Market Research report published on future of professional indemnity market
A market research report entitled "Professional Indemnity Insurance in the UK, Key Trends and Opportunities to 2017" has recently been published.
The report highlights an expected increase in the number of professionals subject to compulsory professional indemnity insurance. In addition, it is likely that sectors with voluntary insurance needs will also grow with engineering, information technology and marketing being the key growth market sectors.
The report also points out the recent reduction in availability of insurance for 2 key markets: Solicitors and IFA's.