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UK Professional Indemnity Insurance 2009
Datamonitor, Nov 2009, Pages: 58
This report provides an unrivalled analysis of the UK professional indemnity insurance market. It discusses the relative performance of the main professions and assesses the profitability and claims experience of the whole market. The research also includes an in-depth analysis of the distribution and competitive landscape and forecasts the market size to 2013.
Scope
- Data on the size, structure and profitability of the professional indemnity insurance market in the UK.
- Insight into the different channels and platforms of distributing professional indemnity insurance products.
- Analysis of the total premiums and market share for the largest professional indemnity insurance groups.
- A discussion of the main factors affecting the market in the future along with forecasts of market size to 2013.
Highlights of this title
As a compulsory product for a number of trades, professional indemnity has enjoyed a substantial degree of product penetration among businesses in the UK. Compulsory purchase covers major established sectors as well as newer trades such as claims management companies, which first were required to have professional indemnity cover in July 2008.
Lloyd's market players have been adept at catering to the growing miscellaneous sector, which covers a wide variety of risks ranging from IT consultants to claims management companies. Many insurers that Datamonitor contacted reported that this market was still a profitable one in which to write, growing in policy volume.
Key reasons to purchase this title
- Gain an understanding of the key drivers of the professional indemnity market in 2008 and 2009.
- Benchmark your premium income against that of your competitors and understand the drivers of growth in their businesses.
- Prepare for the future development of the market in terms of competitors, major issues and market size.
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