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(MoneyNewsWire.Net, July 06, 2019 ) 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.
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Scope of the Report:
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.
The global Professional Liability Insurance market is valued at 38400 million USD in 2018 and is expected to reach 45600 million USD by the end of 2024, growing at a CAGR of 2.9% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Professional Liability Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Professional Liability Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Professional Liability Insurance market by product type and applications/end industries.
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Market Segment by Companies, this report covers
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, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Medical Liability Insurance
Lawyer Liability Insurance
Construction & Engineering Liability Insurance
Other Liability Insurance
Market Segment by Applications, can be divided into
Up to $1 Million
$1 Million to $5 Million
$5 Million to $20 Million
Over $20 Million
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Major Point of TOC:
Chapter One: Professional Liability Insurance Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Professional Liability Insurance Market Competition, by Players
Chapter Four: Global Professional Liability Insurance Market Size by Regions
Chapter Five: North America Professional Liability Insurance Revenue by Countries
Chapter Six: Europe Professional Liability Insurance Revenue by Countries
Chapter Seven: Asia-Pacific Professional Liability Insurance Revenue by Countries
Chapter Eight: South America Professional Liability Insurance Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Professional Liability Insurance by Countries
Chapter Ten: Global Professional Liability Insurance Market Segment by Type
Chapter Eleven: Global Professional Liability Insurance Market Segment by Application
Chapter Twelve: Global Professional Liability Insurance Market Size Forecast (2019-2024)
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Analytical Research Cognizance
Avanti dengale
16464347969
avanti.dengale@arcognizance.com
Source: EmailWire.Com 
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