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Medical Professional Liability Insurance Market By Type, By Claim Type, By Coverage, By Application, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 449 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713138
UP TO OFF until Jan 30th 2025
Medical professional liability insurance is a type of liability insurance that protects against risks specific to the profession, such as careless misdiagnosis, inappropriate medication dose, improper surgery, and the wrong course of treatment. If a doctor ever acts improperly against a patient, the insurance is intended to support them both financially and legally. It also helps defend them from accusations of negligence.

Medical liability insurance minimizes the risk, such as bodily injury caused to any person because of misdiagnosis or any other circumstances. In addition, it reduces out of pocket costs for the insured. Without coverage, the insured have to pay out of pocket to cover claims, which can put their business at financial risk. Moreover, surge in awareness of medical professional liability insurance in developing countries is a factor that propels the market growth. However, rise in medical professional liability insurance premium cost and lack of knowledge about coverage included in medical professional liability insurance policy are some major factors that limit the growth of the medical professional liability insurance market. On the contrary, medical professional liability insurance is an essential coverage for providing compensation for health staff to recover from a work-related injury or illness. Therefore, rise in cases of hospital-related accidents is expected to provide major lucrative opportunities for the growth of the medical professional liability insurance market.

The medical professional liability insurance market is segmented into type, claim type, coverage, application, distribution channel, and region. By type, the market is differentiated into occurrence-based policies and claims-based policies. The claims type is segmented into misdiagnosis or delayed diagnosis, childbirth injuries, medication errors, surgical errors and others. By coverage, the market is segmented into up to US$1 million, US$1 million to US$5 million, US$5 million to US$20 million and above US$20 million. Depending on application, it is bifurcated into individual and commercial. The commercial is further segmented into private hospital and public hospital. Private hospital is further segregated into large hospital and small and medium-sized hospital The distribution channel segment is segregated into agents & brokers, direct response, banks and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The medical professional liability insurance market analysis includes top companies operating in the market such as Allianz, Aviva, AXA, Berkshire Hathaway Specialty Insurance, Chubb, Cigna, CoverWallet, Coverys, Liberty Mutual Group, MagMutual LLC, MCIC Vermont, ProAssurance Corporation, The Doctors Company, The Hartford, Zurich, The Travelers Indemnity Company, and CNA. These players have adopted various strategies to increase their market penetration and strengthen their position in the medical professional liability insurance industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global medical professional liability insurance market along with the current trends and future estimations to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the global medical professional liability insurance market size are provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global medical professional liability insurance market from 2021 to 2031 is provided to determine the market potential.

Key Market Segments

By Type

  • Occurrence-based Policies
  • Claims-based Policies

By Claim Type

  • Medication Errors
  • Surgical Errors
  • Others
  • Misdiagnosis or Delayed Diagnosis
  • Childbirth Injuries

By Coverage

  • Up to US$1 Million
  • US$1 Million to US$5 Million
  • US$5 Million to US$20 Million
  • Above US$20 Million

By Application

  • Individual
  • Commercial
  • Commercial
  • Private Hospital
  • Public Hospital

By Distribution Channel

  • Agents and Brokers
  • Direct Response
  • Banks
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Allianz
  • Aviva
  • AXA
  • Berkshire Hathaway Specialty Insurance
  • Chubb
  • Cigna
  • CoverWallet
  • Coverys
  • Liberty Mutual Group
  • MagMutual LLC
  • MCIC Vermont
  • ProAssurance Corporation
  • The Doctors Company
  • The Hartford
  • Zurich
  • The Travelers Indemnity Company
  • CNA

 

Please note:

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Occurrence-based Policies
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Claims-based Policies
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY CLAIM TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Misdiagnosis or Delayed Diagnosis
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Childbirth Injuries
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Medication Errors
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Surgical Errors
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country

CHAPTER 6: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY COVERAGE
6.1 Overview
6.1.1 Market size and forecast
6.2 Up to US$1 Million
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 US$1 Million to US$5 Million
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 US$5 Million to US$20 Million
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Above US$20 Million
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Individual
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Commercial
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.3.4 Commercial Medical Professional Liability Insurance Market by Commercial
7.3.4.1 Private Hospital Market size and forecast, by region
7.3.4.2 Private Hospital Market size and forecast, by country
7.3.4.3 Public Hospital Market size and forecast, by region
7.3.4.4 Public Hospital Market size and forecast, by country

