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Last Updated: Apr 25, 2025 | Study Period: 2022-2030
A motor 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. Private Car Insurance, Two-Wheeler Insurance, and Commercial Vehicle Insurance are the three categories of insurance.
Consumers are financially protected from excessive medical expenses by an automobile insurance policy. It pays for all medical costs, letting you concentrate on a quick recovery rather than stressing about money.
In the event that their car sustains physical damage, or someone is injured, motor insurance offers financial aid and protects you from third-party liability. It includes a variety of situations.
The Japan 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.
Because of the low sales of automobiles in Japan, the global COVID-19 outbreak has had the greatest impact on motor insurance.
Despite being able to hold its own in the digital sphere, the industry is nevertheless the most negatively impacted in terms of the entire motor insurance market.
The pandemic's biggest effects were felt by offline insurers and dealers who were unable to buy or sell cars because of the lockdown.
The amount of net premiums written for compulsory automotive insurance (CALI) in Japan was billion Japanese yen, which was a decade-low number.
Nearly trillions of yen worth of net premiums were written for voluntary car insurance. Motor insurance might offer financial protection against vehicle theft and incident-related damage.
Big data is gathered by non-life insurance businesses for use in pricing and marketing. In order to evaluate claims payment and customer service tasks like call centers, they are also speeding up their operations.
Additionally, AI (Artificial Intelligence) is anticipated to exercise primary judgment in the future in the areas of insurance sales, underwriting, and claim payment.
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 |