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Motor Insurance Market

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Motor Insurance Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Policy Type (Liability Insurance, Comprehensive Coverage, Collision Coverage, Personal Injury Protection); By Premium Type (Personal Insurance Premiums, Commercial Insurance Premiums); By Distribution Channel (Insurance Agents/Brokers, Direct Response, Banks); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA))

  • Published Date: January 2024
  • Report ID: BWC24005
  • Available Format: PDF
  • Page: 400

Report Overview

An increase in accident rates, the implementation of strict government regulations mandating auto insurance adoption, and the global rise in automobile sales are key driving factors for the growth of the Global Motor Insurance Market during the forecast period between 2023 and 2029.

Global Motor Insurance Market Industry Trends & Forecast Report, 2029

Global Motor Insurance Market size was estimated at USD 720.23 Billion in 2022. During the forecast period between 2023 and 2029, the size of Global Motor Insurance Market is projected to grow at a CAGR of 7.86% reaching a value of USD 1,134 Billion by 2029. Global Motor Insurance Market is propelled by factors such as increasing vehicle ownership, urbanization, and stringent regulations mandating insurance coverage. Technological advancements, particularly in telematics and data analytics, drive personalized pricing models and risk assessment. Emerging markets and rising disposable incomes contribute to a growing customer base. Additionally, the adoption of usage-based insurance and demand for innovative coverage options influence market dynamics. The impact of disruptive trends like autonomous vehicles and digital platforms further shapes the evolution of the motor insurance landscape, emphasizing the need for adaptability and technology integration within the industry.

Motor Insurance Market

Motor Insurance – Overview

Motor insurance, also referred to as vehicle insurance, car insurance, or auto insurance, is a form of insurance designed to provide financial safeguarding for cars, trucks, motorcycles, and other vehicles used on the road. Its primary purpose is to offer protection against physical damage or bodily injury resulting from accidents, as well as liability arising from incidents involving a vehicle. Vehicle insurance may further include coverage for theft of the vehicle and damage caused by non-collision events, such as vandalism, weather conditions, natural disasters, or collisions with stationary objects. The precise terms and conditions of vehicle insurance are subject to legal regulations specific to each region.

Global Motor Insurance Market

Growth Drivers

Adoption of Telematics Technology

The integration of advanced telematics technology is revolutionizing the Global Motor Insurance Market. Real-time data collection from vehicles enables insurers to personalize policies based on individual driving behavior, fostering a shift from traditional risk assessment models. The data-driven approach not only enhances underwriting accuracy but also encourages safer driving habits, reducing claims and costs. As consumers increasingly value personalized and usage-based insurance, the adoption of telematics is propelling the market forward, creating a dynamic landscape that prioritizes innovation and efficiency in the motor insurance sector.

Restraints

Rising Costs and Evolving Risks

The Global Motor Insurance Market faces mounting challenges as increasing repair and medical costs, coupled with evolving risks such as cybersecurity threats and autonomous vehicle technology, restrain industry growth. Insurers grapple with the need for innovative solutions amidst a shifting landscape, emphasizing the urgency for adaptive strategies to navigate these complexities. As the sector strives to balance risk and affordability, a dynamic approach is essential to sustain and thrive in an ever-changing motor insurance landscape.

Impact of Escalating Geopolitical Tensions on Global Motor Insurance Market

Escalating geopolitical tensions, notably the Russia-Ukraine war, have significantly impacted the Global Motor Insurance Market. Heightened uncertainties and geopolitical risks have led to increased insurance premiums and a surge in claims, affecting market dynamics. The conflict has disrupted supply chains, impacted vehicle production, and led to increased insurance costs. Geopolitical instability has fueled economic uncertainties, influencing consumer behavior and insurance purchasing patterns. Insurers face challenges in assessing and managing risks in regions affected by conflict, further complicating market dynamics. The Global Motor Insurance Market is witnessing shifts in demand, pricing, and risk assessment strategies as it adapts to the evolving geopolitical landscape shaped by ongoing conflicts.

