History

1988

MIPS is established to protect the interests of healthcare professionals and students in 1988 by the Medical Protection Society (MPS) UK.

1998

MIPS separates from its UK parent with approximately 3,000 members

2001

Distress of major indemnity insurers in Australia, including the collapse of general insurer HIH (considered to be the largest corporate collapse in Australian history). MIPS remains stable.

2002

The collapse of United Medical Protection (UMP) in May, which at the time had 50% of Australian doctors professional indemnity with. Australian Government announced medical indemnity insurance legislation changes. 

2003

Government announces that it will bring all medical indemnity insurance under the Insurance Act and supervision by AHPRA. Introduction of Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 on 1 July 2003.

2004

Queensland Doctors’ Mutual Limited (QDM) merges with MIPS on 31 August.

2008

20 years providing assistance and protection to healthcare practitioners. West Australian office opens.

2010

Dr Troy Browning becomes Managing Director of MIPS.

2011

The new MIPS members online area 'My Membership' is introduced and is very well received, with over one third of members accessing the new system. MIPS membership exceeds 30,000.

2013

Online free webinars are introduced as part of the Spring 2013 Risk Education Program, offering members an alternative and convenient way to receive education and CPD.

2014

MIPS membership exceeds 40,000 members and $250 million in net assets.

2015

Over 1,200 members participate in a MIPS professional development activities. MIPS total assets exceed $500 million.

2017

MIPS membership exceeds 50,000 members.

Future

MIPS continues to grow and innovate while maintaining its stability and quality of service to members

+

MIPS is a not-for-profit organisation formed to:

  • support and protect the character and interests of its members;
  • promote honourable and discourage irregular practice;
  • consider, originate, promote and support or oppose legislative or other measures affecting members

MIPS’ main role is to assist members in the event that there is an adverse outcome in the course of their professional practice. This assistance includes collegiate support and understanding, in addition to the management of complaints and claims against members.

Download a copy of the MIPS Constitution.

Health professionals are involved in both governance and management of MIPS.  MIPS is proud of its personalised clinico-legal service to members from fellow health practitioners, as well as the array of additional benefits afforded to members.

ABN 64 007 067 281
AFSL 301912

MIPS Insurance

In response to the significant changes in medical indemnity effective 1 July 2003, MIPS established MIPS Insurance Pty Ltd, a wholly owned subsidiary to ensure MIPS members had access to efficient and effective medical indemnity insurance.

Only MIPS members have access to insurance cover provided by MIPS Insurance.

MIPS Insurance is subject to the prudential supervision of the Australian Prudential Regulation Authority (APRA)

ABN 81 089 048 359
AFSL 247301