PROFESSIONAL INDEMNITY INSURANCE FOR ARCHITECTS AND ENGINEERS: A WORLDWIDE REVIEW TABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY... 1

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1 TABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY INTRODUCTION... 4 What is this report about?... 4 The study examines the market for professional indemnity cover for architects and engineers in 20 countries... 4 Rationale... 4 Worldwide, premiums for these markets were worth about USD 3.57 billion in derived from a variety of enterprises and individuals operating in these fields... 4 Methodology... 5 The study includes the results of a survey covering over 350 professional associations... 5 Market data... 5 Definitions... 5 Professional indemnity insurance... 5 Professional categories... 7 Operating models... 7 Other notes and exchange rates... 7 PartnerBASE and market data annexe... 8 Finaccord GLOBAL OVERVIEW Introduction Number of insurable enterprises and individuals Insurable enterprises and individuals are most numerous in India, Brazil and Germany and in the engineering category, in which they are also growing most rapidly Market size and segmentation The global market was worth in the region of USD 3.57 billion in premiums in which across the 20 countries in scope have been growing at a real compound annual rate of 2% Engineering is the largest category followed in descending order by architecture, D&B and surveying Most countries have experienced growth in both number of insurable enterprises and individuals and in premiums In relative terms, the fields of architecture and engineering are most important in Belgium Affinity schemes with professional associations Programs for professional indemnity cover are most common in Germany, Italy and Sweden Market forecast In real terms, premiums are predicted to carry on growing up to 2019 in 17 of the 20 countries and across all categories Sector summaries Architecture D&B (Design & build) Engineering Surveying AUSTRALIA Introduction Number, growth in number and segmentation of insurable enterprises Insurable entities in the engineering category substantially outnumber those in the other categories Market value, growth and segmentation The market value grew at a modest rate between 2011 and which is partly a consequence of its relative maturity FINACCORD (08/2016) i

2 Underwriter market shares in professional indemnity insurance Australia features a fairly fragmented market for professional indemnity cover as a whole Several underwriters are particularly strong in the fields of architecture and engineering Affinity schemes with professional associations A majority of schemes in this field have been set up with a single, external broker with Bovill Risk & Insurance Consultants and Coverforce having secured the most partnerships QBE underwrites the scheme of the Australian Institute of Agricultural Science and Technology Market value forecast Premiums are predicted to have edged up modestly by AUSTRIA Introduction Number, growth in number and segmentation of insurable enterprises There are around 23,600 entities eligible for this type of professional indemnity cover in Austria Market value, growth and segmentation The Austrian market for professional indemnity insurance for architects and engineers is a substantial one accounting for over 30% of the total market for professional indemnity cover which is partly a consequence of the fact that acquiring cover is compulsory in these fields Underwriter market shares in professional indemnity insurance Professional indemnity risks are generally underwritten by non-specialist insurers Affinity schemes with professional associations Comparatively few affinity programs have been established among professional associations in Austria Market value forecast Premiums are likely to grow at a uniform rate across all four categories BELGIUM Introduction Number, growth in number and segmentation of insurable enterprises Insurable entities in the engineering category make up just over 50% of the total number Market value, growth and segmentation The wider professional indemnity insurance market has outgrown that for architects and engineers Underwriter market shares in professional indemnity insurance Both specialist and generalist insurers feature in the professional indemnity insurance market with the former including AR-CO, Euromaf and Protect Affinity schemes with professional associations All schemes identified have been set up directly with an external underwriter with Protect having secured the most partnerships in this context Market value forecast Moderate growth in premiums is likely to continue up to BRAZIL Introduction Number, growth in number and segmentation of insurable enterprises A troubled economy has brought about a slightly decline in the number of insurable entities in Brazil Market value, growth and segmentation although rising take-up rates (from a very low level) have caused the insurance market to increase Underwriter market shares in professional indemnity insurance ACE, AIG and Zurich are likely to be market leaders in the fields of architecture and engineering Affinity schemes with professional associations The Associação Brasileira de Engenharia e Consultoria Estrutural is unique in having established a scheme Market value forecast A lack of compulsion is one factor that will limit growth in premiums up to CANADA Introduction Number, growth in number and segmentation of insurable enterprises FINACCORD (08/2016) ii

