Global Motor Insurance Market Report 2024

Motor Insurance Global Market Report 2025 – By Types (Treaty Reinsurance, Facultative Reinsurance), By Policy Type (Liability Insurance, Comprehensive Coverage, Collision Coverage, Personal Injury Protection), By Vehicle Age (New Vehicles, Old Vehicles), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) – Market Size, Trends, And Global Forecast 2025-2034

Motor Insurance Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Motor Insurance Market Definition

Motor insurance refers to an automotive insurance policy that covers vehicles against financial losses caused by accidents or physical damage. It is a contract whereby the insurer takes on the risk of any losses that the owner or driver of a car might have as a result of harm to people or property as a result of an accident.

The major types of motor insurance are treaty reinsurance and facultative reinsurance. Treaty reinsurance refers to insurance purchased from another insurer by an insurance company and IT usually includes an entire policy grouping or motor insurance package for automotive coverage. Major types of policies are Liability Insurance, comprehensive coverage, collision coverage, and personal injury protection. It used to protect both new and old vehicles, which includes various types of vehicles such as passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV).

Motor Insurance Market Segmentation

The motor insurance market covered in this report is segmented –

1) By Types: Treaty Reinsurance, Facultative Reinsurance

2) By Policy Type: Liability Insurance, Comprehensive Coverage, Collision Coverage, Personal Injury Protection

3) By Vehicle Age: New Vehicles, Old Vehicles

4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)

Subsegments:

1) By Treaty Reinsurance: Proportional Treaty Reinsurance, Non-Proportional Treaty Reinsurance

2) By Facultative Reinsurance: Individual Risk Facultative Reinsurance, Excess of Loss Facultative Reinsurance

Motor Insurance Market Size and growth rate 2025 to 2029: Graph

Motor Insurance Market Size 2025 And Growth Rate

The motor insurance market size has grown strongly in recent years. It will grow from $877.75 billion in 2024 to $960.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to vehicle ownership growth, regulatory mandates, urbanization and traffic density, risk mitigation and financial security, lending and financing requirements.

Motor Insurance Market Growth Forecast

The motor insurance market size is expected to see strong growth in the next few years. It will grow to $1390.63 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to technological integration in telematics, emergence of electric and autonomous vehicles, focus on environmental sustainability, data analytics and predictive modeling, shift towards on-demand and usage-based insurance. Major trends in the forecast period include focus on environmental sustainability, integration of biometric authentication for policy management, personalized premiums based on behavioral data, regulatory compliance and insurtech innovations, customer-centric service models.

Motor Insurance Market Driver: Increasing Automobile Ownership Boosts Demand For Motor Insurance Solutions

The increase in the number of automobiles on the road is expected to propel the growth of the motor insurance market going forward. Automobiles such as cars, buses, and trucks, are self-propelled vehicles that use a power source for propulsion and are used to transport passengers and goods on land. People are buying auto insurance to protect themselves from financial losses, which ultimately fuels the demand for motor insurance and is prominently attributed to the benefits offered by motor insurance, which include cost coverage for an injured person, medical coverage, lost wages, vehicle repair, and any property damaged in an accident. For instance, in November 2023, according to Statistics Canada, a Canada-based government agency in 2022, Canada saw a slight increase in the total number of registered road motor vehicles, reaching 26.3 million, which marked a 0.3% rise compared to the previous year, equivalent to an additional 78,655 units on the roads. Therefore, the increase in the number of automobiles on the road is driving the growth of the motor insurance market.

Motor Insurance Market Driver: Increased Incidents On Roads Fuel Growth In The Motor Insurance Market

The rise in traffic accidents is expected to propel the growth of the motor insurance market going forward. Traffic accidents refer to collisions or incidents involving vehicles on roads that result in damage to property, injuries, or fatalities. These events are often caused by factors such as human error, vehicle malfunctions, or adverse road and weather conditions. Traffic accidents are relevant to motor insurance as they form the basis for insurance claims and coverage. Motor insurance provides financial protection for vehicle damage and injuries resulting from traffic accidents. It covers expenses such as vehicle repairs, medical bills, and liability costs associated with accidents. For instance, in 2023, according to the Transport Accident Commission, an Australia-based government agency, in 2023 a total of 295 people lost their lives on Victorian roads, marking a 22.4% increase (54 more fatalities) compared to 2022. Additionally, there were 261 fatal crashes, up by 22 (9%) from the 239 recorded in the previous year. Therefore, the rise in traffic accidents is driving the growth of the motor insurance market.

