AUSTRALIA MOTOR INSURANCE MARKET

INTRODUCTION

Motor insurance shields you, your car, and other drivers from financial responsibility in the event of an accident. It offers monetary compensation for any harm brought about to people or their property. It offers monetary compensation for any harm brought about to people or their property.

There are various types of insurance, including Liability protection: protects you if you harm people or their property, collision protection. protects your vehicle if you collide with a stationary object, a person, or another vehicle. encompassing protection. All registered vehicles in Australia are required to have Compulsory Third Party (CTP) insurance.

AUSTRALIA MOTOR INSURANCE MARKETSIZE AND FORECAST

The Australia 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

Insurtech Gateway Australia, a start-up incubator for the insurance industry, has revealed plans to launch a motor vehicle pay-as-you-drive solution. 

The organisation, which is an extension of the London-based Insurtech Gateway, has made two investments since it first launched here a year ago. The investment in the automotive product is one of them. An effort to create a wildfire risk model is the focus of the other investment.

The motor product, which will have a test launch on January 1 of next year, is a first for Australia. It is marketed as Australia's first "connected" vehicle insurance product, with premiums based on actual miles driven as tracked by an on-board diagnostics (OBD2) device.

COMPANY PROFILE

• Medibank Private Ltd
• Genworth Mortgage Insurance Australia Ltd
• ClearView Wealth Ltd
• Cover-More Group Ltd
• AMP Ltd
• NIB Holdings Ltd

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perAustralia Motor Insurance marketright now and how will it change in the next 5-6 years?
2. Average cost to set up an AustralianMotor Insurance marketin Australia ?
3. How manyAustralia Motor Insurance marketsare 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 aAustralia Motor Insurance marketand key vendor selection criteria
6. Where is theAustralia Motor Insurance market manufactured? What is the average margin per equipment?
7. Market share ofAustralia Motor Insurance marketmanufacturers and their upcoming products
8. The most important plannedAustralia Motor Insurance marketin next 2 years
9. Details on network of majorAustralia Motor Insurance marketand pricing plans
10. Cost advantage for OEMs who manufactureAustralia Motor Insurance marketin-house
11. 5 key predictions for next 5 years inAustralia Motor Insurance market
12. Average B-2-BAustralia Motor Insurance marketprice in all segments
13. Latest trends inAustralia Motor Insurance market, by every market segment
14. The market size (both volume and value) of the AustraliaMotor Insurance marketin 2022-2030 and every year in between?
15. Global production breakup ofAustralia Motor Insurance market, by suppliers and their OEM relationship