3 The number of insurable entities in the engineering category has been growing most rapidly Market value, growth and segmentation which is reflected in the superior growth in premiums experienced by this category in recent years Underwriter market shares in professional indemnity insurance A significant proportion of the market value is likely to be underwritten at Lloyd s of London Affinity schemes with professional associations Several affinity schemes are in evidence and three of these are underwritten by Encon Market value forecast The surveying category, which is also the smallest, is likely to record the weakest premium growth FRANCE Introduction Number, growth in number and segmentation of insurable enterprises The number of insurable entities in France reached over 80,000 for the first time in Market value, growth and segmentation Premiums in the D&B category rose most quickly between 2011 and and they have been rising generally as a consequence of an increasingly litigious culture in France Underwriter market shares in professional indemnity insurance MAF and SMA are the main specialists in the fields of architecture and engineering Affinity schemes with professional associations Several associations have established a scheme for professional indemnity insurance with Gras Savoye and SIACI Saint Honoré responsible for two of these and with Allianz and GMF used as underwriters in one case each Market value forecast Premiums in the D&B category are likely to continue outgrowing those in other categories GERMANY Introduction Number, growth in number and segmentation of insurable enterprises Just over a half of all insurable entities come from the engineering category Market value, growth and segmentation although this category generates substantially less than 50% of premiums Underwriter market shares in professional indemnity insurance Allianz, AXA, Gothaer, HDI, R&V and VHV are leaders in the fields of architecture and engineering Affinity schemes with professional associations At least 25 schemes for professional indemnity insurance have been set up by relevant associations with Aon subsidiary UNITA responsible for broking the highest number of these Where identifiable, HDI and VHV are used most frequently as underwriters of these schemes Market value forecast Premiums are predicted to rise at a nominal compound annual rate of 2% up to INDIA Introduction Number, growth in number and segmentation of insurable enterprises Insurable entities in the engineering category make up more than 85% of the total Market value, growth and segmentation but architecture is the largest category in terms of the value of premiums generated Take-up rates for professional indemnity insurance are generally very low Underwriter market shares in professional indemnity insurance New India Assurance is the probable market leader Affinity schemes with professional associations Among those in scope, no professional associations have yet created schemes for this type of cover Market value forecast Unless buying cover becomes obligatory, the market value will remain comparatively low FINACCORD (08/2016) iii

4 11.0 IRELAND Introduction Number, growth in number and segmentation of insurable enterprises The number of insurable entities in Ireland has moved up at a moderate rate in recent years Market value, growth and segmentation and this trend has also flowed through to premiums in the professional indemnity insurance market Underwriter market shares in professional indemnity insurance Ireland s market for professional indemnity insurance is a relatively fragmented one Affinity schemes with professional associations All schemes identified are intermediated by a broker with Griffiths & Armour and Marsh each laying claim to two partnerships in this arena Market value forecast Premiums in the D&B category are likely to expand most rapidly up to ITALY Introduction Number, growth in number and segmentation of insurable enterprises There are over 200,000 insurable entities in these categories in Italy Market value, growth and segmentation and they generate a sizeable market for professional indemnity cover albeit a fairly low percentage of total professional indemnity insurance premiums Take-up rates have risen sharply in certain categories as a result of regulatory changes and the architecture, D&B and engineering categories are among those most affected Underwriter market shares in professional indemnity insurance A significant proportion of the market is dealt with by underwriters at Lloyd s of London with AIG, Generali, Unipol and Zurich also believed to be strong in these segments Affinity schemes with professional associations Over a half of relevant professional associations have set up a scheme for professional indemnity cover with AEC Master Broker having secured the most partnerships among brokers The prominence of Lloyd s of London is confirmed by its share of scheme partnerships Market value forecast Premiums in the surveying category are forecast to advance most quickly through to JAPAN Introduction Number, growth in number and segmentation of insurable enterprises Enterprises in the D&B category are relatively numerous in Japan Market value, growth and segmentation causing this category to generate the highest share of premiums A fairly low propensity for litigation means that the Japanese market is a comparatively small one Underwriter market shares in professional indemnity insurance The market is dominated by three substantial underwriters Affinity schemes with professional associations Several of the associations researched have an affinity scheme for professional indemnity cover with three of these having been created in association with intermediaries and with five underwriters laying claim to involvement in at least one scheme each Market value forecast Premiums are expected to increase most rapidly in the largest category, namely that of D&B MEXICO Introduction Number, growth in number and segmentation of insurable enterprises Relative to its size, the number of insurable enterprises and individuals in Mexico is not high Market value, growth and segmentation which is one reason for the small size of the related market for professional indemnity cover another being the low take-up rates and average premiums for this type of insurance FINACCORD (08/2016) iv

