Dublin, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "Professional Liability Insurance Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global professional liability insurance market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
The future of the global professional liability insurance market looks promising with opportunities in the commercial and personal markets. The major drivers for this market are expansion of professional services in diverse sectors including legal, healthcare, engineering, consulting, and technology and business environment has grown more intricate, presenting emerging risks and challenges.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies professional liability insurance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Professional Liability Insurance Market Insights
- General liability insurance is expected to witness highest growth over the forecast period due to its recognition as the most coveted policy.
- Within this market, commercial will remain the highest segment due to tailored industry-specific coverage, risk management benefits, and regulatory compliance requirements.
- North America is expected to witness highest growth over the forecast period due to mature insurance industry, stringent regulations, a litigious culture, diverse industries, and high awareness among professionals.
Features of the Global Professional Liability Insurance Market
- Market Size Estimates: Professional liability insurance market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Professional liability insurance market size by coverage type, enterprise size, application, and region in terms of value ($B).
- Regional Analysis: Professional liability insurance market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different coverage type, enterprise size, application, and regions for the professional liability insurance market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the professional liability insurance market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Key Topics Covered:
1. Executive Summary
2. Global Professional Liability Insurance Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Professional Liability Insurance Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Professional Liability Insurance Market by Coverage Type
3.3.1: General Liability Insurance
3.3.2: Professional Liability Insurance
3.3.3: Insurance for Directors & Officers
3.4: Global Professional Liability Insurance Market by Enterprise Size
3.4.1: Medium-Sized Enterprises
3.4.2: Large Enterprises
3.4.3: Small Enterprises
3.5: Global Professional Liability Insurance Market by Application
3.5.1: Commercial
3.5.2: Personal
3.5.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Professional Liability Insurance Market by Region
4.2: North American Professional Liability Insurance Market
4.2.2: North American Professional Liability Insurance Market by Application: Commercial, Personal, and Others
4.3: European Professional Liability Insurance Market
4.3.1: European Professional Liability Insurance Market by Coverage Type: General Liability Insurance, Professional Liability Insurance, and Insurance for Directors & Officers
4.3.2: European Professional Liability Insurance Market by Application: Commercial, Personal, and Others
4.4: APAC Professional Liability Insurance Market
4.4.1: APAC Professional Liability Insurance Market by Coverage Type: General Liability Insurance, Professional Liability Insurance, and Insurance for Directors & Officers
4.4.2: APAC Professional Liability Insurance Market by Application: Commercial, Personal, and Others
4.5: ROW Professional Liability Insurance Market
4.5.1: ROW Professional Liability Insurance Market by Coverage Type: General Liability Insurance, Professional Liability Insurance, and Insurance for Directors & Officers
4.5.2: ROW Professional Liability Insurance Market by Application: Commercial, Personal, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Professional Liability Insurance Market by Coverage Type
6.1.2: Growth Opportunities for the Global Professional Liability Insurance Market by Enterprise Size
6.1.3: Growth Opportunities for the Global Professional Liability Insurance Market by Application
6.1.4: Growth Opportunities for the Global Professional Liability Insurance Market by Region
6.2: Emerging Trends in the Global Professional Liability Insurance Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Professional Liability Insurance Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Professional Liability Insurance Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Chubb
7.2: AIG
7.3: Zurich Insurance
7.4: Berkshire Hathaway Specialty Insurance
7.5: Allianz
7.6: Travelers Companies
7.7: Liberty Mutual Insurance
7.8: AXA
7.9: CNA Financial
7.10: Hiscox
For more information about this report visit https://www.researchandmarkets.com/r/w0tn6z
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