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Major Manufacturers Analysis of Professional Liability Insurance Market 2019-2023: Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali

This report studies the Professional Liability Insurance Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Professional Liability Insurance Market analysis segmented by companies, region, type and applications in the report.

This report studies the Professional Liability Insurance market. Professional liability insurance (PLI), also called professional indemnity insurance (PII) or errors & omissions (E&O), 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.

The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability insurance may take on different forms and names depending on the profession, especially medical and legal, and is sometimes required under contract by other businesses that are the beneficiaries of the advice or service.

n most cases, growth is likely to be faster in less-developed markets than in developed ones, although much also depends on the degree to which significant competition exists among underwriters in this field and on future claims experience in each country.

Medical Professional Liability Insurance, at US$15.7 billion, accounted for the biggest chunk (40.8%) of the worldwide market pie by professional category. That was followed by approximately US$7.5 billion to professionals in the lawyer, and about US$15.2 billion to professionals in all other segments combined.

Company profiles are primarily based on public domain information including company: Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali, Doctors Company, Marsh & McLennan, Liberty Mutual, Medical Protective, Aviva, Zurich, Sompo Japan Nipponkoa, Munich Re, Aon, Beazley, Mapfre

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Professional Liability Insurance Market continues to evolve and expand in terms of the number of companies, products, and applications that illustrates the growth perspectives. The report also covers the list of Product range and Applications with SWOT analysis, CAGR value, further adding the essential business analytics. Professional Liability Insurance Market research analysis identifies the latest trends and primary factors responsible for market growth enabling the Organizations to flourish with much exposure to the markets.

We can also provide the customized separate regional or country-level reports, for the following regions:

  • Americas: United States, Canada, Mexico, Brazil
  • APAC: China, Japan, Korea, Southeast Asia, India, Australia
  • Europe: Germany, France, UK, Italy, Russia, Spain
  • Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

Research objectives:

  • To study and analyze the global Professional Liability Insurance market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
  • To understand the structure of Professional Liability Insurance market by identifying its various subsegments.
  • Focuses on the key global Professional Liability Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Professional Liability Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Professional Liability Insurance submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Key Developments in the Professional Liability Insurance Market

  • To describe Professional Liability Insurance Introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, market driving force;
  • To analyze the manufacturers of Professional Liability Insurance, with profile, main business, news, sales, price, revenue and market share in 2017 and 2019;
  • To display the competitive situation among the top manufacturers in Global, with sales, revenue and market share in 2017 and 2019;
  • To show the market by type and application, with sales, price, revenue, market share and growth rate by type and application, from 2014 to 2019;
  • To analyze the key countries by manufacturers, Type and Application, covering North America, Europe, Asia Pacific, Middle-East and South America, with sales, revenue and market share by manufacturers, types and applications;
  • Professional Liability Insurance market forecast, by countries, type and application, with sales, price, revenue and growth rate forecast, from 2019 to 2023;
  • To analyze the manufacturing cost, key raw materials and manufacturing process etc.
  • To analyze the industrial chain, sourcing strategy and downstream end users (buyers);
  • To describe Professional Liability Insurance sales channel, distributors, traders, dealers etc.
  • To describe Professional Liability Insurance Research Findings and Conclusion, Appendix, methodology and data source

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The Professional Liability Insurance Market research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.

In this study, the years considered to estimate the market size of Professional Liability Insurance are as follows:

  • History Year: 2014-2017
  • Base Year: 2017
  • Estimated Year: 2019
  • Forecast Year 2019 to 2023

This report includes the estimation of market size for value (million USD) and volume (M Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Professional Liability Insurance market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

Table of Contents

  • Section 1 Report Overview
  • Section 2 Global Growth Trends
  • Section 3 Market Share by Key Players
  • Section 4 Breakdown Data by Type and Application
  • Section 5 United States Professional Liability Insurance Market Size (2014-2019)
  • Section 6 Europe Professional Liability Insurance Market Size (2014-2019)
  • Section 7 China Professional Liability Insurance Market Size (2014-2019)
  • Section 8 Japan Professional Liability Insurance Market Size (2014-2019)
  • Section 9 Southeast Asia Professional Liability Insurance Market Size (2014-2019)
  • Section 10 India Professional Liability Insurance Market Size (2014-2019)
  • Section 11 Central & South America Professional Liability Insurance Market Size (2014-2019)
  • Section 12 International Players Profiles

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Key questions answered in this report

  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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