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Global Motor Insurance Market 2020-2027 by Policy Type, Premium Type, Distribution Channel, and Region: Trend Outlook and Growth Opportunity

  • ID: 5415988
  • Report
  • August 2021
  • Region: Global
  • 146 Pages
  • GMD Research

FEATURED COMPANIES

  • Allianz SE
  • Allstate Corporation
  • Assicurazioni Generali
  • Aviva Plc
  • Berkshire Hathaway Inc
  • Chubb Ltd.
The Global motor insurance market will reach $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.

Report Scope


Based on Policy Type, the global market is segmented into the following sub-markets with annual revenue ($ 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 ($ 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 ($ mn) for 2017-2027 included in each section.

  • Brokers & Agency
  • Financial Institutes
  • Direct Sales
  • Other Distribution Channels

Geographically, the following regions together with the listed national/local markets are fully investigated:

  • North America (U.S. Canada, and Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
  • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
  • South America (Brazil, Colombia, Argentina, Rest of South America)
  • MEA (Egypt, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ 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.

Key Players (this may not be a complete list and extra companies can be added upon request):

  • Allianz SE
  • Allstate Corporation
  • Assicurazioni Generali
  • Aviva PLC
  • Berkshire Hathaway Inc
  • Chubb Ltd.
  • GEICO
  • ICICI Lombard General Insurance Co. Ltd.
  • Liberty Mutual Insurance
  • Nationwide Mutual Insurance
  • People's Insurance Company of China Ltd. (PICC)
  • Ping An Insurance (Group) Co. of China Ltd.
  • Porto Seguro S.A
  • Samsung Fire and Marine Insurance Co. Ltd.
  • Sompo Holdings Inc
  • State Farm Mutual Automobile Insurance Company
  • Zurich Insurance Group AG

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Frequently Asked Questions about the Global Motor Insurance Market

What is the estimated value of the Global Motor Insurance Market?

The Global Motor Insurance Market was estimated to be valued at $692.0 Million in 2020.

What is the growth rate of the Global Motor Insurance Market?

The growth rate of the Global Motor Insurance Market is 5.5%, with an estimated value of $1009.6 Million by 2027.

What is the forecasted size of the Global Motor Insurance Market?

The Global Motor Insurance Market is estimated to be worth $1009.6 Million by 2027.

Who are the key companies in the Global Motor Insurance Market?

Key companies in the Global Motor Insurance Market include Allianz SE, Allstate Corporation, Assicurazioni Generali, Aviva Plc, Berkshire Hathaway Inc, Chubb Ltd., GEICO, ICICI Lombard General Insurance Co. Ltd. and Nationwide Mutual Insurance.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allianz SE
  • Allstate Corporation
  • Assicurazioni Generali
  • Aviva Plc
  • Berkshire Hathaway Inc
  • Chubb Ltd.

1 Introduction
1.1 Industry Definition and Research Scope
1.1.1 Industry Definition
1.1.2 Research Scope
1.2 Research Methodology
1.2.1 Overview of Market Research Methodology
1.2.2 Market Assumption
1.2.3 Secondary Data
1.2.4 Primary Data
1.2.5 Data Filtration and Model Design
1.2.6 Market Size/Share Estimation
1.2.7 Research Limitations
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.1.1 Impact of COVID-19 on World Economy
2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis
3 Segmentation of Global Market by Policy Type
3.1 Market Overview by Policy Type
3.2 Liability Insurance
3.3 Comprehensive Coverage
3.4 Collision Coverage
3.5 Personal Injury Protection
4 Segmentation of Global Market by Premium Type
4.1 Market Overview by Premium Type
4.2 Personal Insurance Premiums
4.3 Commercial Insurance Premiums
5 Segmentation of Global Market by Distribution Channel
5.1 Market Overview by Distribution Channel
5.2 Brokers & Agency
5.3 Financial Institutes
5.4 Direct Sales
5.5 Other Distribution Channels
6 Segmentation of Global Market by Region
6.1 Geographic Market Overview 2020-2027
6.2 North America Market 2020-2027 by Country
6.2.1 Overview of North America Market
6.2.2 U.S.
6.2.3 Canada
6.2.4 Mexico
6.3 European Market 2020-2027 by Country
6.3.1 Overview of European Market
6.3.2 UK
6.3.3 France
6.3.4 Germany
6.3.5 Spain
6.3.6 Italy
6.3.7 Russia
6.3.8 Rest of European Market
6.4 Asia-Pacific Market 2020-2027 by Country
6.4.1 Overview of Asia-Pacific Market
6.4.2 China
6.4.3 Japan
6.4.4 India
6.4.5 Australia
6.4.6 South Korea
6.4.7 Rest of APAC Region
6.5 South America Market 2020-2027 by Country
6.5.1 Argentina
6.5.2 Brazil
6.5.3 Colombia
6.5.4 Rest of South America Market
6.6 MEA Market 2020-2027 by Country
6.6.1 Egypt
6.6.2 Saudi Arabia
6.6.3 South Africa
6.6.4 Other National Markets
7 Competitive Landscape
7.1 Overview of Key Vendors
7.2 New Product Launch, Partnership, Investment, and M&A
7.3 Company Profiles
  • Allianz SE
  • Allstate Corporation
  • Assicurazioni Generali
  • Aviva PLC
  • Berkshire Hathaway Inc
  • Chubb Ltd.
  • GEICO
  • ICICI Lombard General Insurance Co. Ltd.
  • Liberty Mutual Insurance
  • Nationwide Mutual Insurance
  • People's Insurance Company of China Ltd. (PICC)
  • Ping An Insurance (Group) Co. of China Ltd.
  • Porto Seguro S.A
  • Samsung Fire and Marine Insurance Co. Ltd.
  • Sompo Holdings Inc
  • State Farm Mutual Automobile Insurance Company
  • Zurich Insurance Group AG

