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Global Professional Liability Insurance Market Analysis and Forecast 2024-2030

April 2024 | 147 pages | ID: G04F001BF6B8EN
APO Research

US$ 4,950.00

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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.

According to APO Research, The global Professional Liability Insurance market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

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 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Professional Liability Insurance, also provides the revenue of main regions and countries. Of the upcoming market potential for Professional Liability Insurance, and key regions or 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 manufacturers, data from 2019 to 2024. 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 2019 to 2030. 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.

Professional Liability Insurance segment by Company
  • 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
Professional Liability Insurance segment by Type
  • Medical Liability
  • Lawyer Liability
  • CPA Liability
  • Construction & Engineering Liability
  • Other Liability
Professional Liability Insurance segment by Application
  • Up to $1 Million
  • $1 Million to $5 Million
  • $5 Million to $20 Million
  • Over $20 Million
Professional Liability Insurance segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Study Objectives

1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.

2. To present the key players, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Professional Liability Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Professional Liability Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in market size), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Professional Liability Insurance.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Revenue of Professional Liability Insurance in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 4: Detailed analysis of Professional Liability Insurance company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 5: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Professional Liability Insurance revenue, gross margin, and recent development, etc.

Chapter 8: North America (US & Canada) by type, by application and by country, revenue for each segment.

Chapter 9: Europe by type, by application and by country, revenue for each segment.

Chapter 10: China type, by application, revenue for each segment.

Chapter 11: Asia (excluding China) type, by application and by region, revenue for each segment.

Chapter 12: Middle East, Africa, and Latin America type, by application and by country, revenue for each segment.

Chapter 13: The main concluding insights of the report.

Chapter 13: The main concluding insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Professional Liability Insurance Market by Type
  1.2.1 Global Professional Liability Insurance Market Size by Type, 2019 VS 2023 VS 2030
  1.2.2 Medical Liability
  1.2.3 Lawyer Liability
  1.2.4 CPA Liability
  1.2.5 Construction & Engineering Liability
  1.2.6 Other Liability
1.3 Professional Liability Insurance Market by Application
  1.3.1 Global Professional Liability Insurance Market Size by Application, 2019 VS 2023 VS 2030
  1.3.2 Up to $1 Million
  1.3.3 $1 Million to $5 Million
  1.3.4 $5 Million to $20 Million
  1.3.5 Over $20 Million
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives

2 PROFESSIONAL LIABILITY INSURANCE MARKET DYNAMICS

2.1 Professional Liability Insurance Industry Trends
2.2 Professional Liability Insurance Industry Drivers
2.3 Professional Liability Insurance Industry Opportunities and Challenges
2.4 Professional Liability Insurance Industry Restraints

3 GLOBAL GROWTH PERSPECTIVE

3.1 Global Professional Liability Insurance Market Perspective (2019-2030)
3.2 Global Professional Liability Insurance Growth Trends by Region
  3.2.1 Global Professional Liability Insurance Market Size by Region: 2019 VS 2023 VS 2030
  3.2.2 Global Professional Liability Insurance Market Size by Region (2019-2024)
  3.2.3 Global Professional Liability Insurance Market Size by Region (2025-2030)

4 COMPETITIVE LANDSCAPE BY PLAYERS

4.1 Global Professional Liability Insurance Revenue by Players
  4.1.1 Global Professional Liability Insurance Revenue by Players (2019-2024)
  4.1.2 Global Professional Liability Insurance Revenue Market Share by Players (2019-2024)
  4.1.3 Global Professional Liability Insurance Players Revenue Share Top 10 and Top 5 in 2023
4.2 Global Professional Liability Insurance Key Players Ranking, 2022 VS 2023 VS 2024
4.3 Global Professional Liability Insurance Key Players Headquarters & Area Served
4.4 Global Professional Liability Insurance Players, Product Type & Application
4.5 Global Professional Liability Insurance Players Commercialization Time
4.6 Market Competitive Analysis
  4.6.1 Global Professional Liability Insurance Market CR5 and HHI
  4.6.2 Global Top 5 and 10 Professional Liability Insurance Players Market Share by Revenue in 2023
  4.6.3 2023 Professional Liability Insurance Tier 1, Tier 2, and Tier