CHAPTER 8: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY DISTRIBUTION CHANNEL
8.1 Overview
8.1.1 Market size and forecast
8.2 Agents and Brokers
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Direct Response
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Banks
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Others
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country

CHAPTER 9: MEDICAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Type
9.2.3 North America Market size and forecast, by Claim Type
9.2.4 North America Market size and forecast, by Coverage
9.2.5 North America Market size and forecast, by Application
9.2.5.1 North America Commercial Medical Professional Liability Insurance Market by Commercial
9.2.6 North America Market size and forecast, by Distribution Channel
9.2.7 North America Market size and forecast, by country
9.2.7.1 U.S.
9.2.7.1.1 Market size and forecast, by Type
9.2.7.1.2 Market size and forecast, by Claim Type
9.2.7.1.3 Market size and forecast, by Coverage
9.2.7.1.4 Market size and forecast, by Application
9.2.7.1.4.1 U.S. Commercial Medical Professional Liability Insurance Market by Commercial
9.2.7.1.5 Market size and forecast, by Distribution Channel
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Type
9.2.7.2.2 Market size and forecast, by Claim Type
9.2.7.2.3 Market size and forecast, by Coverage
9.2.7.2.4 Market size and forecast, by Application
9.2.7.2.4.1 Canada Commercial Medical Professional Liability Insurance Market by Commercial
9.2.7.2.5 Market size and forecast, by Distribution Channel
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Type
9.3.3 Europe Market size and forecast, by Claim Type
9.3.4 Europe Market size and forecast, by Coverage
9.3.5 Europe Market size and forecast, by Application
9.3.5.1 Europe Commercial Medical Professional Liability Insurance Market by Commercial
9.3.6 Europe Market size and forecast, by Distribution Channel
9.3.7 Europe Market size and forecast, by country
9.3.7.1 UK
9.3.7.1.1 Market size and forecast, by Type
9.3.7.1.2 Market size and forecast, by Claim Type
9.3.7.1.3 Market size and forecast, by Coverage
9.3.7.1.4 Market size and forecast, by Application
9.3.7.1.4.1 UK Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.1.5 Market size and forecast, by Distribution Channel
9.3.7.2 Germany
9.3.7.2.1 Market size and forecast, by Type
9.3.7.2.2 Market size and forecast, by Claim Type
9.3.7.2.3 Market size and forecast, by Coverage
9.3.7.2.4 Market size and forecast, by Application
9.3.7.2.4.1 Germany Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.2.5 Market size and forecast, by Distribution Channel
9.3.7.3 France
9.3.7.3.1 Market size and forecast, by Type
9.3.7.3.2 Market size and forecast, by Claim Type
9.3.7.3.3 Market size and forecast, by Coverage
9.3.7.3.4 Market size and forecast, by Application
9.3.7.3.4.1 France Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.3.5 Market size and forecast, by Distribution Channel
9.3.7.4 Italy
9.3.7.4.1 Market size and forecast, by Type
9.3.7.4.2 Market size and forecast, by Claim Type
9.3.7.4.3 Market size and forecast, by Coverage
9.3.7.4.4 Market size and forecast, by Application
9.3.7.4.4.1 Italy Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.4.5 Market size and forecast, by Distribution Channel
9.3.7.5 Spain
9.3.7.5.1 Market size and forecast, by Type
9.3.7.5.2 Market size and forecast, by Claim Type
9.3.7.5.3 Market size and forecast, by Coverage
9.3.7.5.4 Market size and forecast, by Application
9.3.7.5.4.1 Spain Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.5.5 Market size and forecast, by Distribution Channel
9.3.7.6 Netherlands
9.3.7.6.1 Market size and forecast, by Type
9.3.7.6.2 Market size and forecast, by Claim Type
9.3.7.6.3 Market size and forecast, by Coverage
9.3.7.6.4 Market size and forecast, by Application
9.3.7.6.4.1 Netherlands Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.6.5 Market size and forecast, by Distribution Channel
9.3.7.7 Rest of Europe
9.3.7.7.1 Market size and forecast, by Type
9.3.7.7.2 Market size and forecast, by Claim Type
9.3.7.7.3 Market size and forecast, by Coverage
9.3.7.7.4 Market size and forecast, by Application
9.3.7.7.4.1 Rest of Europe Commercial Medical Professional Liability Insurance Market by Commercial
9.3.7.7.5 Market size and forecast, by Distribution Channel
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Type
9.4.3 Asia-Pacific Market size and forecast, by Claim Type
9.4.4 Asia-Pacific Market size and forecast, by Coverage
9.4.5 Asia-Pacific Market size and forecast, by Application
9.4.5.1 Asia-Pacific Commercial Medical Professional Liability Insurance Market by Commercial
9.4.6 Asia-Pacific Market size and forecast, by Distribution Channel
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Type
9.4.7.1.2 Market size and forecast, by Claim Type
9.4.7.1.3 Market size and forecast, by Coverage
9.4.7.1.4 Market size and forecast, by Application
9.4.7.1.4.1 China Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.1.5 Market size and forecast, by Distribution Channel
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Type
9.4.7.2.2 Market size and forecast, by Claim Type
9.4.7.2.3 Market size and forecast, by Coverage
9.4.7.2.4 Market size and forecast, by Application
9.4.7.2.4.1 Japan Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.2.5 Market size and forecast, by Distribution Channel
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Type
9.4.7.3.2 Market size and forecast, by Claim Type
9.4.7.3.3 Market size and forecast, by Coverage
9.4.7.3.4 Market size and forecast, by Application
9.4.7.3.4.1 India Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.3.5 Market size and forecast, by Distribution Channel
9.4.7.4 Australia
9.4.7.4.1 Market size and forecast, by Type
9.4.7.4.2 Market size and forecast, by Claim Type
9.4.7.4.3 Market size and forecast, by Coverage
9.4.7.4.4 Market size and forecast, by Application
9.4.7.4.4.1 Australia Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.4.5 Market size and forecast, by Distribution Channel
9.4.7.5 South Korea
9.4.7.5.1 Market size and forecast, by Type
9.4.7.5.2 Market size and forecast, by Claim Type
9.4.7.5.3 Market size and forecast, by Coverage
9.4.7.5.4 Market size and forecast, by Application
9.4.7.5.4.1 South Korea Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.5.5 Market size and forecast, by Distribution Channel
9.4.7.6 Singapore
9.4.7.6.1 Market size and forecast, by Type
9.4.7.6.2 Market size and forecast, by Claim Type
9.4.7.6.3 Market size and forecast, by Coverage
9.4.7.6.4 Market size and forecast, by Application
9.4.7.6.4.1 Singapore Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.6.5 Market size and forecast, by Distribution Channel
9.4.7.7 Rest of Asia-Pacific
9.4.7.7.1 Market size and forecast, by Type
9.4.7.7.2 Market size and forecast, by Claim Type
9.4.7.7.3 Market size and forecast, by Coverage
9.4.7.7.4 Market size and forecast, by Application
9.4.7.7.4.1 Rest of Asia-Pacific Commercial Medical Professional Liability Insurance Market by Commercial
9.4.7.7.5 Market size and forecast, by Distribution Channel
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Type
9.5.3 LAMEA Market size and forecast, by Claim Type
9.5.4 LAMEA Market size and forecast, by Coverage
9.5.5 LAMEA Market size and forecast, by Application
9.5.5.1 LAMEA Commercial Medical Professional Liability Insurance Market by Commercial
9.5.6 LAMEA Market size and forecast, by Distribution Channel
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Type
9.5.7.1.2 Market size and forecast, by Claim Type
9.5.7.1.3 Market size and forecast, by Coverage
9.5.7.1.4 Market size and forecast, by Application
9.5.7.1.4.1 Latin America Commercial Medical Professional Liability Insurance Market by Commercial
9.5.7.1.5 Market size and forecast, by Distribution Channel
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Type
9.5.7.2.2 Market size and forecast, by Claim Type
9.5.7.2.3 Market size and forecast, by Coverage
9.5.7.2.4 Market size and forecast, by Application
9.5.7.2.4.1 Middle East Commercial Medical Professional Liability Insurance Market by Commercial
9.5.7.2.5 Market size and forecast, by Distribution Channel
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Type
9.5.7.3.2 Market size and forecast, by Claim Type
9.5.7.3.3 Market size and forecast, by Coverage
9.5.7.3.4 Market size and forecast, by Application
9.5.7.3.4.1 Africa Commercial Medical Professional Liability Insurance Market by Commercial
9.5.7.3.5 Market size and forecast, by Distribution Channel

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 Allianz
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Aviva
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 AXA
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Berkshire Hathaway Specialty Insurance
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Chubb
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Cigna
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 CoverWallet
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Coverys
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Liberty Mutual Group
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 MagMutual LLC
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 MCIC Vermont
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
11.12 ProAssurance Corporation
11.12.1 Company overview
11.12.2 Company snapshot
11.12.3 Operating business segments
11.12.4 Product portfolio
11.12.5 Business performance
11.12.6 Key strategic moves and developments
11.13 The Doctors Company
11.13.1 Company overview
11.13.2 Company snapshot
11.13.3 Operating business segments
11.13.4 Product portfolio
11.13.5 Business performance
11.13.6 Key strategic moves and developments
11.14 The Hartford
11.14.1 Company overview
11.14.2 Company snapshot
11.14.3 Operating business segments
11.14.4 Product portfolio
11.14.5 Business performance
11.14.6 Key strategic moves and developments
11.15 Zurich
11.15.1 Company overview
11.15.2 Company snapshot
11.15.3 Operating business segments
11.15.4 Product portfolio
11.15.5 Business performance
11.15.6 Key strategic moves and developments
11.16 The Travelers Indemnity Company
11.16.1 Company overview
11.16.2 Company snapshot
11.16.3 Operating business segments
11.16.4 Product portfolio
11.16.5 Business performance
11.16.6 Key strategic moves and developments
11.17 CNA
11.17.1 Company overview
11.17.2 Company snapshot
11.17.3 Operating business segments
11.17.4 Product portfolio
11.17.5 Business performance
11.17.6 Key strategic moves and developments

