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Professional Indemnity Insurance in Europe


News provided by

Reportlinker

Oct 10, 2011, 08:14 ET

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NEW YORK, Oct. 10, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Professional Indemnity Insurance in Europe

http://www.reportlinker.com/p0569030/Professional-Indemnity-Insurance-in-Europe.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance

Professional Indemnity Insurance in Europe is about the market for and distribution of policies covering professional liability as it exists in ten countries in Europe: Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland and the UK. For 2006, 2010 and with a forecast for 2014, the study breaks down the market for professional indemnity insurance not only by country but also, on a standardised basis, by professional category with ten categories considered as follows: - accountancy and finance; - architecture and engineering; - broadcasting and publishing; - complementary medicine; - estate agency and property; - IT, management and financial consulting; - legal services; - marketing; - medicine, dentistry and other healthcare activities; - and other professional sectors. Furthermore, for each country, it identifies affinity schemes for professional indemnity insurance set up between professional associations and brokers or underwriters of this type of cover, highlights other key underwriters and brokers of professional indemnity insurance and other distribution channels used to sell this form of insurance, and discusses key issues associated with the market. As such, the report is the most comprehensive analysis of professional indemnity insurance in Europe ever produced. You may be able to use this report and the accompanying PartnerBASE™ dataset in one or more of the following ways: - to compare the size, growth rates and future prospects of professional indemnity insurance markets across ten major countries in Europe; - to evaluate the potential for your organisation to target professional indemnity propositions at specific professions; - to understand the competitive environment for broking and underwriting by both country and professional category; - to gain access to a single comprehensive source of information providing broker and / or underwriter details for 430 affinity schemes set up by professional associations for this form of insurance; - to appreciate which countries and professional categories offer the best long-term potential, which are already saturated with competitors, and what product or distribution innovations are occurring.

TABLE OF CONTENTS

0.0 EXECUTIVE SUMMARY ... 1

Almost a quarter of insurable enterprises are classifiable as IT, management or financial consultants 1

The UK is the one country in which the market actually declined between 2006 and 2010 ... 2

Aon and Marsh are the leading brokers of affinity schemes but their overall share of deals is low ... 3

This fragmented and heterogeneous market is forecast to reach a value of EUR 7 billion by 2014.. 4

1.0 INTRODUCTION 6

What is this report about? 6

Finaccord's study breaks down individual country markets into ten professional categories . 6

Rationale ... 6

The report is the first analysis of this EUR 5.81 billion sector ever published... .. 6

with affinity schemes researched in detail through the associated PartnerBASE™ dataset .. 7

Methodology . 7

Association survey 7

Market data ... 7

Definitions . 9

Professional indemnity insurance .. 9

Professional categories ... 10

Operating models ... 10

Other notes.. 11

Finaccord 11

2.0 EUROPEAN OVERVIEW 14

Introduction . 14

Number of insurable enterprises . 15

Across the ten countries, there are over six million potentially insurable enterprises... 15

... within which IT, management and financial consultants constitute the largest sector .. 16

Since 2006, the number of insurable enterprises has increased most rapidly in Poland . 17

The architecture and engineering sector has experienced the weakest growth ... 19

Market size . 21

Professional indemnity insurance was worth around EUR 5.81 billion across the ten countries in 2010 21

... with over 80% of this market value attributable to four professional sectors . 24

In eight sectors the market has grown since 2006 while in two it has declined 24

As a ratio of total general liability insurance, professional indemnity cover is most significant in the UK . 27

Affinity schemes . 29

Programs for professional indemnity cover are most in evidence in the UK, Germany and Italy. 29

... and reach similar rates of provision among associations in most professional categories ... 30

Captive brokers are in evidence in Belgium, Germany, Italy, Sweden and the UK .. 31

In most countries, competition among brokers to run affinity insurance schemes is fragmented 33

Aon and Marsh are the most prominent scheme brokers although their overall share of relationships is low 35

From the point of view of underwriters, Sweden is Europe's most concentrated schemes market . 36

Market forecast ... 38

The value of professional indemnity insurance is expected to grow in all countries up to 2014 .. 38

Rising medical claims will drive premiums in the field of medicine, dentistry and other healthcare activities .. 40

