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Professional Liability Insurance Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

10-13-2023 01:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Professional Liability Insurance Market Revenue, Insights,

Professional Liability Insurance Market

The global Professional Liability Insurance market is projected to grow from US$ 45080 million in 2023 to US$ 55100 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period.

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-37H77/Global_Professional_Liability_Insurance_Market_Size_Status_and_Forecast_2022

Professional Liability Insurance Market

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.

Market Analysis and Insights: Global Professional Liability Insurance Market

Global Professional Liability Insurance key players include Chubb, AIG, AXA, Hiscox, Allianz, etc. Global top five manufacturers hold a share over 25%.

North America is the largest market, with a share about 60%, followed by Europe and Asia-Pacific, both have a share about 35 percent.

In terms of product, Medical Liability is the largest segment, with a share about 30%. And in terms of application, the largest application is Up to $1 Million, followed by $1 Million to $5 Million.

Report Includes

This report presents an overview of global market for Professional Liability Insurance market size. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.

This report researches the key producers of Professional Liability Insurance, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Professional Liability Insurance, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Professional Liability Insurance revenue, market share and industry ranking of main companies, data from 2018 to 2023. Identification of the major stakeholders in the global Professional Liability Insurance market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, revenue, and growth rate, from 2018 to 2029. Evaluation and forecast the market size for Professional Liability Insurance revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers and Assicurazioni Generali, etc.

By Type
• Medical Liability
• Lawyer Liability
• CPA Liability
• Construction & Engineering Liability
• Other Liability

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

Key Players
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

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-37H77/global-professional-liability-insurance

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