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Global Motor Vehicle Insurance Market 2016-2020

Published By :

Technavio

Published Date : May 2016

Category :

Banking

No. of Pages : 55 Pages

About the Motor Vehicle Insurance Market

Motor vehicle insurance policy is the guarantee of compensation provided to a policyholder, wherein the insurer will pay for the repair of accidental damages, theft, or fire (among others) to a third party's property or the insured vehicle.
At the end of 2014, the guaranteed asset protection (GAP) insurance was introduced. It is a supplementary cover taken along with the standard motor insurance policy. It includes certain types of losses that are not covered under the standard policy. For instance, if a person avails GAP insurance, then the insurer will pay the balance loan amount of the vehicle in case of theft or if the automobile is damaged badly. In September 2015, rules proposed by the Financial Conduct Authority (FCA) came into effect; these rules were designed to navigate issues arising from the sales of GAP insurance provided by the motor vehicle industry.

Technavios analysts forecast the global motor vehicle insurance market to grow at a CAGR of 5.91% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global motor vehicle insurance market for 2016-2020. To calculate the market size, the report considers two types of end users:
Personal insurance premiums
Commercial insurance premiums

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Motor Vehicle Insurance Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Allianz
AIG
Allstate Insurance
Berkshire Hathaway
Peoples Insurance Company of China
Ping An Insurance

Other prominent vendors
AXA
Munich Re
Zurich

Market driver
Mandate to buy insurance
For a full, detailed list, view our report

Market challenge
Fraudulent motor vehicle claims
For a full, detailed list, view our report

Market trend
Implementation of advanced analytics tools to reduce fraudulent claims
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by premium type
Global personal insurance premiums
Global commercial insurance premiums
PART 07: Geographical segmentation
Geographical segmentation
Americas
APAC
EMEA
PART 08: Key leading countries
Key leading countries in the Americas
Key leading countries in APAC
Key leading countries in EMEA
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Competitive landscape
Major company overview
Recent developments
Vendor matrix
Other prominent vendors
Key takeaways
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: FCA proposals
Exhibit 03: CMA investigation for private motor insurance
Exhibit 04: Motor vehicle insurance coverage
Exhibit 05: Types of policies
Exhibit 06: Global motor vehicle insurance market 2015-2020 ($ billions)
Exhibit 07: Five forces analysis
Exhibit 08: Product segmentation 2015
Exhibit 09: Personal insurance premium 2015-2020 ($ billions)
Exhibit 10: Commercial insurance premium 2015-2020 ($ billions)
Exhibit 11: Geographical segmentation 2015
Exhibit 12: Motor vehicle insurance market in the Americas 2015-2020 ($ billions)
Exhibit 13: Motor vehicle insurance market in APAC 2015-2020 ($ billions)
Exhibit 14: Geographical market shares in APAC 2015
Exhibit 15: Motor vehicle insurance market in EMEA 2015-2020 ($ billions)
Exhibit 16: Geographical market shares in EMEA 2015
Exhibit 17: Revenue contribution of key leading countries in the Americas 2015 ($ billions)
Exhibit 18: Revenue contribution of key leading countries in APAC in 2015 ($ billions)
Exhibit 19: Revenue contribution of key leading countries in EMEA in 2015 ($ billions)
Exhibit 20: lmpact of drivers
Exhibit 21: Challenges in vehicle safety equipment
Exhibit 22: Impact of drivers and challenges
Exhibit 23: Customer connectivity
Exhibit 24: Innovations in customer services
Exhibit 25: Product portfolio
Exhibit 26: Vendor matrix analysis 2015

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