Sector summaries .. 42

Accountancy and finance . 42

Architecture and engineering ... 44

Broadcasting and publishing 46

Complementary medicine 48

Estate agency and property . 50

IT, management and financial consulting 52

Legal services . 54

Marketing . 56

Medicine, dentistry and other healthcare activities . 58

Other professional sectors ... 60

2.0 BELGIUM . 62

Introduction . 62

Number of insurable enterprises . 63

One third of insurable enterprises come from the IT, management and financial consulting sector... . 63

... which was also the fastest-growing sector between 2006 and 2010 64

Market size . 66

Professional indemnity insurance is usually compulsory for the traditional liberal professions 66

In terms of value, although not volume, claims have been rising for architects and engineers 66

'No-fault' medical compensation has been agreed in principle, but is not yet in operation... 66

Professional indemnity insurance is a minor component of total general liability insurance. 69

Affinity schemes . 70

Over a third of professional associations have an affinity partnership for professional indemnity insurance... 70

...rising to a half or more for legal and medical associations .. 71

Partnerships are spread across ten brokers, headed by Concordia, Protectas and Marsh... .. 71

...followed by Aon and Willemot 71

Ethias has three affinity programs with legal associations... .. 72

... while ING works with two dentists' associations . 72

Other key insurance providers and distribution channels .. 74

Gras Savoye is also active as a broker for medical professions and architects ... 74

Local brokers are the favoured channel for self-employed professionals . 74

Market forecast ... 75

Premium growth is expected to come from a rise in the number of enterprises and of prices in key sectors . 75

4.0 FRANCE .. 77

Introduction . 77

Number of insurable enterprises . 78

The traditional healthcare sector accounts for more than a third of all insurable enterprises... 78

... whilst the strongest growth is occurring in IT, management and financial consulting ... 79

Market size . 81

Cover is obligatory across many liberal professions, and this often applies to low-risk activities . 81

Medicine, dentistry and other healthcare activities constitute the largest market segment .. 82

Premiums generated by the architecture and engineering sector have changed little in recent years 82

In France, this type of cover is a comparatively small component within total general liability insurance 83

Affinity schemes . 84

Professional indemnity cover is available from more than a third of professional associations… ... 84

…although the characteristics of these schemes vary substantially by professional sector 84

Mutual insurers are highly active in at least one key business area… .. 85

…and brokers play a particularly significant role within the architecture and engineering category 85

For brokers, the affinity scheme market for this type of insurance is relatively concentrated… ... 85

…and one leading insurer accounts for nearly a third of all underwriter partnerships identified .. 87

Other key insurance providers and distribution channels .. 88

Affinity schemes dominate the distribution of this insurance among some traditional professions… .. 88

…but policies are available directly from a number of both generic and sector-specific providers .. 88

Market forecast ... 89

Increased sector-specific activity and a rise in voluntary uptake will both have positive effects ... 89

5.0 GERMANY .. 91

Introduction . 91

Number of insurable enterprises . 92

The number of enterprises eligible for professional indemnity insurance now exceeds one million... . 92

... in spite of a contraction in the architecture and engineering segment since 2006 93

Market size . 95

Insurance is compulsory for several professions and strictly enforced for lawyers and tax advisors ... 95

Rising premiums in the market for doctors' and hospital liability cover were driven by a variety of factors . 95

A market exists for supplementary professional indemnity insurance bought by doctors 95

Premiums and claims in the architecture and engineering category have experienced great volatility... 96

...whereas consultants have become a key growth market for professional indemnity cover .. 97

Since 2006, professional indemnity cover has risen as a proportion of the total general liability market . 98

Affinity schemes . 99

More than half of the national associations surveyed were making professional indemnity cover available ... 99

UNITA and Funk Gruppe stand out in terms of their number of partnerships with professional bodies .. 99

A number of specialist brokers have established themselves as partners of relevant associations .. 100

In terms of its number of scheme relationships, HDI Gerling is the leading underwriter 101

DBV Winterthur and Deutsche Arzteversicherung merged to form a dominant player in the doctors' market .. 102

Allianz is a major competitor but possesses relatively few partnerships with professional bodies . 102

Affinity programs organised at a regional or local level are significant in several professional sectors .. 103

Other key insurance providers and distribution channels 104

Aside from affinity schemes, several other brokers and underwriters are prominent in the market... 104

... and many banks distribute professional indemnity policies through their usual bancassurance partners . 104

