Motor Insurance Global Market Report 2024

Global Motor Insurance Market Report 2024

Motor Insurance Global Market Report 2024 – 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 2024-2033

Name: Motor Insurance Global Market Report 2024
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Motor Insurance Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 175 | Published : October 2024 | 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)

Global Motor Insurance Market Size 2023 to 2028: Graph

Motor Insurance Market Size 2024 And Growth Rate

The motor insurance market size has grown strongly in recent years. It will grow from $805.91 billion in 2023 to $881.47 billion in 2024 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 $1261.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. 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.

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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, according to the National Transportation Statistics 2021 report published by the US Department of Transportation, an executive department of the U.S. federal government, in 2021, 11,34,61,353 vehicles were registered in the USA. In 2020, automobiles accounted for 10,51,43,990, while 8,317,363 motorcycles were registered across the nation. Furthermore, in November 2022, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association of motor vehicles, the UK’s car production had risen by 7.4% to 69,524 units as compared to the previous year. 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 June 2023, according to the UK Government's annual report on road casualties, there were 1,633 fatalities in reported road collisions in Great Britain, a decline of 9% compared to the previous year. In 2022, there were 1,711 fatalities, a decline of 2% compared to 2019. However, the report also shows that there were 29,742 killed or seriously injured (KSI) casualties, a decline of 3% compared to 2019, and 135,480 casualties of all severities, a decline of 12% compared to 2019.

Global Motor Insurance Market Major Players

Major companies operating in the motor insurance market report are 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., Prudential Financial, Inc., 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, Aegon N.V., Aviva plc, Assicurazioni Generali S.p.A., American Family Insurance Group, Farmers Insurance Group of Companies, The New India Assurance Company Limited, Munich Reinsurance Company, 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:

Allstate Corporation Completes $4 Billion Acquisition Of National General Holdings Corp To Enhance Personal Lines Insurance Market Share

In January 2021, The Allstate Corporation, a US-based insurance company, acquired National General Holdings Corp for an amount of $4 billion. With this acquisition, the company plans to advance its strategy of increasing personal lines insurance market share. National General Holdings Corp. is a US-based insurance company operating in the motor insurance market.

Regional Insights For The Global Motor Insurance Market

North America was the largest region in the motor insurance market in 2023. 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.

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.

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.

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 And Analysis

Report Attribute	Details
Market Size Value In 2024	$881.47 billion
Revenue Forecast In 2033	$1261.92 billion
Growth Rate	CAGR of 9.4% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
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)
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 for an additional fee: 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.; Prudential Financial, Inc.; 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; Aegon N.V.; Aviva plc; Assicurazioni Generali S.p.A.; American Family Insurance Group; Farmers Insurance Group of Companies; The New India Assurance Company Limited; Munich Reinsurance Company; Reliance General Insurance Company Limited; Universal Sompo General Insurance Company Limited; HDFC ERGO General Insurance Company Limited; Liberty Mutual Insurance Companies
Customization Scope	Request for Sample
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1. Executive Summary

2. Motor Insurance Market Characteristics

3. Motor Insurance Market Trends And Strategies

4. Motor Insurance Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Motor Insurance Market Size and Growth

5.1. Global Motor Insurance Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Motor Insurance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Motor Insurance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Motor Insurance Market Segmentation

6.1. Global Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Treaty Reinsurance

Facultative Reinsurance

6.2. Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Liability Insurance

Comprehensive Coverage

Collision Coverage

Personal Injury Protection

6.3. Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

New Vehicles

Old Vehicles

6.4. Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Passenger Cars

Light Commercial Vehicles (LCV)

Heavy Commercial Vehicles (HCV)

7. Motor Insurance Market Regional And Country Analysis

7.1. Global Motor Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Motor Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Motor Insurance Market

8.1. Asia-Pacific Motor Insurance Market Overview

Region Information, Impact Of COVID-19, 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 Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Motor Insurance Market

