The Liability Insurance Carriers Global Market Report 2023, provides comprehensive information on the liability insurance carriers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global liability insurance carriers market size is expected to grow from $274.39 billion in 2022 to $290.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liability insurance carriers market size is expected to grow to $365.47 billion in 2027 at a CAGR of 5.9%.
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Major companies in the liability insurance carriers market are incorporating technologically advanced solutions for simplified operations and sustain their position in the market. For instance, in December 2021, CorVel Corporation, a US-based workers’ liability insurance, and claim management company, launched the CogencyIQSM workers’ liability and claim management platform. The new solution leverages artificial intelligence and predictive analytics technology to provide insights into worker’s claim data and liability insurance guidance.
The liability insurance carriers market is segmented:
1) By Coverage Type: General Liability Insurance, Professional Liability Insurance, Insurance For Directors And Officers
2) By Enterprise Size: Medium-Sized Enterprises, Large Enterprises, Small Enterprises
3) By Application: Commercial, Personal
North America was the largest region in the liability insurance carriers market in 2022.
The table of contents in TBRC’s liability insurance carriers market report includes:
- Executive Summary
- Liability Insurance Carriers Market Characteristics
- Liability Insurance Carriers Market Trends And Strategies
- Liability Insurance Carriers Market – Macro Economic Scenario
- Liability Insurance Carriers Market Size And Growth
- Liability Insurance Carriers Market Segmentation
- Liability Insurance Carriers Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Liability Insurance Carriers Market
- Liability Insurance Carriers Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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