AMA Insurance Agency

What AMA Insurance Agency does

AMA Insurance Agency, Inc. is a Chicago-based insurance producer licensed in all 50 states and the District of Columbia, operating as a wholly-owned subsidiary of the American Medical Association since 1988. The company distributes a comprehensive portfolio of insurance products exclusively tailored to physicians, medical students, residents, dental/allied-health students, retired physicians, and the medical schools and teaching hospitals that train them. Core products include disability income insurance (with optional 'true own-specialty' definitions of disability and up to $15,000 in monthly benefits), multiple term life products (including Level Term with rates locked 10/15/20 years and up to $4 million in coverage), premier accident insurance, medical professional liability insurance (now available nationwide in all 50 states), Medicare supplement insurance, and travel medical coverage through an IMG partnership. Group insurance is delivered through the AMA-sponsored Med Plus Advantage Program to medical schools and residency programs.

The company operates as an agency rather than a risk-bearing carrier. Underwriting and claims administration are handled by established partners including New York Life (primary underwriter for disability, life, and accident products), Transamerica (Medicare Supplement), The Hartford (long-term care), MetLife, Liberty Mutual, and Standard Insurance Company. Its revenue consists of administrative fees and commissions on the premiums it administers under these carrier relationships.

AMA Insurance's go-to-market relies on the unique credibility conferred by AMA sponsorship, a captive institutional channel into medical schools and residency programs, and a consultative sales model staffed by non-commissioned, salaried Insurance Specialists. The firm markets primarily through its website, social media, AMA membership channels, and direct phone outreach. No proprietary technology platform or AI capabilities are disclosed; digital interaction is limited to web-based quote calculators, online enrollment, and a MyAccount self-service portal.

Name

AMA Insurance Agency

Legal name

AMA Insurance Agency, Inc.

Website

https://amainsure.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

AMA Insurance Agency is a wholly-owned, AMA-endorsed insurance producer offering disability, life, professional liability, Medicare supplement, and group insurance products to U.S. physicians, medical students, residents, and teaching hospitals across all 50 states.

Ownership category

akta.pro rank

Product category

Physician-Focused Insurance Agency Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Other Insurance Related Activities (52429)

SIC

Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Life Insurance (6311)

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

akta.pro secondary industries

Insurance Program Administration & MGA/MGU Services (FSAEADAK), Travel Medical Insurance (Individual) (FSAIAEAI), Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

Keywords

• Physician disability insurance
• Medical professional liability
• Level term life insurance
• Group long term disability
• Medicare supplement insurance

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: AMA Insurance generates revenue by administering and distributing group insurance policies underwritten by partner insurance companies. The company earns administrative fees and commissions for providing oversight and administrative support for insurance programs sponsored by the American Medical Association.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

AMA Insurance Agency administers and distributes a portfolio of insurance products exclusively for physicians, medical students, residents, and teaching institutions. Products are underwritten by partner carriers and include physician disability income insurance, life insurance (level term, preferred term, student term), accident insurance, medical professional liability insurance, Medicare supplement, health, dental, auto/home, travel medical, international health, hospital income, and office overhead expense coverage, plus group plans for medical schools and residency programs.

Product overview

AMA Insurance Agency is a subsidiary of the American Medical Association offering a comprehensive portfolio of insurance products exclusively designed for physicians, medical students, residents, and teaching hospitals. The company's product suite includes disability income insurance (with 'own-specialty' and 'true own-specialty' definitions), various life insurance products (Level Term, Preferred Term, Medical Student Term Life, and Premier Accident Insurance), medical professional liability coverage, Medicare Supplement plans, and group insurance programs for medical schools and residency programs. The company leverages the collective buying power of over one million U.S. physicians to negotiate specially negotiated rates and benefits from top insurance carriers including New York Life, Transamerica, and Standard Insurance. Core products are supplemented with assistance services including Student/Resident Assistance Programs and Stay in School/Stay at Work benefits for institutional clients.

