NAMIBIA MOTOR INSURANCE MARKET

INTRODUCTION

 A motor insurance policy is a legal requirement provided by an insurance company to protect the public from any accidents that may occur on the road as part of the prevention of public liability.

Every owner of a motor vehicle is required by law to have at least one auto insurance policy. Motor insurance policies are classified into two types: act only and comprehensive.

The 'Act alone' coverage compensates for death or bodily harm, as well as third-party property damage. All others are considered third parties, whereas the insured is considered the first party and the insurance company is considered the second party.

If the motor is purchased via a hire-purchase agreement, the financiers want a comprehensive policy to protect their collateral interest.

NAMIBIA MOTOR INSURANCE MARKET SIZE AND FORECAST

The Namibia 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.

NEW PRODUCT LAUNCH

In today's ever-changing environment, Hollard  in Nambia  views their Comprehensive Motor Insurance alternatives through the lens of clever, inventive personalised solutions.

They assure the road ahead will be travelled with total peace of mind knowing that no matter what occurs, they have  got one  covered by creating faster, easier, and more reliable routes to serve their consumers.

They guarantee the retail value of your automobile for a year, and if they insure a brand new car, they will replace it with a new one within the first year.

They also provide coverage for: Coverage for courtesy motors. After-repair delivery. Hotel expenses in an emergency. Repairs for emergencies.

Remote controllers, keys, and locks. Medical costs. Audio Equipment. Towing and storage after an accident or attempted theft. Counseling for Trauma.

Users have the option of adding more coverage:(regular / extended) car rental. Extras and upgraded equipment. Paying off your car. Coverage for the vehicle's deposit

COMPANY PROFILE

• Liberty Life Namibia Ltd 
• Bonben Assurance Namibia Ltd 
• Hollard Life Namibia Ltd 
•  Entrepo Life Ltd 
• Old Mutual Life Assurance Co. 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perNamibia Motor Insurance Marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aMotor Insurance Marketin theNamibia?
3. How manyNamibia 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 aNamibia Motor Insurance Marketand key vendor selection criteria
6. Where is theNamibia Motor Insurance Marketmanufactured? What is the average margin per equipment?
7. Market share ofNamibia Motor Insurance Marketmanufacturers and their upcoming products
8. The most important plannedNamibia Motor Insurance Marketin next 2 years
9. Details on network of majorNamibia Motor Insurance Marketand pricing plans
10. Cost advantage for OEMs who manufactureNamibia Motor Insurance Marketin-house
11. 5 key predictions for next 5 years inNamibia Motor Insurance Market
12. Average B-2-BNamibia Motor Insurance Marketprice in all segments
13. Latest trends inNamibia Motor Insurance Market, by every market segment
14. The market size (both volume and value) ofNamibia Motor Insurance Marketin 2022-2030 and every year in between?
15. Global production breakup ofNamibia Motor Insurance Market, by suppliers and their OEM relationship