Personal Auto Insurance Market Analysis By Size, Overview, Challenges, and Growth Opportunities

Edison, NJ — (SBWIRE) — 08/12/2021 — The Global Personal Auto Insurance Market Report assesses developments relevant to the insurance industry and identifies key risks and vulnerabilities for the Personal Auto Insurance Industry to make stakeholders aware with current and future scenarios. A wide range of Insurers, aggregators and agencies were included in the market assessment. Liberty Mutual, State Farm Nationwide, Progressive, Geico, Allstate, USAA & Travelers are some of the most prominent players.

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Globally, the insurance industry experienced strong premium growth in 2019, at percent, whereas growth in 2020 is noticeably slower, at percent. Total premiums (GWP) are expected to reach … by 2026. Personal Auto Insurance Companies looking for top growth opportunities in global insurance markets may explore both the fastest growing and largest developed markets. However, the slowing growth rate suggests that most carriers will need to look further afield. “The growth during this period will be fuelled by the emerging markets in the APAC and Latin American regions”

This report shows the market for Personal Auto Insurance. It also breaks down the market by country type [, Liability Insurance, Physical Damage Insurance & Other], and application .

Geographically, the global version of report covers following regions and country:

– North America [United States, Canada and Mexico]

– Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Russia, Spain, Sweden, and Rest of Europe]

– Asia-Pacific [China, Japan, South Korea, India, Australia, Southeast Asia and Others]

– South America [Brazil, Argentina, Chile and Rest of South America]

– Middle East and Africa (South Africa, Turkey, Israel, GCC Countries and Rest of Africa)

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Research Approach & Assumptions:

– HTF MI describe major trends of Global Personal Auto Insurance Market using final data for 2019 and previous years, as well as quarterly or annual reports for 2020. The study is divided into the following years: base year as 2020, Historical data considered as 2016-2020 and Forecast time frame is 2021-2026.

– A variety of analytical tools were used in order to evaluate how the insurance sector, and especially the Personal Auto Insurance Industry, might react to global macroeconomic shifts over the next ten years. The “consensus scenario” assumes that there will be a recovery in global GDP growth over the next few years, as well as fluctuating interest rates. Personal Auto Insurance Market report reflects the results of this model.

– While calculating growth of Personal Auto Insurance Market, we generally used nominal gross premium figures based on 2020 fixed exchange rates, since this data allowed us to compare local growth rates without the interference of currency fluctuations. Exceptions to this rule are Venezuela, Argentina, Venezuela and many African countries due to high inflation rates.

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Thank you for reading the Personal Auto Insurance Industry research publication. You can also obtain individual chapter-wise sections or regions wise report versions like USA, China and Southeast Asia LATAM, APAC, etc.

About Author:

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