Differentiator

Problem solved

Functional benefit

Brands

• Physicians Signature Service: Service mark used by AMA Insurance for their insurance specialist team.
• Med Plus Advantage

Products and services

• Disability Income Insurance Physician-exclusive disability income insurance offering up to $15,000 in monthly benefits with optional 'true own-specialty' definition of disability and portable coverage that travels with the physician. AMA Members receive a 10% premium credit. Underwritten by New York Life Insurance Company.
• Medical Professional Liability Insurance Professional liability (malpractice) coverage for physicians available in all 50 states through AMA sponsorship.
• Level Term Life Insurance Group level term life insurance with rates fixed for 10, 15, or 20 years, offering up to $4 million in benefits with exclusive physician pricing. AMA Members receive a 4% premium credit for the first year. Living benefits up to 75% of benefit (max $1M) for terminal illness. Underwritten by New York Life.
• Preferred Term Life Insurance High-quality term life protection offering up to $3 million in benefits with rates locked for 5-year intervals. Underwritten by New York Life.
• Medical Student Term Life Insurance Group term life insurance for full-time medical students offering $100,000 coverage for $40/year or $50,000 for $20/year, with automatic doubling for accidental death. Spouse coverage available at same rates. Underwritten by New York Life.
• Premier Accident Insurance Accidental death and dismemberment coverage providing up to $1 million in benefits. AMA Members receive a 20% premium credit. 5% EFT discount available. Benefits reduce 75% at age 70, coverage ends at age 80. Underwritten by New York Life.
• Medical Student Disability Insurance Guaranteed-acceptance disability coverage for medical students under age 40 at $41/year, providing $1,000/month for up to 12 months with a 30-day waiting period. Open enrollment July 1 – December 31. Underwritten by New York Life.
• Medicare Supplement Insurance AMA-sponsored Medicare Supplement plans underwritten by Transamerica Life Insurance Company, offering guaranteed-issue coverage with up to 7% additional discounts. Over 27,000 physicians insured across the nation.
• Health Insurance Health insurance coverage options for physicians and their families.
• Dental Insurance Dental insurance coverage available for retired physicians.
• Auto and Home Insurance Auto and home insurance coverage designed for retired physicians.
• Travel Medical Insurance Short and long-term travel medical coverage through IMG offering 24/7 emergency management and access to a global provider network of more than 17,000 providers.
• International Health Insurance Worldwide medical insurance coverage for physicians and faculty traveling internationally.
• Hospital Income Insurance Hospital income insurance providing benefits during hospital stays.
• Office Overhead Expense Insurance Coverage for office overhead expenses for physicians.
• Group Long Term Disability Insurance (Med Plus Advantage) Med Plus Advantage program group disability coverage for medical schools and residency programs featuring a $250,000 student loan payoff benefit and own-occupation definitions. Underwritten by New York Life; claims processed by Standard Insurance Company. Covers tens of thousands of medical students, residents, dental, and allied health students.
• Group Life and Accidental Death & Dismemberment Insurance Group life and AD&D coverage for medical students, residents, and dental/allied health students with coverage up to $300,000.
• Group Travel Medical Insurance Customizable travel medical coverage for groups including students, residents, global health brigades, and teaching institutions.

