Medical Protective Corporation

What Medical Protective Corporation does

Medical Protective Corporation, doing business as MedPro Group, is a U.S. medical malpractice insurance carrier founded in 1899 in Fort Wayne, Indiana, and a wholly-owned subsidiary of Berkshire Hathaway since 2005. The company underwrites professional liability coverage for a broad spectrum of healthcare providers, including physicians and surgeons, allied healthcare professionals (PAs, NPs, CRNAs), dentists, chiropractors, hospitals and other facilities, and senior care facilities, operating dedicated sub-brands MedPro Dental and ChiroPreferred. MedPro also provides adjacent risk management services, including free Dynamic Risk Tools, on-call expert consultations, and continuing education webinars, positioning itself around prevention as well as defense.

The company's core technology is a malpractice insurance underwriting and claims management platform backed by a specialized legal defense network organized around medical specialties. The platform is paired with a direct-to-consumer go-to-market model: customers initiate quotes, applications, and policy servicing through the company website and contact center, with no disclosed broker-led channel. MedPro markets through its corporate site, risk resources, and CE webinars as the primary demand-generation and thought-leadership surface.

The business model is a recurring subscription model built on annual malpractice insurance premiums, with pricing quoted on a per-customer basis dependent on specialty, coverage limits, geography, and claims history. MedPro reports an A++ financial strength rating from AM Best, has handled more than 500,000 claims historically, reports a 90% trial win rate, and states that 80% of claims are closed without payment, supporting premium pricing power. The company serves more than 300,000 insureds in the United States, including 45,000+ dentists and a customer base that includes two out of three U.S. hospitals.

Name

Medical Protective Corporation

Legal name

Medical Protective Corporation

Website

https://medicalprotective.com

Company type

Private

Founded year

1899

Operating status

Operating

Headcount range

11–50 employees

Short description

Medical Protective Corporation (MedPro Group) is a Berkshire Hathaway subsidiary that underwrites medical malpractice insurance for U.S. physicians, surgeons, dentists, chiropractors, hospitals, and senior care facilities, serving more than 300,000 insureds since 1899.

Ownership category

akta.pro rank

Product category

Medical Malpractice Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Healthcare Professional Liability (Med Mal) (FSAJAGAE)

akta.pro secondary industry

Medical Malpractice Liability (FSAJADAK)

Keywords

• Medical malpractice insurance
• Professional liability coverage
• Claims defense services
• Healthcare risk management
• Specialty insurance underwriting

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Malpractice Insurance Premiums: Recurring premium payments from malpractice insurance policies covering physicians, surgeons, dentists, chiropractors, hospitals, and senior care facilities. Policies are underwritten by MedPro Group subsidiaries.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Medical Protective Corporation (MedPro Group) underwrites and sells medical malpractice insurance policies to healthcare professionals and facilities across the U.S., including physicians, surgeons, dentists, chiropractors, hospitals, and senior care facilities. The core offering pairs the insurance policy with specialty-specific claims defense, free risk management tools, and on-call expert support designed to prevent claims and protect insureds' professional reputation. The product is delivered through direct online quote/application flows and supported by a 500,000+ claims-handled defense operation.

Product overview

MedPro Group is a comprehensive malpractice insurance platform offering coverage across the entire healthcare spectrum. The portfolio includes the core MedPro Group platform covering Physicians & Surgeons, Other Healthcare Professionals (PA, NP, CRNA), Hospitals & Facilities, and Senior Care Facilities, alongside specialized sub-brands MedPro Dental for dental professionals and ChiroPreferred for chiropractors. Supporting the core insurance products are risk management services including Dynamic Risk Tools and Claims Defense Services. The company protects over 300,000 insureds and is part of Berkshire Hathaway, providing the industry's highest financial ratings (A++ from AM Best).

Differentiator

Problem solved

Functional benefit

Brands

• MedPro Dental: Dental malpractice insurance brand protecting over 45,000 dentists with the nation's leading claims defense and risk solutions.
• ChiroPreferred

Products and services

• MedPro Group Malpractice Insurance Core malpractice insurance platform offering coverage across the entire healthcare spectrum, from solo practitioners to large healthcare systems. Underwritten by MedPro Group subsidiaries.
• MedPro Dental Specialized dental malpractice insurance sub-brand underwritten by MedPro Group, protecting over 45,000 dentists with the nation's leading claims defense and risk solutions tailored for dental professionals.
• ChiroPreferred
• Physicians and Surgeons Malpractice Coverage Malpractice insurance coverage for physicians and surgeons — MedPro's founding specialty since 1899, offering industry-leading claims defense and risk management support.
• Other Healthcare Professionals Coverage
• Hospitals and Facilities Coverage
• Senior Care Facilities Coverage
• Dynamic Risk Tools
• Claims Defense Services

Quantifiable outcome

• 90% of trials result in a win for the company
• +3 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• The Doctors Company: The largest physician-owned medical malpractice insurer in the U.S., directly competing with MedPro across physicians, surgeons, hospitals, and allied health professionals with similar claims-defense-led positioning.
• MagMutual Insurance Company: Physician-led medical professional liability insurer offering malpractice coverage and risk solutions to doctors, hospitals, and healthcare systems — a clear direct competitor to MedPro.
• NORCAL Group (ProAssurance subsidiary): Medical malpractice insurer specializing in physician, dentist, and healthcare facility liability coverage, now part of ProAssurance, and a direct peer in specialty med mal underwriting.
• Coverys: Medical professional liability insurer serving hospitals, physicians, and healthcare systems with claims management and risk solutions — directly comparable to MedPro's hospital and provider offerings.
• CRICO Strategies: Harvard-affiliated medical professional liability insurer and patient safety organization providing claims defense and risk analytics to academic medical centers and physicians.
• ProAssurance Corporation: Specialty P&C insurer focused on medical professional liability for physicians, dentists, and healthcare facilities — a closely comparable specialty malpractice underwriter.

Broad incumbents

• Chubb: Global multiline insurer with a healthcare professional liability practice that competes with MedPro for hospital systems, large group practices, and complex healthcare facility accounts.
• Liberty Mutual Insurance: Large national P&C insurer offering medical malpractice and healthcare liability as part of a broader commercial insurance portfolio, competing with MedPro especially in large hospital and facility accounts.
• CNA Financial: Major commercial P&C carrier with a healthcare professional liability book serving hospitals, physicians, and senior care providers — a broader portfolio peer to MedPro.
• Markel Group: Specialty insurer with medical malpractice and healthcare liability offerings across physicians, dentists, and facilities, often overlapping with MedPro's specialty sub-brands and hospital book.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/medical-protective-corporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Medical Protective Corporation