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Indigo Risk Retention Group surpasses $20M in premiums

The company said about 40% of submissions now get an automated underwriting decision, and it expects to process more than 10,000 submissions this year.

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Indigo Risk Retention Group, a medical professional liability insurance platform, said it has surpassed $20 million in premiums, doubling its premium volume since it announced a $50 million Series B in January 2026, according to Coverager.

The company attributed the growth to an expanding broker network, increased adoption among larger physician groups, and strong conversion rates. Indigo also said roughly 40% of submissions now receive an automated underwriting decision, more than double last year’s rate, and that its median quote turnaround is under one business day.

Indigo said it expects to process more than 10,000 submissions this year with five underwriters. It also said it assesses risk at the individual physician level rather than relying only on group-level pricing, aiming to avoid lower-risk physicians subsidizing higher-risk colleagues within a practice.

Coverage is issued by Indigo Risk Retention Group, which the company says holds an A- f rating, and it plans to expand its product offering while continuing to develop its technology, Coverager reported.

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