Dublin, Oct. 05, 2021 (GLOBE NEWSWIRE) -- The "Global Motor Insurance Market (2021 Edition) - Analysis by Product Type (Third Party Liability, Comprehensive, Others), End User (PV, CV), Distribution Channel, By Region, By Country: Market Insight, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering
The Global Motor Insurance Market was valued at USD 761.24 Billion in the year 2020
The report presents the analysis of global motor insurance market for the historical period of 2016-2020 and the forecast period of 2021-2026.
The mandatory requirement for a vehicle to be insured by various countries across the world, coupled with the estimated increased number of sales of new vehicles, is expected to drive the global motor insurance market during the forecast period.
Moreover, due to the availability of Motor Insurance online, buyers can get their vehicles insured from the comfort of their home or on the move. And with driving getting riskier, the need for Motor Insurance is expected to grow accordingly.
The Motor Insurance market is also gaining popularity due to the implementation of enhanced analytics tools to reduce fake claims. Insurance companies are using improved tools like big data analytics and geospatial analytics to reduce losses caused by fraud claims.
Other contributing factors to motor insurance market comprise growing costs of vehicle repairs, the high cost of claims and unsafe driving practices due to which there may not be any decline in growth for the Motor Insurance industry in the future.
Due to the global outbreak of COVID-19, motor insurance has been worst impacted due to the low sale of automobile vehicles. Although the sector is able to hold itself in the digital space, it remains the most affected as far as the overall motor insurance business is concerned.
The worst impact of the pandemic has been on the dealers and offline insurers as there is no purchase and selling of vehicles taking place in lieu of the lockdown.
In the recent times, new developments in existing motor policies such as pay-as-you-drive, usage-based insurance, or telematics insurance are getting popularity to improve the claim processes and to deal with unprecedented circumstances.
The report tracks competitive developments, strategies, and new product development.
The companies analysed in the report include
- All State Insurance
- AXA SA
- Zurich Insurance
- Progressive Corporation
- Hartford
- Hanover Insurance Group Inc
- RSA Insurance Group
- Assicurazioni Generali
- American International Group
- Allianz SE
Key Topics Covered:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Motor Insurance Market: Product Overview
4. Global Motor Insurance Market: An Analysis
4.1 Market Size, By Value, Year 2016-2026
4.2 Impact of COVID-19 on Motor Insurance Market
4.3 Global Motor Insurance Market: Growth & Forecast
5. Global Motor Insurance Market Segmentation, By Product Type (Value)
5.1 Global Motor Insurance Market: Segment Analysis
5.2 Competitive Scenario of Motor Insurance Market: By Product Type (2020 & 2026)
5.3 By Third Party Liability- Market Size and Forecast (2016-2026)
5.4 By Comprehensive- Market Size and Forecast (2016-2026)
5.5 By Others- Market Size and Forecast (2016-2026)
6. Global Motor Insurance Market Segmentation, By End User (Value)
6.1 Global Motor Insurance Market: Segment Analysis
6.2 Competitive Scenario of Global Motor Insurance Market: By End User (2020 & 2026)
6.3 By Personal- Market Size and Forecast (2016-2026)
6.4 By Commercial- Market Size and Forecast (2016-2026)
7. Global Motor Insurance Market Segmentation, By Distribution Channel (Value)
7.1 Global Motor Insurance Market: Segment Analysis
7.2 Competitive Scenario of Global Motor Insurance Market: By Distribution Channel (2020 & 2026)
7.3 By Online- Market Size and Forecast (2016-2026)
7.4 By Offline- Market Size and Forecast (2016-2026)
8. Global Motor Insurance Market: Regional Analysis
8.1 Competitive Scenario of Global Motor Insurance Market: By Region (2020 & 2026)
9. Americas Motor Insurance Market: An Analysis (2016-2026)
9.1 Americas Motor Insurance Market by value: Size and Forecast (2016-2026)
9.2 Americas Motor Insurance Market: Prominent Companies
9.3 Market Segmentation By Product Type (Third Party Liability, Comprehensive and Others)
9.4 Market Segmentation By End User (Personal and Commercial)
9.5 Market Segmentation By Distribution Channel (Online and Offline)
9.6 Americas Motor Insurance Market: Country Analysis
9.7 Market Opportunity Chart of Americas Motor Insurance Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of Americas Motor Insurance Market- By Country (2020 & 2026)
9.9 United States Motor Insurance Market by value: Size and Forecast (2016-2026)
9.10 United States Motor Insurance Market Segmentation By Product Type, By End User, By Distribution Channel (2016-2026)
9.11 Canada Motor Insurance Market: Size and Forecast (2016-2026)
9.12 Canada Motor Insurance Market Segmentation By Product Type, By End User, By Distribution Channel (2016-2026)
9.13 Brazil Motor Insurance Market: Size and Forecast (2016-2026)
9.14 Brazil Motor Insurance Market Segmentation By Product Type, By End User, By Distribution Channel (2016-2026)
10. Europe Motor Insurance Market: An Analysis (2016-2026)
11. Asia Pacific Motor Insurance Market: An Analysis (2016-2026)
12. Global Motor Insurance Market Dynamics
12.1 Global Motor Insurance Market Drivers
12.2 Global Motor Insurance Market Restraints
12.3 Global Motor Insurance Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global Motor Insurance Market - By Product Type (Year 2026)
13.2 Market Attractiveness Chart of Global Motor Insurance Market - By End User (Year 2026)
13.3 Market Attractiveness Chart of Global Motor Insurance Market - By Distribution Channel (Year 2026)
13.3 Market Attractiveness Chart of Global Motor Insurance Market - By Region (Year 2026)
14. Competitive Landscape
14.1 Top 10 United States Writers of Private Passenger Auto Insurance By Direct Premiums Written
14.2 Top 10 United States Writers of Commercial Auto Insurance By Direct Premiums Written
14.3 SWOT Analysis- Global Motor Insurance Market
15. Global Motor Insurance Market: Merger & Acquisitions
16. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/vf33cn
