American Physicians Service Group, Inc. · Austin, TX United States ·(NASDAQ (CM): AMPH)
Company Description
Phone: 512-328-0888
Fax: 512-314-4398
Toll Free: 800-252-3628
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Medical claims are nothing new; neither is the need for doctors to protect themselves against lawsuits. American Physicians Service Group is a liability insurance writer and provider for medical professionals through its wholly-owned subsidiary American Physicians Insurance Company (API). It insures about 5,000 individual doctors and group practices primarily in Texas, but also in Arkansas and Oklahoma. Approximately 99% of its premiums are written through purchasing groups. The group sells its insurance products through independent agents and reinsurance brokers. About one-fifth of its premiums come from selling directly to policyholders. To read the full description, subscribe now.
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Key American Physicians Service Group, Inc. Financials
| Company Type | Public - NASDAQ (CM): AMPH Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $74.7 |
| 2008 Employees | 102 |
American Physicians Service Group, Inc. Executives
11 executives listed for American Physicians Service Group, Inc.'s Austin, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Kenneth Shifrin | Network |
| President, COO, and Director | Timothy LaFrey | Network |
| VP and CFO | Mark Zimmerman | Network |
Competition
Competitive Landscape for American Physicians Service Group, Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top American Physicians Service Group, Inc. Competitors
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