Global Motor Insurance Market Major Players

Major companies operating in the motor insurance market include Berkshire Hathaway Inc., Ping An Insurance (Group) Company of China, Ltd., Allianz SE, AXA S.A., Generali Group, State Farm Mutual Automobile Insurance Company, The People's Insurance Company Group of China Limited, MetLife, Inc., China Pacific Insurance (Group) Co, Ltd., American International Group, Inc., Tokio Marine Holdings Inc., The Allstate Corporation, The Progressive Corporation, Nationwide Mutual Insurance Company, Zurich Insurance Group Ltd, Travelers Companies Inc., United Services Automobile Association, Government Employees Insurance Company, Aviva plc, Assicurazioni Generali S.p.A., American Family Insurance Group, Farmers Insurance Group of Companies, The New India Assurance Company Limited, Reliance General Insurance Company Limited, Universal Sompo General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Liberty Mutual Insurance Companies

Global Motor Insurance Market Trend: Innovation Drive Shapes Technological Landscape In Motor Insurance Market

Technological advancements have emerged as the major trend gaining popularity in the motor insurance market. Major companies operating in the motor insurance market are incorporating technologically advanced solutions in insurance operations to strengthen their position in the market. For instance, in September 2022, XA Group, a Dubai-based technology company, launched Addenda, a digital platform powered by blockchain that will enable insurers to reconcile motor vehicle recovery receivables. In order to help Addenda manage all the important touchpoints in the automotive claims value chain by connecting insurers, brokers, repairers, and customers, the business hopes to further improve Addenda by integrating existing products into the platform.

Global Motor Insurance Market Trend: Innovative Offerings Reshape Motor Insurance Market Strategies

Major companies operating in the motor insurance market are developing innovative products such as pay-per-mile car insurance, also known as usage-based insurance, which allows drivers to pay a low monthly base rate plus a per-mile rate for each mile driven. This model is designed to benefit low-mileage drivers, offering a cost-effective alternative for those who do not drive frequently. For instance, in April 2023, Qualitas Compania de Seguros, a Mexico-based insurance company specializing in auto insurance, began utilizing Octo's driving behavior analytics for commercial fleet insurance. This implementation enables fleet owners to track vehicles, provide customers with accurate logistics, and enhance driver safety through real-time telematics data.

Motor Insurance Market Merger And Acquisition: Kingfisher Insurance Enhances Classic Vehicle Services Through Lynbrook Acquisition

In April 2024, Kingfisher Insurance, a UK-based insurance broker firm, acquired Lynbrook insurance services for an undisclosed amount. Through this acquisition, Kingfisher Insurance aims to integrate Lynbrook, Kingfisher enhances its offerings in the niche of classic vehicle insurance, complementing its existing brand, Peter James Insurance. Lynbrook Insurance Services is a UK-based vehicle insurance provider focused on offering comprehensive motor insurance policies for various needs.

Regional Outlook For The Global Motor Insurance Market

North America was the largest region in the motor insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global motor insurance market during the forecast period. The regions covered in the motor insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the motor insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Motor Insurance Market?

The motor insurance market includes revenues earned by entities by providing fully comprehensive insurance, third-party insurance, and theft insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Motor Insurance Industry?

