| Medical Malpractice Insurance, 2007-2016 |
($000)
|
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2007 |
$9,958,513 |
-4.0% |
84.7 |
-5.9 pts. |
| 2008 |
9,521,113 |
-4.4 |
79.2 |
-5.5 |
| 2009 |
9,206,794 |
-3.3 |
85.5 |
6.3 |
| 2010 |
9,096,345 |
-1.2 |
88.9 |
3.4 |
| 2011 |
8,833,365 |
-2.9 |
88.0 |
-1.0 |
| 2012 |
8,713,595 |
-1.4 |
93.1 |
5.2 |
| 2013 |
8,531,233 |
-2.1 |
89.4 |
-3.8 |
| 2014 |
8,475,474 |
-0.7 |
106.0 |
16.6 |
| 2015 |
8,201,438 |
-3.2 |
102.3 |
-3.7 |
| 2016 |
8,194,585 |
-0.1 |
106.4 |
4.1 |
(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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