Government regulations to help personal indemnity and D&O insurance market of UK : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The UK has a low mortality and birth rate which implies like all the other developed nations it has a slow population growth. The nation has almost cent percent literacy rate and this is attributed to universal public education system introduced in 1870 . The number of people above 65 years is significantly high. Majority of the people live in the urban areas but the rate of urbanization currently is steady. The net immigration rate is very high and this was one of the major reasons for Brexit. The biggest factor that is said to influence UK’s economy is the Brexit vote. However , contrary to popular predictions that UK economy would be in a deep trouble after the Brexit vote , the growth of the nation has been slow as before. It is not that it has been completely unaffected by the referendum. As the value of pound Sterling fell , the fiscal deficit has risen. The sudden drop in the value of pound has given rise to many complications. Ken Research in its analysis says, the import costs have shot up and doing global business has become expensive. This vote also led to a tiff between tesco and its biggest supplier, Unilever . Unilever wanted to increase prices in the UK to compensate for drop in value. This led Tesco to temporarily stopping sale of its most famous brands – including Marmite – to online shoppers. Research report titled “Professional Indemnity and D&O Insurance in the UK-Key Trends and Opportunities to 2020” says, insurance in the United Kingdom is divided into various categories. The categorisation put in sections 333B, and 431B to 431F of the Income and Corporation Taxes Act 1988(ICTA) and each category of business given a different tax treatment. TheFinancial Services Authority was formed in 2001 as the regulator. In 2013 theFinancial Services Authoritywas dissolvedandFinancial ConductAuthority and Prudential Regulation Authority were given responsibility of financial conduct. Professional indemnity and Directors and Office insurance is needed to protect professionals and businesses when claim made by third party. It protects an individual when made against him/herfor alleged wrongful acts in their capacity as a Director or Officer or against the organisation. Claims can be made either by shareholders or creditors however recently a growing incidence of claims being made against Directors & Officers by regulatory bodies. It also covers the legal and other costs and expenses incurred in the defence of a claim. Professional Indemnity Insurance and Directors & Officers Insurance operate on the basis of “claims made basis” I.e. policy comes in force at the time the claim is notified which will operate irrespective of when the alleged act of professional negligence or wrongful act took place or when the work was actually undertaken The UK PI and D&O market has shown a constant growth since 2012, however this market is one of the least concentrated market. The UK market for personal indemnity is consolidated as five of the firms account for more than half the market share. The main drivers of this market is trends in business population and confidence , directors rising public exposure and increase in the regulatory activity. Topics Covered in the Report UK Insurance Regulatory Framework Global insurance sector UK insurance industry trends UK professional indemnity and D&O insurance market UK Professional Indemnity Insurance Penetration UK Professional Indemnity Gross Written Premium UK Insurance industry Regulations UK Insurance industry research report UK Non-life insurance market research UK Professional Indemnity Insurance market Growth UK Professional Indemnity Insurance market future UK Professional Indemnity Insurance market Trends UK Professional Indemnity Insurance market analysis UK Commercial Liability Insurance Premiums and PI Share UK Professional Indemnity Insurance-Gross Written Premium UK Professional Indemnity Insurance-Penetration and Density For more coverage click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/professional-indemnity-d-o-insurance-uk-key-trends/80402-93.html Related links: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/household-insurance-uk-key-trends/80400-93.html https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/personal-accident-health-insurance-uk-key-trends-opportunities-2019/4239-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Global Insurance Sector, UK Commercial Liability Insurance Premiums and PI Share, UK Insurance industry Regulations, UK Insurance Industry Research report, UK insurance industry trends, UK Insurance Regulatory Framework, UK Non- Life Insurance Market Research, UK professional indemnity and D&O insurance market, UK Professional Indemnity Gross Written Premium, UK Professional Indemnity Insurance market analysis, UK Professional Indemnity Insurance market future, UK Professional Indemnity Insurance market Growth, UK Professional Indemnity Insurance market Trends, UK Professional Indemnity Insurance Penetration, UK Professional Indemnity Insurance-Gross Written Premium, UK Professional Indemnity Insurance-Penetration and Density