Professional Indemnity Insurance in the UK, Key Trends and Opportunity

Information about Professional Indemnity Insurance in the UK, Key Trends and Opportunity

Published on March 24, 2014

Author: robertmcmillian

Source: authorstream.com

Content

Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017: Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017 Published: March 2014 Single User PDF: US$ 2795 Corporate User PDF: US$ 5590 Order this report by calling +1 888 391 5441 or Send an email to [email protected] with your contact details and questions if any. 1 Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017: Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017 Professional indemnity is the second-largest component of the UK commercial liability insurance category, and accounted for 33.7% of the total premiums generated in 2012. This share steadily declined during the review period, from 42.3% in 2008 as growth was outpaced by the public liability category and the availability of professional indemnity insurance worsened, particularly for surveyors, small firms of solicitors and independent financial advisers (IFAs). However, an expected increase in the number of professionals subject to compulsory professional indemnity insurance requirements and insurers expanding into sectors with voluntary insurance needs, such as engineering, information technology and marketing will act as the key growth drivers. Also coupled with the UK’s economic recovery, the professional indemnity insurance category is projected a CAGR of 2.57% over the forecast period (2013-2017). Complete report is available @  http://marketreportsstore.com/professional-indemnity-insurance-in-the-uk-key-trends-and-opportunities-to-2017/ . Order this report by calling +1 888 391 5441 or Send an email to [email protected] with your contact details and questions if any. 2 Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017: Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017 Professional indemnity is a growth category, with opportunities to expand into professions not subject to mandatory insurance requirements, such as engineering, marketing and media professionals, web designers and developers, travel agents and IT contractors. Growth momentum will benefit from sustained demand by professional indemnity coverage stipulated by trade associations and licensing authorities covering law, accountancy and surveying, and the projected increase in members of these bodies. The decrease in the number of retail financial advisers practicing since 2010 – due largely to the Retail Distribution Review (RDR) reducing client numbers and compromising business viability – adds a small constraint on expansion. Inquire Before Buying @ http://marketreportsstore.com/inquire-before-buying/?rname=8116 . Order this report by calling +1 888 391 5441 or Send an email to [email protected] with your contact details and questions if any. 3 Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017: Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017 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 Reasons To Buy Gain an understanding of the UK professional indemnity insurance market Learn about the performance of market drivers and distribution channels Understand the competitive landscape in terms of performance, profitability and product innovation Complete report is available @  http://marketreportsstore.com/professional-indemnity-insurance-in-the-uk-key-trends-and-opportunities-to-2017/ . Order this report by calling +1 888 391 5441 or Send an email to [email protected] with your contact details and questions if any. 4

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