DUBLIN, January 17, 2022 /PRNewswire/ — The report “Commercial Motor Insurance Market by Distribution Channel, Coverage Type and Vehicle Type: Global Opportunities Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

Commercial auto insurance is a physical damage and liability coverage policy for amounts, situations, and use not covered by a personal auto insurance policy. Additionally, it offers a variety of coverages for cars, trucks, vans, and other vehicles used for business purposes.

Generally, large fleets and small businesses usually prefer two major coverages such as physical damage insurance and liability insurance. Bodily Injury Liability, Property Damage Liability, Combined Single Limit (CSL), Medical Payments, Bodily Injury or No Fault, Uninsured Motorist, Full Bodily Damage and Collision are some of the leading commercial auto insurance coverages on the market.

There is an increase in the number of road accidents and commercial auto insurance provides financial security in the form of medical injury or any other damage to the vehicle owner, which is driving the growth of the market. Additionally, increased use of commercial vehicles and strict government guidelines for commercial auto insurance are driving the market growth. These factors are notably contributing to the growth of the global commercial auto insurance market.

However, as commercial vehicles are large in size and require expensive maintenance, insurance premiums for these vehicles are usually higher, which hampers the growth of the market. On the contrary, the increase in the number of technological advancements that help insurers integrate distribution platforms into this existing business model to improve productivity to deliver commercial auto insurance coverage seamlessly at the point of sale. Furthermore, the surge in the adoption of commercial auto insurance in emerging economies and the rapid digitalization of the insurance industry are expected to provide lucrative opportunities for market growth in the coming years.

The commercial auto insurance market is segmented into distribution channel, coverage type, vehicle type, and region. By distribution channel, the market is segmented into brokers and agents, direct response, banks and others. By type of coverage, it is divided into liability coverage and collision/complex/optional coverage. The vehicle types covered by the study include light commercial vehicles and heavy trucks. The light commercial vehicle segment is further separated into new vehicles and used vehicles. At the regional level, it is analyzed through North America, Europe, Asia Pacific, and LAMEA.

The report analyzes major commercial auto insurance companies operating in the market such as Allianz, American International Group Inc., Aon plc., Aviva, AXA, Berkshire Hathaway Inc., Chubb, Liberty Mutual Insurance Company, Willis Towers Watson, and Zürich. These players have adopted various strategies to increase their market penetration and strengthen their position in the commercial auto insurance industry.

Key Benefits

  • The study provides an in-depth analysis of the global Commercial Motor Insurance market along with current trends and future estimates to illustrate impending investment pockets.
  • Information on the major drivers, restraints and opportunities and their impact analysis on the global Commercial Motor Insurance market size is provided in the report.
  • Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global commercial auto insurance market from 2021 to 2030 is provided to determine the market potential.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Key forces shaping the global commercial auto insurance market
3.3. Commercial Automobile Claims Process
3.4. Range of commercial auto insurance premiums paid by small businesses
3.5. Factors Contributing to Increase in Claims and Claims Frequency
3.6. Impact of Government Regulations on the Global Commercial Motor Insurance Market
3.7. Market dynamics
3.7.1. Drivers
3.7.1.1. Strict government guidelines regarding commercial auto insurance
3.7.1.2. Increase in the number of road accidents
3.7.1.3. Increased use of utility vehicles
3.7.2. Detention
3.7.2.1. Expensive commercial auto insurance policies
3.7.3. Opportunity
3.7.3.1. Implementation of technology in the field of commercial automobile insurance
3.8. Commercial Motor Insurance Market COVID-19 Impact Analysis
3.8.1. Impact on Commercial Automobile Insurance Market Size
3.8.2. Change in consumer trends, preferences and budget impact, due to COVID-19
3.8.3. Framework of market challenges faced by commercial auto insurers
3.8.4. Economic impact on commercial auto insurers
3.8.5. Strategies of key players to combat the negative impact on the industry
3.8.6. Analysis of opportunities for commercial auto insurers

CHAPTER 4: COMMERCIAL AUTO INSURANCE MARKET, BY DISTRIBUTION CHANNEL
4.1. Overview
4.2. Brokers and agents
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Direct response
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Banks
4.4.1. Key Market Trends, Growth Drivers and Opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Others
4.5.1. Key Market Trends, Growth Drivers and Opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

CHAPTER 5: COMMERCIAL AUTO INSURANCE MARKET, BY TYPE OF COVERAGE
5.1. Overview
5.2. Liability insurance
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Collision/Full/Optional Coverage
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: COMMERCIAL AUTO INSURANCE MARKET, BY TYPE OF VEHICLE
6.1. Overview
6.2. Light commercial vehicle
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.2.4. Commercial auto insurance market for light commercial vehicles, by vehicle age
6.2.4.1. New vehicles
6.2.4.1.1. Market size and forecast, by region
6.2.4.1.2. Market analysis, by country
6.2.4.2. Used vehicles
6.2.4.2.1. Market size and forecast, by region
6.2.4.2.2. Market analysis, by country
6.3. Heavyweight
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

CHAPTER 7: COMMERCIAL AUTO INSURANCE MARKET, BY REGION

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. introduction
8.1.1. Positioning of market players, 2020
8.2. Competitive Dashboard
8.2.1. The best winning strategies

CHAPTER 9: COMPANY PROFILES
9.1. ALLIANZ
9.1.1. Company presentation
9.1.2. Company Overview
9.1.3. Operating business areas
9.1.4. Product portfolio
9.1.5. Company Performance
9.1.6. Key strategic moves and developments
9.2. AMERICAN INTERNATIONAL GROUP, INC.
9.2.1. Company presentation
9.2.2. Company Overview
9.2.3. Product portfolio
9.2.4. Company Performance
9.2.5. Key strategic moves and developments
9.3. AON PLC
9.3.1. Company presentation
9.3.2. Company Overview
9.3.3. Operating business areas
9.3.4. Product portfolio
9.3.5. Company Performance
9.3.6. Key strategic moves and developments
9.4. AVIVA
9.4.1. Company presentation
9.4.2. Company Overview
9.4.3. Product portfolio
9.4.4. Company Performance
9.5. AXA
9.5.1. Company presentation
9.5.2. Company Overview
9.5.3. Operating business areas
9.5.4. Product portfolio
9.5.5. Company Performance
9.5.6. Key strategic moves and developments
9.6. BERKSHIRE HATHAWAY INC.
9.6.1. Company presentation
9.6.2. Company Overview
9.6.3. Operating business areas
9.6.4. Product portfolio
9.6.5. Company performance
9.6.6. Key strategic moves and developments
9.7. CHUBB
9.7.1. Company presentation
9.7.2. Company Overview
9.7.3. Operating business areas
9.7.4. Product portfolio
9.7.5. Company performance
9.7.6. Key strategic moves and developments
9.8. LIBERTY MUTUAL INSURANCE COMPANY
9.8.1. Company presentation
9.8.2. Company Overview
9.8.3. Product portfolio
9.8.4. Company performance
9.8.5. Key strategic moves and developments
9.9. WILLIS WATSON TOWERS
9.9.1. Company presentation
9.9.2. Company Overview
9.9.3. Product portfolio
9.9.4. Company Performance
9.9.5. Key strategic moves and developments
9.10. ZURICH
9.10.1. Company presentation
9.10.2. Company Overview
9.10.3. Product portfolio
9.10.4. Company Performance

For more information about this report, visit https://www.researchandmarkets.com/r/rvdfpl

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