The short term auto insurance market is booming around the world
Short-term auto insurance market
The global short-term auto insurance market report assesses relevant developments for the insurance industry and identifies key risks and vulnerabilities for the global short-term auto insurance industry to raise awareness among stakeholders current and future scenarios. To obtain a complete assessment and market estimates, a large list of insurers, aggregators and agencies have been factored into the coverage; Some of the best players featured are AXA, Allstate Insurance, Berkshire Hathaway, Allianz, AIG, Generali, State Farm Insurance, Munich Reinsurance, Metlife, Nippon Life Insurance, Ping An, PICC, China Life Insurance, Cuvva, Dayinsure, Short-term Markets auto insurance by:, North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa (MEA).
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Globally, the insurance industry experienced strong premium growth in 2019, as a percentage, while growth in 2020 is significantly slower, as a percentage. Total premiums (GWP) are expected to reach … by 2026. Short-term auto insurance companies around the world looking for growth opportunities in global insurance markets can explore both the fastest growing and largest developed markets; slower growth rates suggest; however, most carriers should look further as well. “Growth during this period will be fueled by the emerging markets of APAC and Latin America regions”
The report describes the total market of the global short-term auto insurance industry; another market is broken down by application [Insurance Intermediaries, Insurance Company, Bank, Insurance Broker & Others], type [, Short-term Car Insurance markets by type, Comprehensive Coverage Insurance & Single Coverage Insurance] and country.
Geographically, the global version of the report covers the following regions and countries:
• 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)
Browse the summary and the full table of contents @ https://www.htfmarketreport.com/reports/3701155-worldwide-short-term-car-insurance-market-1
Research approach and hypotheses:
– HTF MI describes key trends in the global short-term auto insurance market using final data for 2019 and prior years, as well as quarterly or annual reports for 2020. In general, the years considered in the study , i.e. the base year as 2020, the historical data considered as 2016-2020 and the forecast calendar is 2021-2026.
– Various analytical tools have been used to assess how the insurance industry and in particular the global short-term auto insurance industry might react over the next decade to global macroeconomic changes. Our “consensus scenario” assumes a pick-up in global GDP growth in the coming years in addition to fluctuating interest rates; The findings presented in the Global Short Term Auto Insurance Market report reflect the findings of this model.
– When calculating the growth of the global auto insurance market in the short term, we have generally used the nominal gross premium figures based on the fixed exchange rates of 2020, as this data allowed us to compare the rates of local growth without the interference of currency fluctuations. The exceptions, which use floating exchange rates, are Argentina, Ukraine and Venezuela, many African countries, etc. due to high inflation rates.
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Thank you for reading the Worldwide Short-term Car Insurance Industry research publication; you can also get section by chapter or report version by region like US, China, Southeast Asia, LATAM, APAC, etc.
Craig Francis (Public Relations and Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About the Author:
HTF Market Intelligence consulting is uniquely positioned to empower and inspire research and advisory services to empower companies with growth strategies, delivering services with extraordinary depth and breadth of thought leadership, research, tools, events and experiences that aid in decision making.
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