Professional Indemnity Insurance Market, Global Outlook and Forecast 2023-2032
Professional indemnity insurance, often referred to as professional liability insurance or PI insurance, covers legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded
This report aims to provide a comprehensive presentation of the global market for Professional Indemnity Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Professional Indemnity Insurance. This report contains market size and forecasts of Professional Indemnity Insurance in global, including the following market information:
Global Professional Indemnity Insurance Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Professional Indemnity Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Medical Indemnity Insurance Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Professional Indemnity Insurance include Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers and Assicurazioni Generali, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Professional Indemnity Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Professional Indemnity Insurance Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Professional Indemnity Insurance Market Segment Percentages, by Type, 2022 (%)
Medical Indemnity Insurance
Lawyer Indemnity Insurance
Construction & Engineering Indemnity Insurance
Other Indemnity Insurance
Global Professional Indemnity Insurance Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Professional Indemnity Insurance Market Segment Percentages, by Application, 2022 (%)
Up to $1 Million
$1 Million to $5 Million
$5 Million to $20 Million
Over $20 Million
Global Professional Indemnity Insurance Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Professional Indemnity Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Professional Indemnity Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Professional Indemnity Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Chubb (ACE)
AIG
Hiscox
Allianz
Tokio Marine Holdings
XL Group
AXA
Travelers
Assicurazioni Generali
Doctors Company
Marsh & McLennan
Liberty Mutual
Medical Protective
Aviva
Outline of Major Chapters:
Chapter 1: Introduces the definition of Professional Indemnity Insurance, market overview.
Chapter 2: Global Professional Indemnity Insurance market size in revenue.
Chapter 3: Detailed analysis of Professional Indemnity Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Professional Indemnity Insurance in regional level and country 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
