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MagMutual provides medical professional liability insurance for physicians and hospitals and backs it with The Institute at MagMutual, a healthcare risk-management and consulting service. The core product is liability coverage paired with access to a multidisciplinary team of experts who offer financial, clinical, regulatory, and business risk-management guidance and practice-improvement advice. The company differentiates itself by turning insurance into a coordinated risk-management platform through hands-on risk assessment, performance improvement support, a transparent, team-based culture, and a policyholder-owner approach, backed by a long track record since 1982 and a strong A.M. Best rating. Its goal is to protect and support medical professionals and organizations by providing reliable protection and practical resources to manage healthcare risks and enhance practice performance.
Industries
Consulting
Healthcare
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$100M
Headquarters
Raleigh, North Carolina
Founded
1981
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Total Funding
$100M
Above
Industry Average
Funded Over
1 Rounds
MagMutual launches MyAdvice: A new model for reducing malpractice risk. ATLANTA-(BUSINESS WIRE)-MagMutual Insurance Company, one of the nation's leading providers of medical professional liability insurance, has launched MyAdvice, a new risk consultancy and advice delivery platform designed to help healthcare providers reduce malpractice exposure and improve patient outcomes. MagMutual's research finds that PolicyOwners who complete one MyAdvice course enjoy a 3% lower loss frequency on average, while those who complete four or more courses experience as much as a 20% lower loss frequency. Share MyAdvice reflects the company's commitment to investing in data, technology, and education to support PolicyOwners at every stage of their insurance journey, from coverage selection through proprietary products to targeted education and predictive guidance. Using one of the largest, most-advanced searchable databases in the industry, spanning claims, billing, and procedure data, a team of actuaries, data scientists, and clinicians works together to identify risk patterns, develop evidence-based recommendations, and deliver them directly to providers through personalized digital tools. MagMutual's research finds that PolicyOwners who complete one MyAdvice course enjoy a 3% lower loss frequency on average, while those who complete four or more courses experience as much as a 20% lower loss frequency. "MyAdvice is a new model for risk management," said Mark Poling, CEO of MyAdvice. "We're proving that risk reduction is not just possible, it's measurable. With MyAdvice, PolicyOwners can lower their exposure, protect their patients, and strengthen their practices." The launch comes amid rising malpractice claim severity and growing provider pressures. "Insurers must do more than protect - they must lead," said Dr. Bill Kanich, Executive Chairman of MagMutual. "MyAdvice helps healthcare providers stay ahead of risk with clarity, confidence, and the right tools." About MagMutual For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, it is the largest mutual medical professional liability carrier in the U.S., delivering coverage, guidance, and defense to more than 40,000 healthcare providers and organizations nationwide. MagMutual offers customized advice, claims support, and financial benefits that result in improved outcomes and stronger PolicyOwners. For more information about MyAdvice and MagMutual's integrated model, visit www.magmutual.com.
MagMutual launches MyAdvice: A new model for reducing malpractice risk. MagMutual Insurance Company, one of the nation's leading providers of medical professional liability insurance, has launched MyAdvice, a new risk consultancy and advice delivery platform designed to help healthcare providers reduce malpractice exposure and improve patient outcomes. MyAdvice reflects the company's commitment to investing in data, technology, and education to support PolicyOwners at every stage of their insurance journey, from coverage selection through proprietary products to targeted education and predictive guidance. Using one of the largest, most-advanced searchable databases in the industry, spanning claims, billing, and procedure data, a team of actuaries, data scientists, and clinicians works together to identify risk patterns, develop evidence-based recommendations, and deliver them directly to providers through personalized digital tools. MagMutual's research finds that PolicyOwners who complete one MyAdvice course enjoy a 3% lower loss frequency on average, while those who complete four or more courses experience as much as a 20% lower loss frequency. "MyAdvice is a new model for risk management," said Mark Poling, CEO of MyAdvice. "We're proving that risk reduction is not just possible, it's measurable. With MyAdvice, PolicyOwners can lower their exposure, protect their patients, and strengthen their practices." The launch comes amid rising malpractice claim severity and growing provider pressures. "Insurers must do more than protect - they must lead," said Dr. Bill Kanich, Executive Chairman of MagMutual. "MyAdvice helps healthcare providers stay ahead of risk with clarity, confidence, and the right tools." About MagMutual. For more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, it is the largest mutual medical professional liability carrier in the U.S., delivering coverage, guidance, and defense to more than 40,000 healthcare providers and organizations nationwide. MagMutual offers customized advice, claims support, and financial benefits that result in improved outcomes and stronger PolicyOwners. For more information about MyAdvice and MagMutual's integrated model, visit www.magmutual.com.
"We're proud to be recognized by KSU and to support the development of future healthcare leaders..."
We're excited to transform this resource to make it easier, faster and more convenient for PolicyOwners to access the wealth of risk mitigation and regulatory information we offer online
MagMutual Insurance Co. named Tanner Colegrove, MD, its new chief medical officer.
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Industries
Consulting
Healthcare
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$100M
Headquarters
Raleigh, North Carolina
Founded
1981
Find jobs on Simplify and start your career today