Market Overview:
The global business management liability insurance market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth in the market can be attributed to the increasing demand for business management liability insurance from small and medium-sized enterprises (SMEs) and the rising awareness about the benefits of such insurance among businesses. The global business management liability insurance market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into kidnap and ransom insurance, directors and officers (D&O) liability insurance, employment practices liability insurance (EPLI), fiduciary liability Insurance, and other types. The D&O Liability Insurance segment is expected to grow at a high CAGR during the forecast period owing to an increase in corporate frauds across industries. On the basis of application, it is divided into agency channel, digital & direct channels Bancassurance), brokers channel,,and others).
Product Definition:
Business Management Liability Insurance is a type of insurance that provides coverage for legal expenses and damages that may be incurred as a result of the actions or negligence of the business manager. This type of insurance is important because it can help protect the business from any legal action that may be taken against it as a result of the actions or negligence of its manager.
Kidnap and Ransom Insurance:
Kidnap and Ransom insurance is a form of property damage liability insurance that provides coverage for losses incurred due to the theft or holding of an insured person by an individual or group who holds the captive audience.
Directors and Officers (D&O) Liability Insurance:
Directors and Officers (D&O) liability insurance is a form of business management liability insurance that protects the company's officers and/or directors from financial losses caused to the company by its failures or illegal acts.
Application Insights:
Agency application segment led the global business management liability insurance market in 2017. Agency is a fiduciary relationship between an insurer and its clients, where one party (the agent) undertakes to act for another (the insured). The key objective of agency insurance is to protect the interests of the client by indemnifying against losses arising from acts or omissions attributable to insurees.
The digital & direct channels segment are anticipated to register significant growth over the forecast period owing to increasing number of e-commerce transactions and growing penetration of mobile payments across various economies worldwide. This has resulted in shifting consumer preference towards online shopping which, in turn, will drive demand for B2B services thereby influencing industry growth positively.
Brokers application segment was valued at USD 544 million in 2017.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth of this region is attributed to the presence of a large number of insurance companies and growing awareness among individuals regarding risk. Furthermore, increasing cybercrimes in this region are expected to drive demand for these policies over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to several macroeconomic factors such as rapid urbanization, rising income levels and changing consumer preferences & behavior that lead towards increased business risks for insurers. Moreover, increasing investments by international players in developing markets such as India and China are expected to boost demand during future years forecasted herein.
Rising political instability due to various socio-economic factors has led towards an increase in kidnap coverage globally; however, there exists a significant gap between requirements.
Growth Factors:
- Increasing demand for business management liability insurance from small and medium-sized businesses
- The increasing number of lawsuits filed against businesses
- The rising cost of litigation
- The growing awareness of the importance of business management liability insurance among business owners
- The increasing availability of affordable business management liability insurance policies
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Management Liability Insurance Market Research Report
By Type
Kidnap and Ransom Insurance, Directors and Officers (D&O) Liability Insurance, Employment Practices Liability Insurance, Fiduciary Liability, Other
By Application
Agency, Digital & Direct Channels, Brokers, Bancassurance
By Companies
Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Business Management Liability Insurance Market Report Segments:
The global Business Management Liability Insurance market is segmented on the basis of:
Types
Kidnap and Ransom Insurance, Directors and Officers (D&O) Liability Insurance, Employment Practices Liability Insurance, Fiduciary Liability, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agency, Digital & Direct Channels, Brokers, Bancassurance
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chubb (ACE)
- AIG
- Hiscox
- Allianz
- Tokio Marine Holdings
- XL Group
- AXA
- Travelers
- Assicurazioni Generali
Highlights of The Business Management Liability Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Kidnap and Ransom Insurance
- Directors and Officers (D&O) Liability Insurance
- Employment Practices Liability Insurance
- Fiduciary Liability
- Other
- By Application:
- Agency
- Digital & Direct Channels
- Brokers
- Bancassurance
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Management Liability Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business management liability insurance is a type of insurance that protects businesses from lawsuits and other legal proceedings arising from their operations. This coverage can help protect businesses from financial losses, including costs associated with defending a lawsuit, paying damages awarded to the plaintiff, and covering any settlements reached in the case.
