Europe 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

August 2021 | 92 pages | ID: EB88519A9A09EN
GMD Research

Abstracts

Europe motor insurance market accounted for $168.8 million in 2020 and will grow by 5.3% annually over 2020-2027 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 30 tables and 38 figures, this 92-page report “Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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 Europe 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:

• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

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.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF EUROPE MARKET BY POLICY TYPE

3.1 Market Overview by Policy Type
3.2 Liability Insurance
3.3 Comprehensive Coverage
3.4 Collision Coverage
3.5 Personal Injury Protection

4 SEGMENTATION OF EUROPE MARKET BY PREMIUM TYPE

4.1 Market Overview by Premium Type
4.2 Personal Insurance Premiums
4.3 Commercial Insurance Premiums

5 SEGMENTATION OF EUROPE MARKET BY DISTRIBUTION CHANNEL

5.1 Market Overview by Distribution Channel
5.2 Brokers & Agency
5.3 Financial Institutes
5.4 Direct Sales
5.5 Other Distribution Channels

6 EUROPEAN MARKET 2020-2027 BY COUNTRY

6.1 Overview of European Market
6.2 UK
6.3 France
6.4 Germany
6.5 Spain
6.6 Italy
6.7 Russia
6.8 Rest of European Market

7 COMPETITIVE LANDSCAPE

7.1 Overview of Key Vendors
7.2 New Product Launch, Partnership, Investment, and M&A
7.3 Company Profiles
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
RELATED REPORTS

List Of Tables

LIST OF TABLES:

Table 1. Snapshot of Europe Motor Insurance Market in Balanced Perspective, 2020-2027
Table 2. Growth Rate of World GDP, 2020-2022
Table 3. Main Product Trends and Market Opportunities in Europe Motor Insurance Market
Table 4. Europe Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 5. Europe Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 6. Europe Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 7. Europe Motor Insurance Market by Country, 2017-2027, $ mn
Table 8. UK Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 9. UK Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 10. UK Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 11. France Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 12. France Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 13. France Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 14. Germany Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 15. Germany Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 16. Germany Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 17. Spain Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 18. Spain Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 19. Spain Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 20. Italy Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 21. Italy Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 22. Italy Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 23. Russia Motor Insurance Market by Policy Type, 2017-2027, $ mn
Table 24. Russia Motor Insurance Market by Premium Type, 2017-2027, $ mn
Table 25. Russia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn
Table 26. Motor Insurance Market in Rest of Europe by Country, 2017-2027, $ mn
Table 27. Allianz SE: Company Snapshot
Table 28. Allianz SE: Business Segmentation
Table 29. Allianz SE: Product Portfolio
Table 30. Allianz SE: Revenue, 2018-2020, $ mn

List Of Figures

LIST OF FIGURES:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027
Figure 4. Europe Motor Insurance Market, 2017-2027, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Europe Motor Insurance Market
Figure 7. World Vehicle Production by Car Type, 2019-2030, million units
Figure 8. Capital Invested in Insurance Tech Companies Worldwide, 2017-2020, $ billion
Figure 9. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 10. Primary Restraints and Impact Factors of Europe Motor Insurance Market
Figure 11. Investment Opportunity Analysis
Figure 12. Porter’s Fiver Forces Analysis of Europe Motor Insurance Market
Figure 13. Breakdown of Europe Motor Insurance Market by Policy Type, 2020-2027, % of Revenue
Figure 14. Contribution to Europe 2021-2027 Cumulative Market by Policy Type, Value ($ mn) and Share (%)
Figure 15. Europe Motor Insurance Market: Liability Insurance, 2017-2027, $ mn
Figure 16. Europe Motor Insurance Market: Comprehensive Coverage, 2017-2027, $ mn
Figure 17. Europe Motor Insurance Market: Collision Coverage, 2017-2027, $ mn
Figure 18. Europe Motor Insurance Market: Personal Injury Protection, 2017-2027, $ mn
Figure 19. Breakdown of Europe Motor Insurance Market by Premium Type, 2020-2027, % of Revenue
Figure 20. Contribution to Europe 2021-2027 Cumulative Market by Premium Type, Value ($ mn) and Share (%)
Figure 21. Europe Motor Insurance Market: Personal Insurance Premiums, 2017-2027, $ mn
Figure 22. Europe Motor Insurance Market: Commercial Insurance Premiums, 2017-2027, $ mn
Figure 23. Breakdown of Europe Motor Insurance Market by Distribution Channel, 2020-2027, % of Revenue
Figure 24. Contribution to Europe 2021-2027 Cumulative Market by Distribution Channel, Value ($ mn) and Share (%)
Figure 25. Europe Motor Insurance Market: Brokers & Agency, 2017-2027, $ mn
Figure 26. Europe Motor Insurance Market: Financial Institutes, 2017-2027, $ mn
Figure 27. Europe Motor Insurance Market: Direct Sales, 2017-2027, $ mn
Figure 28. Europe Motor Insurance Market: Other Distribution Channels, 2017-2027, $ mn
Figure 29. Breakdown of European Motor Insurance Market by Country, 2020 and 2027, % of Revenue
Figure 30. Contribution to Europe 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 31. Motor Insurance Market in UK, 2017-2027, $ mn
Figure 32. Motor Insurance Market in France, 2017-2027, $ mn
Figure 33. Motor Insurance Market in Germany, 2017-2027, $ mn
Figure 34. Motor Insurance Market in Spain, 2017-2027, $ mn
Figure 35. Motor Insurance Market in Italy, 2017-2027, $ mn
Figure 36. Motor Insurance Market in Russia, 2017-2027, $ mn
Figure 37. Motor Insurance Market in Rest of Europe, 2017-2027, $ mn
Figure 38. Growth Stage of Europe Motor Insurance Industry over the Forecast Period