TDC Group

What TDC Group does

TDC Group is the marketing umbrella for The Doctors Company, an Interinsurance Exchange founded in 1976 and headquartered in Napa, California. The group is physician-owned and operates as the largest physician-owned medical malpractice insurer in the United States, holding A ratings from both A.M. Best and Fitch. It is structured around three core operating subsidiaries: The Doctors Company (physician, APC, and dental professional liability), TDC Specialty Underwriters (excess and surplus lines for hospitals, life sciences, managed care, long-term care, and medical facilities), and Healthcare Risk Advisors (self-insurance, risk transfer, and consulting). Additional entities include Hospitals Insurance Company, TDC Specialty Insurance Company, TDC National Assurance Company, The Doctors Company Risk Retention Group, and Medical Advantage.

The group serves the full continuum of U.S. healthcare, from individual physicians and Advanced Practice Clinicians to academic medical systems, private equity-backed healthcare portfolios, life sciences organizations, and managed care entities, with coverage available in all 50 states. Its technology stack centers on a digital automated underwriting platform launched in 2022 that enables real-time quoting, underwriting, payment, and policy issuance for Advanced Practice Clinicians and integrates with the CAQH Provider Data Portal to auto-populate credentialing data. Distribution combines a direct-to-consumer digital self-serve channel for individual clinicians, wholesale and retail broker networks for specialty E&S lines, and enterprise field sales for hospitals, health systems, and large physician groups, supplemented by digital content, webinars, and thought leadership.

Revenue is generated primarily through subscription and recurring insurance premiums for medical professional liability and specialty lines, supplemented by professional-services fees for self-insurance program setup, ongoing risk management advisory, claims management, and data analytics engagements. The company reports annual revenue exceeding $1 billion and assets in the $7.8-$8.4 billion range, serving over 120,000 healthcare professionals and 18 hospitals through Healthcare Risk Advisors self-insurance programs, with 30,000+ APC members under coverage and a 94 percent member satisfaction rate.

Name

TDC Group

Legal name

The Doctors Company

Website

https://tdcg.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TDC Group is the marketing name for The Doctors Company, the nation's largest physician-owned medical malpractice insurer. Through subsidiaries The Doctors Company, TDC Specialty Underwriters, and Healthcare Risk Advisors, it serves over 120,000 U.S. healthcare professionals and organizations across physicians, APCs, hospitals, life sciences, managed care, long-term care, and PE-backed practices.

Ownership category

akta.pro rank

Product category

Medical Professional Liability Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (Errors & Omissions) (FSAJADAB)

akta.pro secondary industries

Professional Liability (E&O) (FSAJAGAC), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Directors & Officers (D&O) Liability (FSAJADAF)

Keywords

• Medical malpractice insurance
• Professional liability insurance
• Healthcare risk management
• Specialty insurance solutions
• Medical claims management

Headquarters

HQ city

Napa

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Medical Professional Liability Insurance Premiums: The Doctors Company, the nation's largest physician-owned medical malpractice insurer, generates revenue primarily through insurance premiums for physicians, APCs, dentists, and other healthcare professionals. Coverage includes occurrence and claims-made policy options with various liability limits.
2. Specialty Insurance Solutions: TDC Specialty Underwriters provides E&S-driven liability solutions for hospitals, medical facilities, managed care organizations, life sciences organizations, and management liability. Revenue from specialty insurance products with higher coverage limits.
3. Healthcare Risk Advisors Consulting: HRA provides self-insurance solutions, risk transfer, and risk management advisory services for hospitals, large medical practices, and healthcare organizations. Partners with private equity firms for healthcare portfolio risk management.
4. Data Analytics and Insights: Data Insights and Custom Solutions providing analytics services to healthcare organizations to reduce MPL/HPL liability exposure and improve patient safety.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

TDC Group provides medical professional liability insurance, specialty (excess and surplus) liability insurance, and risk management consulting services through three subsidiaries: The Doctors Company (medical malpractice insurance for physicians, advanced practice clinicians, and dentists), TDC Specialty Underwriters (specialty insurance for hospitals, medical facilities, life sciences, managed care, and long-term care organizations), and Healthcare Risk Advisors (self-insurance advisory, risk transfer, and risk management services). Coverage is offered across all 50 U.S. states, supplemented by claims management, patient safety resources, data analytics, and advocacy services.