5 Underwriter market shares in professional indemnity insurance AIG, Chubb, GMX and Zurich are the likely market leaders Affinity schemes with professional associations The Colegio de Ingenieros Civiles de México has established an affinity program for this type of cover which is brokered by MHG Seguros and underwritten by two insurers Market value forecast The Mexican market for this type of professional liability cover is likely to remain a very small one NETHERLANDS Introduction Number, growth in number and segmentation of insurable enterprises More than two thirds of enterprises in this sector hail from the engineering category Market value, growth and segmentation Premiums in the architecture category increased most rapidly between 2011 and These professions account for around 17.7% of the total Dutch professional indemnity insurance market Architects belonging to the main professional association have to acquire appropriate insurance cover Underwriter market shares in professional indemnity insurance Amlin, Liberty Mutual, Markel and Nationale-Nederlanden are the probable market leaders Affinity schemes with professional associations All schemes identified have been created in conjunction with an external broker with Aon, SAA Verzekeringen and Vanbreda prominent in this context Market value forecast The engineering category will continue to account for over a half of the total market value by POLAND Introduction Number, growth in number and segmentation of insurable enterprises Insurable enterprises and individuals in the D&B category are especially numerous in Poland Market value, growth and segmentation causing them to generate the lion s share of the market value across the four categories in scope Both claims frequency and average claims size in Poland are believed to be comparatively low Underwriter market shares in professional indemnity insurance PZU is the likely market leader for professional indemnity cover both overall and for these activities Affinity schemes with professional associations A minority of relevant associations have set up a program for professional indemnity insurance with a broker (SAGA) involved in just one of these and with the others dealt with directly by underwriters Market value forecast Comparatively rapid growth in premiums is forecast up to SOUTH AFRICA Introduction Number, growth in number and segmentation of insurable enterprises The number of insurable entities expanded by around 2,000 between 2011 and Market value, growth and segmentation High inflation in South Africa is one factor that has propelled rapid growth in premiums Underwriter market shares in professional indemnity insurance Several underwriters are particularly strong in the fields of architecture and engineering including AC&E Underwriting Managers, AIG, Chubb, Hiscox, Mutual & Federal and SHA Affinity schemes with professional associations Four associations among those investigated have an affinity scheme for professional indemnity cover with PI Financial Risk Services having set up all of these Policies generated by these schemes are underwritten by two insurers Market value forecast The architecture and surveying categories are likely to produce the most rapid increase in premiums FINACCORD (08/2016) v

6 18.0 SPAIN Introduction Number, growth in number and segmentation of insurable enterprises The number of insurable entities in Spain fell by over 7,000 between 2011 and Market value, growth and segmentation which was an important factor causing a decline in professional indemnity insurance premiums although the four categories in scope still account for over 30% of the total Spanish market Professional indemnity policies in Spain often provide for relatively low insured sums Underwriter market shares in professional indemnity insurance Underwriters of professional risks in these areas include both specialised and generalist firms including Euromaf and Mútua dels Enginyers in the former category Affinity schemes with professional associations The vast majority of affinity programs have been established in conjunction with an external broker with Adartia responsible for the highest number of these AMIC Seguros Generales, MAPFRE and Musaat each underwrite at least one scheme Market value forecast The market value is expected to have edged up by SWEDEN Introduction Number, growth in number and segmentation of insurable enterprises The number of insurable entities rose by around 1,500 between 2011 and Market value, growth and segmentation which has helped to cause a gentle rise in the value of the related insurance market Underwriter market shares in professional indemnity insurance Likely market leaders include AIG, Folksam, If, Länsförsäkringar and Moderna Affinity schemes with professional associations % of professional associations researched have set up an affinity program and these are spread around a range of brokers, most notably Willis plus at least five different underwriters Market value forecast The Swedish market will carry on growing but is likely to remain a relatively small one SWITZERLAND Introduction Number, growth in number and segmentation of insurable enterprises There are around 26,800 entities eligible for the types of cover in scope in Switzerland Market value, growth and segmentation Professional indemnity insurance for architects and engineers adds up to a sizeable market representing over a quarter of the total Swiss professional indemnity insurance sector Swiss architects often face exposure to civil engineering risks Underwriter market shares in professional indemnity insurance Allianz and AXA are the probable market leaders, followed by Zurich Affinity schemes with professional associations Affinity programs for professional indemnity cover have been created by three associations two of which involve brokers with the other having been set up directly with Zurich Market value forecast Premiums in the engineering category are expected to advance most quickly up to UK Introduction Number, growth in number and segmentation of insurable enterprises Over two thirds of the total number of insurable entities are drawn from the engineering category Market value, growth and segmentation although the category of architecture generates the highest value of insurance premiums FINACCORD (08/2016) vi

