The global Professional Liability Insurance market size accounted at xxxx million USD in past year, is anticipated to grow at a CAGR of xx% over the forecast period and reach to xxxxx million USD. Professional Liability insurance is a form of liability insurance that enables safeguarding professional advice as well as service-providing individuals & companies from bearing entire defending cost against the negligence complain made by client plus compensations given in such a civil lawsuit. In addition, professional liability insurance can be segmented by different types (profession), application and geography.

Further, the product type segment is bifurcated as Medical Liability Insurance, Lawyer Liability Insurance and Other Liability Insurance. Medical Liability Insurance valued at US$ xx billion, acquires the largest chunk of the Professional Liability Insurance market across the globe, followed by Lawyer Liability Insurance valued at US$ xx billion as well as US$ xx billion to professionals in all other segments combined.

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The markets in developing economies is expected to grow at faster pace as compared to developed economies. However, growth would also depend upon the degree at which competition among underwriters exists and also on upcoming claims in each region. Geographical segmentation of the global Professional Liability Insurance market focusses on several key regions including North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. Asia-Pacific region is expected to conquer the maximum Professional Liability Insurance market share in upcoming years.

The competitive landscape of the global Professional Liability Insurance market consists of several prominent players prevailing in the market plus several new entrants. Some of the key players in the market include Chubb (ACE), Hiscox, Tokio Marine Holdings, Allianz, AXA, Medical Protective, Assicurazioni Generali, Marsh & McLennan, Doctors Company, Munich Re, Zurich, Aviva and Sompo Japan Nipponkoa.

Furthermore, Global Professional Liability Insurance market has been segmented by different application, product types and regions. Further, these segments are bifurcated to sub segments.

• By Application:
o Up to $1 Million
o $1 Million to $5 Million
o $5 Million to $20 Million
o Over $20 Million
• By Product Type:
o Medical Liability Insurance
o Lawyer Liability Insurance
o Other Liability Insurance
• Geographical Segmentation:
o North America (United States, Canada and Mexico)
o Latin America (Brazil, Argentina, Colombia)
o Europe (Germany, France, UK, Russia and Italy)
o Asia pacific (China, Japan, Korea, India and Southeast Asia)
o Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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