Product overview

TDC Group operates as a platform organization comprising three core subsidiaries: The Doctors Company (nation's largest physician-owned medical malpractice insurer), TDC Specialty Underwriters (E&S lines specialist for hospitals, medical facilities, life sciences, managed care, and long-term care), and Healthcare Risk Advisors (self-insurance and risk management consulting). The portfolio also includes Medical Advantage for practice consulting. The group serves over 120,000 healthcare professionals across all 50 states with annual revenue exceeding $1 billion, offering insurance solutions ranging from individual physician malpractice coverage to complex institutional programs, supplemented by risk management consulting, claims services, patient safety expertise, and data analytics.

Differentiator

Problem solved

Functional benefit

Brands

• TDC Specialty: Joint brand for TDC Specialty Underwriters and Healthcare Risk Advisors
• TDC Specialty Underwriters
• Healthcare Risk Advisors
• Tribute Plan

Products and services

• The Doctors Company Medical Malpractice Insurance Professional liability insurance for physicians, surgeons, and medical groups. Includes industry-leading defense, cyber liability protection, regulatory risk coverage, and the Tribute Plan loyalty program. Coverage available in all 50 states.
• TDC Specialty Underwriters Specialty Insurance Excess and Surplus (E&S) lines specialist providing specialty insurance capabilities and liability solutions for hospitals, medical facilities, managed care organizations, life sciences organizations, and long-term care facilities. Distributed through approved wholesale and select retail brokers.
• Healthcare Risk Advisors (HRA) Consulting Services Comprehensive insurance and risk management advisory services partnering with healthcare organizations to identify and solve self-insurance, risk transfer, and risk management needs. Partners with large medical practices, healthcare organizations, and private equity firms.
• Advanced Practice Clinician (APC) Professional Liability Insurance Malpractice coverage tailored for nurse practitioners (NPs), certified registered nurse anesthetists (CRNAs), certified nurse-midwives (CNMs), certified midwives (CMs), and physician assistants (PAs). Includes protection against licensing board complaints, peer reviews, court fees, and HIPAA violations. Most common limit is $1 million per claim / $3 million aggregate, with both occurrence and claims-made policy options available.
• Physicians and Medical Practices Insurance Comprehensive risk solutions for medical practices of all sizes, from solo practitioners to large multispecialty and multistate groups, including medical malpractice coverage, risk management, and practice consulting.
• Dentists and Dental Practices Insurance Dental malpractice insurance coverage to protect dental practices, employees, assets, and reputation.
• Hospitals and Health Systems Insurance Standard and tailored coverage solutions for complex hospital and health system risks, including reinsurance of captives and non-traditional risk structures.
• Medical Facilities Liability Insurance Flexible third-party liability solutions for outpatient organizations in changing healthcare environments.
• Life Sciences Organizations Insurance Insurance solutions for life sciences organizations including liability protection for products/completed operations, errors and omissions, and clinical trials.
• Long Term Care Insurance Insurance solutions for long-term care operators facing unique liability exposures.
• Managed Care Organizations Insurance Primary and excess insurance solutions for IPAs, ACOs, regional health plans, national health plans, and Blue Cross/Blue Shield entities. Coverage features broad definition of managed care professional services, duty-to-defend policy, privacy liability, antitrust coverage, and Good Samaritan coverage with up to $15 million limits available for primary and excess coverage.
• Management Liability Insurance Management liability insurance coverage for healthcare organizations.
• Private Equity Insurance and Services Insurance and advisory solutions for private equity groups acquiring or managing healthcare practices, including medical professional liability solutions and self-insurance program setup services across acquisition to exit strategy.
• Alternative and Captive Risk Solutions Alternative risk solutions including fronting, captives, and risk transfer mechanisms for healthcare organizations seeking non-traditional insurance structures.
• Self-Insurance Advisory Services Advisory services for initial self-insurance program setup and ongoing operation for hospitals and large medical practices.
• Claims Management Services Insurance and liability claims management services for healthcare professionals and organizations.
• Patient Safety and Risk Management Services Patient safety expertise and risk management resources for medical and dental practices, including specialty-focused risk analyses and clinical guidance.
• Data Insights and Custom Solutions Data analytics capabilities providing insights and custom solutions to help healthcare organizations reduce MPL/HPL liability exposure and improve patient safety.