Market forecast . 105

The market for professional indemnity insurance will experience healthy growth in some segments... 105

... although seems destined to stagnate in others, such as accountancy and finance ... 106

6.0 ITALY . 107

Introduction ... 107

Number of insurable enterprises ... 108

Architects and engineers add up to the biggest professional category in Italy 108

Enterprises in all professional sectors grew in number between 2006 and 2010 ... 109

Market size ... 111

Most professionals are currently under no obligation to take out professional indemnity cover . 111

Soaring claims and premiums have characterised the market for doctors' and hospitals' liability cover... 111

...while architects and engineers tend to face lower risks than in other European countries . 111

Take-up rates are boosted by packaging professional indemnity cover with other forms of insurance . 111

Professional indemnity insurance is a growing segment within the general market for liability cover 114

Affinity schemes ... 115

Close to a half of professional bodies offer a nationwide scheme for professional indemnity cover .. 115

AEC Master Broker has struck partnerships with a large number of associations at the national level. 116

Marsh is also prominent in the market for affinity schemes for professional indemnity insurance... .. 117

... although a significant number of brokers are limited to just one program ... 117

Underwriters at Lloyd's of London are used as insurers by several professional associations .. 118

Schemes run at a regional or local level are especially important within the 'protected' professions 119

Other key insurance providers and distribution channels 120

CNA Europe offers professional indemnity insurance for most professions in Italy 120

Inarcassa is a distribution channel of some importance in the architecture and engineering category . 120

Market forecast . 121

Professional indemnity insurance is likely to become compulsory for a wider range of professions . 121

7.0 NETHERLANDS ... 123

Introduction ... 123

Number of insurable enterprises ... 124

IT, management and financial consultancies form the biggest professional sector in the Netherlands... .. 124

... although the number of legal services enterprises has been growing most rapidly 125

Market size ... 127

Professional indemnity insurance is compulsory for several key professions . 127

Several factors cause claims for medical liability to remain at relatively modest levels .. 128

Liability for Dutch architects is often capped, reducing the need for cover and the size of the market .. 128

High underwriting capacity limits growth in the market for accountants and non-IT consultants... 128

... although the prospects for professional indemnity cover for IT consultancies appear better . 128

Professional indemnity insurance has outpaced the general liability market .. 130

Affinity schemes ... 131

A substantial minority of professional associations offer professional indemnity cover to their members . 131

As broker, Aon is dominant in the market for professional indemnity insurance schemes... .. 131

...with competition among underwriters somewhat more fragmented . 132

Other key insurance providers and distribution channels 134

Dutch regulators have made strong interventions in the distribution of professional indemnity insurance 134

Market forecast . 135

The Dutch market will continue to be driven by increases in the number of newly insured companies 135

8.0 POLAND 137

Introduction ... 137

Number of insurable enterprises ... 138

The IT, management and financial consulting sector is the largest by number in Poland .. 138

Enterprises in all professional sectors grew in number between 2006 and 2010 ... 139

Market size ... 141

Architecture and engineering is likely to deliver the highest value in terms of gross written premiums . 141

For some professions, the scope of cover is defined by law which can be problematic for underwriters .. 142

Professional indemnity cover has risen as a percentage of the total market for general liability insurance... 143

Affinity schemes ... 144

Fewer than one in five professional associations have set up an affinity program... .. 144

... and among those that do, relatively few use a broker .. 144

INTER Polska holds relationships with four major associations from the healthcare sector .. 145

Other key insurance providers and distribution channels 147

There is relatively little online marketing of professional indemnity insurance in Poland 147

Market forecast . 148

Gross written premiums are forecast to grow at an annual average of 10.8% between 2010 and 2014 .. 148

A trend for rising claims may bring about increasing rates in certain professional categories 148

9.0 SPAIN 150

Introduction ... 150

Number of insurable enterprises ... 151

Enterprises in the architecture and engineering sector are most numerous ... 151

In spite of the weakness of the Spanish economy, certain professional sectors have continued to grow . 152

Market size ... 154

One sector accounts for almost 40% of the total market value ... 154

Professional indemnity insurance has been characterised by increasing competition in recent years... ... 155

... and several legislative developments have also had an impact on the market .. 155

As a percentage of total general liability insurance, professional indemnity cover has increased . 157

