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Market Research Report

Global Motor Vehicle Insurance Market 2016-2020

Published by TechNavio (Infiniti Research Ltd.) Product code 359336
Published Content info 55 Pages
Delivery time: 1-2 business days
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Global Motor Vehicle Insurance Market 2016-2020
Published: May 27, 2016 Content info: 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.

Technavio's 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
  • People's 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 analyst's time when you purchase this market report. Details are provided within the report.

Table of Contents
Product Code: IRTNTR8317

Table of Contents

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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