MMIC Insurance, Inc.
MMIC Insurance, Inc. (operating as Curi) is a private multi-state medical professional liability insurer founded in 1980 and headquartered in Raleigh, NC, serving physicians, medical practices, hospitals, and healthcare organizations with MPL coverage, risk consulting, advisory, and wealth management services.
- Company typePrivate
- Founded1980
- HeadquartersMinneapolis, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What MMIC Insurance, Inc. does
MMIC Insurance, Inc., operating under the "Curi" brand, is a private, multi-state medical professional liability (MPL) insurer and advisory firm founded in 1980 and headquartered at 700 Spring Forest Road, Suite 400, Raleigh, North Carolina. The company operates through three coordinated business units: Insurance (MPL and General Liability coverage, Alternative Insurance Solutions, the proprietary HEAL early-intervention program, Litigation Education, and Risk Consulting), Advisory (Managed Solutions, Healthcare Consulting, and Risk Consulting), and Capital (Wealth Management, Family Office Services, Wealth Builder, Investment Management, and Retirement Plan Solutions). Its primary customers are physicians, medical practices, hospitals, and healthcare organizations requiring specialized malpractice coverage and broader operational, financial, and wealth advisory support.
Curi monetizes primarily through recurring insurance premiums on quote-based, custom-priced annual policies, supplemented by fees from advisory engagements and wealth/retirement-plan services. The company distributes through a network of insurance agents and brokers, a direct-access contact center branded Curi OneConnect, and a self-serve online portal for claims reporting and premium payments. Policy-issuance is conducted through a group of affiliated carriers, including Medical Mutual Insurance Company of North Carolina, MMIC, UMIA, Arkansas Mutual, MMIC Risk Retention Group, and Michigan Professional Insurance Exchange, supporting a multi-jurisdictional footprint concentrated in the U.S. Southeast.
The company differentiates on physician-founded origins and domain specialization, bundling risk consultants and CME-accredited education with policies. Its technology stack is not publicly specified, and there is no disclosed AI/ML capability, patent portfolio, or API/SDK surface; distribution and education are supported by content channels (Curi Blog, LinkedIn, Facebook, YouTube, Vimeo, webinars). MMIC Insurance, Inc. is private with no disclosed parent company, and it employs 101–250 people across its operations.
MMIC Insurance, Inc. firmographics
Firmographics- Name
- MMIC Insurance, Inc.
- Legal name
- MMIC Insurance, Inc.
- Website
- https://mmicgroup.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MMIC Insurance, Inc. (operating as Curi) is a private multi-state medical professional liability insurer founded in 1980 and headquartered in Raleigh, NC, serving physicians, medical practices, hospitals, and healthcare organizations with MPL coverage, risk consulting, advisory, and wealth management services.
- Ownership category
- akta.pro rank
MMIC Insurance, Inc. industry classification
Industry- Product category
- Medical Professional Liability Insurance
- NAICS
- Direct Health and Medical Insurance Carriers (524114), Finance and Insurance (52)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Healthcare Professional Liability (Med Mal) (FSAJAGAE)
- akta.pro secondary industry
- Medical Malpractice Liability (FSAJADAK)
Keywords
Where MMIC Insurance, Inc. is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MMIC Insurance, Inc. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Premiums: Medical Professional Liability (MPL) and General Liability insurance coverage sold to healthcare organizations and medical professionals. Policyholders pay recurring premiums for coverage and risk protection services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based custom insurance solutions |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
MMIC Insurance, Inc. product offering
Product offeringCore offering
MMIC Insurance, Inc. issues Medical Professional Liability (MPL) and General Liability insurance policies as part of the Curi Insurance business unit, serving physicians, medical practices, hospitals, and healthcare organizations. Coverage is sold alongside risk consulting, early intervention (HEAL), and litigation education resources, with related Advisory (managed solutions, healthcare consulting) and Capital (wealth management, investment, retirement plan) services available through the broader Curi enterprise.
Product overview
Curi operates as a full-service advisory firm with three integrated business units: Advisory, Capital, and Insurance. The Insurance division offers Medical Professional and General Liability Insurance, Alternative Insurance Solutions, and risk management services including the HEAL Early Intervention program and Litigation Education. The Advisory unit provides Managed Solutions, Healthcare Consulting, and Risk Consulting services. The Capital unit delivers Wealth Management, Family Office Services, Wealth Builder, Investment Management, and Retirement Plan Solutions. These three business units work in coordination to provide comprehensive solutions spanning medicine, business, and life.
Differentiator
Problem solved
Functional benefit
Products and services
- Medical Professional and General Liability Insurance Comprehensive and traditional Medical Professional Liability (MPL) and General Liability coverage designed for physicians, medical practices, hospitals, and healthcare organizations. Issued by MMIC Insurance, Inc. and affiliated carriers.
- Alternative Insurance Solutions Customizable non-traditional insurance approaches designed for healthcare organizations seeking alternatives along the risk continuum, including structured risk financing options.
- Managed Solutions Scalable, recurring business solutions delivered through Curi Advisory to accelerate financial and operational performance for healthcare organizations.
- Healthcare Consulting Customized financial, HR, strategic, and operational consulting solutions for healthcare organizations, delivered by consultants with healthcare industry experience.
- Risk Consulting (Advisory) Tailored consulting strategies from Curi Advisory that improve patient safety and reduce Medical Professional Liability risk for healthcare organizations.
- Wealth Management Comprehensive financial planning and investment solutions for individuals and families delivered through Curi Capital.
- Family Office Services Personal wealth solutions for multi-generational families focused on preserving, growing, and transferring wealth through Curi Capital.
