A Research and Markets report has forecast growth in the commercial liability sector despite a softening market place.
The report is titled UK Commercial Liability Insurance 2005 and analyses growth in the employer's liability, professional indemnity and directors' and officers' (D&O) markets.
The D&O sector, it forecasted, would benefit from steady growth in merger and acquisition activity, leading “directors' and officers' insurers to offer innovative new products to a potentially wider audience.”
It predicted that the employers' liability market would be worth £3bn by 2009.
“In the eyes of commercial liability brokers, insurers appear to be doing a very good job,” the report said.
“Satisfaction levels are high, as is apparent from the 41.3% of brokers we interviewed who described themselves as very satisfied with their insurance partners."