Banking, Financial Services & Insurance

Global Motor Vehicle Insurance Market 2016-2020

  • TEC590239
  • 55 Pages
  • May 2016
  • Banking, Financial Services & Insurance
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.

Please Select Format

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

Global Mobile Banking Market - Size, Share, Trends and Forecast 2012 - 2020

Mobile banking is a system developed by financial institutions that allow the customers to conduct certain financial transactions through their mobile. At present, there are approx. 53 million active users ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Prepaid credit card Market - Size, share, Trends and Forecast 2012 - 2020

Prepaid credit cards though termed so, are not exactly credit cards, as they provide no credit to the cardholder. The card allows the customers to spend money that they have ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Automated Teller Machine ATM Market - Size, Share, Trends and Forecast 2012 - 2020

Automatic teller machine (ATM) is a telecommunication device enabling the customers (clients of financial institutes) to perform financial transactions without the need of human cashiers or bank tellers. Though ATMs ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Remote deposit capture Market - Size, Share, Trends and Forecast 2012 - 2020

Remote Deposit Capture, also known as Corporate Capture, Merchant Capture, Image Deposits, etc., is a non-physical check deposit service provided by banks. This technology is at its developing phase. The ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Online banking Market - Size, Share, Trends and Forecast 2012 - 2020

Online banking or internet banking is a service provided by retail bank, virtual bank (neo banks) or credit unions. Online banking provides the customers with a secure website through which ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Predictive Analytics in Banking Market - Size, Share, Trends and Forecast 2012 - 2020

Data mining is a thing of the past; today, business entities need real-time access to customer and business related information, in order to take early and better decision. Predictive analytics ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

2017 © Copyright Big Market Research

View Pricing >>