List of Tables
Table 1. Global Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 2. Medical Professional Liability Insurance Market, for Occurrence-based Policies, by Region, 2021-2031 ($Million)
Table 3. Medical Professional Liability Insurance Market for Occurrence-based Policies, by Country, 2021-2031 ($Million)
Table 4. Medical Professional Liability Insurance Market, for Claims-based Policies, by Region, 2021-2031 ($Million)
Table 5. Medical Professional Liability Insurance Market for Claims-based Policies, by Country, 2021-2031 ($Million)
Table 6. Global Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 7. Medical Professional Liability Insurance Market, for Misdiagnosis or Delayed Diagnosis, by Region, 2021-2031 ($Million)
Table 8. Medical Professional Liability Insurance Market for Misdiagnosis or Delayed Diagnosis, by Country, 2021-2031 ($Million)
Table 9. Medical Professional Liability Insurance Market, for Childbirth Injuries, by Region, 2021-2031 ($Million)
Table 10. Medical Professional Liability Insurance Market for Childbirth Injuries, by Country, 2021-2031 ($Million)
Table 11. Medical Professional Liability Insurance Market, for Medication Errors, by Region, 2021-2031 ($Million)
Table 12. Medical Professional Liability Insurance Market for Medication Errors, by Country, 2021-2031 ($Million)
Table 13. Medical Professional Liability Insurance Market, for Surgical Errors, by Region, 2021-2031 ($Million)
Table 14. Medical Professional Liability Insurance Market for Surgical Errors, by Country, 2021-2031 ($Million)
Table 15. Medical Professional Liability Insurance Market, for Others, by Region, 2021-2031 ($Million)
Table 16. Medical Professional Liability Insurance Market for Others, by Country, 2021-2031 ($Million)
Table 17. Global Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 18. Medical Professional Liability Insurance Market, for Up to US1 Million, by Region, 2021-2031 ($Million)
Table 19. Medical Professional Liability Insurance Market for Up to US1 Million, by Country, 2021-2031 ($Million)
Table 20. Medical Professional Liability Insurance Market, for US1 Million to US5 Million, by Region, 2021-2031 ($Million)
Table 21. Medical Professional Liability Insurance Market for US1 Million to US5 Million, by Country, 2021-2031 ($Million)
Table 22. Medical Professional Liability Insurance Market, for US5 Million to US20 Million, by Region, 2021-2031 ($Million)
Table 23. Medical Professional Liability Insurance Market for US5 Million to US20 Million, by Country, 2021-2031 ($Million)
Table 24. Medical Professional Liability Insurance Market, for Above US20 Million, by Region, 2021-2031 ($Million)
Table 25. Medical Professional Liability Insurance Market for Above US20 Million, by Country, 2021-2031 ($Million)
Table 26. Global Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 27. Medical Professional Liability Insurance Market, for Individual, by Region, 2021-2031 ($Million)
Table 28. Medical Professional Liability Insurance Market for Individual, by Country, 2021-2031 ($Million)
Table 29. Medical Professional Liability Insurance Market, for Commercial, by Region, 2021-2031 ($Million)
Table 30. Medical Professional Liability Insurance Market for Commercial, by Country, 2021-2031 ($Million)
Table 31. Global Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 32. Medical Professional Liability Insurance Market, for Private Hospital, by Region, 2021-2031 ($Million)
Table 33. Medical Professional Liability Insurance Market, for Private Hospital, by Country, 2021-2031 ($Million)
Table 34. Medical Professional Liability Insurance Market, for Public Hospital, by Region, 2021-2031 ($Million)
Table 35. Medical Professional Liability Insurance Market, for Public Hospital, by Country, 2021-2031 ($Million)
Table 36. Global Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 37. Medical Professional Liability Insurance Market, for Agents and Brokers, by Region, 2021-2031 ($Million)
Table 38. Medical Professional Liability Insurance Market for Agents and Brokers, by Country, 2021-2031 ($Million)
Table 39. Medical Professional Liability Insurance Market, for Direct Response, by Region, 2021-2031 ($Million)
Table 40. Medical Professional Liability Insurance Market for Direct Response, by Country, 2021-2031 ($Million)
Table 41. Medical Professional Liability Insurance Market, for Banks, by Region, 2021-2031 ($Million)
Table 42. Medical Professional Liability Insurance Market for Banks, by Country, 2021-2031 ($Million)
Table 43. Medical Professional Liability Insurance Market, for Others, by Region, 2021-2031 ($Million)
Table 44. Medical Professional Liability Insurance Market for Others, by Country, 2021-2031 ($Million)
Table 45. Medical Professional Liability Insurance Market, by Region, 2021-2031 ($Million)
Table 46. North America Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 47. North America Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 48. North America Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 49. North America Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 50. North America Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 51. North America Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 52. North America Medical Professional Liability Insurance Market, by Country, 2021-2031 ($Million)
Table 53. U.S. Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 54. U.S. Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 55. U.S. Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 56. U.S. Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 57. U.S. Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 58. U.S. Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 59. Canada Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 60. Canada Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 61. Canada Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 62. Canada Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 63. Canada Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 64. Canada Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 65. Europe Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 66. Europe Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 67. Europe Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 68. Europe Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 69. Europe Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 70. Europe Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 71. Europe Medical Professional Liability Insurance Market, by Country, 2021-2031 ($Million)
Table 72. UK Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 73. UK Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 74. UK Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 75. UK Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 76. UK Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 77. UK Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 78. Germany Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 79. Germany Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 80. Germany Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 81. Germany Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 82. Germany Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 83. Germany Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 84. France Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 85. France Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 86. France Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 87. France Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 88. France Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 89. France Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 90. Italy Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 91. Italy Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 92. Italy Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 93. Italy Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 94. Italy Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 95. Italy Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 96. Spain Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 97. Spain Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 98. Spain Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 99. Spain Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 100. Spain Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 101. Spain Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 102. Netherlands Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 103. Netherlands Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 104. Netherlands Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 105. Netherlands Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 106. Netherlands Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 107. Netherlands Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 108. Rest of Europe Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 109. Rest of Europe Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 110. Rest of Europe Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 111. Rest of Europe Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 112. Rest of Europe Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 113. Rest of Europe Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 114. Asia-Pacific Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 115. Asia-Pacific Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 116. Asia-Pacific Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 117. Asia-Pacific Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 118. Asia-Pacific Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 119. Asia-Pacific Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 120. Asia-Pacific Medical Professional Liability Insurance Market, by Country, 2021-2031 ($Million)
