EmPRO Insurance: PRI’s MPL Subsidiary for New York Physicians
Physicians’ Reciprocal Insurers (PRI) launched EmPRO Insurance Company on September 15, 2020, to provide medical professional liability (MPL) insurance in New York. EmPRO, administered by PRIMMA LLC—PRI’s attorney-in-fact—aims to offer physicians a stable insurance solution supported by PRI’s financial resources.
Initially focused on New York, EmPRO has since expanded to cover additional states in the Northeast, including New Jersey, Pennsylvania, and Connecticut, providing more healthcare professionals with access to its coverage.
3 Key Developments Since EmPRO Insurance Company’s Launch
Since its start, EmPRO Insurance has shown a strong commitment to serving healthcare professionals. Here are some key developments:
- Financial Strength and Growth
Since its launch, EmPRO has demonstrated strong financial performance, reporting admitted assets of $395.8 million and a surplus of $112.1 million by the end of 2022. This financial health ensures that EmPRO can reliably meet claims and maintain stable premiums for policyholders in a challenging market.
- Service and Industry Recognition
EmPRO has been recognized for its high-quality services, including Continuing Medical Education programs for physicians. It has won awards from the Brandon Hall Group and Apex Awards for excellence in educational support. These achievements underscore EmPRO’s commitment to providing its policyholders with more than just financial coverage.
- Regional Expansion
Initially focused on New York, EmPRO expanded in 2024 with a new office in Hamilton, New Jersey. This regional expansion extends EmPRO’s reach to New Jersey, Pennsylvania, and Connecticut, providing healthcare professionals in the Northeast with a trusted MPL insurer.
Common Questions About EmPRO Insurance
- How does EmPRO differ from PRI?
EmPRO operates as a solvent subsidiary with independent financial reserves, while PRI handles run-off claims and legacy liabilities. This structure allows EmPRO to offer coverage without the financial concerns previously associated with PRI.
- Who manages EmPRO policies?
PRIMMA LLC administers both EmPRO and PRI, ensuring seamless service and consistent policy management for all clients.
- Can PRI policyholders transition to EmPRO?
Yes, current PRI-insured physicians are transitioned to EmPRO upon renewal, providing uninterrupted coverage under a solvent carrier.
EmPRO Insurance’s 4 Keys to Success
EmPRO’s quick turnaround is due to several key strategies:
- Disciplined Underwriting: The company revamped its underwriting process, cutting the loss ratio from the mid-80s to the low 60s.
- Efficient Claims Management: EmPRO set up an in-house law firm to handle claims effectively, achieving a 95% success rate in trials.
- In-House Legal Services: EmPRO set up an in-house law firm to service insureds and try cases, leading to cost savings and lower premiums.
- Enhanced Broker Relationships: These actions have reduced operating costs and premiums, benefiting both clients and the company.
EmPRO Insurance: Expertise from Cunningham Group
For physicians seeking stable, trustworthy malpractice coverage, EmPRO offers a reliable solution in New York and the broader Northeast region. The Cunningham Group team is here to help you find and evaluate a large network of providers to ensure you get the best coverage for your practice.
Get a quote today to learn more about how we can support your professional liability needs.
*This article has been updated with new information
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