Scope of the Study
Motor Insurance is important which provide you financial protection against physical injuries and motor damage, also it provides third party insurance. In which if the third person gets injured then the person also get the financial support. In motor insurance, you can get half of the amount of total loss. It is one of the most important documents for the motor user.
The market study is being classified, by Application (Commercial Car and Personal Car) and major geographies with country level break-up.
Allianz (Germany), AXA (France), Ping An (China), Assicurazioni Generali (Italy), China Life Insurance (China), Metlife (United States), Nippon Life Insurance (China), Munich Reinsurance (Germany), State Farm Insurance (United States) and Zurich Insurance (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Aetna (United States), MS&AD (Japan), HSBC (United Kingdom), Old Mutual (South Africa), Samsung (South Korea), Aegon (Netherlands) and Sumitomo (Japan).
Research Analyst at AMA predicts that China Players will contribute to the maximum growth of Global Motor Insurance market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Motor Insurance market by Type, Application and Region.
On the basis of geography, the market of Motor 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). If we see Market by Premium Type, the sub-segment i.e. Personal Insurance Premium will boost the Motor Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Motor Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Number of Sales of New Vehicles
- Increasing Urbanization across the World
- Increasing Disposable Income among Population Worldwide
- Usage-based Insurance (Like Pay-Per-Mile, Pay-As-You-Drive, or Pay-As-You-Go)
- Availability of Autonomous Vehicles
- Automobile Manufacturers are Focusing on Maintaining Their Position by Providing Value-Added Services, such as Providing Financial Support and Insurances
- Availability of Different Substitutes in the Market
Key Target AudiencePotential Investors, Up and Down Stream Vendors, Insurance Companies, Automobiles Industries, Suppliers and Distributors and Others
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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**
** Confirmation on availability of data would be informed prior purchase