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Liability Insurance Industry

Product Type: Market Research Report
Published by: Global Industry Analysts
Published: March 2008
Product Code: R263-3373
Description
The Liability Insurance Industry Report provides insightful analysis, market overview, structure and outlook of the industry. Laden with qualitative analysis, the report provides the reader with a rudimentary preface to the liability insurance industry enveloping commercial general liability, management liability, D&O insurance, fidelity insurance, transaction liability, professional liability, employment practices liability, auto insurance liability, bodily injury liability, and property damage liability insurance among several others. A synopsized discussion offers preludes to regional insurance markets such as the United States, Canada, the United Kingdom, Slovakia, Australia, Argentina and Chile. In addition, get a first hand knowledge of leading players, along with their market shares and earned premiums, in various liability insurance sectors of the US market. The market report offers a macro level picture of trends, recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. Global key and niche players briefly discussed and abstracted in the report include Baoviet (Vietnam Insurance Corp.), Berkshire Hathaway, Chubb Corp., CSOB Pojistovna, GE Insurance Solution, Hiscox Ltd., Legal & General Group Plc., Sompo Japan Insurance Inc., and Millea Holdings, Inc. The discussion also includes insurance brokers such as Jardine Lloyd Thompson Group Plc. and Willis Group Holdings Ltd.

Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

Adobe Acrobat Reader 7.0 is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Titles available via "online download" are not affected by this and are still delivered to your reading room immediately.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.
Table of Contents


1. Commercial General Liability


2. Management Liability Insurance


3. D&O Insurance


D&O Insurance - Recognizing Liabilities of Top Executives


A Key Component of Liability Coverage


Key Market Characteristics


Basic Duties of D’s & O’s


Market Scenario


Capacity Trends


Increased Rates


Mounting Losses


4. Fidelity Insurance


Growing Claims


Low Premiums a Cause for Concern


Fidelity and Globalization


5. Transaction Liability


6. Professional Liability


Consultant’s Professional Liability


7. Employment Practices Liability


Moderation Improves Investor Sentiment


Employment Practices Liability - Comes Into Focus


Insurers Doing Their Bit


Nobody’s Immune


Smaller Employers - Take it Too Easy?


Larger Companies - Oversights May Prove Costly


What’s Driving Claims?


Internet for Risk Management


Outlook


8. Auto Insurance Liability


9. Bodily Injury Liability


10. Property Damage Liability


11. Other Liabilities


Pollution Legal Liability


Contractors Pollution Liability


Asbestos Liability


Marine Liability & Vessel Pollution Liability


Errors & Omissions


Spectator Liability Insurance


The Need for Spectator Liability Coverage


E-business Third-Party Liability


12. Regional Perspective


12a.United States


Market Overview


General Liability Cover - A Must Have for Businesses


Negligence - A Key Factor


Disciplinary Compensation - A Major Issue


New Tort Laws


Employment Practices Liability


Employment-Related Claims - Getting on the Nerves of Insurers


Prices’ Southward Journey


D& O Insurance in the US


Table 1: Leading Insurers in the US D&O Insurance Market


(2003): Market Shares of AIG, Chubb, XL, Lloyd's, Hartford,


Ace, Aegis, Travelers, Zurich, and Others (includes


corresponding Graph/Chart)


Table 2: US D&O Claims by Type of Claimant (includes


corresponding Graph/Chart)


Healthcare Professional Liability Insurance


Fidelity Insurance in the US


Market Trends


Table 3: Leading Writers in the US Fidelity Insurance Market


(2004): Market Shares of Chubb Group of Ins Cos, Amer Intern


Group Inc, Cumis Ins Society, Travelers/ Citigroup Co,


Zurich/Farmers Group, CNA Ins Companies, St Paul Companies,


Hartford Ins Group, Great Amer P&C Group, Liberty Mutual Ins


Cos, and Others (includes corresponding Graph/Chart)


Fiduciary Liability


Auto Liability Insurance in the US - Key Statistics


Table 4: Leading Players in US Auto Liability Insurance


Market (2002): Direct Premiums Written in US$ Thousands for


State Farm Group, Allstate Ins Group, Progressive Group,


Zurich/Farmers Group, Nationwide Group, Berkshire Hathaway,


Travelers P C Group, Amer Intl Group, USAA Group, and Liberty


Mutual Ins Cos (includes corresponding Graph/Chart)


Table 5: Leading Players in US Auto Liability Insurance


Market (2000-2002): Percentage Share Breakdown of Direct


Premiums Written for State Farm Group, Allstate Ins Group,


Progressive Group, Zurich/ Farmers Group, Nationwide Group,


Berkshire Hathaway, Travelers P C Group, Amer Intl Group,


USAA Group, Liberty Mutual Ins Cos, and Others (includes


corresponding Graph/Chart)


Gun Maker’s Liability


12b.Canada


A Glance at Canadian Liability Insurance Market


Liability Insurance Target Hedge Funds and Structured Notes


Table 6: Canadian Liability Insurance Market: Net Premiums


Written and Claims Paid in US$ Million for the Years 2005 and


2006


12c.Europe


Table 7: European Liability Insurance Market (2005):


