Global Professional Liability Insurance Market Size, Status and Forecast 2025


Report ID : RC-5352 Category : Service Industry Published Date : Jan-19
Publisher : S-AND-P Pages : 117 Format : PDF
This report studies the global Professional Liability Insurance market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Professional Liability Insurance market by companies, region, type and end-use industry.
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.

In 2017, the global Professional Liability Insurance market size was 38400 million US$ and it is expected to reach 48500 million US$ by the end of 2025, with a CAGR of 3.0% during 2018-2025.

This report focuses on the global top players, covered

    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

Market segment by Regions/Countries, this report covers

    United States

    Europe

    China

    Japan

    Southeast Asia

    India

Market segment by Type, the product can be split into

    Medical Liability Insurance

    Lawyer Liability Insurance

    Construction & Engineering Liability Insurance

    Other Liability Insurance

Market segment by Application, split into

    Up to $1 Million

    $1 Million to $5 Million

    $5 Million to $20 Million

    Over $20 Million

The study objectives of this report are:

    To study and forecast the market size of Professional Liability Insurance in global market.

    To analyze the global key players, SWOT analysis, value and global market share for top players.

    To define, describe and forecast the market by type, end use and region.

    To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.

    To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.

    To identify significant trends and factors driving or inhibiting the market growth.

    To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

    To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

    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.

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

    History Year: 2013-2017

    Base Year: 2017

    Estimated Year: 2018

    Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders

Professional Liability Insurance Manufacturers

Professional Liability Insurance Distributors/Traders/Wholesalers

Professional Liability Insurance Subcomponent Manufacturers

Industry Association

Downstream Vendors

Available Customizations

With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:

Regional and country-level analysis of the Professional Liability Insurance market, by end-use.

Detailed analysis and profiles of additional market players.
Global Professional Liability Insurance Market Size, Status and Forecast 2025

1 Industry Overview of Professional Liability Insurance

    1.1 Professional Liability Insurance Market Overview

        1.1.1 Professional Liability Insurance Product Scope

        1.1.2 Market Status and Outlook

    1.2 Global Professional Liability Insurance Market Size and Analysis by Regions (2013-2018)

        1.2.1 United States

        1.2.2 Europe

        1.2.3 China

        1.2.4 Japan

        1.2.5 Southeast Asia

        1.2.6 India

    1.3 Professional Liability Insurance Market by Type

        1.3.1 Medical Liability Insurance

        1.3.2 Lawyer Liability Insurance

        1.3.3 Construction & Engineering Liability Insurance

        1.3.4 Other Liability Insurance

    1.4 Professional Liability Insurance Market by End Users/Application

        1.4.1 Up to $1 Million

        1.4.2 $1 Million to $5 Million

        1.4.3 $5 Million to $20 Million

        1.4.4 Over $20 Million

2 Global Professional Liability Insurance Competition Analysis by Players

    2.1 Professional Liability Insurance Market Size (Value) by Players (2013-2018)

    2.2 Competitive Status and Trend

        2.2.1 Market Concentration Rate

        2.2.2 Product/Service Differences

        2.2.3 New Entrants

        2.2.4 The Technology Trends in Future

3 Company (Top Players) Profiles

    3.1 Chubb (ACE)

        3.1.1 Company Profile

        3.1.2 Main Business/Business Overview

        3.1.3 Products, Services and Solutions

        3.1.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.2 AIG

        3.2.1 Company Profile

        3.2.2 Main Business/Business Overview

        3.2.3 Products, Services and Solutions

        3.2.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.3 Hiscox

        3.3.1 Company Profile

        3.3.2 Main Business/Business Overview

        3.3.3 Products, Services and Solutions

        3.3.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.4 Allianz

        3.4.1 Company Profile

        3.4.2 Main Business/Business Overview

        3.4.3 Products, Services and Solutions

        3.4.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.5 Tokio Marine Holdings

        3.5.1 Company Profile

        3.5.2 Main Business/Business Overview

        3.5.3 Products, Services and Solutions

        3.5.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.6 XL Group

        3.6.1 Company Profile

        3.6.2 Main Business/Business Overview

        3.6.3 Products, Services and Solutions

        3.6.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.7 AXA

        3.7.1 Company Profile

        3.7.2 Main Business/Business Overview

        3.7.3 Products, Services and Solutions

        3.7.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.8 Travelers

        3.8.1 Company Profile

        3.8.2 Main Business/Business Overview

        3.8.3 Products, Services and Solutions

        3.8.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.9 Assicurazioni Generali

