EV Insurance Market By Coverage, By Distribution Channel, By Vehicle Age, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in penetration of internet & mobile devices across the world
3.4.1.2. Surge in demand for EV vehicle insurance
3.4.2. Restraints
3.4.2.1. Enforcement of strong rules by banks and financial institutions for providing car finance
3.4.2.2. Prices of EV vehicles are expensive
3.4.3. Opportunities
3.4.3.1. Growth in demand for EV insurance policies
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: EV INSURANCE MARKET, BY COVERAGE
4.1. Overview
4.1.1. Market size and forecast
4.2. First Party Liability Coverage
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Third Party Liability Coverage
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country

CHAPTER 5: EV INSURANCE MARKET, BY DISTRIBUTION CHANNEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Insurance Companies
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Banks
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Insurance Agents/ Brokers
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Others
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country

CHAPTER 6: EV INSURANCE MARKET, BY VEHICLE AGE
6.1. Overview
6.1.1. Market size and forecast
6.2. New Vehicle
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Used Vehicle
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country

CHAPTER 7: EV INSURANCE MARKET, BY APPLICATION
7.1. Overview
7.1.1. Market size and forecast
7.2. Personal
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Commercial
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country

CHAPTER 8: EV INSURANCE MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key trends and opportunities
8.2.2. Market size and forecast, by Coverage
8.2.3. Market size and forecast, by Distribution Channel
8.2.4. Market size and forecast, by Vehicle Age
8.2.5. Market size and forecast, by Application
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Key market trends, growth factors and opportunities
8.2.6.1.2. Market size and forecast, by Coverage
8.2.6.1.3. Market size and forecast, by Distribution Channel
8.2.6.1.4. Market size and forecast, by Vehicle Age
8.2.6.1.5. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Key market trends, growth factors and opportunities
8.2.6.2.2. Market size and forecast, by Coverage
8.2.6.2.3. Market size and forecast, by Distribution Channel
8.2.6.2.4. Market size and forecast, by Vehicle Age
8.2.6.2.5. Market size and forecast, by Application
8.3. Europe
8.3.1. Key trends and opportunities
8.3.2. Market size and forecast, by Coverage
8.3.3. Market size and forecast, by Distribution Channel
8.3.4. Market size and forecast, by Vehicle Age
8.3.5. Market size and forecast, by Application
8.3.6. Market size and forecast, by country
8.3.6.1. UK
8.3.6.1.1. Key market trends, growth factors and opportunities
8.3.6.1.2. Market size and forecast, by Coverage
8.3.6.1.3. Market size and forecast, by Distribution Channel
8.3.6.1.4. Market size and forecast, by Vehicle Age
8.3.6.1.5. Market size and forecast, by Application
8.3.6.2. Germany
8.3.6.2.1. Key market trends, growth factors and opportunities
8.3.6.2.2. Market size and forecast, by Coverage
8.3.6.2.3. Market size and forecast, by Distribution Channel
8.3.6.2.4. Market size and forecast, by Vehicle Age
8.3.6.2.5. Market size and forecast, by Application
8.3.6.3. France
8.3.6.3.1. Key market trends, growth factors and opportunities
8.3.6.3.2. Market size and forecast, by Coverage
8.3.6.3.3. Market size and forecast, by Distribution Channel
8.3.6.3.4. Market size and forecast, by Vehicle Age
8.3.6.3.5. Market size and forecast, by Application
8.3.6.4. Italy
8.3.6.4.1. Key market trends, growth factors and opportunities
8.3.6.4.2. Market size and forecast, by Coverage
8.3.6.4.3. Market size and forecast, by Distribution Channel
8.3.6.4.4. Market size and forecast, by Vehicle Age
8.3.6.4.5. Market size and forecast, by Application
8.3.6.5. Spain
8.3.6.5.1. Key market trends, growth factors and opportunities
8.3.6.5.2. Market size and forecast, by Coverage
8.3.6.5.3. Market size and forecast, by Distribution Channel
8.3.6.5.4. Market size and forecast, by Vehicle Age
8.3.6.5.5. Market size and forecast, by Application
8.3.6.6. Rest of Europe
8.3.6.6.1. Key market trends, growth factors and opportunities
8.3.6.6.2. Market size and forecast, by Coverage
8.3.6.6.3. Market size and forecast, by Distribution Channel
8.3.6.6.4. Market size and forecast, by Vehicle Age
8.3.6.6.5. Market size and forecast, by Application
8.4. Asia-Pacific
8.4.1. Key trends and opportunities
8.4.2. Market size and forecast, by Coverage
8.4.3. Market size and forecast, by Distribution Channel
8.4.4. Market size and forecast, by Vehicle Age
8.4.5. Market size and forecast, by Application
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Key market trends, growth factors and opportunities
8.4.6.1.2. Market size and forecast, by Coverage
8.4.6.1.3. Market size and forecast, by Distribution Channel
8.4.6.1.4. Market size and forecast, by Vehicle Age
8.4.6.1.5. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Key market trends, growth factors and opportunities
8.4.6.2.2. Market size and forecast, by Coverage
8.4.6.2.3. Market size and forecast, by Distribution Channel
8.4.6.2.4. Market size and forecast, by Vehicle Age
8.4.6.2.5. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Key market trends, growth factors and opportunities
8.4.6.3.2. Market size and forecast, by Coverage
8.4.6.3.3. Market size and forecast, by Distribution Channel
8.4.6.3.4. Market size and forecast, by Vehicle Age
8.4.6.3.5. Market size and forecast, by Application
8.4.6.4. Australia
8.4.6.4.1. Key market trends, growth factors and opportunities
8.4.6.4.2. Market size and forecast, by Coverage
8.4.6.4.3. Market size and forecast, by Distribution Channel
8.4.6.4.4. Market size and forecast, by Vehicle Age
8.4.6.4.5. Market size and forecast, by Application
8.4.6.5. South Korea
8.4.6.5.1. Key market trends, growth factors and opportunities
8.4.6.5.2. Market size and forecast, by Coverage
8.4.6.5.3. Market size and forecast, by Distribution Channel
8.4.6.5.4. Market size and forecast, by Vehicle Age
8.4.6.5.5. Market size and forecast, by Application
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Key market trends, growth factors and opportunities
8.4.6.6.2. Market size and forecast, by Coverage
8.4.6.6.3. Market size and forecast, by Distribution Channel
8.4.6.6.4. Market size and forecast, by Vehicle Age
8.4.6.6.5. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key trends and opportunities
8.5.2. Market size and forecast, by Coverage
8.5.3. Market size and forecast, by Distribution Channel
8.5.4. Market size and forecast, by Vehicle Age
8.5.5. Market size and forecast, by Application
8.5.6. Market size and forecast, by country
8.5.6.1. Latin America
8.5.6.1.1. Key market trends, growth factors and opportunities
8.5.6.1.2. Market size and forecast, by Coverage
8.5.6.1.3. Market size and forecast, by Distribution Channel
8.5.6.1.4. