Healthcare providers spend roughly $20B annually on premiums for medical professional liability (“MPL”) insurance, $5-6B of which is spent for physicians. Incumbent carriers utilize outdated risk selection, underwriting, and sales processes. For the first time in 10 years, The MPL market is currently in a hardening cycle. While incumbent carriers are increasing rates to make up for underwriting losses, the environment is ripe for an innovative disruptor to capture market share by deploying artificial intelligence.
Rubicon Founders, an entrepreneurial firm focused on building and growing transformational healthcare companies, has launched Indigo to address this issue. Backed by Oak HC/FT, this company will disrupt the medical professional liability market by offering more competitive products to providers. Benefitting from significant potential cost savings as a result, providers may reallocate resources to invest more directly in patient or staff care. This company intends to fulfill Rubicon Founder’s mission of creating enduring value by impacting people in a measurable way.
Reporting to the Chief Product Officer, Jason Foucher, the Product Manager will drive the launch and growth of Indigo by leading the execution of a go-to-market strategy and product roadmap. The ideal candidate is a user-oriented team player who understands market dynamics and will actively contribute to Indigo’s overall goals.