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市場調査レポート

世界の自動車保険市場 - 成長、動向、予測(2019年~2024年)

Motor Insurance Market - Growth, Trends, and Forecast (2019 - 2024)

発行 Mordor Intelligence LLP 商品コード 850235
出版日 ページ情報 英文 177 Pages
納期: 2-3営業日
価格
本日の銀行送金レート: 1USD=109.74円で換算しております。
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世界の自動車保険市場 - 成長、動向、予測(2019年~2024年) Motor Insurance Market - Growth, Trends, and Forecast (2019 - 2024)
出版日: 2019年09月01日 ページ情報: 英文 177 Pages
概要

世界の自動車保険市場は、2019年に8,800億米ドル以上になると推定され、2019年から2024年にかけては6.2%のCAGRを記録すると予測されています。

当レポートでは、世界の自動車保険市場を調査し、市場の概要、契約タイプ・地域別の市場規模の推移と予測、市場の成長要因および阻害要因の分析、市場機会、競合情勢、主要企業のプロファイルなど、包括的な情報を提供しています。

目次

第1章 イントロダクション

  • 調査成果
  • 調査の前提条件
  • 調査範囲

第2章 調査方法

  • 調査手法
  • 調査フェーズ

第3章 エグゼクティブサマリー

第4章 市場のダイナミクス

  • 市場概況
  • 市場成長要因
  • 市場の課題
  • バリューチェーン/サプライチェーン分析
  • ファイブフォース分析
    • 買い手の交渉力
    • 供給企業の交渉力
    • 新規参入業者の脅威
    • 代替品の脅威
    • 競争企業間の敵対関係

第5章 市場セグメンテーション

  • 地域別
    • 北米
    • 欧州
    • アジア太平洋地域
    • 中東・アフリカ
    • 中南米
  • 契約タイプ別
    • 第三者賠償責任保険
    • 第三者火災保険 & 盗難保険
    • 総合保険

第6章 競合情勢

  • 市場競争の概要
  • 企業プロファイル
    • Allianz SE
    • PICC Property & Casualty Co. Ltd
    • Zurich Insurance Group AG
    • State Farm
    • Assicurazioni Generali
    • Liberty Mutual Insurance
    • Nationwide Mutual Insurance
    • Chubb Ltd
    • その他

第7章 市場機会および将来動向

第8章 免責事項

目次
Product Code: 66917

Market Overview

The Motor Insurance market is expected to register a CAGR of 5.03% during the forecast period, 2018-2024. Motor insurance represented 42% of all non-life gross premiums of the overall property and casualty insurance market in 2017. Motor and other traditional P&C lines, both personal and commercial, are likely to face sluggish growth in the coming years. Motor insurance premium growth has been diverging in the developing markets over the last decade. Premium growth in the mature markets has stagnated, while motor insurance has expanded rapidly in the emerging markets. The outlook for advanced economies, however, is improving and is expected to pick up, in line with economic growth over the forecast period.

Technology plays a major role in the new motor insurance market. The market is changing with the integration of new technology, like automation, tracking, and IoT technology. Major players, like Allianz, PICC, and PING AN, are integrating technology with motor insurance to create lucrative policies and options for the younger consumers that are flooding the automotive industry.

For instance, Allianz Insurance and Marmalade have extended their partnership with Allianz Insurance now becoming a telematics service provider for these young driver offerings. The Allianz Connected Car platform is already live in multiple countries with over 14 billion km of driving knowledge already collected. This knowledge enables Allianz Insurance to support Marmalade in offering the best products and services to its customers.

Scope of the Report

The Motor Insurance Market report covers the global picture of the motor insurance market by emphasizing Net and Gross premiums collected across the major parts of the world. The report individually captures the different regions like North and Latin Americas, Europe, Middle East & Africa and Asia- Pacific regions. The report further segmented by policy types like Third Party Liability, Third Party Fire and Theft, and Comprehensive Insurance.

Key Market Trends

Emerging Countries Driving the Market Growth

Emerging countries will remain the growth engine of the global economy and insurance industry over the next decade, reflecting a continuing shift of economic power from west to east. Emerging economies together will account for 60% of global growth in 10 years' time. The seven largest emerging markets will contribute up to 42% of global growth, with China on its own contributing 27%. Economic growth also drives growth in the insurance sector, with the emerging markets' share of global premiums forecast to increase by about 50% over the next 10 years.

Growth-enabling regulation helps increase insurance penetration in emerging markets and create a social safety net, pointing to governmental policies that promote insurance take-up, help build financial resilience of households and develop certain industries. For example, compulsory motor third-party liability (MTPL) insurance can protect drivers against liability claims for death or injury to individuals. In addition to this, international solvency standards are being adopted at different speeds by different emerging nations. They are designed to protect consumers, maintain financial stability, and build trust in insurance companies.

The use of technology in insurance is helping make products more affordable, business more profitable and provide access to new risk pools, however, that the adoption of tech is not uniform across emerging markets. While China has become a major enabler of insurtech solutions, adoption has been slower elsewhere.

The growth rate in emerging Asia is forecast to be three times the world average over the next two years and China remains on course to be the biggest insurance market by the mid-2030s.

Growth Opportunities in the Commercial Fleet Market

Motor fleet insurers have struggled with intense competition and falling margins in recent years, but a brighter future lies ahead. Changing mobility patterns, demographic developments, and new technologies will drive the return of the fleets, creating exciting opportunities for insurers over the next five to ten years.

  • Commercial vehicle sales in China were down 13%, reflecting 351,000 units, according to the China Association of Automobile Manufacturers (CAAM). Meanwhile, commercial vehicle production was also down: 8.8% month over month and down 8.5% year-over-year.
  • The number of commercial vehicles sold in South Korea rose steadily from 2012 to 2015 (from 234,000 to 262,000) but took a slight dip in 2016 to 256,000. That number rose again in 2017 to 263,000 and was tracked at 60,000 vehicles, in March 2018.
  • Commercial fleet registrations in Germany increased by 14.9% in July and also helped the new passenger car segment achieve its best month since 2009.
  • Registrations of light commercial vehicles (LCVs) in Brazil were up 15.6% in May 2019, compared to the same time last year, and were also up by 9.9%, year-to-date. Truck registrations were also up significantly, comparing the numbers in May 2019 to the same time last year, up by 62.2%. Registrations for this segment were also up, year-to-date, 48.5%. When broken down by fuel type, sales of flexible-fuel vehicles were up 21.6%, year-over-year, and diesel vehicles were up 21.5% from a year ago. Hybrid and electric vehicles increased by 18.2% to 357 units, while, gasoline vehicles decreased 16% to 6,196 units.

It was observed that, globally, the fleet sizes and sales fluctuated in 2018 and 2019. But due to the increasing technology integration in commercial fleets insurance, the market has witnessed positive growth.

Competitive Landscape

The market is slightly consolidated in nature with the presence of global and country level players. Most of the global players like Allianz have a strong geographical presence in multiple countries offering a wide array of services. Furthermore, these global players form joint ventures with local companies in developing countries to tap the emerging market.

Major players like Allianz, PICC, Ping An, ICICI Lombard, State Farm, GEICO, Aviva, and others are profiled in the report with an in-depth focus on motor/auto insurance business. Technology related aspects like automation and artificial intelligence (AI) are covered in the report.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Growth Drivers
  • 4.3 Market Challenges
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Government Regulations
  • 4.7 Insights on InsurTech
  • 4.8 Insights on the Global Economy
  • 4.9 Insights on Global Vehicle Demand
  • 4.10 Effects of Global Demographics on the Market
  • 4.11 Insights on Distribution of the Market between the Passenger Vehicle and Commercial Vehicle Lines
  • 4.12 Insights and Trends on Fleet Insurance

5 MARKET SEGMENTATION

  • 5.1 Geography
    • 5.1.1 North America
    • 5.1.2 Europe
    • 5.1.3 Asia-Pacific
    • 5.1.4 Middle East & Africa
    • 5.1.5 Latin America
  • 5.2 Policy Type
    • 5.2.1 Third-party Liability
    • 5.2.2 Third-party Fire and Theft
    • 5.2.3 Comprehensive

6 COMPETITIVE LANDSCAPE

  • 6.1 Market Competition Overview
  • 6.2 Company Profiles
    • 6.2.1 Allianz SE
    • 6.2.2 PICC Property and Casualty Co Ltd
    • 6.2.3 Ping An Insurance (Group) Co of China Ltd
    • 6.2.4 ICICI Lombard General Insurance Co Ltd
    • 6.2.5 Sompo Holdings Inc
    • 6.2.6 Samsung Fire and Marine Insurance Co Ltd
    • 6.2.7 Aviva Plc
    • 6.2.8 State Farm Mutual Automobile Insurance Company
    • 6.2.9 GEICO
    • 6.2.10 Porto Seguro S.A*

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 DISCLAIMER

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