Percentage Breakdown of Premium Income by Country - France,


Germany, UK, Italy, Spain, Switzerland, and Rest of Europe


(includes corresponding Graph/Chart)


12d.United Kingdom


Market Overview


Type of Covers


Liability - A Mid 90s Review


Table 8: Breakup of Liability Among the Composites in the


Mid-90s (includes corresponding Graph/Chart)


Table 9: Written Premiums in £ Million: 1993 (includes


corresponding Graph/Chart)


Table 10: Occupational Disease Claims in Terms of Percentage


(includes corresponding Graph/Chart)


Table 11: General Liability Premiums and Market Share: Mid


90s (includes corresponding Graph/Chart)


12e.Germany


Motor Insurance


Table 12: German Motor Insurance Market (2006 & 2007):


Percentage Breakdown of Premiums by Category - Third Party


Liability, Full Comprehensive and Partial Comprehensive


(includes corresponding Graph/Chart)


12f.Switzerland


Liability and Motor Insurance Market


Table 13: Swiss Liability and Motor Insurance Market (2007 &


2008): Percentage Market Share of Premiums by Category -


Motor Insurance (Motor Liability & Other Motor),


Comprehensive General Liability, Ocean Marine, Aviation and


Transport (includes corresponding Graph/Chart)


12g.Slovakia


Motor Third-Party Liability (MTPL) Leads the Segment


12h.Australia


Overturn in the Ascending Premium for Public Liability


Insurance in Australia


12i.Mongolia


A Recent Past Perspective


Table 14: Mongolian Liability Insurance Market (2003 & 2004):


Total Premiums in Million Togrog by Segment - Driver's


Liability, Driver's Liability of Public Transportation,


Professional Liability, Aircraft Owner's & Possessor's


Liability, and Others (includes corresponding Graph/Chart)


Table 15: Mongolian Liability Insurance Market (2003 & 2004):


Claims Paid in Million Togrog by Segment - Driver's


Liability, Driver's Liability of Public Transportation, and


Others (includes corresponding Graph/Chart)


12j.Argentina


Civil Liability


Relevance of Insurance-Related Education in Argentina


12k.Chile


Products Liability


General Third Party Liability


Table 16: Leading General Third Party Insurers in Chile


(2001): Percentage Market Share of Cruz del Sur,


Interamericana, Mapfre, ACE, ING, Royal & SunAlliance, AGF


Allianz, Las Americas, Prevision, Chubb, and Others (includes


corresponding Graph/Chart)


Professional Indemnity


Pollution and Environmental Liability


D & O Liability Insurance


13. Recent Industry Activity


Hyperion Acquires International Program Managers


AmTrust Completes Acquisition of Associated Industries


SICO USA Acquires Republic Insurance


Farmers Insurance Acquires Bristol West Holdings


Darwin to Enter into Strategic Partnership with K&B


Unitrin to Divest UBI to AmTrust


Bao Minh Insurance and Federal Insurance Enter into Agreement


Flowers Negotiates with Prospects for Sale of Wuba


Imagine Acquires Abacus


PIC Wisconsin Merges with ProAssurance


NASDAQ Snaps up Carpenter Moore


Octagon Risk Services to Acquire Managed Care Holdings Corp.


ProAssurance to Buy NCRIC


ProAssurance Emphasizes Liability Insurance Operations


HDFC Chubb Ventures into Liability Insurance


Sky Financial Group Acquires Spencer-Patterson Agency


Americans Physicians Capital Plans to Acquire Physicians


Insurance Co.


United National Group Acquire Penn Independent Corp


14. Strategic Developments in the Past


OneBeacon Insurance Group Establishes Division


Argonaut Acquires Fulcrum Insurance Co.


15. Product Launch


Darwin Introduces CRLI


16. Product Launches in the Past


St. Pauls’ St. Paul SelectOne Professional Liability Policy


Zurich NA’s New Group Legal Expenses Policy


Fireman's Fund Launches Management Advantage Package


Kemper Launches Kemper Vestis


Monitor Liability’s Liability Insurance Program


NAS Launches New D&O Policy


Presidio Rolls Out New Products


ProFin Launches Miscellaneous E&O Policy


Rockwood & Kempes Offer EPL Plan


Zurich NA Launches Notary Public Bond/E&O Package


17. Focus on Select Players Worldwide


Baoviet (Vietnam Insurance Corp.), Vietnam


Berkshire Hathaway, US


Chubb Corp., US


CSOB Pojistovna, Czech Republic - Fourth Largest Insurer in


the Czech Republic


GE Insurance Solution, US


Hiscox Ltd, UK


Legal & General Group Plc, UK


Suncorp Metway Insurance Ltd, Australia


Sompo Japan Insurance Inc., Japan


Millea Holdings, Inc., Japan


18. Leading Brokers Worldwide


Jardine Lloyd Thompson Group Plc, UK


Willis Group Holdings Ltd., UK - Leading Global Insurance Broker
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