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• New York Life Insurance CompanycoreOthersPrimary underwriter for AMA-sponsored disability income insurance and term life insurance products. Provides group policy administration for medical student disability, physician disability, level term life, preferred term life, and premier accident insurance plans. Policy forms include GMR-FACE series under Group Policy Nos. G-30639-0, G-30610-0, G-30612-0, G-30614-0, G-30615-0, and G-30691-0.
• Transamerica Life Insurance CompanycoreOthersUnderwriter for AMA-sponsored Medicare Supplement Insurance Program. Partners with AMA Insurance to offer exclusive rates and exceptional service for physicians. Also underwrites through Transamerica Financial Life Insurance Company and Transamerica Premier Life Insurance Company.
• International Medical Group (IMG)supportingTechnology or IntegrationProvides competitive travel medical insurance rates through IMG's network of over 17,000 providers globally. Offers customizable long and short-term coverage for medical students, residents, and faculty traveling internationally. Coverage includes 24/7/365 responsive medical management.
• Standard Insurance CompanysupportingOthersProcesses disability claims for the Med Plus Advantage Program. Located at 900 SW. Fifth Ave., Portland, OR 97204. Claims specialist (Alicia Paget) available at 971-321-7174 for claims support.
• The HartfordsupportingOthersUnderwriter for long-term care insurance products offered through AMA Insurance. Listed among underwriters with general (non-HIPAA) privacy policies available for download.
• MetLifesupportingOthersListed as underwriter for certain AMA-sponsored insurance products. HIPAA privacy notices available through AMA Insurance website.
• United States Life Insurance Company in the City of New YorksupportingOthersUnderwriter for catastrophic major medical and excess major medical insurance underwritten by AMA Insurance for HIPAA-covered plans.
• Liberty Mutual InsurancesupportingOthersPartner insurance company mentioned alongside New York Life for developing insurance portfolios designed specifically for physicians.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Affinity Insurance Services (Aon Affinity): Aon Affinity is the largest affinity insurance program administrator in the U.S., designing, underwriting, and administering insurance programs on behalf of professional associations and their members. Most directly comparable to AMA Insurance in operating model (program administration for an association affinity), but operates across many professions rather than physicians exclusively.
• Healthcare Providers Service Organization (HPSO): HPSO is a major insurance provider for healthcare professionals, offering professional liability, license defense, and other coverages to nurses, physicians, and allied health professionals. Directly comparable as a healthcare-focused insurance program with affinity-style distribution to clinicians.
• Pearl Insurance: Pearl Insurance is an affinity insurance program administrator serving professional associations, with a similar business model to AMA Insurance (designing and administering insurance programs for association members). Closely comparable in operating structure and niche-association distribution.
• Lockton Affinity: Lockton Affinity designs and administers insurance programs for associations, member organizations, and customer groups. Directly comparable as a specialty insurance broker/MGA focused on affinity and association distribution rather than mass-market agency work.
• Medical Group Insurance Services (MGIS): MGIS specializes in disability income and life insurance for physicians and medical professionals, offering own-specialty disability definitions. Highly comparable product overlap (physician-focused disability and life) and similar target customer segment.
• Proliability (Mercer): Proliability provides professional liability insurance to individual healthcare professionals, designed specifically for allied health and medical practitioners. Comparable product offering (professional liability) and target customer segment within healthcare.
• CM&F Group: CM&F Group has provided professional liability insurance to healthcare professionals for over 100 years. Comparable product focus (medical malpractice) and customer base (individual clinicians) but operates as a broker/agency rather than underwriter.

Broad incumbents

• The Doctors Company: The Doctors Company is the largest physician-owned medical professional liability insurer in the U.S. Comparable customer base (physicians) and overlapping product (medical malpractice) but operates as a carrier (assumes underwriting risk) rather than as a distribution agent like AMA Insurance.
• MedPro Group: MedPro Group is a leading medical professional liability carrier serving physicians, dentists, and other healthcare providers. Comparable customer overlap and product category but operates as a direct underwriter, broader than AMA Insurance's distribution-only model.

Emerging players

• Policygenius: Policygenius is a digital Insurtech brokerage that simplifies comparison and purchase of life, disability, and other insurance products online. Comparable as an insurance distribution platform but uses a digital-first/fintech model rather than AMA Insurance's human-advisory affinity approach.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/amainsure
• Facebookfacebook.com/AMAInsuranceAgency
• LinkedInlinkedin.com/company/ama-insurance-agency
• Instagraminstagram.com/amainsurance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 AMA Insurance Agency