5 PROFESSIONAL LIABILITY INSURANCE MARKET SIZE BY TYPE

5.1 Global Professional Liability Insurance Revenue by Type (2019 VS 2023 VS 2030)
5.2 Global Professional Liability Insurance Revenue by Type (2019-2030)
5.3 Global Professional Liability Insurance Revenue Market Share by Type (2019-2030)

6 PROFESSIONAL LIABILITY INSURANCE MARKET SIZE BY APPLICATION

6.1 Global Professional Liability Insurance Revenue by Application (2019 VS 2023 VS 2030)
6.2 Global Professional Liability Insurance Revenue by Application (2019-2030)
6.3 Global Professional Liability Insurance Revenue Market Share by Application (2019-2030)

7 COMPANY PROFILES

7.1 Chubb (ACE)
  7.1.1 Chubb (ACE) Comapny Information
  7.1.2 Chubb (ACE) Business Overview
  7.1.3 Chubb (ACE) Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.1.4 Chubb (ACE) Professional Liability Insurance Product Portfolio
  7.1.5 Chubb (ACE) Recent Developments
7.2 AIG
  7.2.1 AIG Comapny Information
  7.2.2 AIG Business Overview
  7.2.3 AIG Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.2.4 AIG Professional Liability Insurance Product Portfolio
  7.2.5 AIG Recent Developments
7.3 Hiscox
  7.3.1 Hiscox Comapny Information
  7.3.2 Hiscox Business Overview
  7.3.3 Hiscox Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.3.4 Hiscox Professional Liability Insurance Product Portfolio
  7.3.5 Hiscox Recent Developments
7.4 Allianz
  7.4.1 Allianz Comapny Information
  7.4.2 Allianz Business Overview
  7.4.3 Allianz Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.4.4 Allianz Professional Liability Insurance Product Portfolio
  7.4.5 Allianz Recent Developments
7.5 Tokio Marine Holdings
  7.5.1 Tokio Marine Holdings Comapny Information
  7.5.2 Tokio Marine Holdings Business Overview
  7.5.3 Tokio Marine Holdings Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.5.4 Tokio Marine Holdings Professional Liability Insurance Product Portfolio
  7.5.5 Tokio Marine Holdings Recent Developments
7.6 XL Group
  7.6.1 XL Group Comapny Information
  7.6.2 XL Group Business Overview
  7.6.3 XL Group Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.6.4 XL Group Professional Liability Insurance Product Portfolio
  7.6.5 XL Group Recent Developments
7.7 AXA
  7.7.1 AXA Comapny Information
  7.7.2 AXA Business Overview
  7.7.3 AXA Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.7.4 AXA Professional Liability Insurance Product Portfolio
  7.7.5 AXA Recent Developments
7.8 Travelers
  7.8.1 Travelers Comapny Information
  7.8.2 Travelers Business Overview
  7.8.3 Travelers Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.8.4 Travelers Professional Liability Insurance Product Portfolio
  7.8.5 Travelers Recent Developments
7.9 Assicurazioni Generali
  7.9.1 Assicurazioni Generali Comapny Information
  7.9.2 Assicurazioni Generali Business Overview
  7.9.3 Assicurazioni Generali Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.9.4 Assicurazioni Generali Professional Liability Insurance Product Portfolio
  7.9.5 Assicurazioni Generali Recent Developments
7.10 Doctors Company
