The cost of Medical Indemnity Insurance in Australia is significantly lower than the UK.
A recently arrived UK GP received the following quotes from the major Indemnity Insurers. The insurance cost was based on an estimated first year income of $250,000, working in standard General Practice.
Both funds give a discount for the first 4 years of practice in Australia. After the first 4 years the annual fee is very similar for both funds. The undiscount insurance cost after 4 years would be around $5000 or £2800.
Austmedics introduces all GPs to both MDA and Avant to secure the discounts. Austmedics has no financial interest in either company.