Rising insurance costs and the lack of affordable insurance for medical malpractice have resulted in doctors banding together for placement of their medical malpractice coverage. As a group, they have greater purchasing power and can consider additional alternatives that individual physicians are not offered. The same holds true for a wide range of health care facilities.

Physician Groups and Health Care Facilities frequently consider opportunities in Alternative Funding structures as a way to participate financially in their medical malpractice insurance, and thus, ultimately, have a greater impact over medical malpractice costs.

Alternative Funding structures which may be considered include (but are not limited to):

• Association Captives.
• Risk Retention Groups.
• Risk Purchasing Groups.
• Fully Funded Arrangements.

These arrangements are often complex, requiring proper integration of:

• Insurance company requirements;
• Risk assumption levels;
• Regulatory requirements;
• Claims handling services: and
• Appropriate emphasis on loss reduction risk management techniques.

Intercorp currently provides assistance in the development and placement of physician and health care groups interested in the formation of one of these programs. Our experience in the various options and considerations are a valuable resource in guiding the group to the most cost efficient structure for its members.

Intercorp does not provide markets for individual medical malpractice accounts.

Contact Us for more information.