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Professional Liability Insurance Market By Type: Global Opportunity Analysis and Industry Forecast, 2024-2032

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    Report

  • 219 Pages
  • June 2024
  • Region: Global
  • Allied Market Research
  • ID: 5994064
The professional liability insurance market was valued at $45.6 billion in 2023 and is projected to reach $81.2 billion by 2032, growing at a CAGR of 6.7% from 2024 to 2032.

Professional liability insurance is a form of insurance offered to businesses for protection against negligence claims by their clients. This insurance is commonly known by the name errors and omissions insurance. Several types of professionals, including doctors, accountants, information technology specialists, and architects make use of this insurance service. The mistakes covered under professional liability insurance include inaccurate advice, negligence, misinterpretation, copyright infringement, and violation of fair dealing & good faith.

Due to rise in awareness among consumers regarding their rights, the prevalence of lawsuits and legal claims has upsurged. This is boosting the adoption of professional liability insurance among businesses. In addition, rise in urbanization has led to the expansion of various professional services, including healthcare, financial advisory organization, and legal services, that necessarily leverage the insurance services. This propels the growth of the market significantly. The adoption of AI in insurance policies is a significant trend poised to enhance the adoption of insurance services in the future. AI is projected to transform the traditional market by offering personalized pricing models to businesses and streamline the customer handling experience for the brokers.

However, lack of standardization in the insurance policies presents challenges for the consumers to understand the complete coverage terms. This restrains the growth of the market. Moreover, the cost of professional liability insurance remains substantially high in huge-risk businesses with extreme incidence of claims. This restricts small-scale organizations from affording the services of the insurance, hence limiting the expansion of the market. According to Worldmetrics, a data aggregator with expertise in statistics and metrics on diverse topics, approximately 40% of the total small businesses in the U.S. are expected to face a negligence claim over the next decade. Regardless, only 40% of these businesses have adopted an insurance policy.

Segment Review

The professional liability insurance market is segmented into type, application, and region. On the basis of type, the market is divided into medical liability, lawyer liability, CPA liability, construction liability, and others. Depending on application, it is classified into up to $1 million, $1 million to $5 million, $5 million to $20 million, and over $20 million. Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Key Findings

On the basis of type, the CPA liability segment is projected to attain the highest CAGR from 2024 to 2032.

Depending on application, the $5 million to $20 million segment is expected to dominate during the forecast period.

Region wise, Asia-Pacific is expected to be the highest revenue generator by 2032.

Competition Analysis

The leading players operating in the global professional liability insurance market include Chubb Group of Insurance Companies, American International Group, Inc., Hiscox Inc., Allianz SE, Tokio Marine Holdings, Inc., AXA SA, The Travelers Indemnity Company, Assicurazioni Generali S.p.A., The Doctors Company, and CNA Financial Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.

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Key Market Segments

By Type

  • Medical Liability
  • Lawyer Liability
  • CPA Liability
  • Construction Liability
  • Others

By Application

  • Up to $1 Million
  • $1 Million to $5 Million
  • $5 Million to $20 Million
  • Over $20 Million

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America
  • Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Key Market Players

  • Chubb Group of Insurance Companies
  • American International Group, Inc.
  • Hiscox Inc.
  • Allianz SE
  • Tokio Marine Holdings, Inc.
  • AXA SA
  • The Travelers Indemnity Company
  • Assicurazioni Generali S.p.A.
  • The Doctors Company
  • CNA Financial Corporation