7 Underwriter market shares in professional indemnity insurance The UK market is a fragmented and competitive one which is one factor that limits growth in premiums Affinity schemes with professional associations Typically, affinity programs are set up in conjunction with one or more external brokers with Arthur J. Gallagher, Howden and Marsh most prominent in this context Aviva is used as underwriter for the program of the Surface Engineering Association Market value forecast The UK market is unlikely to deliver much growth in premiums between 2015 and US Introduction Number, growth in number and segmentation of insurable enterprises Insurable entities in the US are skewed towards larger enterprises rather than individual professionals Market value, growth and segmentation Premiums for professional liability cover for these activities have outperformed the wider market as a result of weak growth in the market for medical malpractice cover Architects and engineers may be obliged to take out professional liability cover for certain projects Underwriter market shares in professional indemnity insurance Even the leader is unlikely to command a share of premiums of more than 7% in the total market with those outside of the top 15 together accounting for up to 65.5% of it Affinity schemes with professional associations An affinity program for professional liability cover has been put in place by several associations No broker holds more than one scheme partnership at a nationwide level Market value forecast Premiums in this market are on track to be worth around USD 745 million by FINACCORD (08/2016) vii

8 LIST OF GRAPHICS / TABLES 0.0 EXECUTIVE SUMMARY... 1 Number of enterprises and individuals eligible for professional indemnity insurance for architects and engineers segmented by country and between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers segmented by country and between the architecture, D&B, engineering and surveying categories, 2011, 2015 and 2019 (forecast) INTRODUCTION... 4 Professional associations surveyed segmented by category, country and member type GLOBAL OVERVIEW Number of enterprises and individuals eligible for professional indemnity insurance for architects and engineers segmented by country, 2011 and Number of enterprises and individuals eligible for professional indemnity insurance for architects and engineers segmented by country, 2011 and 2015 (table) Number of enterprises and individuals eligible for professional indemnity insurance segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of enterprises and individuals eligible for professional indemnity insurance segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers segmented by country, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers segmented by country, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Growth in number of insurable enterprises and gross written premiums for professional indemnity insurance for architects and engineers segmented by country, 2011 to Growth in number of insurable enterprises and gross written premiums for professional indemnity insurance for architects and engineers segmented by country, 2011 to 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers as a percentage of total professional indemnity insurance, segmented by country, Provision rates for affinity schemes established by professional associations for professional indemnity insurance for architects and engineers, segmented by country, Provision rates for affinity schemes established by professional associations for professional indemnity insurance for architects and engineers, segmented by country and between the architecture, D&B, engineering and surveying categories, Provision rates for affinity schemes established by professional associations for professional indemnity insurance for architects and engineers, segmented by country and between the architecture, D&B, engineering and surveying categories, 2016 (table) (table) Gross written premiums for professional indemnity insurance for architects and engineers, segmented by country, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance for architects and engineers, segmented by country, 2015 and 2019 (forecast) (table) Gross written premiums for professional indemnity insurance for architects and engineers, segmented between the architecture, D&B, engineering and surveying categories, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance for architects and engineers, segmented between the architecture, D&B, engineering and surveying categories, 2015 and 2019 (forecast) (table) 30 FINACCORD (08/2016) viii