Table 121. China Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 122. China Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 123. China Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 124. China Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 125. China Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 126. China Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 127. Japan Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 128. Japan Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 129. Japan Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 130. Japan Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 131. Japan Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 132. Japan Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 133. India Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 134. India Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 135. India Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 136. India Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 137. India Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 138. India Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 139. Australia Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 140. Australia Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 141. Australia Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 142. Australia Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 143. Australia Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 144. Australia Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 145. South Korea Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 146. South Korea Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 147. South Korea Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 148. South Korea Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 149. South Korea Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 150. South Korea Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 151. Singapore Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 152. Singapore Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 153. Singapore Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 154. Singapore Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 155. Singapore Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 156. Singapore Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 157. Rest of Asia-Pacific Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 158. Rest of Asia-Pacific Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 159. Rest of Asia-Pacific Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 160. Rest of Asia-Pacific Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 161. Rest of Asia-Pacific Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 162. Rest of Asia-Pacific Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 163. LAMEA Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 164. LAMEA Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 165. LAMEA Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 166. LAMEA Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 167. LAMEA Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 168. LAMEA Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 169. LAMEA Medical Professional Liability Insurance Market, by Country, 2021-2031 ($Million)
Table 170. Latin America Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 171. Latin America Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 172. Latin America Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 173. Latin America Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 174. Latin America Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 175. Latin America Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 176. Middle East Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 177. Middle East Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 178. Middle East Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 179. Middle East Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 180. Middle East Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 181. Middle East Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 182. Africa Medical Professional Liability Insurance Market, by Type, 2021-2031 ($Million)
Table 183. Africa Medical Professional Liability Insurance Market, by Claim Type, 2021-2031 ($Million)
Table 184. Africa Medical Professional Liability Insurance Market, by Coverage, 2021-2031 ($Million)
Table 185. Africa Medical Professional Liability Insurance Market, by Application, 2021-2031 ($Million)
Table 186. Africa Commercial Medical Professional Liability Insurance Market, by Commercial, 2021-2031 ($Million)
Table 187. Africa Medical Professional Liability Insurance Market, by Distribution Channel, 2021-2031 ($Million)
Table 188. Allianz: Company Snapshot
Table 189. Allianz: Operating Segments
Table 190. Allianz: Product Portfolio
Table 191. Allianz: Net Sales
Table 192. Allianz: Key Strategies
Table 193. Aviva: Company Snapshot
Table 194. Aviva: Operating Segments
Table 195. Aviva: Product Portfolio
Table 196. Aviva: Net Sales
Table 197. Aviva: Key Strategies
Table 198. Axa: Company Snapshot
Table 199. Axa: Operating Segments
Table 200. Axa: Product Portfolio
Table 201. Axa: Net Sales
Table 202. Axa: Key Strategies
Table 203. Berkshire Hathaway Specialty Insurance: Company Snapshot
Table 204. Berkshire Hathaway Specialty Insurance: Operating Segments
Table 205. Berkshire Hathaway Specialty Insurance: Product Portfolio
Table 206. Berkshire Hathaway Specialty Insurance: Net Sales
Table 207. Berkshire Hathaway Specialty Insurance: Key Strategies
Table 208. Chubb: Company Snapshot
Table 209. Chubb: Operating Segments
Table 210. Chubb: Product Portfolio
Table 211. Chubb: Net Sales
Table 212. Chubb: Key Strategies
Table 213. Cigna: Company Snapshot
Table 214. Cigna: Operating Segments
Table 215. Cigna: Product Portfolio
Table 216. Cigna: Net Sales
Table 217. Cigna: Key Strategies
Table 218. Coverwallet: Company Snapshot
Table 219. Coverwallet: Operating Segments
Table 220. Coverwallet: Product Portfolio
Table 221. Coverwallet: Net Sales
Table 222. Coverwallet: Key Strategies
Table 223. Coverys: Company Snapshot
Table 224. Coverys: Operating Segments
Table 225. Coverys: Product Portfolio
Table 226. Coverys: Net Sales
Table 227. Coverys: Key Strategies
Table 228. Liberty Mutual Group: Company Snapshot
Table 229. Liberty Mutual Group: Operating Segments
Table 230. Liberty Mutual Group: Product Portfolio
Table 231. Liberty Mutual Group: Net Sales
Table 232. Liberty Mutual Group: Key Strategies
Table 233. Magmutual LLC: Company Snapshot
Table 234. Magmutual LLC: Operating Segments
Table 235. Magmutual LLC: Product Portfolio
Table 236. Magmutual LLC: Net Sales
Table 237. Magmutual LLC: Key Strategies
Table 238. Mcic Vermont: Company Snapshot
Table 239. Mcic Vermont: Operating Segments
Table 240. Mcic Vermont: Product Portfolio
Table 241. Mcic Vermont: Net Sales
Table 242. Mcic Vermont: Key Strategies
Table 243. Proassurance Corporation: Company Snapshot
Table 244. Proassurance Corporation: Operating Segments
Table 245. Proassurance Corporation: Product Portfolio
Table 246. Proassurance Corporation: Net Sales
Table 247. Proassurance Corporation: Key Strategies
Table 248. the Doctors Company: Company Snapshot
Table 249. the Doctors Company: Operating Segments
Table 250. the Doctors Company: Product Portfolio
Table 251. the Doctors Company: Net Sales
Table 252. the Doctors Company: Key Strategies
Table 253. the Hartford: Company Snapshot
Table 254. the Hartford: Operating Segments
Table 255. the Hartford: Product Portfolio
Table 256. the Hartford: Net Sales
Table 257. the Hartford: Key Strategies
Table 258. Zurich: Company Snapshot
Table 259. Zurich: Operating Segments
Table 260. Zurich: Product Portfolio
Table 261. Zurich: Net Sales
Table 262. Zurich: Key Strategies
Table 263. the Travelers Indemnity Company: Company Snapshot
Table 264. the Travelers Indemnity Company: Operating Segments
Table 265. the Travelers Indemnity Company: Product Portfolio
Table 266. the Travelers Indemnity Company: Net Sales
Table 267. the Travelers Indemnity Company: Key Strategies
Table 268. Cna: Company Snapshot
Table 269. Cna: Operating Segments
Table 270. Cna: Product Portfolio
Table 271. Cna: Net Sales
Table 272. Cna: Key Strategies

