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Asia Pacific Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel

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Aug 2021 - 91 Pages - From $2,900
(Excel Data Sheet: $1,500)
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Asia Pacific motor insurance market will grow by 7.1% annually with a total addressable market cap of $1,938.2 million over 2021-2027 owing to the mandatory requirement for vehicle insurance in various countries, the increased number of sales of new vehicles, the growing urbanization, and the rising disposable income among the middle income population.
Highlighted with 27 tables and 37 figures, this 91-page report “Asia Pacific Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel (Brokers & Agency, Financial Institutes, Direct Sales, Others), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific motor insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific motor insurance market in every aspect of the classification from perspectives of Policy Type, Premium Type, Distribution Channel, and Country.

Based on Policy Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section.
• Liability Insurance
• Comprehensive Coverage
• Collision Coverage
• Personal Injury Protection

Based on Premium Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section.
• Personal Insurance Premiums
• Commercial Insurance Premiums

Based on Distribution Channel, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section.
• Brokers & Agency
• Financial Institutes
• Direct Sales
• Other Distribution Channels

Geographically, the following regions together with the listed national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2017-2027. The breakdown of key national markets by Policy Type, Premium Type, and Distribution Channel over the forecast years is also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Allianz SE
Allstate Corporation
Assicurazioni Generali
Aviva Plc
Berkshire Hathaway Inc
Chubb Ltd.
GEICO
ICICI Lombard General Insurance Co., Ltd.
Liberty Mutual Insurance
Nationwide Mutual Insurance
People's Insurance Company of China Ltd. (PICC)
Ping An Insurance (Group) Co. of China Ltd.
Porto Seguro S.A
Samsung Fire and Marine Insurance Co., Ltd.
Sompo Holdings Inc
State Farm Mutual Automobile Insurance Company
Zurich Insurance Group AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 5
1.1 Industry Definition and Research Scope 5
1.1.1 Industry Definition 5
1.1.2 Research Scope 6
1.2 Research Methodology 9
1.2.1 Overview of Market Research Methodology 9
1.2.2 Market Assumption 10
1.2.3 Secondary Data 10
1.2.4 Primary Data 10
1.2.5 Data Filtration and Model Design 11
1.2.6 Market Size/Share Estimation 12
1.2.7 Research Limitations 13
1.3 Executive Summary 14
2 Market Overview and Dynamics 16
2.1 Market Size and Forecast 16
2.1.1 Impact of COVID-19 on World Economy 17
2.1.2 Impact of COVID-19 on the Market 19
2.2 Major Growth Drivers 21
2.3 Market Restraints and Challenges 26
2.4 Emerging Opportunities and Market Trends 29
2.5 Porter’s Fiver Forces Analysis 33
3 Segmentation of Asia Pacific Market by Policy Type 37
3.1 Market Overview by Policy Type 37
3.2 Liability Insurance 39
3.3 Comprehensive Coverage 40
3.4 Collision Coverage 41
3.5 Personal Injury Protection 42
4 Segmentation of Asia Pacific Market by Premium Type 43
4.1 Market Overview by Premium Type 43
4.2 Personal Insurance Premiums 45
4.3 Commercial Insurance Premiums 46
5 Segmentation of Asia Pacific Market by Distribution Channel 47
5.1 Market Overview by Distribution Channel 47
5.2 Brokers & Agency 49
5.3 Financial Institutes 50
5.4 Direct Sales 51
5.5 Other Distribution Channels 52
6 Asia-Pacific Market 2020-2027 by Country 53
6.1 Overview of Asia-Pacific Market 53
6.2 China 56
6.3 Japan 58
6.4 India 61
6.5 Australia 63
6.6 South Korea 65
6.7 Rest of APAC Region 67
7 Competitive Landscape 69
7.1 Overview of Key Vendors 69
7.2 New Product Launch, Partnership, Investment, and M&A 72
7.3 Company Profiles 73
Allianz SE 73
Allstate Corporation 75
Assicurazioni Generali 76
Aviva Plc 77
Berkshire Hathaway Inc 78
Chubb Ltd. 79
GEICO 80
ICICI Lombard General Insurance Co., Ltd. 81
Liberty Mutual Insurance 82
Nationwide Mutual Insurance 83
People's Insurance Company of China Ltd. (PICC) 84
Ping An Insurance (Group) Co. of China Ltd. 85
Porto Seguro S.A 86
Samsung Fire and Marine Insurance Co., Ltd. 87
Sompo Holdings Inc 88
State Farm Mutual Automobile Insurance Company 89
Zurich Insurance Group AG 90
RELATED REPORTS 91

List of Tables:

