Global motor insurance market will reach USD 1,009.6 million by 2027, growing by 5.5% annually over 2020-2027 owing to the mandatory requirement for vehicle insurance in various countries, the increased number of sales of new vehicles, the growing urbanization, and the rising disposable income among the middle income population.
Highlighted with 80 tables and 70 figures, this 146-page report Global Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel (Brokers & Agency, Financial Institutes, Direct Sales, Others), and Region: Trend Outlook and Growth Opportunity is based on a comprehensive research of the entire global motor insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.)
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global motor insurance market in every aspect of the classification from perspectives of Policy Type, Premium Type, Distribution Channel, and Region.
Based on Policy Type, the global market is segmented into the following sub-markets with annual revenue (USD mn) for 2017-2027 included in each section.
Liability Insurance
Comprehensive Coverage
Collision Coverage
Personal Injury Protection
Based on Premium Type, the global market is segmented into the following sub-markets with annual revenue (USD mn) for 2017-2027 included in each section.
Personal Insurance Premiums
Commercial Insurance Premiums
Based on Distribution Channel, the global market is segmented into the following sub-markets with annual revenue (USD mn) for 2017-2027 included in each section.
Brokers & Agency
Financial Institutes
Direct Sales
Other Distribution Channels
For each aforementioned region and country, detailed analysis and data for annual revenue (USD mn) are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Policy Type, Premium Type, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
For More Information, click on the link below:-
Global Motor Insurance Market Research Report
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