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Type
4.2. Medical Liability
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Lawyer Liability
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
4.4. CPA Liability
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, By Region
4.4.3. Market Share Analysis, By Country
4.5. Construction Liability
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, By Region
4.5.3. Market Share Analysis, By Country
4.6. Others
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast, By Region
4.6.3. Market Share Analysis, By Country
CHAPTER 5: PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. Up To $1 Million
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. $1 Million To $5 Million
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. $5 Million To $20 Million
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Over $20 Million
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
CHAPTER 6: PROFESSIONAL LIABILITY INSURANCE MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Type
6.2.3. Market Size and Forecast, By Application
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Professional Liability Insurance Market
6.2.5.1. Market Size and Forecast, By Type
6.2.5.2. Market Size and Forecast, By Application
6.2.6. Canada Professional Liability Insurance Market
6.2.6.1. Market Size and Forecast, By Type
6.2.6.2. Market Size and Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Type
6.3.3. Market Size and Forecast, By Application
6.3.4. Market Size and Forecast, By Country
6.3.5. UK Professional Liability Insurance Market
6.3.5.1. Market Size and Forecast, By Type
6.3.5.2. Market Size and Forecast, By Application
6.3.6. Germany Professional Liability Insurance Market
6.3.6.1. Market Size and Forecast, By Type
6.3.6.2. Market Size and Forecast, By Application
6.3.7. France Professional Liability Insurance Market
6.3.7.1. Market Size and Forecast, By Type
6.3.7.2. Market Size and Forecast, By Application
6.3.8. Italy Professional Liability Insurance Market
6.3.8.1. Market Size and Forecast, By Type
6.3.8.2. Market Size and Forecast, By Application
6.3.9. Spain Professional Liability Insurance Market
6.3.9.1. Market Size and Forecast, By Type
6.3.9.2. Market Size and Forecast, By Application
6.3.10. Rest Of Europe Professional Liability Insurance Market
6.3.10.1. Market Size and Forecast, By Type
6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Type
6.4.3. Market Size and Forecast, By Application
6.4.4. Market Size and Forecast, By Country
6.4.5. China Professional Liability Insurance Market
6.4.5.1. Market Size and Forecast, By Type
6.4.5.2. Market Size and Forecast, By Application
6.4.6. Japan Professional Liability Insurance Market
6.4.6.1. Market Size and Forecast, By Type
6.4.6.2. Market Size and Forecast, By Application
6.4.7. India Professional Liability Insurance Market
6.4.7.1. Market Size and Forecast, By Type
6.4.7.2. Market Size and Forecast, By Application
6.4.8. South Korea Professional Liability Insurance Market
6.4.8.1. Market Size and Forecast, By Type
6.4.8.2. Market Size and Forecast, By Application
6.4.9. Australia Professional Liability Insurance Market
6.4.9.1. Market Size and Forecast, By Type
6.4.9.2. Market Size and Forecast, By Application
6.4.10. Rest of Asia-Pacific Professional Liability Insurance Market
6.4.10.1. Market Size and Forecast, By Type
6.4.10.2. Market Size and Forecast, By Application
6.5. Latin America
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Type
6.5.3. Market Size and Forecast, By Application
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Professional Liability Insurance Market
6.5.5.1. Market Size and Forecast, By Type
6.5.5.2. Market Size and Forecast, By Application
6.5.6. Argentina Professional Liability Insurance Market
6.5.6.1. Market Size and Forecast, By Type
6.5.6.2. Market Size and Forecast, By Application
6.5.7. Colombia Professional Liability Insurance Market
6.5.7.1. Market Size and Forecast, By Type
6.5.7.2. Market Size and Forecast, By Application
6.5.8. REST oF Latin America Professional Liability Insurance Market
6.5.8.1. Market Size and Forecast, By Type
6.5.8.2. Market Size and Forecast, By Application
6.6. Middle East And Africa
6.6.1. Key Market Trends and Opportunities
6.6.2. Market Size and Forecast, By Type
6.6.3. Market Size and Forecast, By Application
6.6.4. Market Size and Forecast, By Country
6.6.5. Gcc Countries Professional Liability Insurance Market
6.6.5.1. Market Size and Forecast, By Type
6.6.5.2. Market Size and Forecast, By Application
6.6.6. South Africa Professional Liability Insurance Market
6.6.6.1. Market Size and Forecast, By Type
