What is Learner Driver Insurance Market?
Learner driver insurance offers the short-term coverage for the provisional license holders. It is offered to the individuals who want to learn driving with someone they know. The insurance lasts up to 90 days and is available for different duration. It also works in addition to any cover in place already in car and fully comprehensive. The learner driver insurance covers flexible duration, loss, or damage, new car replacement, legal liability and others. These benefits are increasing the demand which is fuelling the market growth.
The market study is being classified and major geographies with country level break-up.
AXA (France), Allstate Insurance (United States), Berkshire Hathaway (United States), Allianz (Germany), AIG (United States), Generali (Italy), State Farm Insurance (United States), Munich Reinsurance (Germany), Metlife (United States) and Nippon Life Insurance (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ping An (China) and China Life Insurance (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Learner Driver Insurance market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Learner Driver Insurance market by Type, Application and Region.
On the basis of geography, the market of Learner Driver Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Risks Involved While Training is Fuelling the Market Growth
- Increasing Preference of Learning with Friend or Family’s Car
- High Costs Associated with the Learner Driver Insurance
- Increasing Number of Accidental Cases Associated with Learner
- Rising Number of Sales Channels of Insurance
- Stiff Competition Among the Major Players
- Lack of Awareness About Learner Driver Insurance
Key Target AudienceInsurance provider, Banks, Government associations, Research organizations and Others
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