QYR Market Research Global Professional Liability Insurance market | Page 4

QYResearch
n most cases, growth is likely to be faster in less-developed
markets than in developed ones, although much also depends on the
degree to which significant competition exists among underwriters
in this field and on future claims experience in each country.
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Medical Professional Liability Insurance, at US$15.7 billion,
accounted for the biggest chunk (40.8%) of the worldwide market
pie by professional category. That was followed by approximately
US$7.5 billion to professionals in the lawyer, and about US$15.2
billion to professionals in all other segments combined.