Positive Physicians

What Positive Physicians does

Positive Physicians Insurance Company, founded in 2002 by a group of physicians, is a Pennsylvania-domiciled medical professional liability (MPL) insurer operating as an admitted carrier across 16 U.S. states. The company underwrites both claims-made and occurrence MPL policies for individual physicians and medical group practices, with flexible billing (annual, quarterly, or monthly interest-free) and quote-based pricing tailored to specialty, practice size, and coverage limits. Core products are supplemented by Stand-Alone Tail (SAT) coverage for portability, risk management education through a partnership with Medical Interactive Community, cyber insurance via Coalition, and the Positive Purchasing Group — a GPO built with Redefine Management that claims 30-40% cost reductions versus other GPOs through vendor credentialing and procurement tools. Technology consists of the Positive MPL mobile app (iOS/Android) and Positive Portal for policy management, billing, and certificate generation; underwriting analytics are augmented by Preverity's risk prediction platform covering 80%+ of U.S. physicians.

The company is backed by Bain Capital and Enstar Holdings LLC, providing capital for reserve adequacy and growth. GTM is sales-led, combining direct engagement with a network of independent agents and brokers, plus partner-driven distribution through the Positive Select Program (Pharmacists Mutual collaboration, May 2026) and the GPO channel. Leadership was substantially refreshed between 2021-2023 with senior executives recruited from NORCAL Group, ProAssurance, MagMutual, Integris Group, and Chubb. The company previously traded on OTCQX under ticker PPHI but delisted effective January 2023, ceasing public reporting obligations. Revenue is not publicly disclosed, and the company operates with 11-50 employees across offices in Bala Cynwyd (corporate HQ effective December 2025), Philadelphia, and Baltimore (payment remittance).

Revenue mechanics derive from underwriting premiums (recurring subscription-like model with annual policy terms) plus ancillary fee/commission income from the Positive Purchasing Group and partner-delivered cyber coverage. No public funding rounds are disclosed, and the company does not provide audited financial statements, limiting transparency for external investors.

Name

Positive Physicians

Legal name

Positive Physicians Insurance Company

Website

https://positivephysicians.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Medical Professional Liability Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

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

• Medical malpractice insurance
• Professional liability insurance
• Risk management services
• Healthcare insurance coverage
• Claims advocacy services

Headquarters

HQ city

Berwyn

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, Others

Revenue model

1. Medical Professional Liability Insurance Premiums: Core revenue stream from underwriting medical professional liability insurance policies. Offers occurrence and claims-made coverage options with flexible billing (annual, quarterly, or monthly interest-free plans). Premiums are based on specialty, practice size, and coverage limits.
2. Positive Purchasing Group Services: Group Purchasing Organization providing cost savings on products and services for medical practices. No management fees charged to practices; revenue model supported through vendor relationships.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Positive Physicians underwrites and delivers medical professional liability (malpractice) insurance for physicians and medical practices, with claims-made and occurrence coverage forms plus stand-alone tail coverage. The company supplements its policies with risk management education (via Medical Interactive Community), a Group Purchasing Organization (Positive Purchasing Group) for practice cost savings, a digital policy management portal and mobile app, and partner-distributed cyber coverage through Coalition.

Product overview

Positive Physicians Insurance Company offers a unified medical professional liability insurance platform with core coverage products (Claims-Made and Occurrence policies) supplemented by add-on modules including Stand-Alone Tail Coverage for portability, Risk Management Services via Medical Interactive Community, and the Positive Purchasing Group GPO. The company also provides a proprietary mobile app (Positive MPL App) for policy management and partners with Coalition for cyber insurance. Through the Positive Select Program (in collaboration with Pharmacists Mutual), the company extends its reach into new physician segments.

