Report Published: "Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017"
Premium growth in the professional indemnity insurance category remained soft during the review period (2008-2012), and declined at a compound annual growth rate (CAGR) of 0.20%, as an increase in professional negligence court cases and the volume of registered professionals requiring cover was outweighed by the recessionary economic backdrop. Premiums rose by 2.8% in 2012, to a total of GBP2.05 billion, while a further GBP0.60 billion is estimated to have been underwritten by syndicates on the Lloyd's market.
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