  7.10.1 Doctors Company Comapny Information
  7.10.2 Doctors Company Business Overview
  7.10.3 Doctors Company Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.10.4 Doctors Company Professional Liability Insurance Product Portfolio
  7.10.5 Doctors Company Recent Developments
7.11 Marsh & McLennan
  7.11.1 Marsh & McLennan Comapny Information
  7.11.2 Marsh & McLennan Business Overview
  7.11.3 Marsh & McLennan Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.11.4 Marsh & McLennan Professional Liability Insurance Product Portfolio
  7.11.5 Marsh & McLennan Recent Developments
7.12 Liberty Mutual
  7.12.1 Liberty Mutual Comapny Information
  7.12.2 Liberty Mutual Business Overview
  7.12.3 Liberty Mutual Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.12.4 Liberty Mutual Professional Liability Insurance Product Portfolio
  7.12.5 Liberty Mutual Recent Developments
7.13 Medical Protective
  7.13.1 Medical Protective Comapny Information
  7.13.2 Medical Protective Business Overview
  7.13.3 Medical Protective Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.13.4 Medical Protective Professional Liability Insurance Product Portfolio
  7.13.5 Medical Protective Recent Developments
7.14 Aviva
  7.14.1 Aviva Comapny Information
  7.14.2 Aviva Business Overview
  7.14.3 Aviva Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.14.4 Aviva Professional Liability Insurance Product Portfolio
  7.14.5 Aviva Recent Developments
7.15 Zurich
  7.15.1 Zurich Comapny Information
  7.15.2 Zurich Business Overview
  7.15.3 Zurich Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.15.4 Zurich Professional Liability Insurance Product Portfolio
  7.15.5 Zurich Recent Developments
7.16 Sompo Japan Nipponkoa
  7.16.1 Sompo Japan Nipponkoa Comapny Information
  7.16.2 Sompo Japan Nipponkoa Business Overview
  7.16.3 Sompo Japan Nipponkoa Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.16.4 Sompo Japan Nipponkoa Professional Liability Insurance Product Portfolio
  7.16.5 Sompo Japan Nipponkoa Recent Developments
7.17 Munich Re
  7.17.1 Munich Re Comapny Information
  7.17.2 Munich Re Business Overview
  7.17.3 Munich Re Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.17.4 Munich Re Professional Liability Insurance Product Portfolio
  7.17.5 Munich Re Recent Developments
7.18 Aon
  7.18.1 Aon Comapny Information
  7.18.2 Aon Business Overview
  7.18.3 Aon Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.18.4 Aon Professional Liability Insurance Product Portfolio
  7.18.5 Aon Recent Developments
7.19 Beazley
  7.19.1 Beazley Comapny Information
  7.19.2 Beazley Business Overview
  7.19.3 Beazley Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.19.4 Beazley Professional Liability Insurance Product Portfolio
  7.19.5 Beazley Recent Developments
7.20 Mapfre
  7.20.1 Mapfre Comapny Information
  7.20.2 Mapfre Business Overview
  7.20.3 Mapfre Professional Liability Insurance Revenue and Gross Margin (2019-2024)
  7.20.4 Mapfre Professional Liability Insurance Product Portfolio
  7.20.5 Mapfre Recent Developments

