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
Asia Pacific motor insurance market will grow by 7.1% annually with a total addressable market cap of $1,938.2 million over 2021-2027 owing to the mandatory requirement for vehicle insurance in various countries, the increased number of sales of new vehicles, the growing urbanization, and the rising disposable income among the middle income population. Highlighted with 27 tables and 37 figures, this 91-page report “Asia Pacific Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel (Brokers & Agency, Financial Institutes, Direct Sales, Others), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific motor insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific motor insurance market in every aspect of the classification from perspectives of Policy Type, Premium Type, Distribution Channel, and Country. Based on Policy Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ 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.)
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