9 Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the architecture category, segmented by country, 2011, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in architecture category, segmented by country, 2011, 2015 and 2019 (forecast) (table) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the D&B category, segmented by country, 2011, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the D&B category, segmented by country, 2011, 2015 and 2019 (forecast) (table) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the engineering category, segmented by country, 2011, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the engineering category, segmented by country, 2011, 2015 and 2019 (forecast) (table) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the surveying category, segmented by country, 2011, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance acquired by enterprises and individuals in the surveying category, segmented by country, 2011, 2015 and 2019 (forecast) (table) AUSTRALIA Number of insurable enterprises and individuals in Australia, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Australia, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Australia, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Australia, Estimated market shares of underwriters of professional indemnity insurance in Australia, Estimated market shares of underwriters of professional indemnity insurance in Australia, 2015 (table).. 45 professional associations in Australia: provision rate and operating models, professional associations in Australia: broker share of partnerships, professional associations in Australia: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Australia, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Australia, (forecast) (table) AUSTRIA Number of insurable enterprises and individuals in Austria, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Austria, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Austria, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Austria, Estimated market shares of underwriters of professional indemnity insurance in Austria, Estimated market shares of underwriters of professional indemnity insurance in Austria, 2015 (table) professional associations in Austria: provision rate and operating models, FINACCORD (08/2016) ix

10 professional associations in Austria: broker share of partnerships, professional associations in Austria: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Austria, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Austria, (forecast) (table) BELGIUM Number of insurable enterprises and individuals in Belgium, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Belgium, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Belgium, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Belgium, Estimated market shares of underwriters of professional indemnity insurance in Belgium, Estimated market shares of underwriters of professional indemnity insurance in Belgium, 2015 (table) professional associations in Belgium: provision rate and operating models, professional associations in Belgium: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Belgium, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Belgium, (forecast) (table) BRAZIL Number of insurable enterprises and individuals in Brazil, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Brazil, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Brazil, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Brazil, Estimated market shares of underwriters of professional indemnity insurance in Brazil, Estimated market shares of underwriters of professional indemnity insurance in Brazil, 2015 (table) professional associations in Brazil: provision rate and operating models, professional associations in Brazil: broker share of partnerships, professional associations in Brazil: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Brazil, (forecast) FINACCORD (08/2016) x

11 Gross written premiums for professional indemnity insurance for architects and engineers in Brazil, (forecast) (table) CANADA Number of insurable enterprises and individuals in Canada, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Canada, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Canada, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Canada, Estimated market shares of underwriters of professional indemnity insurance in Canada, Estimated market shares of underwriters of professional indemnity insurance in Canada, 2015 (table) professional associations in Canada: provision rate and operating models, professional associations in Canada: broker share of partnerships, professional associations in Canada: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Canada, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Canada, (forecast) (table) FRANCE Number of insurable enterprises and individuals in France, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in France, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in France, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in France, Estimated market shares of underwriters of professional indemnity insurance in France, Estimated market shares of underwriters of professional indemnity insurance in France, 2015 (table) professional associations in France: provision rate and operating models, professional associations in France: broker share of partnerships, professional associations in France: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in France, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in France, (forecast) (table) GERMANY Number of insurable enterprises and individuals in Germany, segmented between the architecture, D&B, engineering and surveying categories, 2011 and FINACCORD (08/2016) xi

12 Number of insurable enterprises and individuals in Germany, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Germany, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Germany, Estimated market shares of underwriters of professional indemnity insurance in Germany, Estimated market shares of underwriters of professional indemnity insurance in Germany, 2015 (table) professional associations in Germany: provision rate and operating models, professional associations in Germany: broker share of partnerships, professional associations in Germany: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Germany, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Germany, (forecast) (table) INDIA Number of insurable enterprises and individuals in India, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in India, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in India, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in India, Estimated market shares of underwriters of professional indemnity insurance in India, Estimated market shares of underwriters of professional indemnity insurance in India, 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in India, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in India, (forecast) (table) IRELAND Number of insurable enterprises and individuals in Ireland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Ireland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Ireland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Ireland, Estimated market shares of underwriters of professional indemnity insurance in Ireland, Estimated market shares of underwriters of professional indemnity insurance in Ireland, 2015 (table) professional associations in Ireland: provision rate and operating models, FINACCORD (08/2016) xii

