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Last Updated: Apr 25, 2025 | Study Period: 2022-2030
If you own a vehicle, you must have auto insurance. Drivers must have at least liability and accident benefits/bodily injury coverage in all Canadian provinces and territories.
A few regions might require extra inclusion.In Quebec, a combination of public and private insurers can provide the insurance.Damage to other people's property or losses (such as death or injury) caused by your vehicle are covered by liability insurance.
Repairs to your own vehicle are not covered by it.
When you are injured in an accident, accident benefits or bodily injury insurance pay for your own medical bills and lost wages.In the event that you collide with another vehicle or object, collision insurance will pay for the repairs or replacement of your vehicle.
The cost of repairing or replacing oneâs vehicle in the event of vandalism, fire, or theft is covered by comprehensive insurance.
If one collides with another vehicle or an object, comprehensive insurance will not cover the loss or damage to your vehicle.
Theft of personal items from vehicles, such as golf clubs, clothing, or electronic devices, is not covered by the majority of auto insurance policies.
Homeowner's or renter's insurance typically covers these damages.Check to see if the loss of personal property from vehicle is covered by the home insurance policy.
The Canada 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.
Aviva Canada and IMS, a global provider of vehicle and driving data, are launching a new product that will help drivers save money on auto insurance while also improving their safety.
Safe drivers will save a lot of money on insurance with the new Aviva Journey, a telematics solution that can be used on an app.Customers who sign up for the app, which can be downloaded to a smartphone, may be eligible for a 10% discount on their current auto insurance right away.
Innovation from IMS is the key to the usefulness of the Aviva Excursion.
Aviva and IMS had a strong desire to collaborate prior to the launch. This has resulted in a mobile app-based product that is truly sensational and engaging, and it has been well received by their broker partners and customers.
Aviva and IMS also made changes to the app with the goal of creating "an outstanding customer experience," which they did together.
"Due to rapid advancements in the capabilities of mobile telematics,,The customer experience provided by app-based telematics is now truly engaging.
Brokers in Ontario currently distribute Aviva Journey; interested parties can visit the insurer's website for additional information.
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 |