Industry: Service & Software
Published Date: 2024-04-16
Pages: 187 Pages
Report ld: 2683849
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Professional Liability Insurance Market Size(US$)

CAGR 2024-2030
3.4%
Market Size,2030
USD 55,100
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
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.
The global market for Professional Liability Insurance was estimated to be worth US$ 43480 million in 2023 and is forecast to a readjusted size of US$ 55100 million by 2030 with a CAGR of 3.4% during the forecast period 2024-2030.
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 $5 Million.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Professional Liability Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Professional Liability Insurance.
The Professional Liability Insurance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Professional Liability Insurance market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Professional Liability Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
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.
Chapter 2: Revenue of Professional Liability Insurance in global and regional level.
Chapter 3: Detailed analysis of Professional Liability Insurance company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 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: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
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TABLE OF CONTENTS
1 Study Coverage
1.1 Professional Liability Insurance Product Introduction
1.2 Market by Type
1.2.1 Global Professional Liability Insurance Market Size Growth Rate 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 Market by Application
1.3.1 Global Professional Liability Insurance Market Size Growth Rate 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 Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Professional Liability Insurance Market Size Estimates and Forecasts
2.2 Professional Liability Insurance Market Size by Region: 2023 Versus 2030
2.2.1 Global Professional Liability Insurance Revenue by Region: 2019-2024
2.2.2 Global Professional Liability Insurance Revenue Forecast by Region (2025-2030)
2.2.3 Global Professional Liability Insurance Revenue Market Share by Region (2019-2030)
3 Global Professional Liability Insurance by Company
3.1 Global Professional Liability Insurance Revenue by Company (2019-2024)
3.2 Global Professional Liability Insurance Revenue Share by Company (2019-2024)
3.3 Competitive Landscape
3.3.1 Key Professional Liability Insurance Companies around the World: Ranking by Revenue
3.3.2 Global Professional Liability Insurance Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.3.3 Global Professional Liability Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global Professional Liability Insurance Companies Headquarters & Product Type
3.4.1 Professional Liability Insurance Companies Headquarters
3.4.2 Global Professional Liability Insurance Companies Product & Service
3.4.3 Date of International Companies Enter into Professional Liability Insurance Market
3.5 Global Professional Liability Insurance Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 Chubb (ACE)
4.1.1 Chubb (ACE) Company Information
4.1.2 Chubb (ACE) Description, Business Overview
4.1.3 Chubb (ACE) Professional Liability Insurance Products Offered
4.1.4 Chubb (ACE) Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.1.5 Chubb (ACE) Professional Liability Insurance Revenue by Product in 2023
4.1.6 Chubb (ACE) Professional Liability Insurance Revenue by Application in 2023
4.1.7 Chubb (ACE) Professional Liability Insurance Revenue by Geographic Area in 2023
4.1.8 Chubb (ACE) Recent Developments
4.2 AIG
4.2.1 AIG Company Information
4.2.2 AIG Description, Business Overview
4.2.3 AIG Professional Liability Insurance Products Offered
4.2.4 AIG Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.2.5 AIG Professional Liability Insurance Revenue by Product in 2023
4.2.6 AIG Professional Liability Insurance Revenue by Application in 2023
4.2.7 AIG Professional Liability Insurance Revenue by Geographic Area in 2023
4.2.8 AIG Recent Developments
4.3 Hiscox
