Positive Physicians Insurance Company and Preverity Announce Transformative Medical Malpractice Partnership – InsuranceNewsNet

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BERWYN, Pa., 06 September 2022 (GLOBE NEWSWIRE) — Positive Doctors insurance company(“Positive”), a leading professional liability insurer serving healthcare providers in 10 states, and Preverity, Inc., the nation’s leading analytics firm focused on improving risk prediction for medical malpractice insurers and healthcare systems, today announced a partnership that will see Positive implement Preverity’s enterprise product to significantly enhance its underwriting, underwriting and operational efficiency.

“Preverity is a forward-thinking technology company that is transforming the MPL industry with its risk prediction platform and advanced data analytics. These tools will improve our understanding of physician practices, improve underwriting integrity, risk management and claims handling capabilities, all of which translate to better business decisions,” said the CEO of Positive Michel Roque. “They provide us with the complete package – an innovative product, an expert healthcare and customer-focused team, and the vision to help us transform the business. The partnership will allow Positive to focus on the selection and l assessing risk, pricing integrity and improving underwriting efficiency, while responsibly developing and attracting top talent.”

“We are thrilled to partner with Positive to help them transform their business through the effective use of proven actuarial analytics tools,” said Preverity’s COO. Gene Borger.

Founded in 2002, Berwyn, Pennsylvania-based Positive provides medical malpractice insurance coverage for doctors, medical personnel and medical groups. “We have strong profitability and growth initiatives and our partnership with Preverity will help us achieve these goals, while providing us with industry-leading tools to better manage risk,” Roque said.

NashvillePreverity was founded in 2016 and serves many of the leading medical malpractice insurers as well as healthcare systems. The company has built an unparalleled database covering over 80% of WE physicians, including a comprehensive medical billing history, over 80 billion provider transactions, training and disciplinary action, providing its clients with unparalleled insight. Building on this database, Preverity data scientists built comprehensive models to identify risk mitigation and pricing opportunities.

About Positive Physicians Insurance Company

Positive Doctors insurance companya Pennsylvania-domiciled insurance company, is a wholly owned subsidiary of Positive Physicians Holdings, Inc. The company underwrites medical malpractice coverage for physicians, their companies, medical groups, clinics and related health care providers . Medical professional liability insurance protects physicians and other health care providers against liability arising from the provision or inability to provide professional medical services. Positive Doctors insurance company offers loss cover, loss cover plus, event based policies as well as tail cover in Pennsylvania, New Jersey, Ohio, Delaware, Maryland, Caroline from the south, Michigan, Florida, Texasand Georgia. For more information, please visit www.positivephysicians.com.

About Preverity

Preverity, Inc. is an InsurTech analytics company focused on automation and advanced underwriting for the medical malpractice insurance and healthcare systems industries. Preverity automates risk assessment, fare class placement, application completion, renewal automation, portfolio monitoring and targeted marketing to streamline processes and automate underwriting. For more information, please visit www.preverity.com.

contactsShaun S.FisherSenior Vice President of Marketing and Business Development
(610) 644-5262

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Source: Positive Physicians Insurance Company

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