Press release
ASEAN Automotive Insurance Market is Ready for the Next Big Market Boom 2022 to 2027 | China Pacific Insurance, AVIVA, Berkshire Hathaway
According to the report, the size of the ASEAN Automotive Insurance Market is forecast to see a rise in market size to more than US$ 17,165 Million by 2027, registering a CAGR of 5.6% over the 6 years forecast term. ASEAN automotive insurance market is analyzed for the period 2017 to 2027, wherein 2017-2020 is the historic data, 2021 is considered as the base year and 2022-2027 are forecast values.
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The comprehensive analysis of the ASEAN Automotive Insurance Market focuses extensively on key industry players, encompassing a range of factors including competitors' strategies, target market, sales volume, production costs, distribution channels, and various growth drivers. Additionally, it provides insights into the company's market position, financial status, size, market share, and product portfolio, highlighting their significance within the industry.
List of Key Players
The competition landscape section of the report covers descriptive profiles of 12 prominent players and readers can request for revising the list or include additional players, as per their research requirements. Details covered for these players include - Business description, company financials, and claims, key details, strategy outlook, list of products, and recent developments. The players profiled in the report include the following - AVIVA Ltd., Berkshire Hathaway Inc., China Pacific Insurance Co., Chubb Group, People's Insurance Company of China, Ping An Insurance (Group) Company of China, Ltd., State Farm Mutual Automobile Insurance' Tokio Marine Group, Admiral Group Plc, AIG (American International Group, Inc.), Allianz, and Allstate Insurance Company.
The in-depth study not only presents projections, benchmarking, company shares, and recent market trends but also takes into account the human element. It explores sustainability initiatives, conducts a competitive analysis, and examines their impact on market expansion and competitiveness. To provide a comprehensive view, the research adopts a meticulous data triangulation approach, ensuring accurate and reliable market estimations.
With a keen focus on regional areas, the study delves into the effects of COVID-19 and provides detailed market segmentation by Risk Coverage, Coverage Term, Distribution Channel, Vehicle Application, Vehicle Type, Vehicle Ownership, End-user, and Region. This report serves as an invaluable resource for gaining a deeper understanding of the Market. By offering valuable insights into the present market scenario and future prospects until 2033, this study equips stakeholders with crucial data to make informed decisions.
Segmentation Outline
By Risk Coverage:
Collision Coverage
Comprehensive Coverage
Liability Coverage
Personal Injury Coverage
Uninsured Motorist Coverage
Add-ons
Road-side assistance
Engine replacement
Nil Depreciation
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By Coverage Term
One year
3 Years
5 Years
More than 5 years
By Distribution Channel:
Agency
Bank
Brokers and Insurance Marketplaces
Direct
Others
By Vehicle Type:
ICE Vehicles
Petrol
Diesel
Other
Electric Vehicles
Hybrid
By Vehicle Application:
Personal
2 Wheelers
4 Wheelers
Commercial
Passenger
Heavy Vehicles
Off-road Vehicles
By Vehicle Ownership:
New Vehicles
Used Vehicles
By End-user:
Individuals
Businesses
Enterprise
Logistics
Retail
Education
Energy & Mining
Construction
Others
By Region:
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
Rest of ASEAN
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
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