4.3.1 Hiscox Company Information
4.3.2 Hiscox Description, Business Overview
4.3.3 Hiscox Professional Liability Insurance Products Offered
4.3.4 Hiscox Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.3.5 Hiscox Professional Liability Insurance Revenue by Product in 2023
4.3.6 Hiscox Professional Liability Insurance Revenue by Application in 2023
4.3.7 Hiscox Professional Liability Insurance Revenue by Geographic Area in 2023
4.3.8 Hiscox Recent Developments
4.4 Allianz
4.4.1 Allianz Company Information
4.4.2 Allianz Description, Business Overview
4.4.3 Allianz Professional Liability Insurance Products Offered
4.4.4 Allianz Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.4.5 Allianz Professional Liability Insurance Revenue by Product in 2023
4.4.6 Allianz Professional Liability Insurance Revenue by Application in 2023
4.4.7 Allianz Professional Liability Insurance Revenue by Geographic Area in 2023
4.4.8 Allianz Recent Developments
4.5 Tokio Marine Holdings
4.5.1 Tokio Marine Holdings Company Information
4.5.2 Tokio Marine Holdings Description, Business Overview
4.5.3 Tokio Marine Holdings Professional Liability Insurance Products Offered
4.5.4 Tokio Marine Holdings Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.5.5 Tokio Marine Holdings Professional Liability Insurance Revenue by Product in 2023
4.5.6 Tokio Marine Holdings Professional Liability Insurance Revenue by Application in 2023
4.5.7 Tokio Marine Holdings Professional Liability Insurance Revenue by Geographic Area in 2023
4.5.8 Tokio Marine Holdings Recent Developments
4.6 XL Group
4.6.1 XL Group Company Information
4.6.2 XL Group Description, Business Overview
4.6.3 XL Group Professional Liability Insurance Products Offered
4.6.4 XL Group Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.6.5 XL Group Professional Liability Insurance Revenue by Product in 2023
4.6.6 XL Group Professional Liability Insurance Revenue by Application in 2023
4.6.7 XL Group Professional Liability Insurance Revenue by Geographic Area in 2023
4.6.8 XL Group Recent Development
4.7 AXA
4.7.1 AXA Company Information
4.7.2 AXA Description, Business Overview
4.7.3 AXA Professional Liability Insurance Products Offered
4.7.4 AXA Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.7.5 AXA Professional Liability Insurance Revenue by Product in 2023
4.7.6 AXA Professional Liability Insurance Revenue by Application in 2023
4.7.7 AXA Professional Liability Insurance Revenue by Geographic Area in 2023
4.7.8 AXA Recent Development
4.8 Travelers
4.8.1 Travelers Company Information
4.8.2 Travelers Description, Business Overview
4.8.3 Travelers Professional Liability Insurance Products Offered
4.8.4 Travelers Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.8.5 Travelers Professional Liability Insurance Revenue by Product in 2023
4.8.6 Travelers Professional Liability Insurance Revenue by Application in 2023
4.8.7 Travelers Professional Liability Insurance Revenue by Geographic Area in 2023
4.8.8 Travelers Recent Development
4.9 Assicurazioni Generali
4.9.1 Assicurazioni Generali Company Information
4.9.2 Assicurazioni Generali Description, Business Overview
4.9.3 Assicurazioni Generali Professional Liability Insurance Products Offered
4.9.4 Assicurazioni Generali Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.9.5 Assicurazioni Generali Professional Liability Insurance Revenue by Product in 2023
4.9.6 Assicurazioni Generali Professional Liability Insurance Revenue by Application in 2023
4.9.7 Assicurazioni Generali Professional Liability Insurance Revenue by Geographic Area in 2023
4.9.8 Assicurazioni Generali Recent Development
4.10 Doctors Company
4.10.1 Doctors Company Company Information
4.10.2 Doctors Company Description, Business Overview
4.10.3 Doctors Company Professional Liability Insurance Products Offered
4.10.4 Doctors Company Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.10.5 Doctors Company Professional Liability Insurance Revenue by Product in 2023
4.10.6 Doctors Company Professional Liability Insurance Revenue by Application in 2023
4.10.7 Doctors Company Professional Liability Insurance Revenue by Geographic Area in 2023
4.10.8 Doctors Company Recent Development
4.11 Marsh & McLennan
