Global Professional Liability Insurance Market is valued approximately USD 39.52 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 2.92% over the forecast period 2019-2026. Professional liability insurance, also called professional indemnity insurance or errors & omissions, is a form of liability insurance which helps protect professional advice and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. Rise in the disposable income of consumers and the escalating number of policyholders are the factors responsible for high CAGR of the market. Rising traction from the technological approaches, such as digitalization and cloud computing is the factor that offers growth opportunities. Additionally, increase in per capita GDP in emerging economies is contributing towards growth of global Professional Liability Insurance market. Further, rising pool of high net-worth individuals and the upswing in the possession of fiscal assets that regulates their demand across various regions.
However, limited profit margins and soft pricing strategies that is anticipated to hamper the market growth during the forecast period. The regional analysis of global Professional Liability Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
Major market player included in this report are:
Chubb (ACE)
AIG
Hiscox
Allianz
Tokio Marine Holdings
XL Group
AXA
Travelers
Assicurazioni Generali
Doctors Company
Marsh & McLennan
Liberty Mutual
Medical Protective
Aviva
Zurich
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Medical Liability Insurance
Lawyer Liability Insurance
Construction & Engineering Liability Insurance
Other Liability Insurance
By Application:
Up to $1 Million
$1 Million to $5 Million
$5 Million to $20 Million
Over $20 Million
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Professional Liability Insurance Market in Market Study:
Summary: Get latest Market Research Reports on Professional Liability Insurance . Industry analysis & Market Report on Professional Liability Insurance is a syndicated market report, published as Global Professional Liability Insurance Market Size study, by Type (Medical Liability Insurance, Lawyer Liability Insurance, Construction & Engineering Liability Insurance, Other Liability Insurance), Application (Up to $1 Million, $1 Million to $5 Million, $5 Million to $20 Million, Over $20 Million) and Regional Forecasts 2019-2026. It is complete Research Study and Industry Analysis of Professional Liability Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.