Quantifiable outcome

• 94% member satisfaction among APC members
• +3 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CandellocoreStrategic or Co-development PartnerTDC Group partners with Candello to produce the 'What Not to Do: Telehealth Lessons Learned' video series featuring patient safety leaders and risk management experts providing guidance on virtual care best practices across clinical, equity, legal, and technical considerations.
• Medical AdvantagecoreOthersMedical Advantage provides dedicated services at the point of care for TDC Group, helping medical groups increase appointment volumes, improve cost and quality performance, while improving patient outcomes and increasing revenue.
• Social Media Platforms (LinkedIn, Facebook, Twitter)minorGTM or Marketing PartnerTDC Group collects information through social media including LinkedIn, Facebook, and Twitter as part of their marketing and information collection activities.
• CAQH (Council for Affordable Quality Healthcare)coreTechnology or IntegrationCAQH Provider Data Portal integration enables automatic credentialing data retrieval for APC premium quotes, enhancing efficiency and reducing transaction time from days to minutes.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Hiscox: Hiscox is a specialty insurer offering professional liability and medical malpractice coverage through both direct and broker channels. Operates a broader specialty portfolio with overlapping SME physician and APC segments.
• Beazley: Beazley is a specialty insurer with significant healthcare, medical liability, and professional liability offerings. Larger and more diversified than TDC, it competes in healthcare E&O, cyber, and management liability adjacencies.
• Chubb: Chubb is a large global P&C insurer offering medical professional liability and healthcare liability through its specialty lines. Not a pure-play MPL carrier, but a meaningful competitor for hospital and large physician group accounts.
• CNA Financial: CNA Financial underwrites healthcare professional liability and medical malpractice insurance through its specialty P&C platforms. Larger and more diversified incumbent with overlapping MPL and healthcare liability offerings.
• Zurich North America: Zurich is a global P&C insurer with a U.S. healthcare professional liability practice. Larger and more diversified than TDC, it competes in hospital, managed care, and physician MPL as part of a broader specialty portfolio.

Direct peers

• MagMutual: MagMutual is a physician-owned MPL mutual offering medical professional liability insurance, risk management, and patient safety resources. Directly comparable mutual structure, physician ownership, and product mix to TDC Group.
• ProAssurance Corporation: ProAssurance is a U.S. MPL insurer with a comparable specialty liability book across physicians, hospitals, and healthcare professionals. TDC Group has announced the acquisition of ProAssurance, but pre-deal it was a direct competitor with overlapping physician and hospital coverage.
• Coverys: Coverys is a MPL and healthcare liability insurer serving physicians, hospitals, and healthcare systems with risk management and analytics services. Comparable mutual/insurer structure with similar physician and hospital MPL offerings.
• Medical Protective: Medical Protective (owned by Berkshire Hathaway) is one of the largest MPL insurers in the U.S., directly competing with The Doctors Company for physicians, surgeons, and group practices. Closest head-to-head competitor in the physician-owned / national MPL segment.
• NORCAL Group: NORCAL Group is a physician-owned MPL mutual providing medical malpractice coverage to physicians and healthcare professionals in select states. Directly comparable mutual/physician-owned MPL model and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/TDCGrp
• YouTubeyoutube.com/user/doctorscompany
• Facebookfacebook.com/TDCGrp
• LinkedInlinkedin.com/company/tdcg

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TDC Group