4.11.1 Marsh & McLennan Company Information
4.11.2 Marsh & McLennan Description, Business Overview
4.11.3 Marsh & McLennan Professional Liability Insurance Products Offered
4.11.4 Marsh & McLennan Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.11.5 Marsh & McLennan Professional Liability Insurance Revenue by Product in 2023
4.11.6 Marsh & McLennan Professional Liability Insurance Revenue by Application in 2023
4.11.7 Marsh & McLennan Professional Liability Insurance Revenue by Geographic Area in 2023
4.11.8 Marsh & McLennan Recent Development
4.12 Liberty Mutual
4.12.1 Liberty Mutual Company Information
4.12.2 Liberty Mutual Description, Business Overview
4.12.3 Liberty Mutual Professional Liability Insurance Products Offered
4.12.4 Liberty Mutual Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.12.5 Liberty Mutual Professional Liability Insurance Revenue by Product in 2023
4.12.6 Liberty Mutual Professional Liability Insurance Revenue by Application in 2023
4.12.7 Liberty Mutual Professional Liability Insurance Revenue by Geographic Area in 2023
4.12.8 Liberty Mutual Recent Development
4.13 Medical Protective
4.13.1 Medical Protective Company Information
4.13.2 Medical Protective Description, Business Overview
4.13.3 Medical Protective Professional Liability Insurance Products Offered
4.13.4 Medical Protective Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.13.5 Medical Protective Professional Liability Insurance Revenue by Product in 2023
4.13.6 Medical Protective Professional Liability Insurance Revenue by Application in 2023
4.13.7 Medical Protective Professional Liability Insurance Revenue by Geographic Area in 2023
4.13.8 Medical Protective Recent Development
4.14 Aviva
4.14.1 Aviva Company Information
4.14.2 Aviva Description, Business Overview
4.14.3 Aviva Professional Liability Insurance Products Offered
4.14.4 Aviva Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.14.5 Aviva Professional Liability Insurance Revenue by Product in 2023
4.14.6 Aviva Professional Liability Insurance Revenue by Application in 2023
4.14.7 Aviva Professional Liability Insurance Revenue by Geographic Area in 2023
4.14.8 Aviva Recent Development
4.15 Zurich
4.15.1 Zurich Company Information
4.15.2 Zurich Description, Business Overview
4.15.3 Zurich Professional Liability Insurance Products Offered
4.15.4 Zurich Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.15.5 Zurich Professional Liability Insurance Revenue by Product in 2023
4.15.6 Zurich Professional Liability Insurance Revenue by Application in 2023
4.15.7 Zurich Professional Liability Insurance Revenue by Geographic Area in 2023
4.15.8 Zurich Recent Development
4.16 Sompo Japan Nipponkoa
4.16.1 Sompo Japan Nipponkoa Company Information
4.16.2 Sompo Japan Nipponkoa Description, Business Overview
4.16.3 Sompo Japan Nipponkoa Professional Liability Insurance Products Offered
4.16.4 Sompo Japan Nipponkoa Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.16.5 Sompo Japan Nipponkoa Professional Liability Insurance Revenue by Product in 2023
4.16.6 Sompo Japan Nipponkoa Professional Liability Insurance Revenue by Application in 2023
4.16.7 Sompo Japan Nipponkoa Professional Liability Insurance Revenue by Geographic Area in 2023
4.16.8 Sompo Japan Nipponkoa Recent Development
4.17 Munich Re
4.17.1 Munich Re Company Information
4.17.2 Munich Re Description, Business Overview
4.17.3 Munich Re Professional Liability Insurance Products Offered
4.17.4 Munich Re Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.17.5 Munich Re Professional Liability Insurance Revenue by Product in 2023
4.17.6 Munich Re Professional Liability Insurance Revenue by Application in 2023
4.17.7 Munich Re Professional Liability Insurance Revenue by Geographic Area in 2023
4.17.8 Munich Re Recent Development
4.18 Aon
4.18.1 Aon Company Information
4.18.2 Aon Description, Business Overview
4.18.3 Aon Professional Liability Insurance Products Offered
4.18.4 Aon Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.18.5 Aon Professional Liability Insurance Revenue by Product in 2023
4.18.6 Aon Professional Liability Insurance Revenue by Application in 2023
4.18.7 Aon Professional Liability Insurance Revenue by Geographic Area in 2023
