Japan EV Insurance Market 2022-2027

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    JAPAN EV INSURANCE MARKET

    INTRODUCTION

    Leading insurers in the EV sector are increasingly adopting the practice of creating separate, EV-specific insurance coverage.

     

    Given the additional difficulties presented by the infrastructure for charging and the different technological backgrounds of the automobiles, this progress is acceptable. Despite this, there has been a recent movement in the conventional motor insurance industry, and the electrification of vehicles will hasten this change.

     

    Infographic: Japan EV Insurance Market, Japan EV Insurance Market Size, Japan EV Insurance Market Trends, Japan EV Insurance Market Forecast, Japan EV Insurance Market Risks, Japan EV Insurance Market Report, Japan EV Insurance Market Share

     

    Longer battery lifespan, affordable charging infrastructure, and falling EV prices will all contribute to increasing the adoption of EVs. These factors will also help to grow the market for EV insurance.

     

    The automobile industry is undergoing unprecedented upheaval, and the rapid, global adoption of EVs is the current pressing concern.

    JAPAN EV INSURANCE MARKET SIZE AND FORECAST

    The Japan EV Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

    NEW PRODUCT LAUNCH

    A new usage-based insurance programme for personal-line customers has been introduced by Aioi Nissay Dowa Insurance Company Limited (Aioi Nissay Dowa Insurance), a member of the MS&AD Insurance Group, the largest P&C insurer in Japan, in collaboration with Cambridge Mobile Telematics (CMT), the world authority on smartphone telematics.

     

    The Tough Mimamoru Car Insurance Plus S software makes use of the DriveWell platform from CMT to assess driving performance and perform collision detection and reconstruction in real-time.

     

    The programme has an initial discount of 4%, and responsible drivers can save up to 8% when their discount is renewed.

     

    The programme includes collision detection and roadside assistance services in addition to incentives for defensive driving. Depending on the details of the accident, the Tough Mimamoru Car Insurance Plus S app sends out an urgent alarm.

    MARKET DYNAMICS

    The Telematics Damage Service System (the “Service”), a new accident response service that uses driving data obtained from connected cars to enable the visualisation of driving conditions such as driving route and driving behaviour at the time of an accident, and uses artificial intelligence to achieve advanced accident detection, was developed jointly by Toyota Motor Corporation (Toyota) and the MS&AD Insurance Group’s Aioi Nissay Dowa Insurance Co., Ltd. (Aioi Nissay Dowa Insurance).

     

    Recent developments in linked technologies for automobiles and other fields have made it feasible to collect and use vehicle data from connected cars and provide new mobility services.

     

    Together, Toyota and Aioi Nissay Dowa Insurance created Japan’s first telematics motor insurance, “TOUGH Connecting Car Insurance,” which offers features including customer

    COMPANY PROFILE

    • Tokio Marine & Nichido Fire Insurance Co., Ltd.
    • Sompo Japan Nipponkoa Insurance Inc.
    • Mitsui Sumitomo Insurance Company, Limited
    • Aioi Nissay Dowa Insurance Company, Limited
    • Rakuten General Insurance Co., Ltd.
    • AGCS

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the average cost per Japan EV Insurance Market right now and how will it change in the next 5-6 years? 
    2. The average cost to set up an EV Insurance Market in Japan?
    3. How many Japan EV 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 Japan EV Insurance Market  and key vendor selection criteria
    6. Where is the Japan EV Insurance Market manufactured? What is the average margin per equipment?
    7. Market share of Japan EV Insurance Market manufacturers and their upcoming products
    8. The most important planned Japan EV Insurance Market  in the next 2 years
    9. Details on a network of major Japan EV Insurance Market and pricing plans
    10. The cost advantage for OEMs who manufacture Japan EV Insurance Market in-house
    11. 5 key predictions for the next 5 years in Japan EV Insurance Market
    12. Average B-2-B Japan EV Insurance Market price in all segments
    13. Latest trends in Japan EV Insurance Market, by every market segment
    14. The market size (both volume and value) of Japan EV Insurance Market in 2022-2027 and every year in between?
    15. Global production breakup of Japan EV 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, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    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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