Motor Vehicle Insurance Market by Application, Distribution Channel and Geography - Forecast and Analysis 2023-2027

Published: May 2023 Pages: 163 SKU: IRTNTR75526

Motor Vehicle Insurance Market Analysis Report 2023-2027:

The motor vehicle insurance market size is estimated to grow at a CAGR of 8.68% between 2022 and 2027. The market size is forecast to increase by USD 405.19 billion. The growth of the market depends on several factors, including increasing government regulations on mandatory insurance coverage in developing countries, a rise in automobile sales, and an increasing number of accidents.

This motor vehicle insurance market report extensively covers market segmentation by application (personal and commercial), distribution channel (brokers, direct, banks, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Motor Vehicle Insurance Market During the Forecast Period?

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Motor Vehicle Insurance Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing government regulations on mandatory insurance coverage in developing countries are notably driving the market growth, although factors such as tightening regulatory environment for insurance players the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Motor Vehicle Insurance Market Driver

One of the key factors driving the motor vehicle insurance market growth is the increasing government regulations on mandatory insurance coverage in developing countries. Most of the countries worldwide such as India and China have made it mandatory that motor insurance is required for any vehicle that runs on public roads. For instance, anyone who owns or operates a vehicle in Maine, US, must carry at least the minimum amount of insurance required by the law. The law requires uninsured/underinsured motorist coverage at a minimum of USD 50,000 per person or USD 100,000 per accident.

As the global economy is growing, there is a significant increase in the number of vehicles in those developing countries which in turn is significantly driving the motor vehicle insurance market. Factors such as Insurance becoming mandatory for citizens and increasing government regulations on mandatory insurance coverage in developing countries are expected to drive the global motor vehicle insurance market during the forecast period.

Key Motor Vehicle Insurance Market Trends

A key factor shaping the motor vehicle insurance market growth is the digitalization of the motor vehicle insurance industry. Digitization has revolutionized the motor vehicle insurance market in certain ways over the years. Motor vehicle insurance companies have shifted their focus toward providing more convenient, efficient, and personalized services to their clients due to the rapid advancement in technology.

One of the key transitions that happened with the advancement of digitization is that it has transformed the way customers interact with motor vehicle insurance companies, making it easier for them to access and purchase motor vehicle insurance policies through online channels. Also, another significant impact of digitization in the motor vehicle insurance market is the emergence of Insurtech companies. With the help of technology, these companies are curating personalized motor vehicle insurance products and services that are tailored to customer preferences. Hence, such factors are expected to drive the global motor vehicle insurance market during the forecast period.

Major Motor Vehicle Insurance Market Challenge

Tightening the regulatory environment for insurance players is one of the key challenges hindering the motor vehicle insurance market growth. There are increasing introductions of regulations and establishment of regulatory bodies regarding motor vehicle insurance across countries such as Australia and the US. For instance, Australia has two regulatory bodies for insurance players, namely the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). 

Additionally, In the US, for the implementation of more uniform rules and regulations on motor vehicle insurance, the country has its own regulatory body called the National Association of Insurance Commissioners (NAIC). Therefore, due to the increasing number of government regulations, motor vehicle insurance companies may face a significant threat of increased prerequisites for the motor vehicle insurance industry. This will directly impact the global motor vehicle insurance market as its revenue which is expected to hinder the global motor vehicle insurance market during the forecast period.

Key Motor Vehicle Insurance Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Motor Vehicle Insurance Market Customer Landscape

Who are the Major Motor Vehicle Insurance Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Allianz SE: The company offers motor vehicle insurance under the brand, Bajaj Allianz.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

  • American International Group Inc.
  • Aviva Plc
  • AXA Group
  • Berkshire Hathaway Inc.
  • Chubb Ltd.
  • Desjardins Group
  • Discovery Ltd.
  • Kotak Mahindra Bank Ltd.
  • Liberty Mutual Holding Co. Inc.
  • Navi Technologies Ltd
  • OCTO Telematics S.p.A
  • Reliance Capital Ltd.
  • Sompo Holdings Inc.
  • State Farm Mutual Automobile Insurance Co.
  • The Allstate Corp.
  • The Hanover Insurance Group Inc.
  • The Progressive Corp.
  • The Travelers Co. Inc.
  • Zurich Insurance Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Motor Vehicle Insurance Market?

