Europe's professional indemnity market worth €7 billion in 2014

The top 10, namely Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland and the UK, accounted for €5.81bn of gross written premiums for this form of insurance last year. “Across the ten countries, there are over six million enterprises potentially eligible for professional indemnity insurance”, comments Alan Leach, Director at Finaccord. “For some, holding professional indemnity cover is compulsory in order to exercise their profession while for others, it is optional.  However, increasing take-up rates among those for which it is often not obligatory will be ...