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Auto Insurance Market: Personal & Commercial Insurance Premium with top key players & future predictions

02-22-2019 09:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Auto Insurance Market

Auto Insurance Market

Auto insurance is insurance policy for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against collision coverage, comprehensive coverage, uninsured/underinsured motorist coverage, medical payments, and personal injury protection.

The auto insurance market gains worldwide popularity. Increase in the automobile sales globally due to increase in the per capita income of the consumers majorly drives the market growth. The governments across the world make it mandatory to buy insurance policy while purchasing a new vehicle and this move has acted as a catalyst in the increased sale in the auto insurance market. Innovative and lucrative product launches are expected to boost the market growth. The leading insurance players offer various add-on covers and it is expected to positively impact insurance sales. The increased incidences of road accidents due to rise in road traffic is among the major reasons for market growth. However, market fragmentation and rise in on-demand car services and the adoption of autonomous vehicles also reduces the need for auto insurance in the future, which is a major restraint for the auto insurance market.

Access full report @ https://www.alliedmarketresearch.com/auto-insurance-market

Key Market Players
• Allianz SE (Germany)
• AXA (France)
• Assicurazioni Generali S.p.A. (Italy)
• The Allstate Corporation (U.S.)
• American International Group, Inc. (U.S.)
• Berkshire Hathaway Homestate Companies (U.S.)
• Zurich Insurance Group Ltd. (Switzerland)
• Munich Re (Germany)
• Prudential plc (UK)
• China Life Insurance Group (China)

The global auto insurance market is segmented on the basis of premium type, distribution channel, and geography. By premium type, it is bifurcated into personal insurance premium and commercial insurance premium. By distribution channel, it is classified into insurance broker/agency and online. Based on geography, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-toc-and-sample/2450

Key Benefits
• The study provides an in-depth analysis of the auto insurance market with current and future trends to elucidate the imminent investment pockets in the market.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
• The report provides information regarding key drivers, restraints, and opportunities.
• Quantitative analysis of the current market and estimations through 2017-2023 are provided to showcase the financial caliber of the market.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2450

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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