Astute Analytica’s recently published report on the Global ASEAN Automotive Insurance Market offers the latest data and determines growth prospects and challenges. A tool for evaluating the potential for new goods and services is the constraints and opportunity analysis. This aids businesses in locating and forecasting market opportunities.
The study also contains a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields as well as representatives from various industries found all along the supply chain.
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According to the report, the size of the ASEAN Automotive Insurance Market is forecast to see a rise in market size to more than US$ 17,165 Million by 2027, registering a CAGR of 5.6% over the 6 years forecast term. ASEAN automotive insurance market is analyzed for the period 2017 to 2027, wherein 2017-2020 is the historic data, 2021 is considered as the base year and 2022-2027 are forecast values. The paper discusses further findings that researchers made based on the comprehensive data and also offers information on the state of the market.
The paper discusses kinds and applications based on various nations and important locations. The market’s most active companies are described in detail with regard to attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
Leading Companies
- AVIVA Ltd
- Berkshire Hathaway Inc.
- China Pacific Insurance Co.
- Chubb Group
- People’s Insurance Company of China
- Ping An Insurance (Group) Company of China
- State Farm Mutual Automobile Insurance’ Tokio Marine Group
- Admiral Group Plc
- AIG (American International Group, Inc.)
- Allianz
- Allstate Insurance Company
We continuously monitor the direct impact COVID-19 (Update Omicron mutations study) has on the market, in addition to the indirect influence of related industries. The report will contain the observations.
The geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. We’ll discuss the predicted growth of the market in this region between 2021 and 2031.
Segmentation Overview
By Risk Coverage
- Collision Coverage
- Comprehensive Coverage
- Liability Coverage
- Personal Injury Coverage
- Uninsured Motorist Coverage
- Add-ons
- Road-side assistance
- Engine replacement
- Nil Depreciation
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By Coverage Term
- One year
- 3 Years
- 5 Years
- More than 5 years
By Distribution Channel
- Agency
- Bank
- Brokers and Insurance Marketplaces
- Direct
- Others
By Vehicle Type
- ICE Vehicles
- Petrol
- Diesel
- Other
- Electric Vehicles
- Hybrid
By Vehicle Application
- Personal
- 2 Wheelers
- 4 Wheelers
- Commercial
- Passenger
- Heavy Vehicles
- Off-road Vehicles
By Vehicle Ownership
- New Vehicles
- Used Vehicles
By End-user
- Individuals
- Businesses
- Enterprise
- Logistics
- Retail
- Education
- Energy & Mining
- Construction
- Others
By Region
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of ASEAN
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