List of Figures
Figure 1. Medical Professional Liability Insurance Market Segmentation
Figure 2. Medical Professional Liability Insurance Market, 2021-2031
Figure 3. Medical Professional Liability Insurance Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Medical Professional Liability Insurance Mark.:Drivers, Restraints and Opportunities
Figure 12. Medical Professional Liability Insurance Market, By Type, 2021(%)
Figure 13. Comparative Share Analysis of Occurrence-Based Policies Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Claims-Based Policies Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 15. Medical Professional Liability Insurance Market, By Claim Type, 2021(%)
Figure 16. Comparative Share Analysis of Misdiagnosis or Delayed Diagnosis Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Childbirth Injuries Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Medication Errors Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Surgical Errors Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Others Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 21. Medical Professional Liability Insurance Market, By Coverage, 2021(%)
Figure 22. Comparative Share Analysis of Up to Us$1 Million Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Us$1 Million to Us$5 Million Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Us$5 Million to Us$20 Million Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Above Us$20 Million Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 26. Medical Professional Liability Insurance Market, By Application, 2021(%)
Figure 27. Comparative Share Analysis of Individual Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Commercial Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 29. Medical Professional Liability Insurance Market, By Distribution Channel, 2021(%)
Figure 30. Comparative Share Analysis of Agents and Brokers Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 31. Comparative Share Analysis of Direct Response Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 32. Comparative Share Analysis of Banks Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 33. Comparative Share Analysis of Others Medical Professional Liability Insurance Market, 2021-2031(%)
Figure 34. Medical Professional Liability Insurance Market by Region, 2021
Figure 35. U.S. Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 36. Canada Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 37. Uk Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 38. Germany Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 39. France Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 40. Italy Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 41. Spain Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 42. Netherlands Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 43. Rest of Europe Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 44. China Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 45. Japan Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 46. India Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 47. Australia Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 48. South Korea Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 49. Singapore Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 50. Rest of Asia-Pacific Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 51. Latin America Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 52. Middle East Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 53. Africa Medical Professional Liability Insurance Market, 2021-2031($Million)
Figure 54. Top Winning Strategies, by Year
Figure 55. Top Winning Strategies, by Development
Figure 56. Top Winning Strategies, by Company
Figure 57. Product Mapping of Top 10 Players
Figure 58. Competitive Dashboard
Figure 59. Competitive Heatmap of Top 10 Key Players
Figure 60. Allian.: Net Sales, ($Million)
Figure 61. Aviv.: Net Sales, ($Million)
Figure 62. Ax.: Net Sales, ($Million)
Figure 63. Berkshire Hathaway Specialty Insuranc.: Net Sales, ($Million)
Figure 64. Chub.: Net Sales, ($Million)
Figure 65. Cign.: Net Sales, ($Million)
Figure 66. Coverwalle.: Net Sales, ($Million)
Figure 67. Covery.: Net Sales, ($Million)
Figure 68. Liberty Mutual Grou.: Net Sales, ($Million)
Figure 69. Magmutual LL.: Net Sales, ($Million)
Figure 70. Mcic Vermon.: Net Sales, ($Million)
Figure 71. Proassurance Corporatio.: Net Sales, ($Million)
Figure 72. The Doctors Compan.: Net Sales, ($Million)
Figure 73. The Hartfor.: Net Sales, ($Million)
Figure 74. Zuric.: Net Sales, ($Million)
Figure 75. The Travelers Indemnity Compan.: Net Sales, ($Million)
Figure 76. Cn.: Net Sales, ($Million)