Affinity schemes ... 158

Professional colleges constitute the principal distribution channel for this form of insurance in Spain .. 158

As broker, Adartia Global holds the most nationwide deals for professional indemnity insurance schemes... . 158

... with the remaining initiatives spread thinly among a variety of generalist and specialist intermediaries 159

Four underwriters are used for two or more national affinity programs for professional indemnity cover .. 161

However, many insurance schemes are organised through regional or local professional bodies ... 161

Other key insurance providers and distribution channels 162

Several other brokers and underwriters also possess visible expertise in professional indemnity cover .. 162

Direct sales, including online sales, are becoming more important for certain professions 162

Market forecast . 163

The market value is forecast to increase in all professional sectors other than one ... 163

10.0 SWEDEN . 165

Introduction ... 165

Number of insurable enterprises ... 166

The IT, management and financial consulting sector accounts for nearly one third of all enterprises ... 166

There was only moderate growth in the number of enterprises between 2006 and 2010 . 167

Market size ... 169

The Swedish market for professional indemnity insurance is highly developed but relatively low in value ... 169

Increased competition has put average premiums under pressure in a number of segments .. 169

The Swedish market for medical liability cover follows a different dynamic from the rest of Europe . 170

Professional indemnity insurance accounts for a relatively low proportion of the general liability market.. 172

Affinity schemes ... 173

Professional bodies are an important distribution channel for this type of insurance in Sweden ... 173

Eight different brokers have established affinity programs with professional bodies .. 173

Six insurers are used as underwriters for affinity programs for professional indemnity cover 175

Other key insurance providers and distribution channels 175

Several significant providers have no visible involvement in scheme business .. 175

Market forecast . 176

Despite its maturity the Swedish market can expect accelerated growth in the years leading up to 2014 176

11.0 SWITZERLAND .. 178

Introduction ... 178

Number of insurable enterprises ... 179

The IT, management and financial consulting category is the largest professional sector in Switzerland. 179

Enterprises in all professional sectors grew in number between 2006 ... 180

Market size ... 182

Professional indemnity insurance is currently not compulsory for most professions in Switzerland .. 182

The market has benefited from a higher number of insured enterprises in recent years ... 182

Swiss doctors and hospitals have experienced steeply rising premiums over the last decade... .. 183

...while for some other professions premiums are relatively high due to the large amounts insured . 183

Professional indemnity cover accounts for a small but growing proportion of the general liability market . 185

Affinity schemes ... 186

Over a third of professional bodies in Switzerland run an affinity scheme on a national basis .. 186

Several professional organisations work with comparatively small brokers 186

AXA Winterthur and Zurich hold the highest number of partnerships with professional bodies . 188

Other key insurance providers and distribution channels 189

Several other brokers also possess visible expertise in professional indemnity cover... 189

Market forecast . 191

Premium income is likely to record high growth among IT, management and financial consultants . 191

12.0 UNITED KINGDOM 193

Introduction ... 193

Number of insurable enterprises ... 194

More than 40% of insurable enterprises come from the IT, management and financial consulting sector 194

Complementary medicine rises while estate agency and property declines ... 195

Market size ... 197

The UK hosts the largest professional indemnity insurance market in Europe by overall value 197

Medical liability insurance is often provided by mutuals on a discretionary basis ... 197

The end of the assigned risks pool and the closure of SIMIA are changing the face of insurance for solicitors ... 198

The property crash has reduced premiums paid in the architecture and engineering category 199

Fears about litigation against IFAs in the wake of the credit crisis have not been realised 199

Professional indemnity insurance has fallen as a share of total general liability, 2006 to 2010 . 201

Affinity schemes ... 202

Well over 50% of professional associations have an affinity partnership for professional indemnity insurance 202

Trafalgar Risk Management has the most affinity deals, specialising in accountancy and finance... 202

... with Towergate Professional Risks also prominent in this market ... 203

Other scheme brokers include Giles Insurance Brokers, which specialises in estate agency and property... .. 203

Heath Lambert, which concentrates on architects and engineers... 203

...and PIMS-SCA which works with marketing associations 203

40 brokers are limited to one or two schemes only with professional associations 204

There are 19 identified underwriters for professional indemnity insurance affinity partnerships... . 204

... including five run by the professions themselves . 205

Other key insurance providers and distribution channels 206

Brokers are the key channel in the UK, with limited direct distribution 206

The global brokers offer professional indemnity insurance for small clients as well as large ones 207