Global Motor Insurance Market

Segmental Coverage

Global Motor Insurance Market – By Policy Type

Based on policy type, Global Motor Insurance Market is divided into Liability Insurance, Comprehensive Coverage, Collision Coverage, and Personal Injury Protection segments. The liability insurance segment holds the highest market share, addressing the financial responsibility for damages to third parties. The segment plays a crucial role in mitigating risks associated with accidents and is a cornerstone in the motor insurance landscape, reflecting the broader commitment to ensuring accountability and coverage in the event of unforeseen circumstances.

Motor Insurance Market Share

Global Motor Insurance Market – By Premium Type

Based on premium type, Global Motor Insurance Market is divided into Personal Insurance Premiums and Commercial Insurance Premiums segments. The commercial insurance premiums segment is a higher contributor to the growth of Global Motor Insurance Market. The dominance indicates a significant focus on insuring commercial vehicles and fleets, reflecting the substantial economic activity associated with businesses and industries. The emphasis on risk management and coverage for commercial assets and operations underscores the importance of the segment within the broader motor insurance market. As businesses continue to expand globally, the demand for commercial insurance coverage is expected to contribute significantly to the market's overall growth.

Global Motor Insurance Market – By Distribution Channel

Based on distribution channel, Global Motor Insurance Market is divided into Insurance Agents/Brokers, Direct Response, and Banks segments. The insurance agents/brokers segment holds the largest share in the Global Motor Insurance Market by distribution channel. The segment involves intermediaries who connect insurance providers with customers, offering personalized advice and facilitating transactions. Their pivotal role in the insurance ecosystem positions them as a dominant force in the market, influencing customer choices and driving substantial business.

Global Motor Insurance Market – By Region

Global Motor Insurance Market is divided into five regions: North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East and Africa (MEA). APAC leads the Global Motor Insurance Market, reflecting the region's significant economic growth, increasing urbanization, and expanding automotive markets. With a burgeoning middle class and rising vehicle ownership, the APAC motor insurance market experiences robust demand, driven by increased mobility, urbanization, and regulatory mandates, making it a key focal point for insurance providers seeking growth opportunities in the dynamic global motor insurance landscape.

Competitive Landscape

Major players in the Global Motor Insurance Market include Allianz SE, State Farm, AXA SA, Ping An Insurance, Assicurazioni Generali, Zurich AG, GEICO, AllState, and Bajaj Finserv. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

  • In March 2022 - Liberty Mutual Insurance completed the acquisition of State Auto Group, a regional property and casualty insurance holding company. Through this acquisition, Liberty Mutual Insurance added about USD 2.3 billion worth of premiums.

  • In January 2021 - The Allstate Corporation, a US-based insurance company, acquired National General Holdings Corp for USD 4 billion. With this acquisition, the company planned to advance its strategy of increasing personal lines insurance market share. National General Holdings is a US-based insurance company operating in the motor insurance market.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)

Product/Service Segmentation

Policy Type, Premium Type, Distribution Channel, Region

Key Players

Allianz SE, State Farm, AXA SA, Ping An Insurance, Assicurazioni Generali, Zurich AG, GEICO, AllState, Bajaj Finserv

 

 

By Policy Type

    • Liability Insurance

    • Comprehensive Coverage

    • Collision Coverage

    • Personal Injury Protection

By Premium Type

    • Personal Insurance Premiums

    • Commercial Insurance Premiums

By Distribution Channel

    • Insurance Agents/Brokers

    • Direct Response

    • Banks

By Region

    • North America

    • Europe

    • Asia Pacific (APAC)

    • Latin America (LATAM)

    • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Global Motor Insurance Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing traffic incidents and regulatory requirements
        2. Increasing awareness of the benefits of motor insurance
      2. Restraints
        1. High cost of motor insurance
      3. Opportunities
        1. Development of new products and services
      4. Challenges
        1. Competition from new entrants
        2. Cybersecurity risks
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  Global Motor Insurance Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Policy Type
        1. Liability Insurance
        2. Comprehensive Coverage
        3. Collision Coverage
        4. Personal Injury Protection
        5. Others
      2. By Premium Type
        1. Personal Insurance Premiums
        2. Commercial Insurance Premiums
      3. By Distribution Channel
        1. Insurance Agents/Brokers
        2. Direct Response
        3. Banks
        4. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Motor Insurance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Policy Type
      2. By Premium Type
      3. By Distribution Channel
      4. By Country
        1. United States
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        2. Canada
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
  6. Europe Motor Insurance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Policy Type
      2. By Premium Type
      3. By Distribution Channel
      4. By Country
        1. Germany
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        2. United Kingdom
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        3. Italy
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        4. France
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        5. Spain
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        6. Belgium
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        7. Russia
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        8. The Netherlands
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        9. Rest of Europe
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
  7. Asia Pacific Motor Insurance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Policy Type
      2. By Premium Type
      3. By Distribution Channel
      4. By Country
        1. China
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        2. India
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        3. Japan
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        4. South Korea
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        5. Australia & New Zealand
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        6. Indonesia
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        7. Malaysia
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        8. Singapore
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        9. Vietnam
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        10. Rest of APAC
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
  8. Latin America Motor Insurance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Policy Type
      2. By Premium Type
      3. By Distribution Channel
      4. By Country
        1. Brazil
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        2. Mexico
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        3. Argentina
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        4. Peru
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        5. Rest of LATAM
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
  9. Middle East & Africa Motor Insurance Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Policy Type
      2. By Premium Type
      3. By Distribution Channel
      4. By Country
        1. Saudi Arabia
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        2. UAE
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        3. Qatar
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        4. Kuwait
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        5. South Africa
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        6. Nigeria
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        7. Algeria
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
        8. Rest of MEA
          1. By Policy Type
          2. By Premium Type
          3. By Distribution Channel
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Motor Insurance Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Escalating Geopolitical Tensions on Global Motor Insurance Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Allianz SE
    2. State Farm
    3. AXA SA
    4. Ping An Insurance
    5. Assicurazioni Generali
    6. Zurich AG
    7. GEICO
    8. AllState
    9. Bajaj Finserv
    10. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.   Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.   Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Global Motor Insurance Segmentation

Figure 2       Global Motor Insurance Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2021

Figure 4       Global Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 5       Global Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 6       Global Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 7       Global Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 8       Global Motor Insurance Market Share, By Region, By Value, 2019–2029

Figure 9       North America Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 10     North America Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 11     North America Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 12     North America Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 13     North America Motor Insurance Market Share, By Country, By Value, 2019–2029

Figure 14     United States Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 15     United States Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 16     United States Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 17     United States Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 18     Canada Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 19     Canada Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 20     Canada Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 21     Canada Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 22     Europe Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 23     Europe Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 24     Europe Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 25     Europe Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 26     Europe Motor Insurance Market Share, By Country, By Value, 2019–2029

Figure 27     Germany Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 28     Germany Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 29     Germany Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 30     Germany Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 31     .United Kingdom Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 32     United Kingdom Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 33     United Kingdom Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 34     United Kingdom Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 35     Italy Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 36     Italy Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 37     Italy Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 38     Italy Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 39     France Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 40     France Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 41     France Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 42     France Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 43     Spain Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 44     Spain Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 45     Spain Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 46     Spain Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 47     Belgium Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 48     Belgium Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 49     Belgium Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 50     Belgium Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 51     Russia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 52     Russia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 53     Russia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 54     Russia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 55     The Netherlands Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 56     The Netherlands Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 57     The Netherlands Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 58     The Netherlands Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 59     Rest of Europe Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 60     Rest of Europe Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 61     Rest of Europe Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 62     Rest of Europe Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 63     Asia Pacific Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 64     Asia Pacific Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 65     Asia Pacific Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 66     Asia Pacific Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 67     Asia Pacific Motor Insurance Market Share, By Country, By Value, 2019–2029