Executive Summary

According to the report, “Medical Professional Liability Insurance Market," the medical professional liability insurance market was valued at $12.5 billion in 2021, and is estimated to reach $33.7 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031.

The adoption of medical liability insurance solutions or malpractice insurance has increased over the years to help organizations to cover liability of the doctors well as to cover the liability of the other person. In addition, the amount of premium depends on the type of damage that is being covered by the policy. Furthermore, medical professional liability insurance minimizes the business risk, such as bodily injury caused to any person due to faulty medical equipment or any other circumstances. Thus, this factor notably drives the growth of medical professional liability insurance market.

Key providers of medical professional liability insurance market, such as Allianz, American International Group, Inc., and AXA account for a significant share in the market. For instance, in November 2020, AXA XL partnered with Xtract, to automate, accelerate, and revolutionize the claims management process in the U.S. It is expected to enable the claims team to quickly gather and evaluate all data that is available on an incident, vastly speeding up decision-making process while also offering superior customer service to brokers and clients. Thus, this benefits the medical professional liability insurance market growth.

On the basis of application, the commercial segment acquired a major share in the medical professional liability insurance market in 2021. This is attributed to the fact that medical professional liability insurance for commercial protects the financial interests of commercial hospital owners from penalties they may face from litigation waged against them while also covering the associated legal costs.

By region, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This is attributed to increase in number of medical mistakes during operation & surgeries across the Asian countries owing to factors like incorrect time, omission error, staff shortages and incorrect doses.

The COVID-19 outbreak has impacted the life & businesses of all the individuals globally. The pandemic has increased the need for medical professional liability insurance market trends among doctors and physicians to avoid suing by customers during a wrong operation or surgery during the spread of coronavirus. Furthermore, there was rapid growth in hospitalization due to the COVID-19 outbreak. Therefore, there was a substantial medical professional liability insurance demand owing to need for security for doctors which drive the growth for medical professional liability insurance industry. In addition, the spread of this health crisis across the globe is one of the major reasons behind the increase in insurance premium as the situation has laid enormous pressure on insurance companies in the market.

Key Findings of the Study

  • By distribution channel, the agents & brokers segment led the medical professional liability insurance market share in terms of revenue in 2021.
  • By claim type, the surgical errors segment is expected to exhibit the fastest growth rate during the forecast period.
  • Region-wise, North America generated the highest revenue in medical professional liability insurance market size in 2021.
  • The key players operating in the medical professional liability insurance market analysis include Allianz, Aviva, AXA, Berkshire Hathaway Specialty Insurance, Chubb, Cigna, CoverWallet, Coverys, Liberty Mutual Group, MagMutual LLC, MCIC Vermont, ProAssurance Corporation, The Doctors Company, The Hartford, Zurich, The Travelers Indemnity Company, and CNA. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

  • Allianz
  • Aviva
  • AXA
  • Berkshire Hathaway Specialty Insurance
  • Chubb
  • Cigna
  • CoverWallet
  • Coverys
  • Liberty Mutual Group
  • MagMutual LLC
  • MCIC Vermont
  • ProAssurance Corporation
  • The Doctors Company
  • The Hartford
  • Zurich
  • The Travelers Indemnity Company
  • CNA

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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