Directors & Officers (D&O) Liability Insurance Market is expected to reach USD 48.81 billion by 2030
Increased legal scrutiny is prompting executives to purchase D&O liability insurance. This factor is expected to propel the growth of the D&O liability insurance market during the forecast period.
The Global Directors & Officers (D&O) Liability Insurance Market is valued at USD 25.21 billion in 2023, and is expected to reach USD 48.81 billion by 2030, with a CAGR of 9.9% from 2024 to 2030, according to a new research by Next Move Strategy Consulting.
The D&O liability insurance industry benefits from increased legal scrutiny of directors and officers. This heightened awareness of financial risks drives a higher demand for comprehensive coverage, reassuring and promoting good governance. It serves as a magnet for top-tier talent. In a changing legal landscape, robust D&O insurance allows leaders to make decisions confidently.
However, the global supply chain disruptions and inflation, worsened by the Russia-Ukraine conflict, significantly impact various industries in Europe. This will lead to more D&O claims with higher settlements and defense costs. As a result, these factors restrain the growth of the D&O liability insurance sector.
On the contrary, the integration of cutting-edge technologies such as artificial intelligence (AI) and data analytics is revolutionizing D&O insurance. They help analyze vast data sets, identify patterns, and refine underwriting decisions. AI also streamlines claims processing and detects potential fraud. Advanced analytics assess financial health, governance, and risk exposure, enabling more informed coverage and pricing choices than before.
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According to the report, leading players in the D&O liability insurance market include American International Group, Chubb, Zurich Insurance Group, Allianz SE, Axa S.A., Berkshire Hathaway, Inc., Marsh & McLennan Companies, Inc., Liberty Mutual Group, The Travelers Companies, Inc., Beazley PLC, and others.
These market players are adopting strategies such as product launches across various regions to maintain their dominance in the D&O liability insurance market. For instance, in January 2023, Beazley introduced comprehensive private equity liability insurance, safeguarding directors and officers (D&O) against potential risks throughout the entire portfolio lifecycle.
In addition, in June 2022, Marsh expanded D&O insurance offerings to cover environmental, social, and governance (ESG) related claims, cyber incidents, regulatory inquiries, and mergers & acquisitions M&A, supporting businesses with strong ESG practices.
Furthermore, in June 2022, Beazley launched CryptoGuard, a new D&O insurance solution tailored specifically for crypto companies of all sizes. CryptoGuard protects senior executives from boardroom risks, with coverage of up to USD 10 million available to established private and public organizations.
Key Insights from the Disabled & Elderly Assistive Device Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the D&O liability insurance market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of the global D&O liability insurance market players and their competitive analysis are provided in the report.