After the Event (ATE) Insurance Market Report 2025

The after the event (ATE) insurance market size has grown strongly in recent years. It will grow from $2.6 billion in 2024 to $2.8 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period was driven by a rising volume of civil and commercial disputes, increasing awareness of legal funding options, growing demand for access to justice, greater use of conditional fee arrangements, and increasing complexity in litigation cases.

The after the event (ATE) insurance market size is expected to see strong growth in the next few years. It will grow to $3.7 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period is expected to be driven by increasing use of third-party litigation funding, rising demand for financial risk mitigation, growing litigation in emerging sectors such as crypto and environmental, social, and governance (ESG), escalating legal costs in cross-border disputes, and greater emphasis on claimant protection. Key trends during this period include advancements in legal funding platforms, innovations in risk assessment technologies, integration of AI for claim evaluation, improvements in client-insurer communication channels, and the use of blockchain to enhance claims transparency.

The rising volume of litigation cases is expected to drive growth in the after the event (ATE) insurance market. Litigation cases, which involve legal disputes over contracts, property, or personal injury, are increasing as individuals and businesses become more aware of their legal rights and seek judicial resolutions. ATE insurance mitigates financial risk by covering legal costs and opponents’ fees for unsuccessful claims, enabling claimants to pursue legitimate cases with confidence. For instance, between October and December 2024, County Court claims in the UK rose 9% to 439,000, with money claims increasing 8% to 362,000, according to the Ministry of Justice.

Companies are introducing innovative products to enhance financial protection for litigants. Litigation liability coverage provides insurance against the burden of paying opponents’ legal costs if a case is unsuccessful. In March 2023, Mosaic Insurance, a US-based insurer, launched litigation liability coverage as part of its ATE offerings. Designed for individuals, SMEs, multinational corporations, and litigation funders, the product empowers policyholders to pursue legal claims without fear of adverse cost exposure, strengthening confidence and access to justice.

In March 2025, PIB Group, a UK-based specialist insurer, acquired Litica to enhance its litigation and ATE insurance offerings. The acquisition allows PIB Group to provide tailored insurance-backed solutions for litigation and arbitration risks, consolidating its position in the niche market and broadening its legal risk management portfolio.

Major players in the after the event (ate) insurance market are Allianz SE, Markel Corporation, ARAG PLC, Howden Group Holdings Limited, Box Legal Limited, Clyde & Co LLP, Miller Insurance Services LLP, Annecto Legal Limited, Keystone Legal Benefits Limited, Arc Legal Assistance Limited, Temple Legal Protection Ireland Limited, Basil Fry & Company, Mosaic Insurance, TheJudge Limited, Bench Walk Advisors LLC, Francis Wilks & Jones LLP, Harbour Underwriting Ltd., CJC Legal Finance, Factor Risk Management Ltd., Manolete Partners PLC.

North America was the largest region in the after the event (ATE) insurance market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in after the event (ATE) insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the after the event (ATE) insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

After the event (ATE) insurance is a specialized type of legal expenses insurance purchased after a legal dispute or claim has arisen. It provides financial protection to the insured against the risk of covering the opponent’s legal costs if the case is lost. This insurance is commonly used in litigation to help claimants manage the potential financial burden of unsuccessful legal proceedings, allowing them to pursue claims with greater confidence and reduced financial risk.

The main types of after the event (ATE) insurance are single premiums and staged premiums. Single premium insurance requires the policyholder to pay the entire insurance cost upfront, either before or at the start of the legal process. Coverage options include cancellation coverage, postponement coverage, abandonment insurance, weather insurance, and liability coverage, with durations ranging from short-term (1-30 days), medium-term (31-90 days), and long-term (91 days and above). Distribution channels include direct sales through insurance providers, insurance brokers, online platforms and marketplaces, event management companies, and affiliated partnerships. Applications include debt dispute litigation, contractual dispute litigation, marriage and custody cases, real estate disputes, and other legal matters.

The after the event (ATE) insurance market research report is one of a series of new reports that provides after the event (ATE) insurance market statistics, including after the event (ATE) insurance industry global market size, regional shares, competitors with an after the event (ATE) insurance market share, detailed after the event (ATE) insurance market segments, market trends and opportunities, and any further data you may need to thrive in the after the event (ATE) insurance industry. This after the event (ATE) insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The after the event (ATE) insurance market includes revenues earned by entities by providing services such as legal cost protection, commercial litigation coverage, multi-party litigation cover, policy customization services, and no-win, no-fee alignment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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