What is Home Emergency Insurance and Home Services Market Scope?
Home emergency insurance and home services is a type of insurance that covers the cost of calling out a tradesman due to a sudden incident like the boiler breaking down or pipes bursting. It is specially designed to make the home safe and it only covers immediate repairs and labor costs. The home services cover the cost of an emergency repair. With the use of home emergency insurance and home services, people can easily get emergency repairs to make their property safe.
The Home Emergency Insurance and Home Services market study is being classified by Type (Home Insurance and Home Service), by Application (Roof, Electrics, Boiler and central heating, Plumbing and drainage and Others) and major geographies with country level break-up.
Global Home Emergency Insurance and Home Services is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
SES Home Services (United Kingdom), Direct Line (United Kingdom), Saga (United Kingdom), AXA (France), Tesco Bank (United Kingdom), Admiral (United Kingdom), Max Bupa (India), Aviva (United Kingdom), Legal & General (United Kingdom) and Halifax (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nationwide (United States), Churchill (United Kingdom) and NFU Mutual (United Kingdom).
Analyst at AMA have segmented the market study of Global Home Emergency Insurance and Home Services market by Type, Application and Region.
On the basis of geography, the market of Home Emergency Insurance and Home Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Market Influencers and their development strategies
On 16th July 2020, Direct Line has acquired the London-based start-up that specializes in flexible, personalized insurance products for the digital generation. The acquisition helps to accelerate its transformation.
According to Regulations of the Government of the United Kingdom on Home Services, "Home servants must handle information as openly as possible within the legal framework.
Influencing Market Trend
- Government Spending on the Home Services
- Increasing Peoples Preference towards Home Insurance
- Increasing Application of Home Emergency Insurance and Home Services in Property and Casualty Sector
- Growing Need for the Home Insurance Policies
- Increasing Demand for Home Services will create Opportunities for Home Emergency Insurance and Home Services Market Growth
- High Rate for the First Visit of Home Services
- Rising Number of Fraud Activities in Insurance Policies
- Stringent Regulations Regarding the Applications of Home Emergency Insurance and Home Services
Key Target AudienceHome Emergency Insurance and Home Services Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Home Emergency Insurance and Home Services market expands?
The Global Home Emergency Insurance and Home Services market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Home Emergency Insurance and Home Services market?
The prominent players of Global Home Emergency Insurance and Home Services market are SES Home Services (United Kingdom), Direct Line (United Kingdom), Saga (United Kingdom), AXA (France), Tesco Bank (United Kingdom), Admiral (United Kingdom), Max Bupa (India), Aviva (United Kingdom), Legal & General (United Kingdom) and Halifax (United Kingdom), to name a few.
3. What are the top priorities to focus for Home Emergency Insurance and Home Services market’s growth?
In this highly competitive & fast evolving Home Emergency Insurance and Home Services industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.