13 professional associations in Ireland: broker share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Ireland, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Ireland, (forecast) (table) ITALY Number of insurable enterprises and individuals in Italy, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Italy, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Italy, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Italy, Estimated market shares of underwriters of professional indemnity insurance in Italy, Estimated market shares of underwriters of professional indemnity insurance in Italy, 2015 (table) professional associations in Italy: provision rate and operating models, professional associations in Italy: broker share of partnerships, professional associations in Italy: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Italy, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Italy, (forecast) (table) JAPAN Number of insurable enterprises and individuals in Japan, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Japan, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Japan, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Japan, Estimated market shares of underwriters of professional indemnity insurance in Japan, Estimated market shares of underwriters of professional indemnity insurance in Japan, 2015 (table) professional associations in Japan: provision rate and operating models, professional associations in Japan: broker / agent share of partnerships, professional associations in Japan: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Japan, (forecast) FINACCORD (08/2016) xiii

14 Gross written premiums for professional indemnity insurance for architects and engineers in Japan, (forecast) (table) MEXICO Number of insurable enterprises and individuals in Mexico, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Mexico, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Mexico, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Mexico, Estimated market shares of underwriters of professional indemnity insurance in Mexico, Estimated market shares of underwriters of professional indemnity insurance in Mexico, 2015 (table) professional associations in Mexico: provision rate and operating models, professional associations in Mexico: broker share of partnerships, professional associations in Mexico: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Mexico, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Mexico, (forecast) (table) NETHERLANDS Number of insurable enterprises and individuals in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Estimated market shares of underwriters of professional indemnity insurance in the Netherlands, Estimated market shares of underwriters of professional indemnity insurance in the Netherlands, 2015 (table) professional associations in the Netherlands: provision rate and operating models, professional associations in the Netherlands: broker share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2015 and 2019 (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in the Netherlands, segmented between the architecture, D&B, engineering and surveying categories, 2015 and 2019 (forecast) (table) POLAND Number of insurable enterprises and individuals in Poland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and FINACCORD (08/2016) xiv

15 Number of insurable enterprises and individuals in Poland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Poland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Poland, Estimated market shares of underwriters of professional indemnity insurance in Poland, Estimated market shares of underwriters of professional indemnity insurance in Poland, 2015 (table) professional associations in Poland: provision rate and operating models, professional associations in Poland: broker share of partnerships, professional associations in Poland: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Poland, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Poland, (forecast) (table) SOUTH AFRICA Number of insurable enterprises and individuals in South Africa, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in South Africa, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in South Africa, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in South Africa, Estimated market shares of underwriters of professional indemnity insurance in South Africa, Estimated market shares of underwriters of professional indemnity insurance in South Africa, 2015 (table) professional associations in South Africa: provision rate and operating models, professional associations in South Africa: broker share of partnerships, professional associations in South Africa: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in South Africa, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in South Africa, (forecast) (table) SPAIN Number of insurable enterprises and individuals in Spain, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Spain, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Spain, segmented between the architecture, D&B, engineering and surveying categories, 2011 and FINACCORD (08/2016) xv

16 Gross written premiums for professional indemnity insurance for architects and engineers in Spain, Estimated market shares of underwriters of professional indemnity insurance in Spain, Estimated market shares of underwriters of professional indemnity insurance in Spain, 2015 (table) professional associations in Spain: provision rate and operating models, professional associations in Spain: broker share of partnerships, professional associations in Spain: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Spain, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Spain, (forecast) (table) SWEDEN Number of insurable enterprises and individuals in Sweden, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Sweden, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Sweden, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Sweden, Estimated market shares of underwriters of professional indemnity insurance in Sweden, Estimated market shares of underwriters of professional indemnity insurance in Sweden, 2015 (table). 204 professional associations in Sweden: provision rate and operating models, professional associations in Sweden: broker share of partnerships, professional associations in Sweden: underwriter share of partnerships, Gross written premiums for professional indemnity insurance for architects and engineers in Sweden, (forecast) Gross written premiums for professional indemnity insurance for architects and engineers in Sweden, (forecast) (table) SWITZERLAND Number of insurable enterprises and individuals in Switzerland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Number of insurable enterprises and individuals in Switzerland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and 2015 (table) Gross written premiums for professional indemnity insurance for architects and engineers in Switzerland, segmented between the architecture, D&B, engineering and surveying categories, 2011 and Gross written premiums for professional indemnity insurance for architects and engineers in Switzerland, Estimated market shares of underwriters of professional indemnity insurance in Switzerland, Estimated market shares of underwriters of professional indemnity insurance in Switzerland, 2015 (table) FINACCORD (08/2016) xvi