Professional indemnity insurance policies can be bought online in the UK... . 207

... although recent litigation may limit brokers' appetite to accept online applications without extra checks .. 207

Market forecast . 209

Premiums in property-related sectors are expected to rise by 2014, though remaining below their 2006 level 209

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY ... 1

Number of insurable enterprises in Europe, segmented by country, 2010 . 2

Approximate gross written premiums for professional indemnity insurance in Europe, segmented by professional sector, 2006 and 2010 .. 3

Share of partnerships of top five brokers for affinity schemes for professional indemnity insurance segmented by country, 2011 . 4

1.0 INTRODUCTION 6

Professional associations contacted by Finaccord, segmented by country, professional category and membership type .. 8

2.0 EUROPEAN OVERVIEW 14

Number of insurable enterprises in Europe, segmented by country, 2010 ... 15

Number of insurable enterprises in Europe, segmented by professional sector, 2010 ... 16

Average annual growth or decline in number of insurable enterprises in Europe, segmented by country, 2006-2010 .. 17

Number of insurable enterprises in Europe, segmented by country, 2006 and 2010 (data) ... 18

Average annual growth or decline in number of insurable enterprises in Europe, segmented by professional sector, 2006-2010 ... 19

Number of insurable enterprises in Europe, segmented by professional sector, 2006 and 2010 (data) 20

Approximate gross written premiums for professional indemnity insurance in Europe, segmented by country, 2006 and 2010 . 22

Approximate gross written premiums for professional indemnity insurance in Europe, segmented by country, 2006 and 2010 (data) 23

Approximate gross written premiums for professional indemnity insurance in Europe, segmented by professional sector, 2006 and 2010 25

Approximate gross written premiums for professional indemnity insurance in Europe, segmented by professional sector, 2006 and 2010 (data) . 26

Approximate gross written premiums for professional indemnity insurance as a percentage of gross written premiums for total general liability insurance in Europe, segmented by country, 2006 and 2010 .. 27

Approximate gross written premiums for professional indemnity insurance as a percentage of gross written premiums for total general liability insurance in Europe, segmented by country, 2006 and 2010 (data) ... 28

Provision rates for affinity schemes for professional indemnity insurance segmented by country, 2011 ... 29

Provision rates for affinity schemes for professional indemnity insurance segmented by professional category, 2011 30

Operating models used for affinity schemes for professional indemnity insurance segmented by country, 2011 31

Operating models used for affinity schemes for professional indemnity insurance segmented by country, 2011 (data) . 32

Share of partnerships of top five brokers for affinity schemes for professional indemnity insurance segmented by country, 2011 ... 33

Share of partnerships of top five brokers for affinity schemes for professional indemnity insurance segmented by country, 2011 (data) 34

Overview of share of partnerships of Aon and Marsh for affinity schemes for professional indemnity insurance, 2011 (data) ... 35

Share of partnerships of top five underwriters for affinity schemes for professional indemnity insurance segmented by country, 2011 ... 36

Share of partnerships of top five underwriters for affinity schemes for professional indemnity insurance segmented by country, 2011 (data) 37

Forecast for gross written premiums for professional indemnity insurance in Europe, segmented by country, 2010 and 2014 . 38

Forecast for gross written premiums for professional indemnity insurance in Europe, segmented by country, 2010 and 2014 (data) 39

Forecast for gross written premiums for professional indemnity insurance in Europe, segmented by professional sector, 2010 and 2014 40

Forecast for gross written premiums for professional indemnity insurance in Europe, segmented by professional sector, 2010 and 2014 (data) . 41

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the accountancy and finance sector in Europe, segmented by country, 2006, 2010 and 2014 42

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the accountancy and finance sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 43

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the architecture and engineering sector in Europe, segmented by country, 2006, 2010 and 2014 44

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the architecture and engineering sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 45

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the broadcasting and publishing sector in Europe, segmented by country, 2006, 2010 and 2014 46

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the broadcasting and publishing sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 47

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the complementary medicine sector in Europe, segmented by country, 2006, 2010 and 2014 48

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the complementary medicine sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 49

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the estate agency and property sector in Europe, segmented by country, 2006, 2010 and 2014 50

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the estate agency and property sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 51

