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Motor Insurance in Asia-Pacific

Asia Motor Insurance Market: New insights


*The motor insurance market consists of motor insurance for personal and commercial vehicles, including cars, light & heavy trucks, vans, motorcycles and mopeds. The value of the motor insurance market reflects gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the creation of this profile have been calculated using constant 2013 annual average exchange rates. The motor insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict.

*The Asia-Pacific motor insurance market is expected to generate total gross premium income of $240,192.6m in 2014, representing a compound annual growth rate (CAGR) of 8.8% between 2010 and 2014.

*The personal segment is expected to be the market's most lucrative in 2014, with total gross premium income of $166,217.9m, equivalent to 69.2% of the market's overall value.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 8.3% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $357,049.8m by the end of 2019.

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