6.6.6.2. Market Size and Forecast, By Application
6.6.7. Rest of Middle East And Africa Professional Liability Insurance Market
6.6.7.1. Market Size and Forecast, By Type
6.6.7.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping Of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Chubb Group Of Insurance Companies
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. American International Group, Inc.
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. Hiscox Inc.
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves and Developments
8.4. Allianz SE
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. Tokio Marine Holdings, Inc.
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. AXA SA
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. The Travelers Indemnity Company
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.7.7. Key Strategic Moves and Developments
8.8. Assicurazioni Generali S.p.A.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. The Doctors Company
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. CNA Financial Corporation
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Business Performance
8.10.7. Key Strategic Moves and Developments
LIST OF TABLES
TABLE 1. GLOBAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 2. PROFESSIONAL LIABILITY INSURANCE MARKET FOR MEDICAL LIABILITY, BY REGION, 2024 - 2032 ($BILLION)
TABLE 3. PROFESSIONAL LIABILITY INSURANCE MARKET FOR LAWYER LIABILITY, BY REGION, 2024 - 2032 ($BILLION)
TABLE 4. PROFESSIONAL LIABILITY INSURANCE MARKET FOR CPA LIABILITY, BY REGION, 2024 - 2032 ($BILLION)
TABLE 5. PROFESSIONAL LIABILITY INSURANCE MARKET FOR CONSTRUCTION LIABILITY, BY REGION, 2024 - 2032 ($BILLION)
TABLE 6. PROFESSIONAL LIABILITY INSURANCE MARKET FOR OTHERS, BY REGION, 2024 - 2032 ($BILLION)
TABLE 7. GLOBAL PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 8. PROFESSIONAL LIABILITY INSURANCE MARKET FOR UP TO $1 MILLION, BY REGION, 2024 - 2032 ($BILLION)
TABLE 9. PROFESSIONAL LIABILITY INSURANCE MARKET FOR $1 MILLION TO $5 MILLION, BY REGION, 2024 - 2032 ($BILLION)
TABLE 10. PROFESSIONAL LIABILITY INSURANCE MARKET FOR $5 MILLION TO $20 MILLION, BY REGION, 2024 - 2032 ($BILLION)
TABLE 11. PROFESSIONAL LIABILITY INSURANCE MARKET FOR OVER $20 MILLION, BY REGION, 2024 - 2032 ($BILLION)
TABLE 12. PROFESSIONAL LIABILITY INSURANCE MARKET, BY REGION, 2024 - 2032 ($BILLION)
TABLE 13. NORTH AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
TABLE 14. NORTH AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 15. NORTH AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 16. U.S. PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 17. U.S. PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 18. CANADA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 19. CANADA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 20. EUROPE PROFESSIONAL LIABILITY INSURANCE MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
TABLE 21. EUROPE PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 22. EUROPE PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 23. UK PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 24. UK PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 25. GERMANY PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 26. GERMANY PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 27. FRANCE PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 28. FRANCE PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 29. ITALY PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 30. ITALY PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 31. SPAIN PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 32. SPAIN PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 33. REST OF EUROPE PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 34. REST OF EUROPE PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 35. ASIA-PACIFIC PROFESSIONAL LIABILITY INSURANCE MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
TABLE 36. ASIA-PACIFIC PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 37. ASIA-PACIFIC PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 38. CHINA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 39. CHINA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 40. JAPAN PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 41. JAPAN PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 42. INDIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 43. INDIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 44. SOUTH KOREA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 45. SOUTH KOREA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 46. AUSTRALIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 47. AUSTRALIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 48. REST OF ASIA-PACIFIC PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 49. REST OF ASIA-PACIFIC PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 50. LATIN AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
