Indigo launches AI platform for medical professional liability coverage

Indigo Insure LLC, a managing general agent based in Nashville, Tennessee, said Tuesday it has launched an artificial intelligence insurance platform offering medical professional liability coverage to physicians and medical groups.

Coverage is written by Indigo Risk Retention Group Inc., a member-owned liability insurer domiciled in South Carolina that is sponsored by Chicago-based fronting insurer Concert Group Holdings Inc.

Limits of up to $1 million per occurrence and $3 million aggregate are available to physicians, mostly solo and small practices, across all specialties, said Jared Kaplan, Indigo co-founder and CEO, who is based in Miami. The coverage includes physician-centric defense, according to an Indigo statement.

Coverage is available in Illinois, Ohio and Washington, and more states will be added in coming weeks, Mr. Kaplan said.

Indigo uses its AI and machine learning model to produce data-driven bound quotes and tailored pricing in real time on behalf of the RRG, he said.

“We take about 2,300 attributes, everything from your prescription data, the services you’re offering, patient outcomes and the most interesting socio-economic and political data that ends up being really predictive on whether a doctor is going to get a claim in the next year,” Mr. Kaplan said.

Indigo is backed by health care and technology investment firms Rubicon Founders LLC and Oak HC/FT Management Co. LLC, with additional funding from Optum Ventures and other investors.

AMA Insurance Agency Inc., a subsidiary of the American Medical Association, is selling the coverage. It will also be distributed through various agencies, including several national and specialty medical malpractice firms.