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.

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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

 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. What is the average cost per Europe Motor Insurance market right now and how will it change in the next 5-6 years?
  2. Average cost to set up a Motor Insurance market in the Europe?
  3. How many Europe 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 Europe Motor Insurance market and key vendor selection criteria
  6. Where is the Europe Motor Insurance market manufactured? What is the average margin per equipment?
  7. Market share of Europe Motor Insurance market manufacturers and their upcoming products
  8. The most important planned Europe Motor Insurance market in next 2 years
  9. Details on network of major Europe Motor Insurance market and pricing plans
  10. Cost advantage for OEMs who manufacture Europe Motor Insurance market in-house
  11. 5 key predictions for next 5 years in Europe Motor Insurance market
  12. Average B-2-B Europe Motor Insurance market price in all segments
  13. Latest trends in Europe Motor Insurance market, by every market segment
  14. The market size (both volume and value) of Europe Motor Insurance market in 2022-2030 and every year in between?
  15. Global production breakup of Europe 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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