Scrutinized with Private Motor Insurance Market with leading key players- Allianz, Aig, Allstate Insurance, Berkshire Hathaway

Private Motor Insurance Market Dynamics & Opportunities 2019-2025" analyzes the UK Private Motor Insurance Market, looking at market size as well as changes in premiums, claims, road casualties, the motor parc, regulations, and opportunities. It discusses competitors in the market, how the market is likely to change due to telematics and driverless cars, and provides future forecasts of market size up to 2021. Private Motor Insurance Market grew significantly in gross written premiums (GWP) in 2016. This was due to increasing premiums, which reached a record high because of an insurance premium tax (IPT) rise, increasing car repair costs, and the change of the personal injury discount rate from 2.5% to -0.75%. The latter move resulted in higher claims costs for insurers, which impacted their profitability; they responded by raising premiums.

The Private Motor Insurance Market grew in gross written premiums (GWP) in 2017. This was due to increasing premiums, which have reached a record high because of rising insurance premium tax (IPT), increasing car repair costs, and the change of the Ogden discount rate from 2.5% to -0.75% in March 2017. The latter move resulted in higher claims costs for insurers, which they responded to by raising premiums.

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Top Key Players in Private Motor Insurance Market: People’s Insurance Company of China, Ping an Insurance, The Oriental Insurance Co. Ltd., The New India Assurance Co.

This Private Motor Insurance Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

 Key Highlights

GWP for the Private Motor Insurance Market grew by 7.9% to reach 13.1bn in 2017.
Bodily injury claims are the highest cost for motor insurers, with the average claim costing 10,272.
Direct Line and Aviva are the leading private motor insurers, with market shares of 12.3% and 10.0% respectively in 2017.
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Table of Content:

Private Motor Insurance Market:

Private Motor Insurance Market Overview

Global Economic Impact

Competition by Manufacturer

Production, Revenue (Value) By Region

Supply (Production), Consumption, Export, Import

Market Production, Revenue (Value), Price Trend by Type

Private Motor Insurance Market Analysis by Application

Private Motor Insurance Market Manufacturing Cost Analysis

Industrial Chain, Sourcing Strategy and Downstream Buyers

Marketing Strategy Analysis, Distributors/Traders

Effect Factors Analysis

Private Motor Insurance

Appendix

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