Finance & Professional Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Professional Indemnity Insurance
Overview
Market size
$52.0B
global, USD
CAGR
6.5%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$71.2B
What changed
Demand by region
North America demand45%
Europe demand30%
Asia Pacific demand15%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Claims payouts and reserves55%
Broker commissions and distribution costs15%
Underwriting and administrative overhead15%
Legal defense and risk assessment technology10%
Reinsurance premiums5%
share of delivered cost (analyst estimate)