        3.9.1 Company Profile

        3.9.2 Main Business/Business Overview

        3.9.3 Products, Services and Solutions

        3.9.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.10 Doctors Company

        3.10.1 Company Profile

        3.10.2 Main Business/Business Overview

        3.10.3 Products, Services and Solutions

        3.10.4 Professional Liability Insurance Revenue (Million USD) (2013-2018)

    3.11 Marsh & McLennan

    3.12 Liberty Mutual

    3.13 Medical Protective

    3.14 Aviva

    3.15 Zurich

    3.16 Sompo Japan Nipponkoa

    3.17 Munich Re

    3.18 Aon

    3.19 Beazley

    3.20 Mapfre

4 Global Professional Liability Insurance Market Size by Type and Application (2013-2018)

    4.1 Global Professional Liability Insurance Market Size by Type (2013-2018)

    4.2 Global Professional Liability Insurance Market Size by Application (2013-2018)

    4.3 Potential Application of Professional Liability Insurance in Future

    4.4 Top Consumer/End Users of Professional Liability Insurance

5 United States Professional Liability Insurance Development Status and Outlook

    5.1 United States Professional Liability Insurance Market Size (2013-2018)

    5.2 United States Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    5.3 United States Professional Liability Insurance Market Size by Application (2013-2018)

6 Europe Professional Liability Insurance Development Status and Outlook

    6.1 Europe Professional Liability Insurance Market Size (2013-2018)

    6.2 Europe Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    6.3 Europe Professional Liability Insurance Market Size by Application (2013-2018)

7 China Professional Liability Insurance Development Status and Outlook

    7.1 China Professional Liability Insurance Market Size (2013-2018)

    7.2 China Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    7.3 China Professional Liability Insurance Market Size by Application (2013-2018)

8 Japan Professional Liability Insurance Development Status and Outlook

    8.1 Japan Professional Liability Insurance Market Size (2013-2018)

    8.2 Japan Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    8.3 Japan Professional Liability Insurance Market Size by Application (2013-2018)

9 Southeast Asia Professional Liability Insurance Development Status and Outlook

    9.1 Southeast Asia Professional Liability Insurance Market Size (2013-2018)

    9.2 Southeast Asia Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    9.3 Southeast Asia Professional Liability Insurance Market Size by Application (2013-2018)

10 India Professional Liability Insurance Development Status and Outlook

    10.1 India Professional Liability Insurance Market Size (2013-2018)

    10.2 India Professional Liability Insurance Market Size and Market Share by Players (2013-2018)

    10.3 India Professional Liability Insurance Market Size by Application (2013-2018)

11 Market Forecast by Regions, Type and Application (2019-2026)

    11.1 Global Professional Liability Insurance Market Size (Value) by Regions (2019-2026)

        11.1.1 United States Professional Liability Insurance Revenue and Growth Rate (2019-2026)

        11.1.2 Europe Professional Liability Insurance Revenue and Growth Rate (2019-2026)

        11.1.3 China Professional Liability Insurance Revenue and Growth Rate (2019-2026)

        11.1.4 Japan Professional Liability Insurance Revenue and Growth Rate (2019-2026)

        11.1.5 Southeast Asia Professional Liability Insurance Revenue and Growth Rate (2019-2026)

        11.1.6 India Professional Liability Insurance Revenue and Growth Rate (2019-2026)

    11.2 Global Professional Liability Insurance Market Size (Value) by Type (2019-2026)

    11.3 Global Professional Liability Insurance Market Size by Application (2019-2026)

12 Professional Liability Insurance Market Dynamics

    12.1 Professional Liability Insurance Market Opportunities

    12.2 Professional Liability Insurance Challenge and Risk

        12.2.1 Competition from Opponents

        12.2.2 Downside Risks of Economy

    12.3 Professional Liability Insurance Market Constraints and Threat

        12.3.1 Threat from Substitute

        12.3.2 Government Policy

        12.3.3 Technology Risks

    12.4 Professional Liability Insurance Market Driving Force

        12.4.1 Growing Demand from Emerging Markets

        12.4.2 Potential Application

13 Market Effect Factors Analysis

    13.1 Technology Progress/Risk

        13.1.1 Substitutes

        13.1.2 Technology Progress in Related Industry

    13.2 Consumer Needs Trend/Customer Preference

    13.3 External Environmental Change

        13.3.1 Economic Fluctuations

        13.3.2 Other Risk Factors

14 Research Finding/Conclusion

15 Appendix

    Methodology

    Analyst Introduction

    Data Source

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