Adroit Market Research 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 Single Use License: US$ 2500 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Request Sample Adroit Market Research 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 thirdparties 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, Mexico’s 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. +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research 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 R&D 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 @ https://www.adroitmarketresearch.com/industryreports/latin-america-vehicle-insurance-market +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research 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 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research 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 @ https://www.adroitmarketresearch.com/researchreport/purchase/17 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research About Us Contact Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more. US Headquarters 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 [email protected] Phone: +1 (214) 884-6068 Email: [email protected] www.adroitmarketresearch.com

AdroitMarketResearch.com just released a new market research report focusing on the “Vehicle Insurance Market with Latin America analysis and forecasts until 2025” to its database. Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/latin-america-vehicle-insurance-market