InsurTech Magazine August 2025 | Page 50

MAGMUTUAL
“ We’ re headquartered in Atlanta. We serve over 40,000 healthcare providers and organisations nationwide and offer a comprehensive suite of insurance products.”
But MagMutual’ s offerings extend far beyond traditional malpractice coverage.“ At its core, MagMutual is committed to protecting and empowering healthcare professionals,” Sallie continues.“ That’ s why we offer customised advice, exceptional claim support and consistent financial benefits.”
The company’ s physician-led governance ensures that every decision is made in the policyholders’ best interest.
“ It’ s our number one precept,” Sallie says.“ Our evolution has been marked by continuous innovation and initiatives with our products and services that really demonstrate the focus on our PolicyOwners.”
How are AI and data analytics transforming medmal? The real engine of MagMutual’ s transformation is its embrace of AI and advanced data analytics. These technologies are reshaping how the company manages risk, automates workflows, and delivers a more personalised customer experience.
“ AI analytics have really shifted how we operate,” Vijay says.“ Instead of reacting to issues after they happen, we are now able to anticipate them and act before they escalate, which is so useful for our PolicyOwners.”
This proactive approach is made possible by blending structured data
– such as claims histories – with unstructured sources like call logs and transcripts.“ This combination helps us identify early risk signals, triage more effectively and tailor support to each of our customers’ individual needs,” Vijay explains.
AI enables MagMutual to improve the way it handles underwriting submissions.“ AI is helping us process submissions faster. But it’ s not just about speed. It also captures the nuanced risk factors that really matter in medmal,” Vijay says.“ We are not only just making the decisions faster – we are making them smarter, too.”
50 August 2025