AFRICA MOTOR INSURANCE MARKET 

 

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

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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

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per Africa Motor Insurance Market  right now and how will it change in the next 5-6 years?
  2. Average cost to set up an Africa Motor Insurance Market  in Africa?
  3. How many Africa 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 a Africa Motor Insurance Market  and key vendor selection criteria
  6. Where is the Africa Motor Insurance Market   manufactured? What is the average margin per equipment?
  7. Market share of Africa Motor Insurance Market  manufacturers and their upcoming products
  8. The most important planned Africa Motor Insurance Market  in next 2 years
  9. Details on network of major Africa Motor Insurance Market  and pricing plans
  10. Cost advantage for OEMs who manufacture Africa Motor Insurance Market  in-house
  11. 5 key predictions for next 5 years in Africa Motor Insurance Market 
  12. Average B-2-B Africa Motor Insurance Market  price in all segments
  13. Latest trends in Africa Motor Insurance Market , by every market segment
  14. The market size (both volume and value) of Africa Motor Insurance Market  in 2022-2030 and every year in between?
  15. Global production breakup of Africa Motor Insurance Market , by suppliers and their OEM relationship
Sl no Topic
1 Market Segmentation
2 Scope of the report
3 Abbreviations
4 Research Methodology
5 Executive Summary
6 Introduction
7 Insights from Industry stakeholders
8 Cost breakdown of Product by sub-components and average profit margin
9 Disruptive innovation in the Industry
10 Technology trends in the Industry
11 Consumer trends in the industry
12 Recent Production Milestones
13 Component Manufacturing in US, EU and China
14 COVID-19 impact on overall market
15 COVID-19 impact on Production of components
16 COVID-19 impact on Point of sale
17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
21 Product installation rate by OEM, 2022
22 Incline/Decline in Average B-2-B selling price in past 5 years
23 Competition from substitute products
24 Gross margin and average profitability of suppliers
25 New product development in past 12 months
26 M&A in past 12 months
27 Growth strategy of leading players
28 Market share of vendors, 2022
29 Company Profiles
30 Unmet needs and opportunity for new suppliers
31 Conclusion
32 Appendix
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