Indigo doubles malpractice premiums to $20M on automated underwriting
What's the deal? Indigo, an AI-driven medical professional liability insurance platform, has surpassed $20 million in premiums, doubling its premium volume since it announced US$32.4M Series B round in January. The company credited growth to more business from larger physician groups, an expanding broker network, and wider use of automated underwriting.
What does Indigo do? It uses AI to assess malpractice risk at the individual physician level rather than pricing entire groups. Indigo says this lets lower-risk physicians within a practice be priced by their own risk profiles.
Why now? The growth comes amid rising medical malpractice claim severity, large jury verdicts, and higher insurance costs for physicians and medical groups. "With claim severity trending upward, precision in how we assess risk is more important than ever," said chief executive officer Jared Kaplan.
By the numbers: About 40% of submissions now receive an automated underwriting decision, more than twice the rate a year ago. Indigo reported a median quote turnaround of less than one business day and said it is on pace to process more than 10,000 submissions this year with five underwriters.
What's the endgame? Indigo plans to keep expanding its technology and product offerings as it scales. "We're proving that you can build a technology-driven insurance platform without compromising on the fundamentals of underwriting," Kaplan said. The company was also named to CB Insights' 2026 Insurtech 50.
The signal: Indigo's growth shows how insurtechs are applying automation to underwriting in complex, high-severity lines like medical malpractice — segments long dependent on manual, expert judgment. Whether AI-led pricing holds up as claims mount will test the model's durability.
Read more: medicalliabilitymonitor.com
Image credit: AMISOM Public Information