- Wealth Builder Foundational financial planning service from Curi Capital that meets clients at their current stage and helps build a path forward.
- Investment Management Long-term, active investment management strategies delivered through Curi Capital, focused on investing with conviction.
- Retirement Plan Solutions
Companies that use MMIC Insurance, Inc.
Customer profileSegments1 record
Ideal customer profiles2 records
MMIC Insurance, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MMIC Insurance, Inc. partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
MMIC Insurance, Inc. competitors and assessment
Company assessmentDirect peers
- MedPro Group (Medical Protective): MedPro Group, owned by Berkshire Hathaway, provides medical professional liability insurance to physicians, dentists, and healthcare facilities. It is a closely aligned direct peer given its MPL focus, longevity in the market, and complementary risk-management services similar to Curi's HEAL and risk consulting offerings.
- The Doctors Company: The Doctors Company is the largest physician-owned medical professional liability insurer in the United States, offering MPL and related coverage to physicians, medical groups, and healthcare systems. It is the most direct national competitor to MMIC/Curi in MPL underwriting, risk management, and physician-focused services.
- ProAssurance Corporation: ProAssurance is a publicly traded specialty insurer focused on medical professional liability and workers' compensation for healthcare providers. Following its acquisition of NORCAL Mutual, ProAssurance is a direct peer with multi-state MPL coverage, healthcare risk services, and physician-focused products that overlap MMIC/Curi's offering.
- Coverys: Coverys is a medical professional liability insurance provider serving physicians, hospitals, and healthcare systems, with a strong emphasis on risk management and patient-safety education. It is comparable to MMIC/Curi in MPL underwriting focus and value-added risk consulting similar to Curi's HEAL program.
- State Volunteer Mutual Insurance Company (SVMIC): SVMIC is a medical professional liability insurance company owned by the physicians it insures, providing MPL coverage primarily in the Southeast and Midwest. It is a direct peer given its mutual, physician-owned model and overlapping geographic concentration in the Southeast U.S.
- MagMutual Insurance Company: MagMutual is a physician-owned medical professional liability insurer offering MPL coverage, risk management, and patient-safety resources. Its mutual structure and physician-led model directly mirror Curi's "created by physicians for physicians" positioning, making it a strong direct peer.
- Physicians Insurance (Physicians Reciprocal Insurance Managers / PRIM): PRIM is a physician-led MPL insurer providing medical professional liability coverage and risk management services to doctors and healthcare entities. Its mutual structure and focus on MPL plus risk consulting align closely with Curi's insurance-plus-advisory value proposition.
- NORCAL Mutual Insurance Company: NORCAL Mutual provided medical professional liability insurance to physicians and healthcare organizations, primarily in the western and southern U.S. It is a direct peer comparable to MMIC/Curi in MPL underwriting focus and physician membership model, now part of ProAssurance.
Broad incumbents
- Beazley Group: Beazley is a global specialty insurer that underwrites medical malpractice and healthcare professional liability coverage through Lloyd's syndicates and U.S. operations. It is a broad incumbent in specialty insurance with overlapping MPL capability, though it operates across many lines beyond healthcare.
Others
- Marsh McLennan (insurance brokerage): Marsh is one of the largest global insurance brokers and a key distribution channel for MPL and healthcare liability coverage. It is comparable as an ecosystem participant that places MPL business and competes indirectly with Curi's agent-network distribution model for physician and healthcare-organization accounts.
Market position
Strengths2 records
Weaknesses3 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
MMIC Insurance, Inc. social profiles
Digital presenceMMIC Insurance, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
MMIC Insurance, Inc. leadership team
Management profileNumber of profiles
Profiles1 record
MMIC Insurance, Inc. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MMIC Insurance, Inc. 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 MMIC Insurance, Inc.
What does MMIC Insurance, Inc. do?
MMIC Insurance, Inc. issues Medical Professional Liability (MPL) and General Liability insurance policies as part of the Curi Insurance business unit, serving physicians, medical practices, hospitals, and healthcare organizations. Coverage is sold alongside risk consulting, early intervention (HEAL), and litigation education resources, with related Advisory (managed solutions, healthcare consulting) and Capital (wealth management, investment, retirement plan) services available through the broader Curi enterprise.
Is MMIC Insurance, Inc. a public or private company?
MMIC Insurance, Inc. is a private company. It is classified as corporate owned and is currently operating.
When was MMIC Insurance, Inc. founded?
MMIC Insurance, Inc. was founded in 1980. It employs 101 to 250 people.
Where is MMIC Insurance, Inc. based?
MMIC Insurance, Inc. is headquartered in Minneapolis, United States, in the North America region.
How does MMIC Insurance, Inc. make money?
One revenue line is on record: insurance Premiums.
Who are MMIC Insurance, Inc.'s main competitors?
Direct peers on record are MedPro Group (Medical Protective), The Doctors Company, ProAssurance Corporation, Coverys, State Volunteer Mutual Insurance Company (SVMIC), MagMutual Insurance Company, Physicians Insurance (Physicians Reciprocal Insurance Managers / PRIM) and NORCAL Mutual Insurance Company. Beazley Group is listed as a broad incumbent. Marsh McLennan (insurance brokerage) is listed as an others.
Does MMIC Insurance, Inc. have an API?
No public API is recorded for MMIC Insurance, Inc..
What industry is MMIC Insurance, Inc. in?
MMIC Insurance, Inc.'s product category is Medical Professional Liability Insurance. Its primary akta.pro industry code is FSAJAGAE, Healthcare Professional Liability (Med Mal), with a secondary code of FSAJADAK, Medical Malpractice Liability. Its NAICS code is 524114 and its SIC code is 6331.