability (Med Mal), with a secondary code of FSAOADAJ, Medical Malpractice Reinsurance. Its NAICS code is 62 and its SIC code is 6324.