EUROPE MOTOR INSURANCE MARKET

INTRODUCTION

 A vehicle insurance policy is a legally required document provided by an insurance provider as a means of limiting public responsibility and safeguarding members of the public from potential road accidents.

Every driver who owns a car is required by law to obtain a single automobile insurance coverage. In the event that ones car sustains physical damage, or someone is injured, motor insurance offers financial aid and protects them from third-party liability.

It covers a wide range of situations involving their car. When the occupants of the policyholder's own car are hurt in an accident, motor vehicle accident insurance offers coverage.

Motor vehicle insurance can also include telematics plans. With this feature, a telematics company will capture information on the customer's driving habits.

EUROPE MOTOR INSURANCE MARKET SIZE AND FORECAST

The Europe 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.

MARKET DYNAMICS

Although the revision of the Europe Motor Insurance Directive was completed, two issues still need to be addressed.

These are the technical details of the standardized claims-history statement, which insurers are required to provide to policyholders upon request, as well as the protection provided in the event that a driver's insurer goes bankrupt, particularly in cross-border cases.

Regarding the first, insolvency agreements are now being written by the Council of Bureaux and will thereafter be presented to the European Commission.

Regarding the latter, Insurance Europe is eager to work with EU policymakers to make sure that the future claims-history statement is a useful instrument that offers genuine benefits to consumers while not unduly burdening insurers.

New technologies have the potential to develop innovative consumer services and improve the efficiency, safety, and cleanliness of the road transportation industry.

In fact, telematics, intelligent transportation systems, and linked and automated vehicles are already altering the way we travel.

All service providers in the automotive value chain must have access to the abundance of data created by these new technologies in order to promote consumer choice and fair competition.

Insurance Europe requests that Europe legislators enact legislation to guarantee that drivers retain control over their vehicle's data. 

COMPANY PROFILE

• Unipolsai Assicurazioni S.P.A.
• Octo Group S.P.A .
• AXA S.A.
• LexisNexis Risk Solutions Group
• Towergate Insurance

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEurope Motor Insurance marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aMotor Insurance marketin theEurope?
3. How manyEurope Motor Insurance marketare 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 aEurope Motor Insurance marketand key vendor selection criteria
6. Where is theEurope Motor Insurance marketmanufactured? What is the average margin per equipment?
7. Market share ofEurope Motor Insurance marketmanufacturers and their upcoming products
8. The most important plannedEurope Motor Insurance marketin next 2 years
9. Details on network of majorEurope Motor Insurance marketand pricing plans
10. Cost advantage for OEMs who manufactureEurope Motor Insurance marketin-house
11. 5 key predictions for next 5 years inEurope Motor Insurance market
12. Average B-2-BEurope Motor Insurance marketprice in all segments
13. Latest trends inEurope Motor Insurance market, by every market segment
14. The market size (both volume and value) ofEurope Motor Insurance marketin 2022-2030 and every year in between?
15. Global production breakup ofEurope Motor Insurance market, by suppliers and their OEM relationship