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London, 10 December 2013 - New research by Finaccord, a leading market research consultancy specialising in financial services, forecasts that the market for professional indemnity insurance across ten European countries - namely, Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK - will be worth around EUR 7.5 billion by 2017.
Finaccord has calculated that gross written premiums for this form of insurance amounted to around EUR 6.78 billion across the then countries in 2013, having grown from approximately EUR 6.15 billion in 2009. The UK is estimated to have the largest market, followed by Germany and France. Moreover, gross written premiums grew between 2009 and 2013 in all countries other than Spain