Table 1. Snapshot of Asia Pacific Motor Insurance Market in Balanced Perspective, 2020-2027 15
Table 2. Growth Rate of World GDP, 2020-2022 18
Table 3. Main Product Trends and Market Opportunities in Asia Pacific Motor Insurance Market 29
Table 4. Asia Pacific Motor Insurance Market by Policy Type, 2017-2027, $ mn 37
Table 5. Asia Pacific Motor Insurance Market by Premium Type, 2017-2027, $ mn 43
Table 6. Asia Pacific Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 47
Table 7. APAC Motor Insurance Market by Country, 2017-2027, $ mn 54
Table 8. China Motor Insurance Market by Policy Type, 2017-2027, $ mn 57
Table 9. China Motor Insurance Market by Premium Type, 2017-2027, $ mn 57
Table 10. China Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 57
Table 11. Japan Motor Insurance Market by Policy Type, 2017-2027, $ mn 60
Table 12. Japan Motor Insurance Market by Premium Type, 2017-2027, $ mn 60
Table 13. Japan Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 60
Table 14. India Motor Insurance Market by Policy Type, 2017-2027, $ mn 62
Table 15. India Motor Insurance Market by Premium Type, 2017-2027, $ mn 62
Table 16. India Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 62
Table 17. Australia Motor Insurance Market by Policy Type, 2017-2027, $ mn 64
Table 18. Australia Motor Insurance Market by Premium Type, 2017-2027, $ mn 64
Table 19. Australia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 64
Table 20. South Korea Motor Insurance Market by Policy Type, 2017-2027, $ mn 66
Table 21. South Korea Motor Insurance Market by Premium Type, 2017-2027, $ mn 66
Table 22. South Korea Motor Insurance Market by Distribution Channel, 2017-2027, $ mn 66
Table 23. Motor Insurance Market in Rest of APAC by Country/Region, 2017-2027, $ mn 68
Table 24. Allianz SE: Company Snapshot 73
Table 25. Allianz SE: Business Segmentation 73
Table 26. Allianz SE: Product Portfolio 74
Table 27. Allianz SE: Revenue, 2018-2020, $ mn 74

 

 

List of Figures:

Figure 1. Research Method Flow Chart 9
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 12
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 14
Figure 4. Asia Pacific Motor Insurance Market, 2017-2027, $ mn 16
Figure 5. Impact of COVID-19 on Business 19
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Motor Insurance Market 21
Figure 7. World Vehicle Production by Car Type, 2019-2030, million units 24
Figure 8. Capital Invested in Insurance Tech Companies Worldwide, 2017-2020, $ billion 24
Figure 9. Forecast of Middle-class Population by Region, 2015-2030, million 25
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Motor Insurance Market 26
Figure 11. Investment Opportunity Analysis 30
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Motor Insurance Market 33
Figure 13. Breakdown of Asia Pacific Motor Insurance Market by Policy Type, 2020-2027, % of Revenue 37
Figure 14. Contribution to Asia Pacific 2021-2027 Cumulative Market by Policy Type, Value ($ mn) and Share (%) 38
Figure 15. Asia Pacific Motor Insurance Market: Liability Insurance, 2017-2027, $ mn 39
Figure 16. Asia Pacific Motor Insurance Market: Comprehensive Coverage, 2017-2027, $ mn 40
Figure 17. Asia Pacific Motor Insurance Market: Collision Coverage, 2017-2027, $ mn 41
Figure 18. Asia Pacific Motor Insurance Market: Personal Injury Protection, 2017-2027, $ mn 42
Figure 19. Breakdown of Asia Pacific Motor Insurance Market by Premium Type, 2020-2027, % of Revenue 44
Figure 20. Contribution to Asia Pacific 2021-2027 Cumulative Market by Premium Type, Value ($ mn) and Share (%) 44
Figure 21. Asia Pacific Motor Insurance Market: Personal Insurance Premiums, 2017-2027, $ mn 45
Figure 22. Asia Pacific Motor Insurance Market: Commercial Insurance Premiums, 2017-2027, $ mn 46
Figure 23. Breakdown of Asia Pacific Motor Insurance Market by Distribution Channel, 2020-2027, % of Revenue 48
Figure 24. Contribution to Asia Pacific 2021-2027 Cumulative Market by Distribution Channel, Value ($ mn) and Share (%) 48
Figure 25. Asia Pacific Motor Insurance Market: Brokers & Agency, 2017-2027, $ mn 49
Figure 26. Asia Pacific Motor Insurance Market: Financial Institutes, 2017-2027, $ mn 50
Figure 27. Asia Pacific Motor Insurance Market: Direct Sales, 2017-2027, $ mn 51
Figure 28. Asia Pacific Motor Insurance Market: Other Distribution Channels, 2017-2027, $ mn 52
Figure 29. Breakdown of APAC Motor Insurance Market by Country, 2020 and 2027, % of Revenue 54
Figure 30. Contribution to APAC 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%) 55
Figure 31. Motor Insurance Market in China, 2017-2027, $ mn 56
Figure 32. Motor Insurance Market in Japan, 2017-2027, $ mn 59
Figure 33. Motor Insurance Market in India, 2017-2027, $ mn 61
Figure 34. Motor Insurance Market in Australia, 2017-2027, $ mn 63
Figure 35. Motor Insurance Market in South Korea, 2017-2027, $ mn 65
Figure 36. Motor Insurance Market in Rest of APAC, 2017-2027, $ mn 67
Figure 37. Growth Stage of Asia Pacific Motor Insurance Industry over the Forecast Period 69

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