About Preferred Physicians Medical
Preferred Physicians Medical is a company based in Overland Park (United States) founded in 1987 was acquired by NORCAL Group in November 2016.. Preferred Physicians Medical offers products and services including Liability Insurance, Risk Management Resources, and Claims Handling. Preferred Physicians Medical operates in a competitive market with competitors including MedMal Direct Insurance Company, NORCAL Group, ROYAL CHARTERED INSURANC, BETA Healthcare Group and Roemer Insurance, among others.
- Headquarter Overland Park, 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 Preferred Physicians Medical Risk Retention Group
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Annual Revenue
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Net Profit
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
NORCAL Group
(Nov 04, 2016)
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Products & Services of Preferred Physicians Medical
Preferred Physicians Medical offers a comprehensive portfolio of products and services, including Liability Insurance, Risk Management Resources, and Claims Handling. 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.
Covers medical malpractice claims for anesthesia practices
Provides tools and seminars for risk mitigation in healthcare
Assists with reporting and managing insurance claims
Funding Insights of Preferred Physicians Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Preferred Physicians Medical
Preferred Physicians Medical has secured backing from 1 investor. Prominent investors backing the company include NORCAL Group. 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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Insurance brokerage services are offered by NORCAL Group.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Preferred Physicians Medical
| 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 - Preferred Physicians Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Preferred Physicians Medical Comparisons
Competitors of Preferred Physicians Medical
Preferred Physicians Medical 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 Roemer Insurance, 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 |
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| 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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Provides liability insurance and credentialing services for healthcare.
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Trucking insurance coverage is provided to transportation firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Preferred Physicians Medical
Frequently Asked Questions about Preferred Physicians Medical
When was Preferred Physicians Medical founded?
Preferred Physicians Medical was founded in 1987.
Where is Preferred Physicians Medical located?
Preferred Physicians Medical is headquartered in Overland Park, United States. It is registered at Overland Park, Kansas, United States.
Who is the current CEO of Preferred Physicians Medical?
Wade Willard is the current CEO of Preferred Physicians Medical.
What does Preferred Physicians Medical do?
Preferred Physicians Medical was established in 1987 as a liability insurance carrier focused on the medical sector. Operations are centered in Overland Park, United States, where coverage is provided for physicians against professional risks. Services include risk management and claims handling tailored to healthcare providers. The company is led by CEO and President Wade Willard, with a domain of ppmrrg.com supporting its online presence.
Who are the top competitors of Preferred Physicians Medical?
Preferred Physicians Medical's top competitors include Butter, MedMal Direct Insurance Company and NORCAL Group.
What products or services does Preferred Physicians Medical offer?
Preferred Physicians Medical offers Liability Insurance, Risk Management Resources, and Claims Handling.
Who are Preferred Physicians Medical's investors?
Preferred Physicians Medical has 1 investor. Key investors include NORCAL Group.