Global Architects & Engineers (A&E) Insurance Market Overview:
Architects & engineers insurance protects architects, engineers, and designers from various professional and business liabilities. Increasing demand for unique and innovative architecture has led A&E firms and enterprises to adopt advanced technologies to create 3D models, images, and designs. Professional liability coverage protects against the performance of professional services including architecture, engineering, surveying, and construction management.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Cyber & Privacy Liability Coverage Insurance
Market Growth Drivers:
Rapidly Growing Infrastructural Development Due to Urbanization and Industrialization and Increasing Demand of A&E Insurance for Coverage against Errors and Omissions
Restraints:
Rising Claims Severity Is a Major Concern for Insurers
Opportunities:
Rising Investment in Bicycle and Pedestrian Infrastructure
Competitive Landscape:
The global market is highly competitive and consists of a number of insurance providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Beazley (United Kingdom), Willis Towers Watson (United Kingdom), Amwins Group (United States), USI (United States), Stuckey & Company (United States), Lexington Insurance (AIG) (United States), Victor Insurance (United States), Tokio Marine HCC (United States), Axa XL (United States), Ryan Specialty Group (United States), Liberty Mutual (Canada) and Zurich Insurance Group (Switzerland). Analyst at AMA Research see United States Players to retain maximum share of Global Architects & Engineers (A&E) Insurance market by 2028.
Considering Market by , the sub-segment i.e. will boost the Architects & Engineers (A&E) Insurance market.What Can be Explored with the Architects & Engineers (A&E) Insurance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Architects & Engineers (A&E) Insurance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Architects & Engineers (A&E) Insurance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Architects & Engineers (A&E) Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Architects & Engineers (A&E) Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Architects & Engineers (A&E) Insurance Providers, Reinsurance Service Providers and Insurance Brokers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.