The market share growth by the personal segment will be significant during the forecast period. A personal insurance cover in motor vehicle insurance can be referred to as a financial facility for the owner or driver of the vehicle. It is a mandatory extension that is supposed to be taken by the owner of the vehicle under the Motor Policy, whether opting for a Comprehensive Package or Third-Party Liability Policy and it is mainly issued in the name of the owner of the vehicle, and the owner is entitled to the cover only if they possess a valid driving license.

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The personal segment was valued at USD 536.82 billion in 2017 and continued to grow until 2021. One of the key benefits of personal insurance is that it is an add-on cover that provides protection against any accidental injuries to the owner or driver of the insured motor vehicle. In addition, other benefits include compensation in case the owner or driver of the vehicle has a permanent disability, bodily injuries, or death caused due to the motor vehicle accident.  Hence, such factors are expected to drive the growth of this segment which in turn will drive the growth of the drive the global motor vehicle insurance market during the forecast period.

Which are the Key Regions for the Motor Vehicle Insurance Market?

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the key factors for the stability of the motor vehicle insurance market in North America is the presence of a regulatory environment in the region. The regulatory framework is well-established in the region and is designed in such a way as to protect consumers and ensure fair competition among insurers. These legal bodies also work with insurance companies to promote market stability, consumer protection, and financial soundness within the industry. Factors such as the sensitivity of the public in the region toward personal safety and the safety of one's property and the region's mature market of smartphone users are driving the global motor vehicle insurance market in the region during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global motor vehicle insurance market witnessed a significant slowdown due to the temporary halt of operations of insurance companies in North America. Also, the restricted use of automobiles led to a decline in motor vehicle insurance in 2020.  However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of travelling activities across North America, resulting in the high demand for motor vehicle insurance. Such factors are expected to drive the market during the forecast period.

Segment Overview

The motor vehicle insurance industry report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Billion, 2017 - 2027)
    • Personal
    • Commercial
  • Distribution Channel Outlook (USD Billion, 2017 - 2027)
    • Brokers
    • Direct
    • Banks
    • Others
  • Geography Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global motor vehicle insurance market as a part of the global specialized consumer services market within the globally diversified consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation, and interior design services, consumer auction services, wedding services, and funeral services. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Motor Vehicle Insurance Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.68%