Some of the key players operating in the business management liability insurance market are Chubb (ACE), AIG, Hiscox, Allianz, Tokio Marine Holdings, XL Group, AXA, Travelers, Assicurazioni Generali.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Management Liability Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Management Liability Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Management Liability Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Management Liability Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Management Liability Insurance Market Size & Forecast, 2018-2028
4.5.1 Business Management Liability Insurance Market Size and Y-o-Y Growth
4.5.2 Business Management Liability Insurance Market Absolute $ Opportunity
Chapter 5 Global Business Management Liability Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Management Liability Insurance Market Size Forecast by Type
5.2.1 Kidnap and Ransom Insurance
5.2.2 Directors and Officers (D&O) Liability Insurance
5.2.3 Employment Practices Liability Insurance
5.2.4 Fiduciary Liability
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Management Liability Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Management Liability Insurance Market Size Forecast by Applications
6.2.1 Agency
6.2.2 Digital & Direct Channels
6.2.3 Brokers
6.2.4 Bancassurance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Management Liability Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Management Liability Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Management Liability Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Business Management Liability Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Management Liability Insurance Market Size Forecast by Type
9.6.1 Kidnap and Ransom Insurance
9.6.2 Directors and Officers (D&O) Liability Insurance
9.6.3 Employment Practices Liability Insurance
9.6.4 Fiduciary Liability
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Management Liability Insurance Market Size Forecast by Applications
9.10.1 Agency
9.10.2 Digital & Direct Channels
9.10.3 Brokers
9.10.4 Bancassurance
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Management Liability Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Business Management Liability Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Management Liability Insurance Market Size Forecast by Type
10.6.1 Kidnap and Ransom Insurance
10.6.2 Directors and Officers (D&O) Liability Insurance
10.6.3 Employment Practices Liability Insurance
10.6.4 Fiduciary Liability
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Management Liability Insurance Market Size Forecast by Applications
10.10.1 Agency
10.10.2 Digital & Direct Channels
10.10.3 Brokers
10.10.4 Bancassurance
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Management Liability Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Management Liability Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Management Liability Insurance Market Size Forecast by Type
11.6.1 Kidnap and Ransom Insurance
11.6.2 Directors and Officers (D&O) Liability Insurance
11.6.3 Employment Practices Liability Insurance
11.6.4 Fiduciary Liability
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Management Liability Insurance Market Size Forecast by Applications
11.10.1 Agency
11.10.2 Digital & Direct Channels
11.10.3 Brokers
11.10.4 Bancassurance
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Management Liability Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Management Liability Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Management Liability Insurance Market Size Forecast by Type
12.6.1 Kidnap and Ransom Insurance
12.6.2 Directors and Officers (D&O) Liability Insurance
12.6.3 Employment Practices Liability Insurance
12.6.4 Fiduciary Liability
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Management Liability Insurance Market Size Forecast by Applications
12.10.1 Agency
12.10.2 Digital & Direct Channels
12.10.3 Brokers
12.10.4 Bancassurance
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Management Liability Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Management Liability Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Management Liability Insurance Market Size Forecast by Type
13.6.1 Kidnap and Ransom Insurance
13.6.2 Directors and Officers (D&O) Liability Insurance
13.6.3 Employment Practices Liability Insurance
13.6.4 Fiduciary Liability
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Management Liability Insurance Market Size Forecast by Applications
13.10.1 Agency
13.10.2 Digital & Direct Channels
13.10.3 Brokers
13.10.4 Bancassurance
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Management Liability Insurance Market: Competitive Dashboard
14.2 Global Business Management Liability Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chubb (ACE)
14.3.2 AIG
14.3.3 Hiscox
14.3.4 Allianz
14.3.5 Tokio Marine Holdings
14.3.6 XL Group
14.3.7 AXA
14.3.8 Travelers
14.3.9 Assicurazioni Generali