9.1. China Motor Insurance Market Overview

9.2. China Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Motor Insurance Market

10.1. India Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Motor Insurance Market

11.1. Japan Motor Insurance Market Overview

11.2. Japan Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Motor Insurance Market

12.1. Australia Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Motor Insurance Market

13.1. Indonesia Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Motor Insurance Market

14.1. South Korea Motor Insurance Market Overview

14.2. South Korea Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Motor Insurance Market

15.1. Western Europe Motor Insurance Market Overview

15.2. Western Europe Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Motor Insurance Market

16.1. UK Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Motor Insurance Market

17.1. Germany Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Motor Insurance Market

18.1. France Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Motor Insurance Market

19.1. Italy Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Motor Insurance Market

20.1. Spain Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Motor Insurance Market

21.1. Eastern Europe Motor Insurance Market Overview

21.2. Eastern Europe Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Motor Insurance Market

22.1. Russia Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Motor Insurance Market

23.1. North America Motor Insurance Market Overview

23.2. North America Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Motor Insurance Market

24.1. USA Motor Insurance Market Overview

24.2. USA Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Motor Insurance Market

25.1. Canada Motor Insurance Market Overview

25.2. Canada Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Motor Insurance Market

26.1. South America Motor Insurance Market Overview

26.2. South America Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Motor Insurance Market

27.1. Brazil Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Motor Insurance Market

28.1. Middle East Motor Insurance Market Overview

28.2. Middle East Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Motor Insurance Market

29.1. Africa Motor Insurance Market Overview

29.2. Africa Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Ping An Insurance (Group) Company of China, Ltd.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Allianz SE

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. AXA S.A.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Generali Group

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Motor Insurance Market Other Major And Innovative Companies

31.1. State Farm Mutual Automobile Insurance Company

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

31.3. MetLife, Inc.

31.4. China Pacific Insurance (Group) Co., Ltd.

31.5. Prudential Financial, Inc.

31.6. American International Group, Inc.

31.7. Tokio Marine Holdings Inc.

31.8. The Allstate Corporation

31.9. The Progressive Corporation

31.10. Nationwide Mutual Insurance Company

31.11. Zurich Insurance Group Ltd

31.12. Travelers Companies Inc.

31.13. United Services Automobile Association

31.14. Government Employees Insurance Company

31.15. Aegon N.V.

32. Global Motor Insurance Market Competitive Benchmarking

33. Global Motor Insurance Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Motor Insurance Market

35. Motor Insurance Market Future Outlook and Potential Analysis

35.1 Motor Insurance Market In 2028 - Countries Offering Most New Opportunities

35.2 Motor Insurance Market In 2028 - Segments Offering Most New Opportunities

35.3 Motor Insurance Market In 2028 - 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, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Motor Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Motor Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Berkshire Hathaway Inc. Financial Performance

Table 76: Ping An Insurance (Group) Company of China, Ltd. Financial Performance

Table 77: Allianz SE Financial Performance

Table 78: AXA S.A. Financial Performance

Table 79: Generali Group Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Motor Insurance Market, Segmentation By Vehicle Age, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Motor Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Motor Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Motor Insurance Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Motor Insurance Market, Segmentation By Policy Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Motor Insurance Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Berkshire Hathaway Inc. Financial Performance

Figure 76: Ping An Insurance (Group) Company of China, Ltd. Financial Performance

Figure 77: Allianz SE Financial Performance

Figure 78: AXA S.A. Financial Performance

Figure 79: Generali Group Financial Performance

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Frequently Asked Questions

What is the definition of the motor insurance market?

How will the motor insurance market drivers and restraints affect the motor insurance 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. It will grow from $805.91 billion in 2023 to $881.47 billion in 2024 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 $1261.92 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. 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 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)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 2023. 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?

What are the key trends in the motor insurance market?

Major trend in the motor insurance market - innovative offerings reshape motor insurance market strategies. 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 market'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.