The motor insurance industry is on the brink of dramatic changes. The private motor insurance is a critical product and a prominent revenue for P&C insurers. Although advanced economies are showing signs of recovery, motor insurance premiums will remain under pressure, not least from disruptive technologies, which drive changes in motor vehicle safety and impact both loss frequency and severity at the same time.
The "Global Private Motor Insurance Market Analysis to 2027" is a specialized and in-depth study of the Private Motor Insurance industry with a special focus on the global market trend analysis. The report aims to provide an overview of Private Motor Insurance market with detailed market segmentation by type, application, end user and geography. The global Private Motor Insurance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Private Motor Insurance market players and offers key trends and opportunities in the market.
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Top Key Players: Admiral Group PLC, Allianz SE, Aviva, AXA, Esure Service Limited, First Central Insurance Management Ltd, Hastings Insurance Services Limited, Saga Group, Swinton Group Limited, Tesco Personal Finance PLC
The influence on motor insurance in the coming years is expected to grow as the cars continue to evolve with emergence of technological automation, from restricted and partial automation to completely automated functionality. The growth in vehicle connectivity, ADAS technology are expected to generate new business opportunity for the insurance providers.
The global Private Motor Insurance market is segmented on the basis of vehicle type, end user, and insurance sales channel. Based vehicle type, the market is segmented as two and three wheeler, four wheeler, and heavy vehicles. On the basis of the end-user the market is segmented as Individuals, and Enterprise. The market on the basis of the insurance service channel is classified as direct, and indirect.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Private Motor Insurance market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Private Motor Insurance market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Private Motor Insurance Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Private Motor Insurance Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.