Auto Insurance Expenditure Market Report 2023–2030
Auto Insurance Expenditure

Auto Insurance Expenditure Market Report 2023–2030

Auto insurance is the insurance that covers the loss or damage caused to the automobile or its parts due to natural and man-made calamities. This insurance provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. Many countries mandate that all vehicle owners purchase a minimum amount of auto insurance, but many people purchase additional insurance to protect themselves further. The auto insurance expenditure is an expenditure that a consumer spends on insurance for the vehicle. In the United States, countrywide average auto insurance expenditure rose 6.4 percent in 2017 from 2016 according to the National Association of Insurance Commissioners.

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In January 2018, AXA XL announced that it has merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018.

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#Major_Players

Allianz

AXA

Assicurazioni Generali

The Allstate

American International Group

Berkshire Hathaway Homestate Companies

Zurich Insurance Group

Munich Re

Prudential

China Life Insurance Group

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#Market_Drivers

Rise in the Automobile Sales

Increased Per Capita Income of People

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#Market_Opportunities

Growth in the Automobile Industry

Increased Road Accidents Worldwide

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#Market_Trend

Increased Awareness among Consumers about Auto Insurance Benefits

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#Auto_Insurance_Expenditure Comprehensive Study by #Distribution Channel (Insurance Broker/Agency, Online Channel), Premium (Personal Insurance Premium, Commercial Insurance Premium), Insurance Type (Third-party Liability, Third-party Fire and Theft, Comprehensive)

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What can be explored with the Auto Insurance Expenditure Market Study?

Gain Market Understanding

Identify Growth Opportunities

Analyze and Measure the Global Auto Insurance Expenditure Market by Identifying Investment across various Industry Verticals

Understand the Trends that will drive Future Changes in Auto Insurance Expenditure

Understand the Competitive Scenario

o??Track Right Markets

o??Identify the Right Verticals

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