The medical professional liability (MPL) insurance market appears to be slowly and steadily getting softer, and it will likely be a few years before the market hardens—the underlying facts don’t support a quick turnaround on rates.

Insurance companies might want to begin thinking outside the box to protect and expand market share and profits. Fortunately, the industry is well-positioned in terms of expertise and finances as it rouses itself to address these challenges.

This article was first published in Medical Liability Monitor.