Global Two-wheeler Insurance Market Report 2022

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Dublin, May 09, 2022 (GLOBE NEWSWIRE) — The report “Two-wheeler Insurance Market by Policy Type, Distribution Channel and Vehicle Age: Global Opportunities Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

Although insurance requirements for two-wheelers vary from state to state, liability for bodily injury and property damage has been mandatory in many jurisdictions before using or keeping a vehicle on public roads. The two-wheeler insurance market has great potential for growth, as the number of road accidents is increasing in most countries of the world.

Additionally, along with mandatory coverage, the Motor Vehicle Act has revised the penalties for violating possession of a basic mandatory liability insurance policy, which has led to many uninsured vehicles in the field of insurance. All of these factors contribute to the increase in sales of two-wheeler insurance policies.

An increase in the number of accidents, the implementation of strict government regulations for the adoption of two-wheeler insurance and an increase in automobile sales worldwide due to an increase in the per capita income of consumers are the major factors driving the growth of the global two-wheeler. insurance market. Additionally, the adoption of autonomous vehicles is hampering the growth of the market. Furthermore, implementation of technologies in existing products and service lines and increasing demand for liability coverage in emerging economies are expected to provide lucrative opportunities for market expansion during the period of forecast.

The global two-wheeler insurance market is segmented into policy type, distribution channel, vehicle age, and region. In terms of policy type, it is fragmented into liability coverage and comprehensive coverage. By distribution channel, it is separated into insurance agents/brokers, direct response, banks and others. According to the age of the vehicle, it is divided into new vehicle and used vehicle. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key benefits of the report:

  • The study provides an in-depth analysis of the global Motorbike Insurance market forecast along with current trends and future estimates to explain the impending investment pockets.

  • Information on major drivers, restraints and opportunities and their impact analysis on the global market are provided in the report.

  • Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.

  • Quantitative market analysis from 2021 to 2030 is provided to determine the market potential.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Main conclusions
2.2. CXO point of view

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key forces shaping the two-wheeler insurance market
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Increase in the number of traffic accidents
3.3.1.2. Regulatory requirements for adopting two-wheeler insurance
3.3.2. Detention
3.3.2.1. Ignorance of the two-wheeler insurance policy
3.3.3. Opportunities
3.3.3.1. Increase in demand for two-wheeler insurance products and services
3.3.3.2. Implementation of technologies in existing product and service lines
3.4. Impact analysis of COVID-19 on the two-wheeler insurance market
3.4.1. Impact on market size
3.4.2. Changing consumer trends, preferences and budget impact due to COVID-19
3.4.3. Economic impact
3.4.4. Strategies of key players to combat the negative impact in the industry
3.4.5. Analysis of opportunities for 2-wheel suppliers

CHAPTER 4: TWO-WHEEL INSURANCE MARKET, BY POLICY TYPE
4.1. Insight
4.2. Liability insurance
4.3. Back to back insurance

CHAPTER 5: TWO-WHEEL INSURANCE MARKET BY DISTRIBUTION CHANNEL
5.1. Insight
5.2. Insurance Agents/Brokers
5.3. Direct Response/Insurance Companies
5.4. Others

CHAPTER 6: TWO-WHEEL INSURANCE MARKET, BY VEHICLE AGE
6.1. Insight
6.2. New vehicle
6.3. Used Vehicle

CHAPTER 7: TWO-WHEEL INSURANCE MARKET, BY REGION
7.1. Insight
7.1.1. Market size and forecast, by region
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. LAMEA

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Analysis of the positioning of key players, 2020
8.2. Competitive Dashboard
8.3. The best winning strategies

CHAPTER 9: COMPANY PROFILES

  • State Farm Mutual Auto Insurance

  • GEICO

  • Allstate Insurance Company

  • Bajaj Allianz General Insurance

  • Farmers

  • dairy country

  • Liberty General Insurance Ltd.

  • ACKO General Insurance Limited

  • Progressive multi-risk insurance company

  • USAA

For more information on this report visit https://www.researchandmarkets.com/r/teeatq

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