What is the biggest factor in car insurance?
Who is Australia's largest car insurer?
What was the global auto insurance market size in 2020?
The global auto insurance market attained a value of nearly USD 704.8 billion in 2020.
What is the growth rate of the market?
The market is projected to grow at a CAGR of 7.1% in the forecast period of 2023-2028.
What is the forecast outlook of the market for 2023-2028?
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1,170.9 billion by 2026.
What are the major industry drivers of the market?
The industry is being driven by the rise in demand for personal vehicles due to inflating purchasing power, and the resultant need to protect the v...
What are the key industry trends of the global auto insurance market?
The market for auto insurance is being propelled by the digitisation of financial services allowing customers to purchase and renew auto insurance...
What are the major regional markets of auto insurance, according to the EMR report?
The major regional markets for auto insurance are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
What are the significant coverage types of auto insurance?
The significant coverage types of auto insurance are third party liability coverage, and comprehensive, among others.
What are the major distribution channels of auto insurance?
The major distribution channels of auto insurance include insurance agents, direct response, and banks, among others.
What are the market segmentations based on vehicle age of auto insurances?
The market segmentations based on vehicle age are new vehicles and used vehicles.