About Medmarc®
| Medmarc® is the leading expert in the products liability risks facing medical technology and life sciences companies. |
Industry Specialists. As a policyholder controlled company, we have deep knowledge of your unique products liability risks. We thrive on developing effective solutions to complex insurance needs and offer coverage that is tailored to your company. We believe in impartial underwriting, conscientious claims management and collaborative risk management solutions.
To provide superior, comprehensive protection, we partner with The Hartford and Biomedic-Insure to offer additional lines coverage.
Governed by the Industry. We are governed by a board of directors that is composed of leaders in the medical technology and life sciences industry. An experienced management team stands behind our commitment to serve the industry, through all market cycles.
Aligned with the Industry. AdvaMed has selected Medmarc and its strategic alliance partner, The Hartford, as its preferred provider of risk management services for its members. We also work closely with IMDA, an association of sales and distribution organizations that specialize in bringing innovative medical technologies to market.
Created as the Industry Solution. Medmarc was founded in 1979 by HIMA (the Health Industry Manufacturers Association)—now AdvaMed, the world’s largest medical technology association. At that time, members of the Association—manufacturers of medical devices and clinical laboratory products—had fallen victim to extreme "hard market" conditions. Products liability insurance premiums were commonly doubled, tripled or, just as likely, insurers decided not to renew products liability coverage at any price.
Faced with this insurance crisis, HIMA members rallied around the concept of an industry-controlled insurance program. Medmarc was the solution for the industry then and remains so today. Learn More
Our Mission, Vision and Values
Our mission and vision reflect our origins and underpin our continuing, long-term commitment to the medical technology and life sciences industry. Our core values direct our relationships with our policyholders, brokers, employees and business partners. We bring a commitment to quality, ethics, professionalism and integrity to everything we do.