Global Motor Vehicle Liability Insurance Market to 2030 – Implementation of Technologies in Existing Product and Service Lines Presents Opportunities

Dublin, 14 Feb. 2022 (GLOBE NEWSWIRE) — The report “Automotive Liability Insurance Market by Mode, Distribution Channel, Vehicle Age and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

Automobile liability insurance is insurance coverage designed specifically to provide financial protection to a driver who injures someone else or their property while operating a vehicle. It only covers injury or damage to third parties and their property and not to the driver or driver’s property, which may be separately covered under other parts of their policy.

Additionally, various companies are mandating the purchase of auto liability insurance for every vehicle on the road, which is driving the growth of the market. Also, the biggest advantage of insurance is that the cost of insurance is very cheap compared to other auto insurance, which is increasing its demand in various developing countries across the world.

The low cost of auto liability insurance and liability insurance provided to the insured has a positive impact on the growth of the market. Additionally, the increase in strict government regulation of liability insurance is driving the growth of the market across the globe. However, factors such as increasing number of misrepresentations and rising social inflations are limiting the growth of the market. On the contrary, technological advancements in big data, advanced analytics, and artificial intelligence are expected to provide remunerative opportunities for market expansion over the forecast period.

The global automobile liability insurance market is segmented on the basis of mode, distribution channel, vehicle age, application and region. According to the mode, the market is separated into offline and online. Based on distribution channel, it is categorized into Independent Agents/Brokers, Direct Response, Banks and Others. According to the type of vehicle, it is fragmented into new vehicle and used vehicle. Based on application, the market is bifurcated into personal and commercial. Geographically, the market is analyzed on several regions such as North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA).

Major players operating in the global automobile liability insurance industry include Allstate, AXA XL, Chubb Limited, Great American, Hiscox Ltd., Nationwide, Progressive Commercial, State Farm, The Hartford, and The Travelers Indemnity Company. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers and acquisitions, and joint ventures to strengthen their presence in the global auto liability insurance market.

Key Benefits

  • The study provides an in-depth analysis of the global Automobile Liability Insurance market forecast along with current trends and future estimates to explain the impending pockets of investment.
  • Information on major drivers, restraints and opportunities and their impact analysis on the global market are provided in the report.
  • Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.
  • Quantitative market analysis from 2021 to 2030 is provided to determine the market potential.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key Forces Shaping the Automobile Liability Insurance Industry/Market
3.2.1. Market dynamics
3.2.1.1. Low cost of auto liability insurance
3.2.1.2. Increase in the number of road accidents
3.2.1.3. Strict government regarding liability payment
3.2.2.1. Increase in the number of false declarations
3.2.2.2. Unfamiliarity with automobile liability insurance policy
3.2.3. Opportunities
3.2.3.1. Increase in demand for auto liability insurance products and services
3.2.3.2. Implementation of technologies in existing product and service lines
3.1. Impact Analysis of COVID-19 on Motor Vehicle Liability Insurance Market
3.1.1. Impact on market size
3.1.2. Changing consumer trends, preferences and budget impact due to COVID-19
3.1.3. Economic impact
3.1.4. Strategies of key players to combat the negative impact in the industry
3.1.5. Analysis of opportunities for car finance providers

CHAPTER 4: AUTOMOBILE LIABILITY INSURANCE MARKET, BY MODE
4.1. Overview
4.2. Offline
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. In line
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

CHAPTER 5: AUTOMOBILE LIABILITY INSURANCE MARKET BY DISTRIBUTION CHANNEL
5.1. Overview
5.2. Independent Agents/Brokers
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Direct response
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
5.4. Banks
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country
5.5. Others
5.5.1. Key Market Trends, Growth Drivers and Opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

CHAPTER 6: AUTOMOBILE LIABILITY INSURANCE MARKET, BY VEHICLE AGE
6.1. Overview
6.2. New vehicle
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Used Vehicle
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: AUTOMOBILE LIABILITY INSURANCE MARKET, BY APPLICATION
7.1. Overview
7.2. Staff
7.2.1. Key Market Trends, Growth Drivers and Opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country
7.3. Commercial
7.3.1. Key Market Trends, Growth Drivers and Opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country

CHAPTER 8: AUTOMOBILE LIABILITY INSURANCE MARKET, BY REGION

CHAPTER 9: COMPANY PROFILE
9.1. Allstate
9.1.1. Company presentation
9.1.2. Key leaders
9.1.3. Company overview
9.1.5. Product portfolio
9.1.6. Company performance
9.1.7. Key strategic moves and developments
9.2. Axa XL
9.2.1. Company presentation
9.2.2. Key leaders
9.2.3. Company overview
9.2.4. Product portfolio
9.2.5. Company Performance
9.2.6. Key strategic moves and developments
9.3. Chubb Limited
9.3.1. Company presentation
9.3.2. Key leaders
9.3.3. Company overview
9.3.4. Product portfolio
9.3.5. Company Performance
9.3.6. Key strategic moves and developments
9.4. great american
9.4.1. Company presentation
9.4.2. Key executive
9.4.3. Company overview
9.4.4. Product portfolio
9.4.5. Company performance
9.5. Hiscox Ltd.
9.5.1. Company presentation
9.5.2. Key leaders
9.5.3. Company overview
9.5.4. Operating business areas
9.5.5. Product portfolio
9.5.6. Company Performance
9.5.7. Key strategic moves and developments
9.6. At national scale
9.6.1. Company presentation
9.6.2. Key leaders
9.6.3. Company overview
9.6.4. Product portfolio
9.6.5. Key strategic moves and developments
9.7. Progressive commercial
9.7.1. Company presentation
9.7.2. Key leaders
9.7.3. Company overview
9.7.4. Product portfolio
9.7.5. Company performance
9.7.6. Key strategic moves and developments
9.8. state farm
9.8.1. Company presentation
9.8.2. Key Executive
9.8.3. Company overview
9.8.4. Product portfolio
9.8.5. Key strategic moves and developments
9.9. The Hartford
9.9.1. Company presentation
9.9.2. Key leaders
9.9.3. Company overview
9.9.4. Operating business areas
9.9.5. Product portfolio
9.9.6. Company Performance
9.9.7. Key strategic moves and developments
9.10. The Travelers Compensation Company
9.10.1. Company presentation
9.10.2. Key leaders
9.10.3. Company overview
9.10.4. Operating business areas
9.10.5. Product portfolio
9.10.6. Company performance
9.10.7. Key strategic moves and developments

For more information about this report visit https://www.researchandmarkets.com/r/8tt0ek

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