Rhode Island Medical Professional Liability Insurance Profitability (2023)

In 2023, Medical Professional Liability insurers earned $38.6M in premiums in Rhode Island and ran a 71.9% loss ratio — the 10th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

Rhode Island loss ratio

71.9%

14.3% above national

Premiums earned

$38.6M

Underwriting profit

-14.2%

Nationally, Medical Professional Liability ran a 57.6% loss ratio in 2023, so Rhode Island is above the national average. See how every state compares on the Medical Professional Liability market page.

Getting Medical Professional Liability coverage in Rhode Island

See recent Rhode Island rate filings on the Rhode Island rate page, learn how Medical Professional Liability works in our Medical Professional Liability guide, then compare real quotes for your business.

Compare Rhode Island Medical Professional Liability Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.