The motor insurance market research report is one of a series of new reports from The Business Research Company that provides motor insurance market statistics, including motor insurance industry global market size, regional shares, competitors with a motor insurance market share, detailed motor insurance market segments, market trends and opportunities, and any further data you may need to thrive in the motor insurance industry. This motor insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Motor Insurance Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2025 $960.69 billion
Revenue Forecast In 2034 $1390.63 billion
Growth Rate CAGR of 9.7% from 2024 to 2033
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Types: Treaty Reinsurance, Facultative Reinsurance
2) By Policy Type: Liability Insurance, Comprehensive Coverage, Collision Coverage, Personal Injury Protection
3) By Vehicle Age: New Vehicles, Old Vehicles
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) Subsegments: 1) By Treaty Reinsurance: Proportional Treaty Reinsurance, Non-Proportional Treaty Reinsurance
2) By Facultative Reinsurance: Individual Risk Facultative Reinsurance, Excess of Loss Facultative Reinsurance
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Berkshire Hathaway Inc., Ping An Insurance (Group) Company of China, Ltd., Allianz SE, AXA S.A., Generali Group, State Farm Mutual Automobile Insurance Company, The People's Insurance Company Group of China Limited, MetLife, Inc., China Pacific Insurance (Group) Co, Ltd., American International Group, Inc., Tokio Marine Holdings Inc., The Allstate Corporation, The Progressive Corporation, Nationwide Mutual Insurance Company, Zurich Insurance Group Ltd, Travelers Companies Inc., United Services Automobile Association, Government Employees Insurance Company, Aviva plc, Assicurazioni Generali S.p.A., American Family Insurance Group, Farmers Insurance Group of Companies, The New India Assurance Company Limited, Reliance General Insurance Company Limited, Universal Sompo General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Liberty Mutual Insurance Companies
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Motor Insurance Market Characteristics

    3. Motor Insurance Market Trends And Strategies

    4. Motor Insurance Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

    5. Global Motor Insurance Growth Analysis And Strategic Analysis Framework

    5.1. Global Motor Insurance PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

    5.2. Analysis Of End Use Industries

    5.3. Global Motor Insurance Market Growth Rate Analysis

    5.4. Global Motor Insurance Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

    5.5. Global Motor Insurance Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

    5.6. Global Motor Insurance Total Addressable Market (TAM)

    6. Motor Insurance Market Segmentation

    6.1. Global Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Treaty Reinsurance

    Facultative Reinsurance

    6.2. Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Liability Insurance

    Comprehensive Coverage

    Collision Coverage

    Personal Injury Protection

    6.3. Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    New Vehicles

    Old Vehicles

    6.4. Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Passenger Cars

    Light Commercial Vehicles (LCV)

    6.5. Global Motor Insurance Market, Sub-Segmentation Of Treaty Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Proportional Treaty Reinsurance

    Non-Proportional Treaty Reinsurance

    6.6. Global Motor Insurance Market, Sub-Segmentation Of Facultative Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    Individual Risk Facultative Reinsurance

    Excess of Loss Facultative Reinsurance

    7. Motor Insurance Market Regional And Country Analysis

    7.1. Global Motor Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    7.2. Global Motor Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8. Asia-Pacific Motor Insurance Market

    8.1. Asia-Pacific Motor Insurance Market Overview

    Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.3. Asia-Pacific Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    8.4. Asia-Pacific Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    9. China Motor Insurance Market

    9.1. China Motor Insurance Market Overview

    9.2. China Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.3. China Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    9.4. China Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

    10. India Motor Insurance Market

    10.1. India Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.2. India Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    10.3. India Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11. Japan Motor Insurance Market

    11.1. Japan Motor Insurance Market Overview

    11.2. Japan Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.3. Japan Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    11.4. Japan Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12. Australia Motor Insurance Market

    12.1. Australia Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.2. Australia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    12.3. Australia Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13. Indonesia Motor Insurance Market

    13.1. Indonesia Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.2. Indonesia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    13.3. Indonesia Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14. South Korea Motor Insurance Market

    14.1. South Korea Motor Insurance Market Overview

    14.2. South Korea Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.3. South Korea Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    14.4. South Korea Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15. Western Europe Motor Insurance Market

    15.1. Western Europe Motor Insurance Market Overview

    15.2. Western Europe Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.3. Western Europe Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    15.4. Western Europe Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16. UK Motor Insurance Market

    16.1. UK Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.2. UK Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    16.3. UK Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17. Germany Motor Insurance Market

    17.1. Germany Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.2. Germany Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    17.3. Germany Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18. France Motor Insurance Market

    18.1. France Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.2. France Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    18.3. France Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19. Italy Motor Insurance Market

    19.1. Italy Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.2. Italy Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    19.3. Italy Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20. Spain Motor Insurance Market