List of Tables:
Table 1. Snapshot of Global Motor Insurance Market in Balanced Perspective, 2020-2027
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. Main Product Trends and Market Opportunities in Global Motor Insurance Market
Table 4. Global Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 5. Global Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 6. Global Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 7. Global Motor Insurance Market by Region, 2017-2027, $ mn
Table 8. Leading National Motor Insurance Market, 2020 and 2027, $ mn
Table 9. North America Motor Insurance Market by Country, 2017-2027, $ mn
Table 10. U.S. Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 11. U.S. Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 12. U.S. Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 13. Canada Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 14. Canada Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 15. Canada Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 16. Leading Private Property and Casualty Insurance Companies in Canada, 2018, by % of Revenue
Table 17. Mexico Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 18. Mexico Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 19. Mexico Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 20. Europe Motor Insurance Market by Country, 2017-2027, $ mn
Table 21. UK Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 22. UK Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 23. UK Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 24. France Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 25. France Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 26. France Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 27. Germany Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 28. Germany Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 29. Germany Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 30. Spain Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 31. Spain Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 32. Spain Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 33. Italy Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 34. Italy Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 35. Italy Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 36. Russia Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 37. Russia Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 38. Russia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 39. Motor Insurance Market in Rest of Europe by Country, 2017-2027, $ mn
Table 40. APAC Motor Insurance Market by Country, 2017-2027, $ mn
Table 41. China Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 42. China Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 43. China Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 44. Japan Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 45. Japan Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 46. Japan Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 47. India Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 48. India Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 49. India Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 50. Australia Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 51. Australia Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 52. Australia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 53. South Korea Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 54. South Korea Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 55. South Korea Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 56. Motor Insurance Market in Rest of APAC by Country/Region, 2017-2027, $ mn
Table 57. South America Motor Insurance Market by Country, 2017-2027, $ mn
Table 58. Argentina Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 59. Argentina Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 60. Argentina Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 61. Brazil Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 62. Brazil Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 63. Brazil Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 64. Colombia Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 65. Colombia Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 66. Colombia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 67. MEA Motor Insurance Market by Country, 2017-2027, $ mn
Table 68. Egypt Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 69. Egypt Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 70. Egypt Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 71. Saudi Arabia Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 72. Saudi Arabia Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 73. Saudi Arabia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 74. South Africa Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 75. South Africa Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 76. South Africa Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 77. Allianz SE: Company Snapshot
Table 78. Allianz SE: Business Segmentation
Table 79. Allianz SE: Product Portfolio
Table 80. Allianz SE: Revenue, 2018-2020, $ mn
List of Figures:
Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027
Figure 4. Global Motor Insurance Market, 2017-2027, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Motor Insurance Market
