2020 Chairman's Message
AHPIA was founded by medical teaching professionals exclusively to meet the unique professional liability insurance needs of clinical educators and physician faculty in the state of New York. The founding principal of protecting the physicians and health professionals who teach and serve as role models for today’s medical learners remains a beacon. AHPIA provides a backbone of medical professional liability protection. Our physicians work in every venue of medical practice: primary care, surgical care, “front-line” care, and “safety-net” care.
AHPIA is wholly owned and governed by our subscribers. Insuring the future of medicine, AHIPIA works with practice plan and hospital partners to identify and mitigate risk in the clinical academic environment.
AHPIA is a member of the Medical Professional Liability (MPL) Association. MPL Association affiliate partners consist of those entities that provide products and services to the MPL industry. The Medical Professional Liability Association promotes, protects, educates, and connects medical professional liability insurers in the support of the quality delivery of healthcare and practice of medicine. The MPL industry is keeping pace with disruptive forces in healthcare, the challenges of enterprise risk management and the impact of catastrophic cases.
Now at the mid-point of 2020, the company has supported the medical professionals by providing flexibility, and corrective underwriting to match a physician’s practice during the disruption of a global pandemic. Our collective company will continue to support our subscribers as they provide front-line care in this challenging time of unrest in our communities.
AHPIA provides MPL coverage (primary and excess) for faculty physicians and dentists, and advanced practice providers. Policies are customized to the distinctive role of the physician educator/researcher. AHPIA utilizes an experienced claims team and strong service oriented defense teams.
Our new and updated “Articles of Association” have been approved by the DFS (Department of Financial Services). With this change, the company has reorganized board seat requirements in order to balance subscriber representation and to be assisted by industry expert board members. The board committees have been re-established and operate in accordance with the National Association of Corporate Directors best practices.
For 2020 Academic has aligned with a new investment manager, Wilmington Trust, a company local to Buffalo and well engaged in advancing our financial strength. Also for 2020 Academic has shifted the claims department and claims management to ESIS, a subsidiary of Chubb. In this alliance, Academic leverages a robust data analytics tool that will advance efficient claim management and inform risk mitigation strategies.
The fiscal improvement of Academic is the result of a restructuring effort examining all aspects, strengths and opportunities in order to advance in a “lean” and relevant fashion. Over the last five years, the financial position of AHPIA has improved steadily. At the conclusion of Q1 2020, the deficit in reserves is at $11.4M dollars, a positive shift of $70.5M
AHPIA is well positioned for strength, advancement and now expansion. Led by a strong executive team, an engaged board and a loyal and experienced staff. Efficient and professional legal counsel both to the company and to the board as well as a respectful and supportive alliance with the DFS engenders a culture of progress and innovation.
AHPIA is wholly owned and governed by our subscribers. Insuring the future of medicine, AHIPIA works with practice plan and hospital partners to identify and mitigate risk in the clinical academic environment.
AHPIA is a member of the Medical Professional Liability (MPL) Association. MPL Association affiliate partners consist of those entities that provide products and services to the MPL industry. The Medical Professional Liability Association promotes, protects, educates, and connects medical professional liability insurers in the support of the quality delivery of healthcare and practice of medicine. The MPL industry is keeping pace with disruptive forces in healthcare, the challenges of enterprise risk management and the impact of catastrophic cases.
Now at the mid-point of 2020, the company has supported the medical professionals by providing flexibility, and corrective underwriting to match a physician’s practice during the disruption of a global pandemic. Our collective company will continue to support our subscribers as they provide front-line care in this challenging time of unrest in our communities.
AHPIA provides MPL coverage (primary and excess) for faculty physicians and dentists, and advanced practice providers. Policies are customized to the distinctive role of the physician educator/researcher. AHPIA utilizes an experienced claims team and strong service oriented defense teams.
Our new and updated “Articles of Association” have been approved by the DFS (Department of Financial Services). With this change, the company has reorganized board seat requirements in order to balance subscriber representation and to be assisted by industry expert board members. The board committees have been re-established and operate in accordance with the National Association of Corporate Directors best practices.
For 2020 Academic has aligned with a new investment manager, Wilmington Trust, a company local to Buffalo and well engaged in advancing our financial strength. Also for 2020 Academic has shifted the claims department and claims management to ESIS, a subsidiary of Chubb. In this alliance, Academic leverages a robust data analytics tool that will advance efficient claim management and inform risk mitigation strategies.
The fiscal improvement of Academic is the result of a restructuring effort examining all aspects, strengths and opportunities in order to advance in a “lean” and relevant fashion. Over the last five years, the financial position of AHPIA has improved steadily. At the conclusion of Q1 2020, the deficit in reserves is at $11.4M dollars, a positive shift of $70.5M
AHPIA is well positioned for strength, advancement and now expansion. Led by a strong executive team, an engaged board and a loyal and experienced staff. Efficient and professional legal counsel both to the company and to the board as well as a respectful and supportive alliance with the DFS engenders a culture of progress and innovation.
Andrea T. Manyon, M.D.
Chair, Board of Governors, AHPIA
Professor of Family Medicine
Jacobs School of Medicine
Chair, Board of Governors, AHPIA
Professor of Family Medicine
Jacobs School of Medicine
