Medical Malpractice Insurance in the UK - Industry Market Research Report

Medical Malpractice Insurance in the UK - Industry Market Research Report
Medical Malpractice Insurance in the UK

The private healthcare market heavily drives the medical malpractice insurance industry. Under the Medical Act 1883, all healthcare professionals practising in the UK must hold clinical negligence cover. Insurers' revenue has increased at a compound annual rate of 1.1% over the five years through 2023-24. Given the nature of medical practice insurance, it's no surprise insurers contend with intense competition from state indemnity cover, and stringent regulatory hurdles. Times were tough during the peak-pandemic period with a high proportion of private elective surgeries deferred due to social distancing measures. The historic public-private healthcare deals following the onslaught of the pandemic to NHS had sufficient capacity to deal.This industry underwrites medical malpractice insurance, which is purchased by physicians and hospitals to cover the cost of lawsuits regarding malpractice.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.