Property and Casualty Insurance for Automobile Market to See Massive Growth by 2026 : State Farm Group, Berkshire Hathaway, Progressive
Property and casualty insurance are the coverage which protects the person and the property it owns. In case of a vehicle, property insurance covers damage caused by accident, theft, fire, explosion, self-ignition, lighting, riots, act of terrorism, or natural calamities. While, the casualty insurance provides a liability coverage of a person who is found in an accident. It also covers the medical expenses as well as repair of damaged property. Moreover, various discounts are provided in property and casualty insurance such as training discount, student discount or mature driver discounts. These benefits are increasing the demand of property and casualty insurance.
Major Players in This Report Include,
State farm group (
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Types of Products, Applications and
What's Trending in Market:
Increasing Road Accidents Owing to Rise in Traffic Globally
Challenges:
Presence of Major Players is leading to
Opportunities:
Increasing Popularity of
Increase in Per Capita Income is leading to Increase in Automobile Sales
Market Growth Drivers:
Stringent Government Regulations to Buy Automotive Insurance Policy
Add on Coverage Offered by Companies
by Type (Property insurance, Casualty insurance), Discount type (Safe driver discount, Car safety, Good student, Others), Coverage (Collision, Comprehensive, Uninsured motor vehicle, Emergency road service, Liability, Medical, Others), Distribution channel (Online, Insurance broker)
In this research study, the prime factors that are impelling the growth of the
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the
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Current Scenario Analysis for Decision Framework
Key Strategic Developments in
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in
The report highlights
Extracts from Table of Contents
Chapter 1
Chapter 2 Global Economic Impact on Industry
Chapter 3
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued
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