Market growth 2023-2027

USD 405.19 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

8.25

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 41%

Key countries

US, China, Japan, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Allianz SE, American International Group Inc., Aviva Plc, AXA Group, Berkshire Hathaway Inc., Chubb Ltd., Desjardins Group, Discovery Ltd., Kotak Mahindra Bank Ltd., Liberty Mutual Holding Co. Inc., Navi Technologies Ltd, OCTO Telematics S.p.A, Reliance Capital Ltd., Sompo Holdings Inc., State Farm Mutual Automobile Insurance Co., The Allstate Corp., The Hanover Insurance Group Inc., The Progressive Corp., The Travelers Co. Inc., and Zurich Insurance Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Motor Vehicle Insurance Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Motor Vehicle Insurance Market 2023-2027 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global motor vehicle insurance market 2023-2027 2017 - 2021 ($ billion)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Personal - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Personal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Personal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Personal - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Personal - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 46: Chart on Comparison by Distribution Channel
      • Exhibit 47: Data Table on Comparison by Distribution Channel
    • 7.3 Brokers - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Brokers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Data Table on Brokers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 50: Chart on Brokers - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Brokers - Year-over-year growth 2022-2027 (%)
    • 7.4 Direct - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Direct - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Data Table on Direct - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Chart on Direct - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Direct - Year-over-year growth 2022-2027 (%)
    • 7.5 Banks - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Banks - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Banks - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Banks - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Banks - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Distribution Channel
      • Exhibit 64: Market opportunity by Distribution Channel ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Allianz SE
              • Exhibit 119: Allianz SE - Overview
              • Exhibit 120: Allianz SE - Business segments
              • Exhibit 121: Allianz SE - Key news
              • Exhibit 122: Allianz SE - Key offerings
              • Exhibit 123: Allianz SE - Segment focus
            • 12.4 American International Group Inc.
              • Exhibit 124: American International Group Inc. - Overview
              • Exhibit 125: American International Group Inc. - Business segments
              • Exhibit 126: American International Group Inc. - Key news
              • Exhibit 127: American International Group Inc. - Key offerings
              • Exhibit 128: American International Group Inc. - Segment focus
            • 12.5 AXA Group
              • Exhibit 129: AXA Group - Overview
              • Exhibit 130: AXA Group - Business segments
              • Exhibit 131: AXA Group - Key offerings
              • Exhibit 132: AXA Group - Segment focus
            • 12.6 Berkshire Hathaway Inc.
              • Exhibit 133: Berkshire Hathaway Inc. - Overview
              • Exhibit 134: Berkshire Hathaway Inc. - Business segments
              • Exhibit 135: Berkshire Hathaway Inc. - Key news
              • Exhibit 136: Berkshire Hathaway Inc. - Key offerings
              • Exhibit 137: Berkshire Hathaway Inc. - Segment focus
            • 12.7 Chubb Ltd.
              • Exhibit 138: Chubb Ltd. - Overview
              • Exhibit 139: Chubb Ltd. - Business segments
              • Exhibit 140: Chubb Ltd. - Key news
              • Exhibit 141: Chubb Ltd. - Key offerings
              • Exhibit 142: Chubb Ltd. - Segment focus
            • 12.8 Desjardins Group
              • Exhibit 143: Desjardins Group - Overview
              • Exhibit 144: Desjardins Group - Business segments
              • Exhibit 145: Desjardins Group - Key offerings
              • Exhibit 146: Desjardins Group - Segment focus
            • 12.9 Discovery Ltd.
              • Exhibit 147: Discovery Ltd. - Overview
              • Exhibit 148: Discovery Ltd. - Business segments
              • Exhibit 149: Discovery Ltd. - Key offerings
              • Exhibit 150: Discovery Ltd. - Segment focus
            • 12.10 Kotak Mahindra Bank Ltd.
              • Exhibit 151: Kotak Mahindra Bank Ltd. - Overview
              • Exhibit 152: Kotak Mahindra Bank Ltd. - Business segments
              • Exhibit 153: Kotak Mahindra Bank Ltd. - Key offerings
              • Exhibit 154: Kotak Mahindra Bank Ltd. - Segment focus
            • 12.11 Liberty Mutual Holding Co. Inc.
              • Exhibit 155: Liberty Mutual Holding Co. Inc. - Overview
              • Exhibit 156: Liberty Mutual Holding Co. Inc. - Product / Service
              • Exhibit 157: Liberty Mutual Holding Co. Inc. - Key offerings
            • 12.12 Navi Technologies Ltd
              • Exhibit 158: Navi Technologies Ltd - Overview
              • Exhibit 159: Navi Technologies Ltd - Product / Service
              • Exhibit 160: Navi Technologies Ltd - Key offerings
            • 12.13 Reliance Capital Ltd.
              • Exhibit 161: Reliance Capital Ltd. - Overview
              • Exhibit 162: Reliance Capital Ltd. - Product / Service
              • Exhibit 163: Reliance Capital Ltd. - Key offerings
            • 12.14 State Farm Mutual Automobile Insurance Co.
              • Exhibit 164: State Farm Mutual Automobile Insurance Co. - Overview
              • Exhibit 165: State Farm Mutual Automobile Insurance Co. - Product / Service
              • Exhibit 166: State Farm Mutual Automobile Insurance Co. - Key offerings
            • 12.15 The Allstate Corp.
              • Exhibit 167: The Allstate Corp. - Overview
              • Exhibit 168: The Allstate Corp. - Business segments
              • Exhibit 169: The Allstate Corp. - Key offerings
              • Exhibit 170: The Allstate Corp. - Segment focus
            • 12.16 The Progressive Corp.
              • Exhibit 171: The Progressive Corp. - Overview
              • Exhibit 172: The Progressive Corp. - Product / Service
              • Exhibit 173: The Progressive Corp. - Key news
              • Exhibit 174: The Progressive Corp. - Key offerings
            • 12.17 Zurich Insurance Co. Ltd.
              • Exhibit 175: Zurich Insurance Co. Ltd. - Overview
              • Exhibit 176: Zurich Insurance Co. Ltd. - Business segments
              • Exhibit 177: Zurich Insurance Co. Ltd. - Key offerings
              • Exhibit 178: Zurich Insurance Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              motor vehicle insurance market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Detailed vendors report with competitive landscape
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