2018 Members Report

We recently published our 2018 Members Report. Policyholders should receive their copy within a few weeks. Our specialty and our industry are changing fairly rapidly. We discuss your company’s leadership in an unsteady environment.

In this report:

MESSAGE FROM THE CHAIR George Williams, MD discusses the changes occurring in our specialty.

MESSAGE FROM THE CEO Tim Padovese celebrates another stand-out year by announcing some big news.

FINANCIAL HIGHLIGHTS Robert Wiggins MD highlights two OMIC financial and operational metrics that show our superior performance compared to multispecialty carriers.

2018 Members Report

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Six reasons OMIC is the best choice for ophthalmologists in America.

Best at defending claims.

An ophthalmologist pays nearly half a million dollars in premiums over the course of a career. Premium paid is directly related to a carrier’s claims experience. OMIC has a higher win rate taking tough cases to trial, full consent to settle (no hammer) clause, and access to the best experts. OMIC pays 25% less per claim than other carriers. As a result, OMIC has consistently maintained lower base rates than multispecialty carriers in the U.S.