SAUDI ARABIA EV INSURANCE MARKET

INTRODUCTION

As more drivers switch to environmentally friendly forms of transportation, the market for electric vehicles in Saudi Arabia is expanding, propelling the country to the top spot in the most recent industry index for the first time.

As the government looks to find sustainable alternatives to help cut carbon emissions and aid in the battle against climate change, the adoption of EVs is increasing across the nation.

Saudi Arabia is taking steps to begin producing electric vehicles domestically and to take advantage of the large opportunity the market for electric vehicles offers. All of this will cause EV Insurance providers to provide specially tailored policies for its EV consumers, and the sector will develop as a consequence.

SAUDI ARABIA EV INSURANCE MARKET SIZE AND FORECAST

The Saudi Arabia 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

One of the largest non-life foreign insurers in the area, AXA Insurance, which is known as AXA Cooperative in Saudi Arabia, has started a new vehicle insurance campaign.

The company's new brand campaign in the Kingdom, which was a huge success on social media and in conventional media, was followed closely by the company's vehicle insurance campaign, which is a significant step forward for AXA Cooperative.

The month-long new advertising campaign emphasizes the special advantages of the personalized vehicle insurance solutions offered by a renowned company like AXA.

AXA's vehicle insurance products provide "unmatched value for money," are tailored to the needs of clients in the Kingdom, and include other characteristics that are exclusive to AXA, such as global service standards, a digital presence, and special brand and product features. With AXA's motor insurance alternatives, consumers may choose the cheap car insurance options and covers they require.

COMPANY PROFILE

• Axa Cooperative Insurance Company
• Malath Cooperative Insurance Co.
• Tawuniya
• The Mediterranean And Gulf Cooperative Insurance (Medgulf)
• Allianz Saudi Fransi

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Saudi Arabia EV Insurance Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aEV Insurance MarketinSaudi Arabia?
3. How manySaudi Arabia EV 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 a Saudi Arabia EV Insurance Market and key vendor selection criteria
6. Where is theSaudi Arabia EV Insurance Marketmanufactured? What is the average margin per equipment?
7. Market share ofSaudi Arabia EV Insurance Market manufacturers and their upcoming products
8. The most important planned Saudi Arabia EV Insurance Market in next 2 years
9. Details on network of majorSaudi Arabia EV Insurance Market and pricing plans
10. Cost advantage for OEMs who manufactureSaudi Arabia EV Insurance Market in-house
11. 5 key predictions for next 5 years inSaudi Arabia EV Insurance Market
12. Average B-2-BSaudi Arabia EV Insurance Marketprice in all segments
13. Latest trends inSaudi Arabia EV Insurance Market, by every market segment
14. The market size (both volume and value) ofSaudi Arabia EV Insurance Marketin 2022-2027 and every year in between?
15. Global production breakup ofSaudi Arabia EV Insurance Market, by suppliers and their OEM relationship