Frequently asked questions
Asia Pacific auto insurance market is expected for the highest revenue share of the global market. The auto insurance industry in the region is flourishing due to the rising awareness regarding the importance of vehicle insurance. Furthermore, the digitization of business operations is furthering the market for auto insurance in the region.
The citizens’ disposable incomes have increased, increasing purchasing power, thereby boosting the sales of automobiles are expected to fuel the growth of the global market.
The collision/comprehensive/ other optional coverage segment had a major global market share in 2021.
The insurance agents/brokers segment had a major share in the global market.
New vehicles had a major share in the global market.