Policyholder Services

Is OMIC’s ability to pay claims limited by the amount of capital it has?

No. OMIC has three sources of funding for the payment of claims. First, OMIC collects premiums that are actuarially developed to cover anticipated losses. In addition, OMIC purchases its own insurance, called “reinsurance”, to cover the costs of very large claims. We obtain much of our reinsurance from one of the most well-respected reinsurers in the world: Lloyds of London. Furthermore, OMIC maintains significant surplus to act as a buffer against an unlikely instance in which the premium and reinsurance are insufficient to cover the company’s actual losses.

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

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OMIC's sole mission is to serve ophthalmology. The premier source of ophthalmic claims data and loss prevention materials, OMIC's member hotline is the most used ophthalmic consultative service of its kind and OMIC.com is the most visited web site in America for ophthalmic risk management advice and patient consent documents.