INTRODUCTION

Insurance for cars, trucks, motorcycles, and other motor vehicles is referred to as "vehicle insurance," "motor insurance," or "auto insurance.

"The primary purpose of it is to provide financial protection against bodily injury or damage caused by traffic collisions and liability arising from car accidents.

 Additionally, vehicle insurance may provide financial protection against vehicle theft, damage caused by events other than traffic collisions, such as keying, weather or natural disasters, and damage caused by collision with stationary objects.

The specific terms of vehicle insurance vary according to local laws.

AFRICA MOTOR INSURANCE MARKET SIZE AND FORECAST

The Africa Motor Insurance Market  accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

NEW PRODUCT LAUNCH

The team had more telematics experience and had noticed that East African insurance was ripe for digital disruption.

Bimaleo set out to provide individualized auto insurance policies based on use by making use of the existing infrastructure.

Currently, insurance is purchased digitally for the year or in installments. They believe that by tapping into real-time data through telematics hardware, purchasing motor insurance when you want to use your vehicle will allow for cost savings and improve claims processing.

Instead of the industry standard full-year premiums based on approximations and estimates, the startup's "as needed" and "by the mile" products are offered.

 According to the company, these premiums have historically resulted in unfair prices.Customers of Bimaleo receive additional discounts for safe driving.

“Bimaleo's digitally native product is designed to meet the needs of today's modern driver in Kenya. It has automated claims, secure and easy policy purchase, and complementary innovative driving features.

COMPANY PROFILE

• Allstate
• Geico
• Progressive
• USAA insurance
• Nationwide
• American family

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost perAfrica Motor Insurance Market right now and how will it change in the next 5-6 years?
2. Average cost to set up an AfricaMotor Insurance Market in Africa?
3. How manyAfrica Motor Insurance Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aAfrica Motor Insurance Market and key vendor selection criteria
6. Where is theAfrica Motor Insurance Market  manufactured? What is the average margin per equipment?
7. Market share ofAfrica Motor Insurance Market manufacturers and their upcoming products
8. The most important plannedAfrica Motor Insurance Market in next 2 years
9. Details on network of majorAfrica Motor Insurance Market and pricing plans
10. Cost advantage for OEMs who manufactureAfrica Motor Insurance Market in-house
11. 5 key predictions for next 5 years inAfrica Motor Insurance Market 
12. Average B-2-BAfrica Motor Insurance Market price in all segments
13. Latest trends inAfrica Motor Insurance Market, by every market segment
14. The market size (both volume and value) ofAfrica Motor Insurance Market in 2022-2030 and every year in between?
15. Global production breakup ofAfrica Motor Insurance Market, by suppliers and their OEM relationship