What is Employment Practices Liability Insurance Market Scope?
The employment practices liability insurance policy covers various aspects of the employment process, it is purchased by the employer to provide security against wrongful acts during the employment period. There are several employment coverages such as including wrongful termination, discrimination, sexual harassment, retaliation, and others. This type of employment is used by the full-time, independent contractors, part-time and temporary employees protecting against such incidents.
Employment Practices Liability Insurance Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rising Lawsuits and Wrongful Termination Related Issues in Businesses
- Need for Protection Against Employment-Related Issues and Costs Associated with it
|
Influencing Trends | - Surging Trend of Employment Practices Litigation Cases in Employment Practices Liability Insurance
|
Restraints | - Stringent Regulatory Guidelines Involved with Employment Practices Liability Insurance Market
|
Road Blocks / Challenges | - Lack of Adoption and Acceptance Among Employees Abput Employment Practices Liability Insurance Market
|
Gaps & Opportunities | - Growing Awareness about the Employment-related Litigation will Boost the Employment Practices Liability Insurance Market
|
The Employment Practices Liability Insurance market study is being classified, by Application and major geographies with country level break-up.
The global Employment Practices Liability Insurance market is fragmented with the presence of various players. The companies are focusing on research & development activities, along with participation in strategic activities such as merger & acquisition, collaboration, and new launches. This will increase its competitive edge in the market.
Nationwide Mutual Insurance Company (United States), Hartford Financial Services Group, Inc. (United States), Munich Re Group (Germany), AXA SA (France), The Travelers Indemnity Company (United States), Zurich Insurance (Switzerland), American International Group, Inc. (United States), Chubb (Switzerland), Insureon (United States) and AmTrust Financial (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Employment Practices Liability Insurance market by Type, Application and Region.
On the basis of geography, the market of Employment Practices Liability Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
On 15th December 2021, Chubb has launched a new insurance offering to help protect companies from the financial costs associated with employment-related lawsuits filed for a range of issues, including wrongful termination, breach of contract, retaliation, and other work-related issues. The Chubb PrimarySM Employment Practices Liability Insurance (EPLI) policy provides coverage for employment practices liability (EPL) claims brought by past, present, and prospective employees and independent contractors.
Key Target Audience
Employment Practices Liability Insurance Providers, Employment Practices Liability Insurance Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Employment Practices Liability Insurance Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
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 |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.