Setting

Europe Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel (Brokers & Agency, Financial Institutes, Direct Sales, Others), and Country: Trend Outlook and Growth Opportunity

Published: 30 Aug 2021 | Report Code: 10248106 | Pages: 92

Europe motor insurance market accounted for $168.8 million in 2020 and will grow by 5.3% annually over 2020-2027 owing to the mandatory requirement for vehicle insurance in various countries, the increased number of sales of new vehicles, the growing urbanization, and the rising disposable income among the middle income population. Highlighted with 30 tables and 38 figures, this 92-page report “Europe Motor Insurance Market 2020-2027 by Policy Type (Liability, Comprehensive, Collision, Personal Injury), Premium Type (Personal, Commercial), Distribution Channel (Brokers & Agency, Financial Institutes, Direct Sales, Others), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire Europe motor insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2027 with 2019 as the base year. (The year 2020 is not appropriate for research base due to the outbreak of COVID-19.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe motor insurance market in every aspect of the classification from perspectives of Policy Type, Premium Type, Distribution Channel, and Country. Based on Policy Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section. • Liability Insurance • Comprehensive Coverage • Collision Coverage • Personal Injury Protection Based on Premium Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section. • Personal Insurance Premiums • Commercial Insurance Premiums Based on Distribution Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2017-2027 included in each section. • Brokers & Agency • Financial Institutes • Direct Sales • Other Distribution Channels Geographically, the following regions together with the listed national/local markets are fully investigated: • Germany • UK • France • Spain • Italy • Russia • Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2017-2027. The breakdown of key national markets by Policy Type, Premium Type, and Distribution Channel over the forecast years is also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Allianz SE Allstate Corporation Assicurazioni Generali Aviva Plc Berkshire Hathaway Inc Chubb Ltd. GEICO ICICI Lombard General Insurance Co., Ltd. Liberty Mutual Insurance Nationwide Mutual Insurance People's Insurance Company of China Ltd. (PICC) Ping An Insurance (Group) Co. of China Ltd. Porto Seguro S.A Samsung Fire and Marine Insurance Co., Ltd. Sompo Holdings Inc State Farm Mutual Automobile Insurance Company Zurich Insurance Group AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table Of Contents

1 Introduction	5
1.1 Industry Definition and Research Scope	5
1.1.1 Industry Definition	5
1.1.2 Research Scope	6
1.2 Research Methodology	9
1.2.1 Overview of Market Research Methodology	9
1.2.2 Market Assumption	10
1.2.3 Secondary Data	10
1.2.4 Primary Data	10
1.2.5 Data Filtration and Model Design	11
1.2.6 Market Size/Share Estimation	12
1.2.7 Research Limitations	13
1.3 Executive Summary	14
2 Market Overview and Dynamics	16
2.1 Market Size and Forecast	16
2.1.1 Impact of COVID-19 on World Economy	17
2.1.2 Impact of COVID-19 on the Market	19
2.2 Major Growth Drivers	21
2.3 Market Restraints and Challenges	26
2.4 Emerging Opportunities and Market Trends	29
2.5 Porter’s Fiver Forces Analysis	33
3 Segmentation of Europe Market by Policy Type	37
3.1 Market Overview by Policy Type	37
3.2 Liability Insurance	39
3.3 Comprehensive Coverage	40
3.4 Collision Coverage	41
3.5 Personal Injury Protection	42
4 Segmentation of Europe Market by Premium Type	43
4.1 Market Overview by Premium Type	43
4.2 Personal Insurance Premiums	45
4.3 Commercial Insurance Premiums	46
5 Segmentation of Europe Market by Distribution Channel	47
5.1 Market Overview by Distribution Channel	47
5.2 Brokers & Agency	49
5.3 Financial Institutes	50
5.4 Direct Sales	51
5.5 Other Distribution Channels	52
6 European Market 2020-2027 by Country	53
6.1 Overview of European Market	53
6.2 UK	56
6.3 France	58
6.4 Germany	60
6.5 Spain	62
6.6 Italy	64
6.7 Russia	66
6.8 Rest of European Market	68
7 Competitive Landscape	70
7.1 Overview of Key Vendors	70
7.2 New Product Launch, Partnership, Investment, and M&A	73
7.3 Company Profiles	74
Allianz SE	74
Allstate Corporation	76
Assicurazioni Generali	77
Aviva Plc	78
Berkshire Hathaway Inc	79
Chubb Ltd.	80
GEICO	81
ICICI Lombard General Insurance Co., Ltd.	82
Liberty Mutual Insurance	83
Nationwide Mutual Insurance	84
People's Insurance Company of China Ltd. (PICC)	85
Ping An Insurance (Group) Co. of China Ltd.	86
Porto Seguro S.A	87
Samsung Fire and Marine Insurance Co., Ltd.	88
Sompo Holdings Inc	89
State Farm Mutual Automobile Insurance Company	90
Zurich Insurance Group AG	91
RELATED REPORTS	92
List of Tables:

Table 1.  Snapshot of Europe Motor Insurance Market in Balanced Perspective, 2020-2027	15
Table 2. Growth Rate of World GDP, 2020-2022	18
Table 3.  Main Product Trends and Market Opportunities in Europe Motor Insurance Market	29
Table 4. Europe Motor Insurance Market by Policy Type, 2017-2027, $ mn	37
Table 5. Europe Motor Insurance Market by Premium Type, 2017-2027, $ mn	43
Table 6. Europe Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	47
Table 7. Europe Motor Insurance Market by Country, 2017-2027, $ mn	55
Table 8. UK Motor Insurance Market by Policy Type, 2017-2027, $ mn	57
Table 9. UK Motor Insurance Market by Premium Type, 2017-2027, $ mn	57
Table 10. UK Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	57
Table 11. France Motor Insurance Market by Policy Type, 2017-2027, $ mn	59
Table 12. France Motor Insurance Market by Premium Type, 2017-2027, $ mn	59
Table 13. France Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	59
Table 14. Germany Motor Insurance Market by Policy Type, 2017-2027, $ mn	61
Table 15. Germany Motor Insurance Market by Premium Type, 2017-2027, $ mn	61
Table 16. Germany Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	61
Table 17. Spain Motor Insurance Market by Policy Type, 2017-2027, $ mn	63
Table 18. Spain Motor Insurance Market by Premium Type, 2017-2027, $ mn	63
Table 19. Spain Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	63
Table 20. Italy Motor Insurance Market by Policy Type, 2017-2027, $ mn	65
Table 21. Italy Motor Insurance Market by Premium Type, 2017-2027, $ mn	65
Table 22. Italy Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	65
Table 23. Russia Motor Insurance Market by Policy Type, 2017-2027, $ mn	67
Table 24. Russia Motor Insurance Market by Premium Type, 2017-2027, $ mn	67
Table 25. Russia Motor Insurance Market by Distribution Channel, 2017-2027, $ mn	67
Table 26. Motor Insurance Market in Rest of Europe by Country, 2017-2027, $ mn	69
Table 27. Allianz SE: Company Snapshot	74
Table 28. Allianz SE: Business Segmentation	74
Table 29. Allianz SE: Product Portfolio	75
Table 30. Allianz SE: Revenue, 2018-2020, $ mn	75
List of Figures:

Figure 1. Research Method Flow Chart	9
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation	12
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027	14
Figure 4. Europe Motor Insurance Market, 2017-2027, $ mn	16
Figure 5. Impact of COVID-19 on Business	19
Figure 6. Primary Drivers and Impact Factors of Europe Motor Insurance Market	21
Figure 7. World Vehicle Production by Car Type, 2019-2030, million units	24
Figure 8. Capital Invested in Insurance Tech Companies Worldwide, 2017-2020, $ billion	24
Figure 9. Forecast of Middle-class Population by Region, 2015-2030, million	25
Figure 10. Primary Restraints and Impact Factors of Europe Motor Insurance Market	26
Figure 11. Investment Opportunity Analysis	30
Figure 12. Porter’s Fiver Forces Analysis of Europe Motor Insurance Market	33
Figure 13. Breakdown of Europe Motor Insurance Market by Policy Type, 2020-2027, % of Revenue	37
Figure 14. Contribution to Europe 2021-2027 Cumulative Market by Policy Type, Value ($ mn) and Share (%)	38
Figure 15. Europe Motor Insurance Market: Liability Insurance, 2017-2027, $ mn	39
Figure 16. Europe Motor Insurance Market: Comprehensive Coverage, 2017-2027, $ mn	40
Figure 17. Europe Motor Insurance Market: Collision Coverage, 2017-2027, $ mn	41
Figure 18. Europe Motor Insurance Market: Personal Injury Protection, 2017-2027, $ mn	42
Figure 19. Breakdown of Europe Motor Insurance Market by Premium Type, 2020-2027, % of Revenue	44
Figure 20. Contribution to Europe 2021-2027 Cumulative Market by Premium Type, Value ($ mn) and Share (%)	44
Figure 21. Europe Motor Insurance Market: Personal Insurance Premiums, 2017-2027, $ mn	45
Figure 22. Europe Motor Insurance Market: Commercial Insurance Premiums, 2017-2027, $ mn	46
Figure 23. Breakdown of Europe Motor Insurance Market by Distribution Channel, 2020-2027, % of Revenue	48
Figure 24. Contribution to Europe 2021-2027 Cumulative Market by Distribution Channel, Value ($ mn) and Share (%)	48
Figure 25. Europe Motor Insurance Market: Brokers & Agency, 2017-2027, $ mn	49
Figure 26. Europe Motor Insurance Market: Financial Institutes, 2017-2027, $ mn	50
Figure 27. Europe Motor Insurance Market: Direct Sales, 2017-2027, $ mn	51
Figure 28. Europe Motor Insurance Market: Other Distribution Channels, 2017-2027, $ mn	52
Figure 29. Breakdown of European Motor Insurance Market by Country, 2020 and 2027, % of Revenue	54
Figure 30. Contribution to Europe 2021-2027 Cumulative Market by Country, Value ($ mn) and Share (%)	55
Figure 31.  Motor Insurance Market in UK, 2017-2027, $ mn	56
Figure 32.  Motor Insurance Market in France, 2017-2027, $ mn	58
Figure 33.  Motor Insurance Market in Germany, 2017-2027, $ mn	60
Figure 34.  Motor Insurance Market in Spain, 2017-2027, $ mn	62
Figure 35.  Motor Insurance Market in Italy, 2017-2027, $ mn	64
Figure 36.  Motor Insurance Market in Russia, 2017-2027, $ mn	66
Figure 37.  Motor Insurance Market in Rest of Europe, 2017-2027, $ mn	68
Figure 38. Growth Stage of Europe Motor Insurance Industry over the Forecast Period	70
Key Players (this may not be a complete list and extra companies can be added upon request): 
Allianz SE
Allstate Corporation
Assicurazioni Generali
Aviva Plc
Berkshire Hathaway Inc
Chubb Ltd.
GEICO
ICICI Lombard General Insurance Co., Ltd.
Liberty Mutual Insurance
Nationwide Mutual Insurance
People's Insurance Company of China Ltd. (PICC)
Ping An Insurance (Group) Co. of China Ltd.
Porto Seguro S.A
Samsung Fire and Marine Insurance Co., Ltd.
Sompo Holdings Inc
State Farm Mutual Automobile Insurance Company
Zurich Insurance Group AG
 (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)