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the IT, management and financial consulting sector in Europe, segmented by country, 2006, 2010 and 2014 ... 52

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the IT, management and financial consulting sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 53

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the legal services sector in Europe, segmented by country, 2006, 2010 and 2014 . 54

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the legal services sector in Europe, segmented by country, 2006, 2010 and 2014 (data) .. 55

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the marketing sector in Europe, segmented by country, 2006, 2010 and 2014 ... 56

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the marketing sector in Europe, segmented by country, 2006, 2010 and 2014 (data) . 57

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the medicine, dentistry and other healthcare activities sector in Europe, segmented by country, 2006, 2010 and 2014 . 58

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in the medicine, dentistry and other healthcare activities sector in Europe, segmented by country, 2006, 2010 and 2014 (data) .. 59

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in other professional sectors in Europe, segmented by country, 2006, 2010 and 2014 .. 60

Approximate and forecast gross written premiums for professional indemnity insurance acquired by enterprises in other professional sectors in Europe, segmented by country, 2006, 2010 and 2014 (data) 61

2.0 BELGIUM . 62

Number of insurable enterprises in Belgium, segmented by professional sector, 2010 .. 63

Average annual growth or decline in number of insurable enterprises in Belgium, segmented by professional sector, 2006-2010 ... 64

Number of insurable enterprises in Belgium, segmented by professional sector, 2006 and 2010 (data) .. 65

Approximate gross written premiums for professional indemnity insurance in Belgium, segmented by professional sector, 2006 and 2010 67

Approximate gross written premiums for professional indemnity insurance in Belgium, segmented by professional sector, 2006 and 2010 (data) . 68

Approximate gross written premiums for total general liability insurance and gross written premiums for professional indemnity insurance as a percentage of these in Belgium, 2006 and 2010 69

Affinity schemes for professional indemnity insurance in Belgium: provision rate and operating models, 2011 70

Affinity schemes for professional indemnity insurance in Belgium: broker and underwriter share of partnerships, 2011 . 73

Forecast for gross written sector, 2010 and 2014 75

Forecast for gross written premiums for professional indemnity insurance in Belgium, segmented by professional sector, 2010 and 2014 (data) . 76

4.0 FRANCE .. 77

Number of insurable enterprises in France, segmented by professional sector, 2010 78

Average annual growth or decline in number of insurable enterprises in France, segmented by professional sector, 2006-2010 ... 79

Number of insurable enterprises in France, segmented by professional sector, 2006 and 2010 (data) 80

Approximate gross written premiums for professional indemnity insurance in France, segmented by professional sector, 2006 and 2010 81

Approximate gross written premiums for professional indemnity insurance in France, segmented by professional sector, 2006 and 2010 (data) . 82

Approximate gross written premiums for total general liability insurance and gross written premiums for professional indemnity insurance as a percentage of these in France, 2006 and 2010 .. 83

Affinity schemes for professional indemnity insurance in France: provision rate and operating models, 2011 84

Affinity schemes for professional indemnity insurance in France: broker and underwriter share of partnerships, 2011 . 86

Forecast for gross written premiums for professional indemnity insurance in France, segmented by professional sector, 2010 and 2014 89

Forecast for gross written premiums for professional indemnity insurance in France, segmented by professional sector, 2010 and 2014 (data) . 90

5.0 GERMANY .. 91

Number of insurable enterprises in Germany, segmented by professional sector 2010 . 92

Average annual growth or decline in number of insurable enterprises in Germany, segmented by professional sector, 2006-2010 ... 93

Number of insurable enterprises in Germany, segmented by professional sector, 2006-2010 (data) 94

Gross written premiums for professional indemnity insurance in Germany segmented by professional sector, 2006 and 2010 ... 96

Gross written premiums for professional indemnity insurance in Germany segmented by professional sector, 2006 and 2010 (data) .. 97

Approximate gross written premiums for total general liability insurance and gross written premiums for professional indemnity insurance as a percentage of these in Germany, 2006 and 2010 .. 98

Affinity schemes for professional indemnity insurance in Germany: provision rates and operating models, 2011 99

Affinity schemes for professional indemnity insurance in Germany: broker and underwriter share of partnerships, 2011 ... 101

Forecast for gross written premiums for professional indemnity insu

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Insurance Industry: Professional Indemnity Insurance in Europe

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