TABLE 51. LATIN AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 52. LATIN AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 53. BRAZIL PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 54. BRAZIL PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 55. ARGENTINA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 56. ARGENTINA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 57. COLOMBIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 58. COLOMBIA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 59. REST OF LATIN AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 60. REST OF LATIN AMERICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 61. MIDDLE EAST AND AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY COUNTRY, 2024 - 2032 ($BILLION)
TABLE 62. MIDDLE EAST AND AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 63. MIDDLE EAST AND AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 64. GCC COUNTRIES PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 65. GCC COUNTRIES PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 66. SOUTH AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 67. SOUTH AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 68. REST OF MIDDLE EAST AND AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY TYPE, 2024 - 2032 ($BILLION)
TABLE 69. REST OF MIDDLE EAST AND AFRICA PROFESSIONAL LIABILITY INSURANCE MARKET, BY APPLICATION, 2024 - 2032 ($BILLION)
TABLE 70. CHUBB GROUP OF INSURANCE COMPANIES: KEY EXECUTIVES
TABLE 71. CHUBB GROUP OF INSURANCE COMPANIES: COMPANY SNAPSHOT
TABLE 72. CHUBB GROUP OF INSURANCE COMPANIES: OPERATING SEGMENTS
TABLE 73. CHUBB GROUP OF INSURANCE COMPANIES: PRODUCT PORTFOLIO
TABLE 74. CHUBB GROUP OF INSURANCE COMPANIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 75. AMERICAN INTERNATIONAL GROUP, INC.: KEY EXECUTIVES
TABLE 76. AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 77. AMERICAN INTERNATIONAL GROUP, INC.: OPERATING SEGMENTS
TABLE 78. AMERICAN INTERNATIONAL GROUP, INC.: PRODUCT PORTFOLIO
TABLE 79. AMERICAN INTERNATIONAL GROUP, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80. HISCOX INC.: KEY EXECUTIVES
TABLE 81. HISCOX INC.: COMPANY SNAPSHOT
TABLE 82. HISCOX INC.: OPERATING SEGMENTS
TABLE 83. HISCOX INC.: PRODUCT PORTFOLIO
TABLE 84. HISCOX INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 85. ALLIANZ SE: KEY EXECUTIVES
TABLE 86. ALLIANZ SE: COMPANY SNAPSHOT
TABLE 87. ALLIANZ SE: OPERATING SEGMENTS
TABLE 88. ALLIANZ SE: PRODUCT PORTFOLIO
TABLE 89. ALLIANZ SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 90. TOKIO MARINE HOLDINGS, INC.: KEY EXECUTIVES
TABLE 91. TOKIO MARINE HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 92. TOKIO MARINE HOLDINGS, INC.: OPERATING SEGMENTS
TABLE 93. TOKIO MARINE HOLDINGS, INC.: PRODUCT PORTFOLIO
TABLE 94. TOKIO MARINE HOLDINGS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 95. AXA SA: KEY EXECUTIVES
TABLE 96. AXA SA: COMPANY SNAPSHOT
TABLE 97. AXA SA: OPERATING SEGMENTS
TABLE 98. AXA SA: PRODUCT PORTFOLIO
TABLE 99. AXA SA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. THE TRAVELERS INDEMNITY COMPANY: KEY EXECUTIVES
TABLE 101. THE TRAVELERS INDEMNITY COMPANY: COMPANY SNAPSHOT
TABLE 102. THE TRAVELERS INDEMNITY COMPANY: OPERATING SEGMENTS
TABLE 103. THE TRAVELERS INDEMNITY COMPANY: PRODUCT PORTFOLIO
TABLE 104. THE TRAVELERS INDEMNITY COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. ASSICURAZIONI GENERALI S.P.A.: KEY EXECUTIVES
TABLE 106. ASSICURAZIONI GENERALI S.P.A.: COMPANY SNAPSHOT
TABLE 107. ASSICURAZIONI GENERALI S.P.A.: OPERATING SEGMENTS
TABLE 108. ASSICURAZIONI GENERALI S.P.A.: PRODUCT PORTFOLIO
TABLE 109. ASSICURAZIONI GENERALI S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. THE DOCTORS COMPANY: KEY EXECUTIVES
TABLE 111. THE DOCTORS COMPANY: COMPANY SNAPSHOT
TABLE 112. THE DOCTORS COMPANY: OPERATING SEGMENTS
TABLE 113. THE DOCTORS COMPANY: PRODUCT PORTFOLIO
TABLE 114. THE DOCTORS COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115. CNA FINANCIAL CORPORATION: KEY EXECUTIVES
TABLE 116. CNA FINANCIAL CORPORATION: COMPANY SNAPSHOT
TABLE 117. CNA FINANCIAL CORPORATION: OPERATING SEGMENTS
TABLE 118. CNA FINANCIAL CORPORATION: PRODUCT PORTFOLIO
TABLE 119. CNA FINANCIAL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 1. GLOBAL PROFESSIONAL LIABILITY INSURANCE MARKET, 2024 - 2032
FIGURE 2. SEGMENTATION OF PROFESSIONAL LIABILITY INSURANCE MARKET, 2024 - 2032
