2018 Latin America Vehicle Insurance Market By Vehicle Type [Passenger Car, Commercial Vehicles and Two Wheelers] 2025

1
Latin America Vehicle Insurance Market Size 2017

• By Type (Comprehensive Insurance, Third Party
  Insurance and Others), By Vehicle Type Passenger
  Car, Commercial Vehicles and Two Wheelers, By
  Region and Forecast 2017 to 2025

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2
Latin America Vehicle Insurance Market Size And
Forecast, 2015-2025

• Latin America vehicle insurance market size is
  estimated to witness a 4.0 CAGR over the
  forecast period due to the rapid expansion of the
  global automobile industry. Owing to the rise in
  disposable income, the demand for vehicles has
  increased which has resulted in the growth of the
  automobile sector.
• Players are actively developing the market via
  social media and ensuring the visibility of their
  insurance policies in the Latin America market.
  New insurance product launches and innovation in
  policies such as zero depreciation motor
  insurance cover are some of the key growth
  strategies set to catapult the market revenue.
  Furthermore, incorporation of advanced analytics
  tools to lower fraudulent claims and increasing
  market penetration through online support and
  third-parties are some of the key trends that are
  considered to drive the market in coming years.
• In 2017, third-party insurance accounted for more
  than 50 of the Latin America vehicle insurance
  market share. Third party insurance has been
  gaining tremendous popularity among consumers
  since it covers the person other than the parties
  involved in the contract and is, therefore, being
  mandated by the government of Latin American
  economies. For instance, Mexicos tax incentives,
  promotion of retirement savings and a reasonable
  income tax structure, are the key contributors of
  industry growth. Mandates regarding the adoption
  of third-party auto liability coverage in Mexico
  is leading to the growth of the vehicle insurance
  market.
• The passenger cars segment dominated the Latin
  America vehicle insurance market in 2017 and is
  expected to maintain its dominance in the
  upcoming years. Population explosion, increasing
  disposable income, and infrastructure enhancement
  have accelerated the production and sales of
  passenger cars in the said region. Increasing GDP
  and demand from export countries, launch of
  electric vehicles low-cost car models, and rise
  in urbanization are some of the other major
  factors that have been supporting the overall
  sales of passenger cars in this region.

3
Latin America Vehicle Insurance Market Size And
Forecast, 2015-2025

• Other factors pertaining to the commercial
  vehicle (CV) sector such as the need for
  fuel-efficient vehicles, advent of global players
  such as Allianz, Metropolitan Life Insurance
  Company, PORTO SEGURO and lastly the execution of
  emission norms and other regulatory policies in
  the recent years, have enabled the region in
  becoming one of the noteworthy markets in the
  world.
• Rapid urbanization, improving road infrastructure
  and regulatory policies will influence commercial
  vehicle buyers and original equipment
  manufacturers (OEMs). Global players are
  presently in the process of redefining their
  brand position in the overall market. However,
  domestic companies improve RD competence and
  optimize costs through outsourcing and
  modularization. Suppliers are focusing on
  improving the local capacity and introduce
  product innovation through pacing up the research
  development activities, operational efficiency
  and aftermarket propositions.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/latin-america-vehicle-insurance-market

4
Key segments of the Latin America vehicle
insurance market

• Construction Type Overview, 2015 2025 (Million
  kVAh, USD Million)
• Flooded
• Sealed
• Application Overview, 2015 2025 (Million kVAh,
  USD Million)
• Telecom
• UPS
• Utility
• Emergency Lighting
• Security Systems
• Cable Television/Broadcasting
• Oil Gas
• Renewable Energy
• Railway Backup Systems
• Others
• Distribution Channel Overview, 2015 2025
  (Million kVAh, USD Million)
• OEM
• Aftermarket

5
Key segments of the Latin America vehicle
insurance market

• Region/Country Overview, 2015 2025 (Million
  kVAh, USD Million)
• North America
• U.S.
• Rest of North America
• Europe
• Germany
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• Middle East Africa
• South America
• Purchase a single user copy of the Latin America
  vehicle insurance market report _at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/17

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