    20.1. Spain Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.2. Spain Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    20.3. Spain Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21. Eastern Europe Motor Insurance Market

    21.1. Eastern Europe Motor Insurance Market Overview

    21.2. Eastern Europe Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.3. Eastern Europe Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    21.4. Eastern Europe Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22. Russia Motor Insurance Market

    22.1. Russia Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.2. Russia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    22.3. Russia Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23. North America Motor Insurance Market

    23.1. North America Motor Insurance Market Overview

    23.2. North America Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.3. North America Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    23.4. North America Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24. USA Motor Insurance Market

    24.1. USA Motor Insurance Market Overview

    24.2. USA Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.3. USA Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    24.4. USA Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25. Canada Motor Insurance Market

    25.1. Canada Motor Insurance Market Overview

    25.2. Canada Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.3. Canada Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    25.4. Canada Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26. South America Motor Insurance Market

    26.1. South America Motor Insurance Market Overview

    26.2. South America Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.3. South America Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    26.4. South America Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27. Brazil Motor Insurance Market

    27.1. Brazil Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.2. Brazil Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    27.3. Brazil Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28. Middle East Motor Insurance Market

    28.1. Middle East Motor Insurance Market Overview

    28.2. Middle East Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.3. Middle East Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    28.4. Middle East Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29. Africa Motor Insurance Market

    29.1. Africa Motor Insurance Market Overview

    29.2. Africa Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.3. Africa Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    29.4. Africa Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

    30. Motor Insurance Market Competitive Landscape And Company Profiles

    30.1. Motor Insurance Market Competitive Landscape

    30.2. Motor Insurance Market Company Profiles

    30.2.1. Berkshire Hathaway Inc. Overview, Products and Services, Strategy and Financial Analysis

    30.2.2. Ping An Insurance (Group) Company of China Overview, Products and Services, Strategy and Financial Analysis

    30.2.3. Ltd. Overview, Products and Services, Strategy and Financial Analysis

    30.2.4. Allianz SE Overview, Products and Services, Strategy and Financial Analysis

    30.2.5. AXA S.A. Overview, Products and Services, Strategy and Financial Analysis

    31. Motor Insurance Market Other Major And Innovative Companies

    31.1. Generali Group

    31.2. State Farm Mutual Automobile Insurance Company

    31.3. The People's Insurance Company Group of China Limited

    31.4. MetLife

    31.5. Inc.

    31.6. China Pacific Insurance (Group) Co

    31.7. Ltd.

    31.8. American International Group

    31.9. Inc.

    31.10. Tokio Marine Holdings Inc.

    31.11. The Allstate Corporation

    31.12. The Progressive Corporation

    31.13. Nationwide Mutual Insurance Company

    31.14. Zurich Insurance Group Ltd

    31.15. Travelers Companies Inc.

    32. Global Motor Insurance Market Competitive Benchmarking And Dashboard

    33. Key Mergers And Acquisitions In The Motor Insurance Market

    34. Recent Developments In The Motor Insurance Market

    35. Motor Insurance Market High Potential Countries, Segments and Strategies

    35.1 Motor Insurance Market In 2029 - Countries Offering Most New Opportunities

    35.2 Motor Insurance Market In 2029 - Segments Offering Most New Opportunities

    35.3 Motor Insurance Market In 2029 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Motor Insurance Market, Sub-Segmentation Of Treaty Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Motor Insurance Market, Sub-Segmentation Of Facultative Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Motor Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Motor Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: Berkshire Hathaway Inc. Financial Performance
  • Table 78: Ping An Insurance (Group) Company of China Financial Performance
  • Table 79: Ltd. Financial Performance
  • Table 80: Allianz SE Financial Performance
  • Table 81: AXA S.A. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Motor Insurance Market, Sub-Segmentation Of Treaty Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Motor Insurance Market, Sub-Segmentation Of Facultative Reinsurance, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Motor Insurance Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Motor Insurance Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Motor Insurance Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: Berkshire Hathaway Inc. Financial Performance
  • Figure 78: Ping An Insurance (Group) Company of China Financial Performance
  • Figure 79: Ltd. Financial Performance
  • Figure 80: Allianz SE Financial Performance
  • Figure 81: AXA S.A. Financial Performance
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Frequently Asked Questions

What is the definition of the Motor Insurance market?

