Edison, NJ -- (SBWIRE) -- 10/21/2021 -- Advance Market Analytics published a new research publication on "Professional Liability Insurance Market Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Professional Liability Insurance market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Chubb (Switzerland),American International Group, Inc. (United States),Hiscox (Bermuda),Allianz (Germany),Tokio Marine Holdings (Japan),AXA (France),Travelers (United States),Assicurazioni Generali (Italy),Doctors Company (United States),Marsh & McLennan (United States).
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Scope of the Report of Professional Liability Insurance
Professional liability insurance (PLI) is the insurance which protects professionals such as accountants, lawyers, and physicians. It protects them against negligence and other claims initiated by their clients. The professionals who are experts in a specific area opt for this insurance as general liability insurance policies do not offer protection against claims arising out of business-like negligence, malpractice, or misrepresentation. On the basis of the profession of individual the names vary such as malpractice insurance for the medical profession.
The titled segments and sub-section of the market are illuminated below:
by Type (Malpractice Insurance, Errors & Omissions Insurance, Construction & Engineering Liability Insurance, Other Liability Insurance), Organization Size (SMEs, Large enterprise), Duration (Long term, Short term), Distribution channel (Online, Insurance Brokers, Others)
Market Trends:
Adoption of Implementation of Digital Technologies and Analytics in Professional Liability Insurance
Opportunities:
Increasing Awareness About the Professional Liability Insurance
Increase in Number of Professional in Accounting, Architecture, Engineering, Law, Medicine, and Other Specialized Fields
Market Drivers:
Rapid Urbanization Across Emerging Markets are Leading to Shift from an Agro-Based or Industrial Economy to a Service-Sector Economy
Increased Risks for Professionals in Social Media
Challenges:
Longer Time Required for Claim Settlement
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Professional Liability Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Professional Liability Insurance market
Chapter 2: Exclusive Summary – the basic information of the Professional Liability Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Professional Liability Insurance
Chapter 4: Presenting the Professional Liability Insurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Professional Liability Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Professional Liability Insurance Market is a valuable source of guidance for individuals and companies.
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