Press release
Popular Trends & Technological advancements of Motor vehicle insurance to Watch Out for Near Future; Global Industry Analysis 2020
Motor vehicle insurance policy is the guarantee of compensation provided to a policyholder, wherein the insurer will pay for the repair of accidental damages, theft, or fire (among others) to a third party's property or the insured vehicle.At the end of 2014, the guaranteed asset protection (GAP) insurance was introduced. It is a supplementary cover taken along with the standard motor insurance policy. It includes certain types of losses that are not covered under the standard policy. For instance, if a person avails GAP insurance, then the insurer will pay the balance loan amount of the vehicle in case of theft or if the automobile is damaged badly. In September 2015, rules proposed by the Financial Conduct Authority (FCA) came into effect; these rules were designed to navigate issues arising from the sales of GAP insurance provided by the motor vehicle industry.
Technavios analysts forecast the global motor vehicle insurance market to grow at a CAGR of 5.91% during the period 2016-2020.
Covered Point :
The report covers the present scenario and the growth prospects of the global motor vehicle insurance market for 2016-2020. To calculate the market size, the report considers two types of end users:
Personal insurance premiums
Commercial insurance premiums
Segments
Americas
APAC
EMEA
To Get Sample Copy of Report visit @ http://www.researchmoz.us/enquiry.php?type=S&repid=729278
Key vendors
Allianz
AIG
Allstate Insurance
Berkshire Hathaway
Peoples Insurance Company of China
Ping An Insurance
Other prominent vendors
AXA
Munich Re
Zurich
Driver
Mandate to buy insurance
For a full, detailed list, view our report
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Popular Trends & Technological advancements of Motor vehicle insurance to Watch Out for Near Future; Global Industry Analysis 2020 here
News-ID: 384999 • Views: …
More Releases from Research Life
Market Outlook : Smart Camera Market Globally Grow at a CAGR of 49% by Revenue D …
About Smart Camera
A smart camera is a type of digital camera that has advanced connectivity features. Smart cameras can transfer photos wirelessly using Wi-Fi, NFC, and Bluetooth. They have the capability of interacting with smartphone and PC applications. These cameras can directly share and upload pictures and videos on various social media platforms and photo-sharing portals. A smart camera is a hybrid of a smartphone and digital camera combined with…
Smart Security Market Globally Grow at a CAGR of 18.59% by Revenue During the Fo …
About Smart Security
Smart security solutions are used to monitor the activities and behavior of people in areas that are more prone to unauthorized access or damage, such as enterprises, educational institutions, commercial buildings, and utility infrastructure. Smart security includes advanced security systems such as IP surveillance cameras, biometric access control systems, integrated perimeter intrusion prevention systems, and wireless alarms. Thus, these solutions can secure an area from miscreants, terrorist activities,…
Market Outlook : Fuel Cell Market Globally Grow at a CAGR of 22.76% by Revenue D …
About Fuel Cell
Fuel cells produce electricity by utilizing the power generated from electrochemical reactions. They use external sources of chemical energy such as hydrogen and oxygen to produce energy. Electrochemical reactions in the fuel cells oxidize hydrogen, which reacts with oxygen to form water and release electrons. The electrons then flow through the external circuit producing an electric current. All fuel cells are based on a standard design, wherein two…
Emergency Lights Market Globally Grow at a CAGR of 7.79% by Revenue During the F …
About Emergency Lights
Emergency lights are used to safely evacuate people from hazardous situations and provide sufficient light to continue tasks in case of power failure. Emergency lights are classified into two categories: escape lighting and standby lighting. Emergency lights are essential in public places so that people can be evacuated safely at times of emergency without panic. So, clear and visible sign boards in prescribed size and color are positioned…
More Releases for GAP
Hawaii Gap Inspires Young Adults with Environmental Leadership Gap Year Program
Kaneohe, Hawaii - Hawaii Gap, a non-profit organization dedicated to fostering environmental stewardship, is thrilled to announce the opening of its transformative Environmental Leadership gap year program in September, 2025. This unique 10-week program offers a powerful opportunity for recent high school graduates or those taking a gap year to immerse themselves in the breathtaking Hawaiian environment while developing critical leadership skills to champion environmental causes. The program is held…
Closing the Resource Gap: Our New Feature Resource Request & Gap Reporting
Walnut Creek, California, December 11, 2023 - eResource Scheduler, a leading provider of resource management software, proudly announces the launch of its groundbreaking feature, Resource Request & Gap Reporting. This innovative addition further solidifies eResource Scheduler's commitment to empowering organizations with advanced tools for resource scheduling and management.
In response to the evolving needs of businesses striving for operational excellence, eResource Scheduler has developed an intuitive solution to address the resource…
Battling the Security Skills Gap
Building and nurturing future talent through industry leadership
The information security industry is battling a skills gap that is predicted by the ONS to be a generation long. As skills are scarce, recruitment has become difficult and expensive, this will continue and businesses, public sector and government alike all face security threats stemming from this scarcity. Those threats affect us all, in all walks of life.
In July, the UK Government issued…
GAP Insurance Market to Witness Huge Growth by 2029 | Direct Gap, Allianz, Motor …
The Latest research study released by HTF MI "Global GAP Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth. Some of the Major Companies covered in this Research are AXA,…
Bridging The Gap
With the recent pandemic, college students across Tampa Bay have found themselves unemployed. By no fault of their own, their jobs have literally been wiped out. Restaurants and retail stores across the country have closed with no end in sight. These young adults find themselves forced to stay inside and furthermore, are losing their motivation every day.
We are stepping up as leaders in our community and creating jobs for…
Global Capacitive Air Gap (GAP) Sensor Market Growth 2019-2024
Market Research Report Store offers a latest published report on Capacitive Air Gap (GAP) Sensor Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This report focuses on the key global Capacitive Air Gap (GAP) Sensor players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Click to view the…