Figure 68     China Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 69     China Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 70     China Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 71     China Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 72     India Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 73     India Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 74     India Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 75     India Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 76     Japan Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 77     Japan Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 78     Japan Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 79     Japan Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 80     South Korea Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 81     South Korea Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 82     South Korea Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 83     South Korea Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 84     Australia & New Zealand Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 85     Australia & New Zealand Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 86     Australia & New Zealand Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 87     Australia & New Zealand Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 88     Indonesia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 89     Indonesia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 90     Indonesia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 91     Indonesia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 92     Malaysia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 93     Malaysia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 94     Malaysia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 95     Malaysia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 96     Singapore Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 97     Singapore Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 98     Singapore Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 99     Singapore Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 100   Vietnam Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 101   Vietnam Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 102   Vietnam Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 103   Vietnam Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 104   Rest of APAC Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 105   Rest of APAC Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 106   Rest of APAC Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 107   Rest of APAC Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 108   Latin America Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 109   Latin America Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 110   Latin America Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 111   Latin America Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 112   Latin America Motor Insurance Market Share, By Country, By Value, 2019–2029

Figure 113   Brazil Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 114   Brazil Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 115   Brazil Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 116   Brazil Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 117   Mexico Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 118   Mexico Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 119   Mexico Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 120   Mexico Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 121   Argentina Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 122   Argentina Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 123   Argentina Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 124   Argentina Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 125   Peru Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 126   Peru Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 127   Peru Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 128   Peru Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 129   Rest of LATAM Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 130   Rest of LATAM Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 131   Rest of LATAM Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 132   Rest of LATAM Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 133   Middle East & Africa Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 134   Middle East & Africa Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 135   Middle East & Africa Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 136   Middle East & Africa Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 137   Middle East & Africa Motor Insurance Market Share, By Country, By Value, 2019–2029

Figure 138   Saudi Arabia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 139   Saudi Arabia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 140   Saudi Arabia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 141   Saudi Arabia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 142   UAE Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 143   UAE Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 144   UAE Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 145   UAE Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 146   Qatar Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 147   Qatar Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 148   Qatar Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 149   Qatar Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 150   Kuwait Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 151   Kuwait Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 152   Kuwait Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 153   Kuwait Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 154   South Africa Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 155   South Africa Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 156   South Africa Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 157   South Africa Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 158   Nigeria Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 159   Nigeria Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 160   Nigeria Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 161   Nigeria Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 162   Algeria Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 163   Algeria Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 164   Algeria Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 165   Algeria Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Figure 166   Rest of MEA Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Figure 167   Rest of MEA Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Figure 168   Rest of MEA Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Figure 169   Rest of MEA Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

 

List of Tables

Table 1        Global Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 2 Global Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 3 Global Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 4 Global Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 5 Global Motor Insurance Market Share, By Region, By Value, 2019–2029

Table 6 North America Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 7 North America Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 8 North America Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 9 North America Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 10      North America Motor Insurance Market Share, By Country, By Value, 2019–2029

Table 11      United States Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 12      United States Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 13      United States Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 14      United States Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 15      Canada Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 16      Canada Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 17      Canada Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 18      Canada Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 19      Europe Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 20      Europe Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 21      Europe Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 22      Europe Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 23      Europe Motor Insurance Market Share, By Country, By Value, 2019–2029

Table 24      Germany Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 25      Germany Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 26      Germany Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 27      Germany Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 28      United Kingdom Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 29      United Kingdom Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 30      United Kingdom Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 31      United Kingdom Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 32      Italy Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 33      Italy Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 34      Italy Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 35      Italy Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 36      France Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 37      France Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 38      France Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 39      France Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 40      Spain Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 41      Spain Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 42      Spain Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 43      Spain Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 44      Belgium Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 45      Belgium Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 46      Belgium Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 47      Belgium Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 48      Russia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 49      Russia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 50      Russia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 51      Russia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 52      The Netherlands Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 53      The Netherlands Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 54      The Netherlands Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 55      The Netherlands Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 56      Rest of Europe Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 57      Rest of Europe Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 58      Rest of Europe Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 59      Rest of Europe Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 60      Asia Pacific Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 61      Asia Pacific Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 62      Asia Pacific Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 63      Asia Pacific Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 64      Asia Pacific Motor Insurance Market Share, By Country, By Value, 2019–2029

