Auto Insurance Market size was valued at $739.30 billion in 2019, and is projected to reach $1.06 trillion by 2027, growing at a CAGR of 8% from 2020 to 2027.
Auto insurance provides financial protection to customers from physical damage caused by traffic crashes and vehicle theft. It also covers costs associated with injury, death, or property damage caused by other drivers, vehicles or property such as fences, buildings or telephone poles by the owner of the insured vehicle.
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The Auto Insurance key players in this market include:
- Allian
- AXA
- Assicurazioni Generali S.p.A.
- The Allstate Corporation
- American International Group, Inc.
- Berkshire Hathaway
- Zurich Insurance Group Ltd
- Prudential plc.
By Type, the market is primarily split into
- Third-party Liability
- Third-party Fire and Theft
- Comprehensive
By Application, this report covers the following segments
- Personal
- Commercial
A full report of Global Auto Insurance Market is available at: https://www.orionmarketreports.com/auto-insurance-market/48431/
Scope of the Report
The research study analyzes the global Auto Insurance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Auto Insurance Market Report
1. What was the Auto Insurance Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Auto Insurance Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Auto Insurance Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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