About PICA
PICA is a company based in Memphis (United States) founded in 1980 was acquired by ProAssurance in April 2009.. PICA offers products and services including Professional Liability, Cyber Liability, and Risk Management. PICA operates in a competitive market with competitors including MedMal Direct Insurance Company, NORCAL Group, ROYAL CHARTERED INSURANC, BETA Healthcare Group and Preferred Physicians Medical, among others.
- Headquarter Memphis, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Picagroup
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
ProAssurance
(Apr 01, 2009)
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Products & Services of PICA
PICA offers a comprehensive portfolio of products and services, including Professional Liability, Cyber Liability, and Risk Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for errors and omissions in professional services.
Protection against data breaches and cyber threats for businesses.
Assistance in reducing risks and managing incidents for policyholders.
Funding Insights of PICA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PICA
PICA has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ProAssurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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liability insurers for healthcare professionals/entities, medical technology, life sciences products, & workers’ compensation
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PICA
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PICA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pica Comparisons
Competitors of PICA
PICA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MedMal Direct Insurance Company, NORCAL Group, ROYAL CHARTERED INSURANC, BETA Healthcare Group and Preferred Physicians Medical, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Medical malpractice insurance is offered directly to healthcare professionals.
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| domain | founded_year | HQ Location |
Insurance brokerage services are offered by NORCAL Group.
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| domain | founded_year | HQ Location |
Provider of business insurance services
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| domain | founded_year | HQ Location |
Provides liability insurance and credentialing services for healthcare.
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| domain | founded_year | HQ Location |
Liability insurance is offered to medical professionals.
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| domain | founded_year | HQ Location |
Trucking insurance coverage is provided to transportation firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about PICA
When was PICA founded?
PICA was founded in 1980.
Where is PICA located?
PICA is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
What does PICA do?
PICA was founded in 1980 and is headquartered in Memphis, United States. Operations are centered on the insurance sector, with a focus on medical professional liability coverage. Services are extended to healthcare providers, including physicians and facilities, to address risks associated with medical practice. Coverage options are tailored to mitigate legal and financial exposures in the field. The company maintains an online presence through picagroup.com for policy management and inquiries.
Who are the top competitors of PICA?
PICA's top competitors include Butter, MedMal Direct Insurance Company and NORCAL Group.
What products or services does PICA offer?
PICA offers Professional Liability, Cyber Liability, and Risk Management.
Who are PICA's investors?
PICA has 1 investor. Key investors include ProAssurance.