The emergence of cyber and privacy liability is helping to achieve the heights to the global professional liability insurance industry.
NOIDA, UTTAR PRADESH, INDIA, October 10, 2019 /EINPresswire.com/ — According to BlueWeave Consulting, the Professional liability Market is expected to grow exponentially over the forecast period at a substantial rate. It is owing to the increasing addition of cyber and privacy breach to their general professional liabilities policies. The impact of legislation is visible on the industry as franchisers liability is growing, which covers franchisers against the lawsuit. Technological enlargement is also tempting new risks to different sectors which is fueling the industry.
Alongside cyber, errors and omissions (E&O), and D&O lines in privately held as well as publicly traded and initial public offering (IPO) corporations offered the most significant growth potential.
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Global Professional Liability Insurance Market Competitive Landscape
Companies such as Chubb Limited, AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali, Doctors Company, Marsh & McLennan, Liberty Mutual, Medical Protective and viva, Zurich, Sompo Japan Nipponkoa, Munich Re, Aon, Beazley and Mapfre are the key in the industry.
Among type. Construction & Engineering Liability Insurance market holds the most substantial market value during the forecast period
Construction & Engineering Liability segment dominates the professional liability market during the forecast period 2019-2025. Knowledge of risk associated with the industry and claiming returns are the key drivers to this segment. The rising pool of high worth entities and the turnaround in the ownership of monetary assets that standardizes their demand across various regions. Medical liability continues to grow as the health facilities, and convenient care clinic is growing.
North America is the leading region of the Professional Liability Insurance Market over the forecast period
North America is a leading market for the liability insurance market owing to technological growth in every sector where the risk is associated with innovations. Competition among the key players of the industry is favoring the insurance market. Involvements of technologies in procurement transactions are accompanying with risk which fueling the industry.
Scope of the Report
• Medical Liability Insurance
• Lawyer Liability Insurance
• Construction & Engineering Liability Insurance
• Other Liability Insurance
• Up to $1 Million
• $1 Million to $5 Million
• $5 Million to $20 Million
• Over $20 Million
Besides, the report provides an analysis of the Global Professional Liability Insurance market with respect to the following geographic segments:
• North America
• Asia Pacific (APAC)
Table of Contents
Chapter: 1. Research Framework
Chapter: 2. Research Methodology
Chapter: 3. Executive Summary
Chapter: 4. Global Professional Liability Insurance Market – Industry Insights
Chapter: 5. Global Professional Liability Insurance Market Overview
Chapter: 6. North America Professional Liability Insurance Market
Chapter: 7. Europe Professional Liability Insurance Market
Chapter: 8. Asia Pacific Professional Liability Insurance Market
Chapter: 9. Latin America Professional Liability Insurance Market
Chapter: 10. Middle East & Africa Professional Liability Insurance Market
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About BlueWeave Consulting & Research Pvt Ltd. (BWC)
BlueWeave Consulting provides a full scope of business intelligence solution for solving your toughest challenges. BWC is an emerging global expert & pioneer in the market research and provision of exclusive market INTEL. We optimize your decision making by equipping your industry with an accurate & better market research according to your industry demands through our professionally designed qualitative & quantitative research methods. Our trendy & efficient sample collection methods, integrated data solutions as well as methodologies certainly make us a better partner that you can rely on. With collective experience in the varied fields of retail, market research and reporting, we provide the business insight and business practices that would give the required impetus for your company’s growth.
Source: EIN Presswire