Brochure More information from http://www.researchandmarkets.com/reports/2125613/ Professional Indemnity Insurance in Germany Description: Professional Indemnity Insurance in Germany is about the German market for and distribution of policies covering professional liability. For 2009, 2013 and with a forecast for 2017, the study breaks down the market for professional indemnity insurance on a standardised basis by professional group with 12 categories considered as follows: accountancy and finance; alternative medicine; architecture and engineering; broadcasting and publishing; estate agency and property; financial and insurance intermediation; healthcare-related services; IT and business consulting; legal services; marketing; medicine and dentistry; and other professional sectors. On the basis of a survey of 150 professional associations, it also identifies affinity schemes for professional indemnity insurance in Germany set up between professional associations and brokers or underwriters of this type of cover. In addition, it highlights other key underwriters and brokers of professional indemnity insurance and other distribution channels used to sell this form of insurance, and discusses key issues associated with the market. As such, the report is the most comprehensive analysis of professional indemnity insurance in Germany available in a published format. You may be able to use this report and the accompanying PartnerBASE dataset in one or more of the following ways: - to compare the size, growth rates and future prospects of professional indemnity insurance markets in Germany; - to evaluate the potential for your organisation to target professional indemnity propositions at specific professions; - to understand the competitive environment for broking and underwriting by professional category; - to gain access to a single comprehensive source of information providing broker and / or underwriter details for affinity schemes set up by professional associations in Germany for this form of insurance; - to appreciate which professional categories offer the best long-term potential, which are already saturated with competitors, and what product or distribution innovations are occurring. Contents: 0.0 EXECUTIVE SUMMARY 1.0 INTRODUCTION What is this report about? Finaccord s study breaks down individual country markets into 12 professional categories Rationale This series of reports brings this complex sector up to date...
... with affinity schemes researched in detail through the associated PartnerBASE dataset Methodology Association survey Market data Definitions Professional indemnity insurance Operating models Other notes PartnerBASE and market data annexe Finaccord 2.0 MARKET ANALYSIS Introduction Number of insurable enterprises The number of enterprises eligible for professional indemnity insurance now exceeds 1.1 million......with the highest growth occurring in the IT and business consulting segment Market size Insurance is compulsory for several professions and strictly enforced for lawyers and tax advisors The total market value increased at a compound annual rate of 3.9% between 2009 and 2013 About two in three claims made in the category of medicine and dentistry are against hospitals Zurich s exit from the market in 2012 has contributed to a hike in premiums for hospital liability cover The segment of architecture and engineering has experienced consolidation in the recent past with VHV able to enhance its position as market leader Many lawyers have used favourable pricing conditions to increase their insured sums The introduction of limited liability partnerships could affect the market for professional indemnity cover There is still some legal uncertainty regarding the scope of liability for IT professionals Intermediaries of investment products need to take out professional indemnity insurance Self-employed midwives have experienced a sharp rise in premiums Since 2009, professional indemnity cover has risen as a proportion of the total general liability market Affinity schemes A half of nationally active professional bodies have set up a scheme for professional indemnity insurance UNITA stands out in terms of its outright number of partnerships with professional bodies...
... with Funk Gruppe also a strong competitor among brokers...... and with Ecclesia prominent among professional associations related to healthcare and medicine In terms of its number of national scheme relationships, HDI is the leading underwriter...... followed by AXA and ERGO Allianz is a major competitor but possesses relatively few partnerships with professional bodies Affinity programs organised at a regional or local level are significant in several sectors Other key insurance providers and distribution channels Aside from affinity schemes, several other brokers and underwriters are prominent in the market...... and some banks distribute professional indemnity policies through their usual bancassurance partners Market forecast The market for professional indemnity insurance will carry on rising up to 2017...... with the most rapid growth likely to occur in the IT and business consulting sector LIST OF GRAPHICS / TABLES TABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY Number of insurable enterprises and value of professional indemnity insurance in Germany, segmented by professional sector, 2013 1.0 INTRODUCTION Professional associations contacted by Finaccord, segmented by professional category and membership type 2.0 MARKET ANALYSIS Number of insurable enterprises in Germany, segmented by professional sector 2013 Compound annual growth or decline in number of insurable enterprises in Germany, segmented by professional sector, 2009-2013 Number of insurable enterprises in Germany, segmented by professional sector, 2009-2013 (data) Gross written premiums for professional indemnity insurance in Germany segmented by professional sector, 2009 and 2013 Gross written premiums for professional indemnity insurance in Germany segmented by professional sector, 2009 and 2013 (data) Approximate gross written premiums for total general liability insurance and gross written premiums for professional indemnity insurance as a percentage of these in Germany, 2009 and 2013 Affinity schemes for professional indemnity insurance in Germany: provision rates and operating models, 2013 Affinity schemes for professional indemnity insurance in Germany: broker share of partnerships, 2013
Affinity schemes for professional indemnity insurance in Germany: underwriter share of partnerships, 2013 Forecast for gross written premiums for professional indemnity insurance in Germany segmented by professional sector, 2013 and 2017 Forecast for gross written premiums for professional indemnity insurance in Germany, segmented by professional sector, 2013 and 2017 (data) Ordering: Order Online - http://www.researchandmarkets.com/reports/2125613/ Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.
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