Figure 7. World Vehicle Production by Car Type, 2019-2030, million units
Figure 8. Capital Invested in Insurance Tech Companies Worldwide, 2017-2020, $ billion
Figure 9. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 10. Primary Restraints and Impact Factors of Global Motor Insurance Market
Figure 11. Investment Opportunity Analysis
Figure 12. Porter’s Fiver Forces Analysis of Global Motor Insurance Market
Figure 13. Breakdown of Global Motor Insurance Market by Policy Type, 2020-2027, % of Revenue
Figure 14. Contribution to Global 2021-2027 Cumulative Market by Policy Type, Value ($ mn) and Share (%)
Figure 15. Global Motor Insurance Market: Liability Insurance, 2017-2027, $ mn
Figure 16. Global Motor Insurance Market: Comprehensive Coverage, 2017-2027, $ mn
Figure 17. Global Motor Insurance Market: Collision Coverage, 2017-2027, $ mn
Figure 18. Global Motor Insurance Market: Personal Injury Protection, 2017-2027, $ mn
Figure 19. Breakdown of Global Motor Insurance Market by Premium Type, 2020-2027, % of Revenue
Figure 20. Contribution to Global 2021-2027 Cumulative Market by Premium Type, Value ($ mn) and Share (%)
Figure 21. Global Motor Insurance Market: Personal Insurance Premiums, 2017-2027, $ mn
Figure 22. Global Motor Insurance Market: Commercial Insurance Premiums, 2017-2027, $ mn
Figure 23. Breakdown of Global Motor Insurance Market by Distribution Channel, 2020-2027, % of Revenue
Figure 24. Contribution to Global 2021-2027 Cumulative Market by Distribution Channel, Value ($ mn) and Share (%)
Figure 25. Global Motor Insurance Market: Brokers & Agency, 2017-2027, $ mn
Figure 26. Global Motor Insurance Market: Financial Institutes, 2017-2027, $ mn
Figure 27. Global Motor Insurance Market: Direct Sales, 2017-2027, $ mn
Figure 28. Global Motor Insurance Market: Other Distribution Channels, 2017-2027, $ mn
Figure 29. Global Market Snapshot by Region
Figure 30. Geographic Spread of Worldwide Motor Insurance Market, 2020-2027, % of Revenue
Figure 31. Contribution to Global 2021-2027 Cumulative Market by Region, Value ($ mn) and Share (%)
Figure 32. North American Motor Insurance Market, 2017-2027, $ mn
Figure 33. Breakdown of North America Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 34. Contribution to North America 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 35. U.S. Motor Insurance Market, 2017-2027, $ mn
Figure 36. Canada Motor Insurance Market, 2017-2027, $ mn
Figure 37. Motor Insurance Market in Mexico, 2017-2027, $ mn
Figure 38. European Motor Insurance Market, 2017-2027, $ mn
Figure 39. Breakdown of European Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 40. Contribution to Europe 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 41. Motor Insurance Market in UK, 2017-2027, $ mn
Figure 42. Motor Insurance Market in France, 2017-2027, $ mn
Figure 43. Motor Insurance Market in Germany, 2017-2027, $ mn
Figure 44. Motor Insurance Market in Spain, 2017-2027, $ mn
Figure 45. Motor Insurance Market in Italy, 2017-2027, $ mn
Figure 46. Motor Insurance Market in Russia, 2017-2027, $ mn
Figure 47. Motor Insurance Market in Rest of Europe, 2017-2027, $ mn
Figure 48. Asia-Pacific Motor Insurance Market, 2017-2027, $ mn
Figure 49. Breakdown of APAC Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 50. Contribution to APAC 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 51. Motor Insurance Market in China, 2017-2027, $ mn
Figure 52. Motor Insurance Market in Japan, 2017-2027, $ mn
Figure 53. Motor Insurance Market in India, 2017-2027, $ mn
Figure 54. Motor Insurance Market in Australia, 2017-2027, $ mn
Figure 55. Motor Insurance Market in South Korea, 2017-2027, $ mn
Figure 56. Motor Insurance Market in Rest of APAC, 2017-2027, $ mn
Figure 57. South America Motor Insurance Market, 2017-2027, $ mn
Figure 58. Breakdown of South America Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 59. Contribution to South America 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 60. Motor Insurance Market in Argentina, 2017-2027, $ mn
Figure 61. Motor Insurance Market in Brazil, 2017-2027, $ mn
Figure 62. Motor Insurance Market in Colombia, 2017-2027, $ mn
Figure 63. Motor Insurance Market in Rest of South America, 2017-2027, $ mn
Figure 64. Motor Insurance Market in Middle East and Africa (MEA), 2017-2027, $ mn
Figure 65. Breakdown of MEA Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 66. Contribution to MEA 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 67. Motor Insurance Market in Egypt, 2017-2027, $ mn
Figure 68. Motor Insurance Market in Saudi Arabia, 2017-2027, $ mn
Figure 69. Motor Insurance Market in South Africa, 2017-2027, $ mn
Figure 70. Growth Stage of Global Motor Insurance Industry over the Forecast Period
Note: Product cover images may vary from those shown
  • Allianz SE
  • Allstate Corporation
  • Assicurazioni Generali
  • Aviva Plc
  • Berkshire Hathaway Inc
  • Chubb Ltd.
  • GEICO
  • ICICI Lombard General Insurance Co. Ltd.
  • Liberty Mutual Insurance
  • Nationwide Mutual Insurance
  • People's Insurance Company of China Ltd. (PICC)
  • Ping An Insurance (Group) Co. of China Ltd.
  • Porto Seguro S.A
  • Samsung Fire and Marine Insurance Co. Ltd.
  • Sompo Holdings Inc
  • State Farm Mutual Automobile Insurance Company
  • Zurich Insurance Group AG
Note: Product cover images may vary from those shown

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