Table 65      China Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 66      China Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 67      China Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 68      China Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 69      India Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 70      India Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 71      India Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 72      India Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 73      Japan Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 74      Japan Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 75      Japan Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 76      Japan Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 77      South Korea Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 78      South Korea Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 79      South Korea Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 80      South Korea Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 81      Australia & New Zealand Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 82      Australia & New Zealand Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 83      Australia & New Zealand Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 84      Australia & New Zealand Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 85      Indonesia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 86      Indonesia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 87      Indonesia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 88      Indonesia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 89      Malaysia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 90      Malaysia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 91      Malaysia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 92      Malaysia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 93      Singapore Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 94      Singapore Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 95      Singapore Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 96      Singapore Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 97      Vietnam Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 98      Vietnam Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 99      Vietnam Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 100    Vietnam Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 101    Rest of APAC Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 102    Rest of APAC Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 103    Rest of APAC Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 104    Rest of APAC Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 105    Latin America Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 106    Latin America Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 107    Latin America Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 108    Latin America Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 109    Latin America Motor Insurance Market Share, By Country, By Value, 2019–2029

Table 110    Brazil Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 111    Brazil Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 112    Brazil Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 113    Brazil Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 114    Mexico Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 115    Mexico Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 116    Mexico Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 117    Mexico Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 118    Argentina Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 119    Argentina Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 120    Argentina Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 121    Argentina Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 122    Peru Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 123    Peru Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 124    Peru Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 125    Peru Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 126    Rest of LATAM Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 127    Rest of LATAM Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 128    Rest of LATAM Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 129    Rest of LATAM Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 130    Middle East & Africa Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 131    Middle East & Africa Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 132    Middle East & Africa Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 133    Middle East & Africa Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 134    Middle East & Africa Motor Insurance Market Share, By Country, By Value, 2019–2029

Table 135    Saudi Arabia Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 136    Saudi Arabia Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 137    Saudi Arabia Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 138    Saudi Arabia Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 139    UAE Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 140    UAE Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 141    UAE Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 142    UAE Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 143    Qatar Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 144    Qatar Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 145    Qatar Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 146    Qatar Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 147    Kuwait Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 148    Kuwait Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 149    Kuwait Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 150    Kuwait Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 151    South Africa Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 152    South Africa Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 153    South Africa Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 154    South Africa Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 155    Nigeria Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 156    Nigeria Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 157    Nigeria Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 158    Nigeria Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 159    Algeria Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 160    Algeria Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 161    Algeria Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 162    Algeria Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 163    Rest of MEA Motor Insurance Market Size, By Value (USD Billion), 2019–2029

Table 164    Rest of MEA Motor Insurance Market Share, By Policy Type, By Value, 2019–2029

Table 165    Rest of MEA Motor Insurance Market Share, By Premium Type, By Value, 2019–2029

Table 166    Rest of MEA Motor Insurance Market Share, By Distribution Channel, By Value, 2019–2029

Table 167    Allianz SE Company Overview

Table 168    Allianz SE Financial Overview

Table 169    State Farm Company Overview

Table 170    State Farm Financial Overview

Table 171    AXA SA Company Overview

Table 172    AXA SA Financial Overview

Table 173    Ping An Insurance Company Overview

Table 174    Ping An Insurance Financial Overview

Table 175    Assicurazioni Generali Company Overview

Table 176    Assicurazioni Generali Financial Overview

Table 177    Zurich AG Company Overview

Table 178    Zurich AG Financial Overview

Table 179    GEICO Company Overview

Table 180    GEICO Financial Overview

Table 181    AllState Company Overview

Table 182    AllState Financial Overview

Table 183    Bajaj Finserv Company Overview

Table 184    Bajaj Finserv Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Motor Insurance Market size was estimated at USD 720.23 Billion in 2022.
Ans: Global Motor Insurance Market size is expected to grow at a CAGR of 7.86% during the forecast period between 2023 and 2029.
Ans: Global Motor Insurance Market size is expected to reach a market value of USD 1134 Billion by 2029.
Ans: Major factors driving the growth of the Global Motor Insurance Market include an increase in accident rates, the implementation of strict government regulations mandating auto insurance adoption, and the global rise in automobile sales.
Ans: Asia Pacific holds a significant market share in the Global Motor Insurance Market.
Ans: The insurance agents/brokers segment segment accounts for the highest market share in the Global Motor Insurance Market by distribution channel.
Ans: The liability insurance segment accounts for the highest market share in the Global Motor Insurance Market by policy type.
Ans: Key players in the Global Motor Insurance Market include Allianz SE, State Farm, AXA SA, Ping An Insurance, Assicurazioni Generali, Zurich AG, GEICO, AllState, and Bajaj Finserv.