Global Professional Liability Insurance Market Research Report 2022 - Market Size, Current Insights and Development Trends

Professional Liability Insurance (PLI), also known as Professional Indemnity Insurance (PII) or Error and omission (E&O), is a liability insurance that is frequently used by businesses to prevent the full cost associated with negligent claims. Unlike general liability insurance, which involves various disasters such as third-party injuries, professional liability insurance is a policy of professionals who make a living from professionals. This usually includes lawyers, doctors, architects, engineers, IT consultants and people in similar positions.
The Professional Liability Insurance market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Professional Liability Insurance market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Professional Liability Insurance market.

Major Players in the Professional Liability Insurance market are:
AXA
Aviva
Ageas
QBE
HDI
Nexus Underwriting
Travelers
AIG
Royal and Sun Alliance
Lloyds Banking Group
Manchester Underwriting
Glemham Insurance
Tokyo Marine HCC
CNA Hardy
AmTrust Europe
Markel direct
Hiscox
Zurich
Liberty Mutual
Sompo Internation

On the basis of types, the Professional Liability Insurance market is primarily split into:
Medical Liability
Lawyer Liability
CPA Liability
Construction & Engineering Liability
Others

On the basis of applications, the market covers:
Up to $1 Million
$1 Million to $5 Million
$5 Million to $20 Million
Over $20 Million

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029