Motor insurance refers to an automotive insurance policy that covers vehicles against financial losses caused by accidents or physical damage. It is a contract whereby the insurer takes on the risk of any losses that the owner or driver of a car might have as a result of harm to people or property as a result of an accident. For further insights on the Motor Insurance market, request a sample here

How will the Motor Insurance market drivers and restraints affect the market dynamics? What forces will shape the Motor Insurance industry going forward?

The Motor Insurance market major growth driver - Increasing Automobile Ownership Boosts Demand For Motor Insurance Solutions. For further insights on the Motor Insurance market, request a sample here

What is the forecast market size or the forecast market value of the Motor Insurance market?

The Motor Insurance market size has grown strongly in recent years. The motor insurance market size has grown strongly in recent years. It will grow from $877.75 billion in 2024 to $960.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to vehicle ownership growth, regulatory mandates, urbanization and traffic density, risk mitigation and financial security, lending and financing requirements. The motor insurance market size is expected to see strong growth in the next few years. It will grow to $1390.63 billion in 2029 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to technological integration in telematics, emergence of electric and autonomous vehicles, focus on environmental sustainability, data analytics and predictive modeling, shift towards on-demand and usage-based insurance. Major trends in the forecast period include focus on environmental sustainability, integration of biometric authentication for policy management, personalized premiums based on behavioral data, regulatory compliance and insurtech innovations, customer-centric service models. For further insights on the Motor Insurance market, request a sample here

How is the Motor Insurance market segmented?

The motor insurance market covered in this report is segmented –
1) By Types: Treaty Reinsurance, Facultative Reinsurance
2) By Policy Type: Liability Insurance, Comprehensive Coverage, Collision Coverage, Personal Injury Protection
3) By Vehicle Age: New Vehicles, Old Vehicles
4) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) Subsegments:
1) By Treaty Reinsurance: Proportional Treaty Reinsurance, Non-Proportional Treaty Reinsurance
2) By Facultative Reinsurance: Individual Risk Facultative Reinsurance, Excess of Loss Facultative Reinsurance For further insights on the Motor Insurance market,
request a sample here

Which region has the largest share of the Motor Insurance market? What are the other regions covered in the report?

North America was the largest region in the motor insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global motor insurance market during the forecast period. The regions covered in the motor insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Motor Insurance market, request a sample here.

Who are the major players in the Motor Insurance market?

Major companies operating in the motor insurance market include Berkshire Hathaway Inc., Ping An Insurance (Group) Company of China, Ltd., Allianz SE, AXA S.A., Generali Group, State Farm Mutual Automobile Insurance Company, The People's Insurance Company Group of China Limited, MetLife, Inc., China Pacific Insurance (Group) Co, Ltd., American International Group, Inc., Tokio Marine Holdings Inc., The Allstate Corporation, The Progressive Corporation, Nationwide Mutual Insurance Company, Zurich Insurance Group Ltd, Travelers Companies Inc., United Services Automobile Association, Government Employees Insurance Company, Aviva plc, Assicurazioni Generali S.p.A., American Family Insurance Group, Farmers Insurance Group of Companies, The New India Assurance Company Limited, Reliance General Insurance Company Limited, Universal Sompo General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Liberty Mutual Insurance Companies . For further insights on the Motor Insurance market, request a sample here.

What are the key trends in the Motor Insurance market?

Major trends in the Motor Insurance market include Innovation Drive Shapes Technological Landscape In Motor Insurance Market. For further insights on the Motor Insurance market, request a sample here.

What are the major opportunities in the Motor Insurance market? What are the strategies for the Motor Insurance market?

For detailed insights on the major opportunities and strategies in the Motor Insurance market, request a sample here.

How does the Motor Insurance market relate to the overall economy and other similar markets?

For detailed insights on Motor Insurance's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Motor Insurance industry?

For detailed insights on the mergers and acquisitions in the Motor Insurance industry, request a sample here.

What are the key dynamics influencing the Motor Insurance market growth? SWOT analysis of the Motor Insurance market.

For detailed insights on the key dynamics influencing the Motor Insurance market growth and SWOT analysis of the Motor Insurance industry, request a sample here.