Underwriting Statistics
OMIC specializes in underwriting professional liability insurance for
ophthalmologists in the United States. OMIC now provides this coverage
to more than 4,000 Academy members. This includes an increasing number
of insured ophthalmic groups and networks, which now make up 56% of
OMIC's overall market share.
Most OMIC insureds choose to carry $1million/$3million liability limits.
The vast majority of OMIC's insureds carry a full surgical
(surgery class 3) policy allowing them the full range of
ophthalmic surgical procedures.
OMIC currently operates in all states (coverage in WI is limited
to eye banks) and has a 40% or greater market share in 28 states.