Indigo launches medical professional liability insurance

Indigo has launched its new medical professional liability insurance platform, “utilizing artificial intelligence to revolutionize this once conventional industry.”

Founded in 2023, Indigo is backed by Rubicon Founders and Oak HC/FT, with additional funding from Optum Ventures and other strategic investors. Some of its team members include former employees of Embroker, Noblr, Jetty and Huckleberry.

The medical professional liability coverage will feature “customized pricing for physicians and a streamlined experience for brokers.” Indigo policies will carry an A- (Excellent) rating by AM Best by qualifying as a member of Concert Insurance Group’s rating unit.

According to its site, medical professional liability insurance is provided by Indigo Risk Retention Group.

AMA Insurance Agency, a subsidiary of the American Medical Association, is now working exclusively with Indigo to bring this innovative medical malpractice insurance solution to physicians.

“It’s time to rethink medical professional liability. We’re excited to partner with AMA Insurance, select premier brokers and an impressive team of executives, advisors, and investors who are passionate about modernizing this industry. With a team that blends exceptional talent from both medical malpractice and financial technology industries, we have created the best product available for physicians and brokers.” – Jared Kaplan, Indigo’s co-founder and CEO.

“Throughout my career in medical professional liability insurance, I knew there had to be a better way to underwrite and price physician coverage. Until recently, the data, analytical software and computing power just weren’t available. Now, Indigo has brought together the people and technology to make it happen and I believe it will change the industry.” – Howard Friedman, former president of Healthcare Professional Liability at ProAssurance, and board member of Indigo.