8 NORTH AMERICA

8.1 North America Professional Liability Insurance Revenue (2019-2030)
8.2 North America Professional Liability Insurance Revenue by Type (2019-2030)
  8.2.1 North America Professional Liability Insurance Revenue by Type (2019-2024)
  8.2.2 North America Professional Liability Insurance Revenue by Type (2025-2030)
8.3 North America Professional Liability Insurance Revenue Share by Type (2019-2030)
8.4 North America Professional Liability Insurance Revenue by Application (2019-2030)
  8.4.1 North America Professional Liability Insurance Revenue by Application (2019-2024)
  8.4.2 North America Professional Liability Insurance Revenue by Application (2025-2030)
8.5 North America Professional Liability Insurance Revenue Share by Application (2019-2030)
8.6 North America Professional Liability Insurance Revenue by Country
  8.6.1 North America Professional Liability Insurance Revenue by Country (2019 VS 2023 VS 2030)
  8.6.2 North America Professional Liability Insurance Revenue by Country (2019-2024)
  8.6.3 North America Professional Liability Insurance Revenue by Country (2025-2030)
  8.6.4 U.S.
  8.6.5 Canada

9 EUROPE

9.1 Europe Professional Liability Insurance Revenue (2019-2030)
9.2 Europe Professional Liability Insurance Revenue by Type (2019-2030)
  9.2.1 Europe Professional Liability Insurance Revenue by Type (2019-2024)
  9.2.2 Europe Professional Liability Insurance Revenue by Type (2025-2030)
9.3 Europe Professional Liability Insurance Revenue Share by Type (2019-2030)
9.4 Europe Professional Liability Insurance Revenue by Application (2019-2030)
  9.4.1 Europe Professional Liability Insurance Revenue by Application (2019-2024)
  9.4.2 Europe Professional Liability Insurance Revenue by Application (2025-2030)
9.5 Europe Professional Liability Insurance Revenue Share by Application (2019-2030)
9.6 Europe Professional Liability Insurance Revenue by Country
  9.6.1 Europe Professional Liability Insurance Revenue by Country (2019 VS 2023 VS 2030)
  9.6.2 Europe Professional Liability Insurance Revenue by Country (2019-2024)
  9.6.3 Europe Professional Liability Insurance Revenue by Country (2025-2030)
  9.6.4 Germany
  9.6.5 France
  9.6.6 U.K.
  9.6.7 Italy
  9.6.8 Russia

10 CHINA

10.1 China Professional Liability Insurance Revenue (2019-2030)
10.2 China Professional Liability Insurance Revenue by Type (2019-2030)
  10.2.1 China Professional Liability Insurance Revenue by Type (2019-2024)
  10.2.2 China Professional Liability Insurance Revenue by Type (2025-2030)
10.3 China Professional Liability Insurance Revenue Share by Type (2019-2030)
10.4 China Professional Liability Insurance Revenue by Application (2019-2030)
  10.4.1 China Professional Liability Insurance Revenue by Application (2019-2024)
  10.4.2 China Professional Liability Insurance Revenue by Application (2025-2030)
10.5 China Professional Liability Insurance Revenue Share by Application (2019-2030)

11 ASIA (EXCLUDING CHINA)

11.1 Asia Professional Liability Insurance Revenue (2019-2030)
11.2 Asia Professional Liability Insurance Revenue by Type (2019-2030)
  11.2.1 Asia Professional Liability Insurance Revenue by Type (2019-2024)
  11.2.2 Asia Professional Liability Insurance Revenue by Type (2025-2030)
11.3 Asia Professional Liability Insurance Revenue Share by Type (2019-2030)
11.4 Asia Professional Liability Insurance Revenue by Application (2019-2030)
  11.4.1 Asia Professional Liability Insurance Revenue by Application (2019-2024)
  11.4.2 Asia Professional Liability Insurance Revenue by Application (2025-2030)
11.5 Asia Professional Liability Insurance Revenue Share by Application (2019-2030)
11.6 Asia Professional Liability Insurance Revenue by Country
  11.6.1 Asia Professional Liability Insurance Revenue by Country (2019 VS 2023 VS 2030)
  11.6.2 Asia Professional Liability Insurance Revenue by Country (2019-2024)
  11.6.3 Asia Professional Liability Insurance Revenue by Country (2025-2030)
  11.6.4 Japan
  11.6.5 South Korea
  11.6.6 India
  11.6.7 Australia
  11.6.8 China Taiwan
  11.6.9 Southeast Asia

12 MIDDLE EAST, AFRICA, LATIN AMERICA

12.1 MEALA Professional Liability Insurance Revenue (2019-2030)
12.2 MEALA Professional Liability Insurance Revenue by Type (2019-2030)
  12.2.1 MEALA Professional Liability Insurance Revenue by Type (2019-2024)
  12.2.2 MEALA Professional Liability Insurance Revenue by Type (2025-2030)
12.3 MEALA Professional Liability Insurance Revenue Share by Type (2019-2030)
12.4 MEALA Professional Liability Insurance Revenue by Application (2019-2030)
  12.4.1 MEALA Professional Liability Insurance Revenue by Application (2019-2024)
  12.4.2 MEALA Professional Liability Insurance Revenue by Application (2025-2030)
12.5 MEALA Professional Liability Insurance Revenue Share by Application (2019-2030)
12.6 MEALA Professional Liability Insurance Revenue by Country
  12.6.1 MEALA Professional Liability Insurance Revenue by Country (2019 VS 2023 VS 2030)
  12.6.2 MEALA Professional Liability Insurance Revenue by Country (2019-2024)
  12.6.3 MEALA Professional Liability Insurance Revenue by Country (2025-2030)
  12.6.4 Mexico
  12.6.5 Brazil
  12.6.6 Israel
  12.6.7 Argentina
  12.6.8 Colombia
  12.6.9 Turkey
  12.6.10 Saudi Arabia
  12.6.11 UAE

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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