Professional Liability Insurance Market 2018 Analysis By Key Players – Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali

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$15.2 billion to professionals in all other segments combined.
Over the next five years, LPI(LP Information) projects that Professional Liability Insurance will register a 2.9% CAGR in terms of revenue, reach US$ 45600 million by 2023, from US$ 38400 million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Professional Liability Insurance market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:
Medical Liability Insurance
Lawyer Liability Insurance
Other Liability Insurance
Segmentation by application:
Up to $1 Million
$1 Million to $5 Million
$5 Million to $20 Million
Over $20 Million

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We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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

Table of Contents - Key Points

2018-2023 Global Professional Liability Insurance Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Professional Liability Insurance Market Size 2013-2023
2.1.2 Professional Liability Insurance Market Size CAGR by Region
2.2 Professional Liability Insurance Segment by Type
2.2.1 Medical Liability Insurance
2.2.2 Lawyer Liability Insurance
2.2.3 Construction & Engineering Liability Insurance
2.2.4 Other Liability Insurance
2.3 Professional Liability Insurance Market Size by Type
2.3.1 Global Professional Liability Insurance Market Size Market Share by Type (2013-2018)
2.3.2 Global Professional Liability Insurance Market Size Growth Rate by Type (2013-2018)
2.4 Professional Liability Insurance Segment by Application
2.4.1 Up to $1 Million
2.4.2 $1 Million to $5 Million
2.4.3 $5 Million to $20 Million
2.4.4 Over $20 Million
2.5 Professional Liability Insurance Market Size by Application
2.5.1 Global Professional Liability Insurance Market Size Market Share by Application (2013-2018)
2.5.2 Global Professional Liability Insurance Market Size Growth Rate by Application (2013-2018)

3 Global Professional Liability Insurance by Players
3.1 Global Professional Liability Insurance Market Size Market Share by Players
3.1.1 Global Professional Liability Insurance Market Size by Players (2016-2018)
3.1.2 Global Professional Liability Insurance Market Size Market Share by Players (2016-2018)
3.2 Global Professional Liability Insurance Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
...............
11 Key Players Analysis
11.1 Chubb (ACE)
11.1.1 Company Details
11.1.2 Professional Liability Insurance Product Offered
11.1.3 Chubb (ACE) Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 Chubb (ACE) News
11.2 AIG
11.2.1 Company Details
11.2.2 Professional Liability Insurance Product Offered
11.2.3 AIG Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 AIG News
11.3 Hiscox
11.3.1 Company Details
11.3.2 Professional Liability Insurance Product Offered
11.3.3 Hiscox Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 Hiscox News
11.4 Allianz
11.4.1 Company Details
11.4.2 Professional Liability Insurance Product Offered
11.4.3 Allianz Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.4.4 Main Business Overview
11.4.5 Allianz News
11.5 Tokio Marine Holdings
11.5.1 Company Details
11.5.2 Professional Liability Insurance Product Offered
11.5.3 Tokio Marine Holdings Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.5.4 Main Business Overview
11.5.5 Tokio Marine Holdings News
11.6 XL Group
11.6.1 Company Details
11.6.2 Professional Liability Insurance Product Offered
11.6.3 XL Group Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.6.4 Main Business Overview
11.6.5 XL Group News
11.7 AXA
11.7.1 Company Details
11.7.2 Professional Liability Insurance Product Offered
11.7.3 AXA Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.7.4 Main Business Overview
11.7.5 AXA News
11.8 Travelers
11.8.1 Company Details
11.8.2 Professional Liability Insurance Product Offered
11.8.3 Travelers Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.8.4 Main Business Overview
11.8.5 Travelers News
11.9 Assicurazioni Generali
11.9.1 Company Details
11.9.2 Professional Liability Insurance Product Offered
11.9.3 Assicurazioni Generali Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.9.4 Main Business Overview
11.9.5 Assicurazioni Generali News
11.10 Doctors Company
11.10.1 Company Details
11.10.2 Professional Liability Insurance Product Offered
11.10.3 Doctors Company Professional Liability Insurance Revenue, Gross Margin and Market Share (2016-2018)
11.10.4 Main Business Overview
11.10.5 Doctors Company News
11.11 Marsh & McLennan
11.12 Liberty Mutual
11.13 Medical Protective

……Continued

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