European PI insurance GWP could top €7bn

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The professional indemnity insurance market across Europe could be worth up to €7bn (£6.1bn) by 2014, new research has revealed.

According to the study, compiled by Finaccord, gross written premiums for the cover reached €5.8bn in 2010, up from €5.2bn in 2006.

The study, covers ten major European countries; Belgium, France

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