Directors and Officers (D&O) Insurance Market by Coverage (Employment Practice Litigations, Regulatory Investigations, Customer Suits, Accounting Irregularities and Other Stakeholder Claims), and End User (Public Organizations, Private Organizations, and Non-Profit Organizations) - Global Opportunity Analysis and Industry Forecast, 2022-2030

Market Definition:

The Global Directors and Officers (D&O) Insurance Market size was valued at USD 20.87 billion in 2021 and is predicted to reach USD 54.45 billion by 2030 with a CAGR of 9.9% from 2022-2030. 

D&O liability insurance offers coverage to personal liability of directors and officers of any company or organization in the event they are sued due to any wrongful acts in their managerial capacity. The coverage typically include the legal or defense fees and other costs, the organization may incur as a result of actual or alleged breach of duty, neglect, misstatements, malpractice, injury or errors. This type of liability insurance is very useful to protect the personal assets of directors and officers, and their spouses, if they are personally sued by employees, competitors, vendors, investors, customers, or other parties. However, intentional illegal acts are typically not covered under D&O policies. 

Market Dynamics and Trends:

D&O insurance provides more security to an organization, increases it's ability to function confidently and protects its reputation. Employees of the organization having a D&O policy feel empowered and thus more likely to work fearlessly if they are aware that the organization carries a D&O policy in their names. At times, it becomes necessary to take risks in order to make greater gains for the company. Risk averse companies usually fall behind their competition and finally become obsolete. Thus D&O insurance plays a crucial role in the success of any company. 

Also, D&O policy complies with several legal necessities and protects the financial health of a company in contingent times such as in the event of an investigation due to accounting irregularities, event of fraud, misuse of organization’s funds or any other regulatory investigations. Such benefits are expected to propel the D&O insurance market growth globally. However, D&O does not cover expenses arising due to any kinds of criminal activities, punitive damages and intentional wrong doings, which restrains the growth of D&O insurance market to some extent.

Market Segmentations and Scope of the Study:

The global Directors and Officers (D&O) Insurance market share has been analyzed based on coverage, end user, and region. Based on coverage, the market is segmented into employment practice litigations, regulatory investigations, customer suits, accounting irregularities and other stakeholder claims. Based on end user, the market is classified into public organizations, private organizations, and non-profit organizations. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is expected to dominate the global Directors and Officers (D&O) Insurance market during the forecast period due to high adoption of D&O insurance across various business enterprises, the presence of well-established fortune companies, and presence of key service providers in the region.

The market in Asia-Pacific is projected to expand at the highest CAGR during the forecast period owing to increasing prevalence of multinational companies and untapped market opportunities offered by emerging economies, specifically India and China.

Competitive Landscape:

The global Directors and Officers (D&O) Insurance market is highly competitive and consists of numerous market players. Some of the major market players are market includes Tata AIG Insurance, AXA XL Insurance, Willis Towers Watson, Allied World Assurance, Chubb Limited, Travelers, AXIS Capital, ICI Mutual Insurance Company, Nationwide Mutual Insurance Company and Zurich Insurance Group.

KEY BENEFITS:

• The D&O Insurance market report provides quantitative market analysis and estimations through 2022-2030 that assists to determine the predominant market opportunities to exploit.

• The study comprises a deep drive analysis of D&O Insurance market trends including current and upcoming trends for interpreting the prevalent investment pockets in the market.

• The report gives intricate information related to key drivers, restraints, opportunities and their impact on D&O Insurance market.

• The report consolidates a competitive analysis of the market players along with their market share in global D&O Insurance market.

• The study elaborates SWOT analysis and Porters Five Force model for the D&O Insurance market.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the global D&O Insurance market.

KEY MARKET SEGMENTS:                                                 

By Coverage

• Employment Practice Litigations

• Regulatory Investigations

• Customer Suits

• Accounting Irregularities

• Other Stakeholder Claims 

By End User

• Public Organizations

• Private Organizations

• Non-Profit Organizations

By Region

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Australia

  • Japan

  • Rest of Asia-Pacific

• Rest of World

  • Latin America  

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION: