Scope of the Study
Auto insurance is the insurance that covers the loss or damage caused to the automobile or its parts due to natural and man-made calamities. This insurance provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. Many countries mandate that all vehicle owners purchase a minimum amount of auto insurance, but many people purchase additional insurance to protect themselves further. The auto insurance expenditure is an expenditure that a consumer spends on insurance for the vehicle. In the United States, countrywide average auto insurance expenditure rose 6.4 percent in 2017 from 2016 according to the National Association of Insurance Commissioners.
The market study is being classified and major geographies with country level break-up.
Allianz SE (Germany), AXA (France), Assicurazioni Generali S.p.A. (Italy), The Allstate Corporation (United States), American International Group, Inc. (United States), Berkshire Hathaway Homestate Companies (United States), Zurich Insurance Group Ltd. (Switzerland), Munich Re (Germany), Prudential plc (United Kingdom) and China Life Insurance Group (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Auto Insurance Expenditure market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Auto Insurance Expenditure market by Type, Application and Region.
On the basis of geography, the market of Auto Insurance Expenditure 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.
- Rise in the Automobile Sales
- Increased Per Capita Income of People
- Increased Awareness among Consumers about Auto Insurance Benefits
- Rise in On-demand Car Services
- Growth in the Automobile Industry
- Increased Road Accidents Worldwide
- Increased Market Fragmentation
Market Leaders and their expansionary development strategies
In January 2018, AXA XL announced that it has merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018.
Key Target AudienceAuto Insurance Providers, Distributors, Emerging Companies, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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