Differentiator

Problem solved

Functional benefit

Brands

• Stand-Alone Tail (SAT): Stand-alone tail coverage policy that extends the time a claim can be reported after the main policy expires.
• Positive Purchasing Group

Products and services

• Medical Professional Liability Insurance Core medical professional liability (malpractice) insurance for physicians and healthcare professionals, offering Claims-Made and Occurrence coverage forms with customizable rating structures and flexible annual, quarterly, or monthly interest-free billing.
• Stand-Alone Tail Coverage (SAT)

Quantifiable outcome

• Contracts can reduce costs by 30-40% compared to other GPOs through Positive Purchasing Group

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Pharmacists Mutual Insurance GroupcoreStrategic or Co-development Partner · 4 May 2026Strategic collaboration announced May 2026 to advance Positive Physicians' growth strategy within the medical professional liability market. The relationship enhances access to new markets through the Positive Select Program while maintaining disciplined underwriting approach. Pharmacists Mutual brings stability, service, and market leadership with A.M. Best FSR of A- (Excellent).
• Medical Interactive Community (MI)coreTechnology or IntegrationPartnership provides Positive insureds with access to MI's e-learning platform featuring comprehensive library of educational resources targeting key areas of clinical risk. Platform enables earning CME, CNE, and MOC-approved credits at no additional cost. Over 62,000 clinicians utilize MI's education. Announced September 2022.
• CoalitioncoreTechnology or IntegrationPartnership announced December 2022 to provide Positive's insured physicians and healthcare providers with cyber insurance coverage. Coalition provides Active Insurance with Active Risk Assessment, Active Protection, and Active Response capabilities including 24/7 digital risk monitoring and incident response services.
• PreveritycoreTechnology or IntegrationPartnership announced September 2022 to implement Preverity's Enterprise product enhancing underwriting, pricing, and operational efficiency. Preverity provides risk prediction platform with comprehensive database covering 80%+ of U.S. physicians including medical billing history, provider transactions, education, and disciplinary actions.
• Redefine ManagementcoreStrategic or Co-development PartnerPartnership to build Positive Purchasing Group, a Group Purchasing Organization (GPO) helping medical practices reduce overhead through access to premium vendors, cost savings, and procurement tools. No management fees charged to practices.

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• ProAssurance Corporation: ProAssurance is a publicly traded specialty P&C insurer heavily concentrated in medical professional liability, serving physicians and healthcare providers across the U.S. It directly competes with Positive Physicians in core med mal underwriting and claims; multiple Positive Physicians senior leaders previously held roles at ProAssurance.
• The Doctors Company: The Doctors Company is the largest physician-owned medical professional liability insurer in the U.S., offering claims-made and occurrence med mal coverage nationwide. It competes head-on with Positive Physicians in physician malpractice and provides similar risk management and claims advocacy services.
• MagMutual Insurance Company: MagMutual is a physician-led medical professional liability carrier serving healthcare providers in the Southeast and beyond. It directly competes with Positive Physicians in physician med mal underwriting, and the company's VP of Underwriting previously served as Director of Underwriting at MagMutual.
• Coverys: Coverys is a medical professional liability insurer offering med mal, risk management, and claims services to physicians, hospitals, and healthcare systems. It overlaps with Positive Physicians' core MPL product and risk management service offering.
• NORCAL Group: NORCAL Group (now part of ProAssurance) was a specialty medical professional liability carrier focused on physician practices, with strong underwriting and broker relationships in multiple states Positive Physicians serves. Several Positive Physicians executives (CEO, CSO) previously held senior roles at NORCAL.
• Integris Group: Integris Group is a medical professional liability insurer serving physician practices and healthcare providers across multiple states. The company's current CEO and SVP of Insurance Services both previously held leadership roles at Integris Group, indicating direct operational and product overlap.
• ISMIE Mutual Insurance Company: ISMIE Mutual is a physician-led medical professional liability carrier providing med mal coverage and risk management services, primarily in the Midwest. It competes with Positive Physicians in overlapping med mal geographies and physician segments.
• Medical Mutual Insurance Company of North Carolina: Medical Mutual of NC (MMIC-NC) is a medical professional liability carrier serving physicians and healthcare providers, with strong concentration in the Southeast — directly overlapping with Positive Physicians' footprint in NC, SC, GA, FL, and VA-adjacent markets.

Emerging players

• CRICO Strategies: CRICO is the medical professional liability program for the Harvard medical community and a provider of risk analytics and education for healthcare organizations. It overlaps with Positive Physicians' risk-management and analytics partnerships (e.g., Preverity) rather than core underwriting.

Others

• Bain Capital (Insurance Platform Investments): Bain Capital is a direct financial backer of Positive Physicians and an active investor across insurance and Insurtech platforms. It is relevant as a capital partner shaping Positive Physicians' strategic trajectory and as a benchmark for institutional insurance-platform investments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/positive-physicians-insurance-company
• Xx.com/PositivePhysic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 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 Positive Physicians