What is Business Management Liability Insurance - Market?
Business management liability insurance is a type of policy that protects the company and covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities. In these situations as these, the insurance provides an extra level of coverage against all kinds of unpredictable and potentially large liability claims and covers some losses due to lawsuits.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Ping an Insurance (China), Allianz SE (Germany), AXA SA (France), AIG US (United States), MetLife (United States), Nippon Life Insurance Company (Japan), Manulife Financial Corporation (Canada), China Life Insurance Company Limited (China), Generali Group (Italy) and Aviva plc. (United Kingdom) |
The market study is being classified by Type (Directors and Officers (D&O) Liability Insurance, Employment Practices Liability (EPL) Insurance, Fiduciary Liability Insurance, "Special Crime" Insurance and Others), by Application (Business, Organizations and Others) and major geographies with country level break-up..
Ping an Insurance (China), Allianz SE (Germany), AXA SA (France), AIG US (United States), MetLife (United States), Nippon Life Insurance Company (Japan), Manulife Financial Corporation (Canada), China Life Insurance Company Limited (China), Generali Group (Italy) and Aviva plc. (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Munich Re (Germany), AIA Group Limited (China), Zurich Insurance Group (Switzerland) and Life Insurance Corporation of India (India).
Global Business Management Liability Insurance - is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Policies. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of Global Business Management Liability Insurance - market by Type, Application and Region.
On the basis of geography, the market of Business Management Liability Insurance - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Business Management Liability Insurance to Protect against Vulnerabilities to Shareholders and their Claims
Market Trend
- Growing business Sector across the Globe
- Surging Need of Financial Investments
Restraints
- Business Management Liability Insurance does not cover the Losses due to War, Terrorism and Nuclear Perils
- High Premium Cost Associated with the Business Management Liability Insurance
Opportunities
- Rising Health-Related and Business Risks can create Opportunities for the Business Management Liability Insurance Market Growth.
Challenges
- Strict Regulatory Guidelines on the Business Management Liability Insurance Agents
On 28th July 2021, Ping an Insurance has launched the first batch of digital RMB insurance policies. The new launch offers discounts for policyholders who purchase the policies with digital RMB wallets. The policy provides protection for medical staff, offers policyholders a digital wallet experience, and offers digital RMB premium settlement.
As per the Law on Business Management Liability Insurance, “The provisions of the Law on Insurance shall apply to the relationships regulated by this Law to the extent that this Law does not provide otherwise.”
Key Target Audience
Business Management Liability Insurance – Providers, Business Management Liability Insurance – Industry Association, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others