Global Motor Insurance Market competitive landscape and Global Trends to 2022 Projects the Market to Reach USD XX Billion By 2022

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Global Motor Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the creation of this profile have been calculated using constant 2017 annual average exchange rates.

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The motor insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and the growth of base drivers, such as population numbers, GDP growth, and long-term interest rates.

The global motor insurance market is expected to generate total gross premium income of $866.6bn in 2017, representing a compound annual growth rate (CAGR) of 4.8% between 2012 and 2017.
The personal segment is expected to be the market's most lucrative in 2017, with total gross premium income of $579.6bn, equivalent to 66.9% of the market's overall value.
As motor insurance is a legal requirement in many countries globally, the market is expected to grow year on year as more people begin to drive and purchase their own vehicles.

This market study gives a comprehensive understanding of the Motor Insurance market systems. This market research report presents an in-depth analysis on the Motor Insurance market and estimates the market on all the prime attributes. The research also offers a comprehensive overview of the key factors aiding as well as hindering the growth of the overall market.

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