Lucintel Forecasts the Global Professional Liability Insurance Market is expected to grow with a CAGR of 3.7% from 2024 to 2030
Lucintel Forecasts the Global Professional Liability Insurance Market is expected to grow with a CAGR of 3.7% from 2024 to 2030
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According to a market report by Lucintel, the future of the global professional liability insurance market looks promising with opportunities in the commercial and personal markets. The global professional liability insurance market is expected to grow with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are expansion of professional services in diverse sectors including legal, healthcare, engineering, consulting, and technology and business environment has grown more intricate, presenting emerging risks and challenges.
A more than 150-page report to understand trends, opportunity and forecast in professional liability insurance market to 2030 by coverage type (general liability insurance, professional liability insurance, and insurance for directors & officers), enterprise size (medium-sized enterprises, large enterprises, and small enterprises), application (commercial, personal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that general liability insurance is expected to witness the highest growth over the forecast period due to its recognition as the most coveted policy.
Within this market, commercial will remain the largest segment due to tailored industry-specific coverage, risk management benefits, and regulatory compliance requirements.
Download sample by clicking on professional liability insurance market
North America is expected to witness the highest growth over the forecast period due to mature insurance industry, stringent regulations, a litigious culture, diverse industries, and high awareness among professionals.
Chubb, AIG, Zurich Insurance, Berkshire Hathaway Specialty Insurance, Allianz, Travelers Companies, Liberty Mutual Insurance, AXA , CNA Financial, Hiscoxare the major suppliers in the professional liability insurance market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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