Professional Liability Insurance Market Share Analysis 2019-2024 by Major Players: Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali, Doctors Company, Marsh and McLennan, Liberty Mutual, Medical Pro

Marketresearchnest Reports adds “Global Professional Liability Insurance Market Growth 2019-2024”new report to its research database. The report spread across 134 pages with multiple tables and figures in it.

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

According to this study, over the next five years the Professional Liability Insurance market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 45600 million by 2024, from US$ 38400 million in 2019. In particular, this report presents the global revenue market share of key companies in Professional Liability Insurance business, shared in Chapter 3.

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.

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This report studies the global Professional Liability Insurance market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the Global Professional Liability Insurance players in each region, with sales, price, revenue and market share from 2013 to 2019, the top players including
• Chubb (ACE)
• AIG
• Hiscox
• Allianz
• Tokio Marine Holdings
• XL Group
• AXA
• Travelers
• Assicurazioni Generali
• Doctors Company
• Marsh and McLennan
• Liberty Mutual
• Medical Protective
• Aviva
• Zurich
• Sompo Japan Nipponkoa
• Munich Re
• Aon
• Beazley
• Mapfre

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
• Medical Liability Insurance
• Lawyer Liability Insurance
• Other Liability Insurance

Split by applications, this report focuses on sales, market share and growth rate of Professional Liability Insurance in each application, can be divided into
• Up to $1 Million
• $1 Million to $5 Million
• $5 Million to $20 Million
• Over $20 Million

Browse full table of contents and data tables at
https://www.marketresearchnest.com/Global-Professional-Liability-Insurance-Market-Growth-Status-and-Outlook-2019-2024.html

Research objectives:
• To study and analyze the global Professional Liability Insurance consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2024.
• To understand the structure of Professional Liability Insurance market by identifying its various subsegments.
• Focuses on the key global Professional Liability Insurance manufacturers, to define, describe and analyze the sales volume, 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 consumption 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.

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