4.18.8 Aon Recent Development
4.19 Beazley
4.19.1 Beazley Company Information
4.19.2 Beazley Description, Business Overview
4.19.3 Beazley Professional Liability Insurance Products Offered
4.19.4 Beazley Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.19.5 Beazley Professional Liability Insurance Revenue by Product in 2023
4.19.6 Beazley Professional Liability Insurance Revenue by Application in 2023
4.19.7 Beazley Professional Liability Insurance Revenue by Geographic Area in 2023
4.19.8 Beazley Recent Development
4.20 Mapfre
4.20.1 Mapfre Company Information
4.20.2 Mapfre Description, Business Overview
4.20.3 Mapfre Professional Liability Insurance Products Offered
4.20.4 Mapfre Professional Liability Insurance Revenue and Gross Margin (2019-2024)
4.20.5 Mapfre Professional Liability Insurance Revenue by Product in 2023
4.20.6 Mapfre Professional Liability Insurance Revenue by Application in 2023
4.20.7 Mapfre Professional Liability Insurance Revenue by Geographic Area in 2023
4.20.8 Mapfre Recent Development
5 Breakdown Data by Type
5.1 Global Professional Liability Insurance Revenue by Type (2019-2024)
5.2 Global Professional Liability Insurance Revenue Forecast by Type (2025-2030)
5.3 Professional Liability Insurance Revenue Market Share by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global Professional Liability Insurance Revenue by Application (2019-2024)
6.2 Global Professional Liability Insurance Revenue Forecast by Application (2025-2030)
6.3 Professional Liability Insurance Revenue Market Share by Application (2019-2030)
7 North America
7.1 North America Professional Liability Insurance Market Size YoY Growth 2019-2030
7.2 North America Professional Liability Insurance Market Facts & Figures by Country (2019-2030)
7.3 North America Professional Liability Insurance Revenue by Type (2019-2024)
7.4 North America Professional Liability Insurance Revenue by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Professional Liability Insurance Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Professional Liability Insurance Market Facts & Figures by Region (2019-2030)
8.3 Asia-Pacific Professional Liability Insurance Revenue by Type (2019-2024)
8.4 Asia-Pacific Professional Liability Insurance Revenue by Application (2019-2024)
9 Europe
9.1 Europe Professional Liability Insurance Market Size YoY Growth 2019-2030
9.2 Europe Professional Liability Insurance Market Facts & Figures by Country (2019-2030)
9.3 Europe Professional Liability Insurance Revenue by Type (2019-2024)
9.4 Europe Professional Liability Insurance Revenue by Application (2019-2024)
10 Latin America
10.1 Latin America Professional Liability Insurance Market Size YoY Growth 2019-2030
10.2 Latin America Professional Liability Insurance Market Facts & Figures by Country (2019-2030)
10.3 Latin America Professional Liability Insurance Revenue by Type (2019-2024)
10.4 Latin America Professional Liability Insurance Revenue by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Professional Liability Insurance Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Professional Liability Insurance Market Facts & Figures by Country (2019-2030)
11.3 Middle East and Africa Professional Liability Insurance Revenue by Type (2019-2024)
11.4 Middle East and Africa Professional Liability Insurance Revenue by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Professional Liability Insurance Supply Chain Analysis
12.2 Professional Liability Insurance Key Raw Materials and Upstream Suppliers
12.3 Professional Liability Insurance Clients Analysis
12.4 Professional Liability Insurance Sales Channel and Sales Model Analysis
12.4.1 Professional Liability Insurance Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Professional Liability Insurance Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Professional Liability Insurance Distributors
13 Market Dynamics
13.1 Professional Liability Insurance Industry Trends
13.2 Professional Liability Insurance Market Drivers
13.3 Professional Liability Insurance Market Challenges
13.4 Professional Liability Insurance Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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