FIGURE 3. TOP INVESTMENT POCKET IN PROFESSIONAL LIABILITY INSURANCE MARKET
FIGURE 4. MODERATE BARGAINING POWER OF BUYERS
FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 6. MODERATE THREAT OF NEW ENTRANTS
FIGURE 7. LOW THREAT OF SUBSTITUTION
FIGURE 8. HIGH COMPETITIVE RIVALRY
FIGURE 9. OPPORTUNITIES, RESTRAINTS AND DRIVERS: GLOBALPROFESSIONAL LIABILITY INSURANCE MARKET
FIGURE 10. GLOBAL PROFESSIONAL LIABILITY INSURANCE MARKET SEGMENTATION, BY TYPE
FIGURE 11. PROFESSIONAL LIABILITY INSURANCE MARKET FOR MEDICAL LIABILITY, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 12. PROFESSIONAL LIABILITY INSURANCE MARKET FOR LAWYER LIABILITY, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 13. PROFESSIONAL LIABILITY INSURANCE MARKET FOR CPA LIABILITY, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 14. PROFESSIONAL LIABILITY INSURANCE MARKET FOR CONSTRUCTION LIABILITY, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 15. PROFESSIONAL LIABILITY INSURANCE MARKET FOR OTHERS, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 16. GLOBAL PROFESSIONAL LIABILITY INSURANCE MARKET SEGMENTATION, BY APPLICATION
FIGURE 17. PROFESSIONAL LIABILITY INSURANCE MARKET FOR UP TO $1 MILLION, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 18. PROFESSIONAL LIABILITY INSURANCE MARKET FOR $1 MILLION TO $5 MILLION, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 19. PROFESSIONAL LIABILITY INSURANCE MARKET FOR $5 MILLION TO $20 MILLION, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 20. PROFESSIONAL LIABILITY INSURANCE MARKET FOR OVER $20 MILLION, BY COUNTRY, 2024 - 2032 ($BILLION)
FIGURE 21. TOP WINNING STRATEGIES, BY YEAR, 2021-2023*
FIGURE 22. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2021-2023*
FIGURE 23. TOP WINNING STRATEGIES, BY COMPANY, 2021-2023*
FIGURE 24. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 25. COMPETITIVE DASHBOARD
FIGURE 26. COMPETITIVE HEATMAP: PROFESSIONAL LIABILITY INSURANCE MARKET
FIGURE 27. TOP PLAYER POSITIONING, 2023
FIGURE 28. CHUBB GROUP OF INSURANCE COMPANIES: NET SALES, 2021-2023 ($BILLION)
FIGURE 29. CHUBB GROUP OF INSURANCE COMPANIES: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 30. CHUBB GROUP OF INSURANCE COMPANIES: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 31. AMERICAN INTERNATIONAL GROUP, INC.: NET SALES, 2021-2023 ($BILLION)
FIGURE 32. AMERICAN INTERNATIONAL GROUP, INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 33. AMERICAN INTERNATIONAL GROUP, INC.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 34. HISCOX INC.: NET SALES, 2021-2023 ($BILLION)
FIGURE 35. HISCOX INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 36. HISCOX INC.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 37. ALLIANZ SE: NET SALES, 2021-2023 ($BILLION)
FIGURE 38. ALLIANZ SE: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 39. ALLIANZ SE: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 40. TOKIO MARINE HOLDINGS, INC.: NET SALES, 2021-2023 ($BILLION)
FIGURE 41. TOKIO MARINE HOLDINGS, INC.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 42. TOKIO MARINE HOLDINGS, INC.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 43. AXA SA: NET SALES, 2021-2023 ($BILLION)
FIGURE 44. AXA SA: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 45. AXA SA: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 46. THE TRAVELERS INDEMNITY COMPANY: NET SALES, 2021-2023 ($BILLION)
FIGURE 47. THE TRAVELERS INDEMNITY COMPANY: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 48. THE TRAVELERS INDEMNITY COMPANY: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 49. ASSICURAZIONI GENERALI S.P.A.: NET SALES, 2021-2023 ($BILLION)
FIGURE 50. ASSICURAZIONI GENERALI S.P.A.: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 51. ASSICURAZIONI GENERALI S.P.A.: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 52. THE DOCTORS COMPANY: NET SALES, 2021-2023 ($BILLION)
FIGURE 53. THE DOCTORS COMPANY: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 54. THE DOCTORS COMPANY: REVENUE SHARE, BY REGION, 2023 (%)
FIGURE 55. CNA FINANCIAL CORPORATION: NET SALES, 2021-2023 ($BILLION)
FIGURE 56. CNA FINANCIAL CORPORATION: REVENUE SHARE, BY SEGMENT, 2023 (%)
FIGURE 57. CNA FINANCIAL CORPORATION: REVENUE SHARE, BY REGION, 2023 (%)

Companies Mentioned

  • Chubb Group of Insurance Companies
  • American International Group, Inc.
  • Hiscox Inc.
  • Allianz SE
  • Tokio Marine Holdings, Inc.
  • AXA SA
  • The Travelers Indemnity Company
  • Assicurazioni Generali S.p.A.
  • The Doctors Company
  • CNA Financial Corporation

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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