Global directors and officers (D&O) insurance market for | Business Insurance

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New York, August 30, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global directors and officers (D&O) insurance market generated USD 21.7 billion in 2020 and is expected to reach USD 53.76 billion by 2030, registering a CAGR of 11.7% between 2021 and 2030. The research provides an extensive analysis of the changing dynamics of the market in terms of drivers and opportunities, in addition to outlining a competitive strategy. screenplay. Additionally, the report offers detailed segment and sub-segment analysis along with the regional overview.

Covering a detailed analysis in 227 pages, accompanied by 123 tables and 93 figures, the report aims to become a source of guidance for major market players and investors in devising strategies to achieve sustainable growth and increase the size of the insurance market. directors and officers (D&O). .

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Report Coverage Details
forecast period 2021-2030
base year 2020
Market size in 2020 $21.70 billion
Market size in 2030 $53.76 billion
CAGR 11.7%
Number of pages 227
tables 123
figures 93
Covered segments Coverage, end user and region.
drivers D&O policies meet different legal needs and protect companies from financial crises
Opportunities Protection against personal liability of directors and officers and lawsuits from employees, suppliers, competitors or the general public

The report provides detailed market dynamics in terms of driving forces, restraints, and opportunities of the global D&O Insurance market. D&O policies meet a variety of legal needs and protect companies from financial crises at times such as an investigation for accounting irregularities, fraud, and organizational embezzlement. This benefit increases adoption and drives market growth. However, D&O policies do not cover any expenses that occur due to criminal activity, intentional wrongdoing, and punitive damages. This factor slows down the growth of the market.

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Highlighting the opportunities that allow leading players and emerging companies to increase directors and officers (D&O) insurance market share in the coming years, Next Move Strategy Consulting’s Principal ICT and Media Analyst stated: “Due to the protection against the personal liabilities of directors and officers and lawsuits from employees, suppliers, competitors or the general public, the adoption of insurance for directors and officers is increasing. This factor is expected to create many avenues for growth in the coming years.”

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The report offers a detailed analysis of the main segments and their sub-segments of the global directors and officers (D&O) insurance market. The main segments analyzed in the research include coverage, end user and region. Based on coverage, the report further ranks the market on labor practice litigation, customer lawsuits, accounting irregularities, regulatory investigations, and other stakeholder complaints. On the basis of end user, the report further segments the market into private organizations, public organizations, and non-profit organizations.

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Based on region, the research further categorizes the global directors and officers insurance market into North America, Europe, Asia-Pacific, and the rest of the world. According to the report, North America dominated the market in 2020 and is anticipated to maintain its dominance during the forecast period. This is attributed to the high adoption of D&O insurance across various business verticals, increased adoption by well-established companies, and the presence of key service providers in the region. However, Asia-Pacific is projected to record the largest CAGR during the forecast period, due to increased expansion of multinational insurance organizations and untapped market opportunities.

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The report analyzes each segment and sub-segment based on the regions and their respective countries with the help of tabular and graphical formats. This knowledge is helpful in gaining a competitive advantage in the directors and officers (D&O) insurance industry.

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The research provides an extensive competitive landscape by analyzing the leading players in the directors and officers (D&O) insurance market. Major players analyzed in the report include Tata AIG Insurance, Willis Towers Watson, AXA XL Insurance, Chubb Limited, Allied World Assurance, ICI Mutual Insurance Company, Nationwide Mutual Insurance Company, AXIS Capital, and Zurich Insurance Group. The report mentions the strategic developments, product portfolio, leading competitors and business performance of these players.

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Next Move Strategy Consulting is a leading market research and management consulting firm that is committed to providing its clients with the latest well-researched and strategically analyzed research reports. The research industry is awash with so many companies to choose from, what makes Next Move different from the rest is its high-quality research and obsession with turning data into insight by dissecting every bit of it and providing research recommendations based on that. facts backed by information gathered from over 500 million websites, paid databases, industry magazines, and one-on-one consultations with industry experts in a wide range of industry sectors. High-quality, custom research reports with actionable insights and excellent comprehensive customer service help our clients make critical business decisions that enable them to go beyond time and gain a competitive advantage in the industry.

We have served over 1,000 clients worldwide, including 90% of Fortune 500 companies for a decade. Our analysts constantly monitor various high-growth markets and identify hidden opportunities in each sector or industry. We provide one of the best quality unions in the industry as well as custom research reports across 10 different industry verticals. We are committed to offering high quality research solutions according to the needs of your business. Our industry-standard delivery solutions ranging from pre-consultation to after-sales services provide an excellent customer experience and ensure the right strategic decision-making for businesses.

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