Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017

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Business & Mgmt

Published on March 12, 2014

Author: MarketResearchReports

Source: slideshare.net

Description

Market Research Reports, Inc. has announced the addition of “Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017” research report to their offering. more information visit: http://mrr.cm/Z4j

www.MarketResearchReports.com Category : Insurance All logos and Images mentioned on this slide belong to their respective owners.

www.MarketResearchReports.com Introduction to Report  Launch Date: March 7, 2014  Number of Pages: 61  Geography Coverage: United Kingdom  Available Format: PDF Price For Single User License: USD 2,795 Price For Site License: USD 5,590 Price For Global User License: USD 8,385 Delivery Time: Within 24 Hours (During Working Days)

www.MarketResearchReports.com About the Report 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.

www.MarketResearchReports.com Research Findings The professional indemnity insurance category is projected to generate GBP2.33 billion in premiums by 2017 and premiums are forecast to rise at a CAGR of 2.57% over the forecast period (2013–2017), with growth expected on an annual basis. Professional bodies such as the Solicitors Regulation Authority (SRA), the Royal Institute of Chartered Surveyors (RICS) and the Association of Professional Financial Advisers (APFA) have expressed dismay at members’ ongoing struggles to obtain professional indemnity cover.

www.MarketResearchReports.com Research Findings Continues.. Stronger economic growth over the forecast period is expected to ease litigation and reduce claims costs. Nevertheless, the six-year statute of limitations means insurers remain liable for negligent acts which occurred during the recession. Muted growth was recorded during 2008–2012 Despite soft prices, insurance was difficult to obtain The category will benefit from favorable factors during the forecast period Capacity for higher-risk groups remains an issue Claims will be subject to upside pressures

www.MarketResearchReports.com Scope This report provides market analysis, information and insights into the UK professional indemnity insurance business It provides a snapshot of the market size It analyses drivers and the outlook for the market It provides information on distribution channels It covers deals, news and regulatory developments

www.MarketResearchReports.com Reasons To Buy Make strategic business decisions using in depth historic and forecast market data related to the Danish reinsurance segment and each sector within it Understand the demand-side dynamics, key market trends and growth opportunities within the Danish reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Danish insurance industry and its impact on companies and the market's future

www.MarketResearchReports.com Report Coverage 1. Executive Summary 2. Introduction 3. Market Analysis 4. Competitive Landscape 5. Porter’s Five Forces Analysis 6. Deals 7. News 8. Regulation and Compliance 9. Macroeconomic Backdrop 10.Company Profiles 11.Statistics 12.Appendix For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.

www.MarketResearchReports.com Company Coverage 1. ACE European Group Ltd 2. AIG Europe Ltd 3. AmTrust Europe Ltd 4. Chubb Insurance Company of Europe SE 5. CNA Insurance Company Ltd 6. HCC International Insurance Company Plc 7. Hiscox Ltd 8. QBE Insurance (Europe) Ltd 9. Royal & Sun Alliance Insurance Plc 10. XL Group Plc For more details regarding Report coverage see the last slide All logos and Images mentioned on this slide belong to their respective owners.

www.MarketResearchReports.com Custom Research:  Are you an industry professional, entrepreneur, venture capitalist, investors and organization, then let us know your specific research requirements. Our goal is to cater to your requirements be it for a custom market research project, syndicated research report on a specific market or industry sector, newsletter creation, case study development or anything else related to marketing research. For Any Customization Related query Visit IdeaCenter @ http://www.marketresearchreports.com/idea-center

www.MarketResearchReports.com How To Buy This Report? Visit following URL to see Table of Content and purchase this publication: http://mrr.cm/Z4j About Market Research Reports, Inc. Market Research Reports provides a customized set of reports from reputed Publishers, built on the intelligence available within organizations and leverages on our motto of “Intelligence Redefined”. Contact : Amitava Sen Email : info@marketresearchreports.com Phone: +1 302-703-7787 (USA) +91-8762746600 (India)

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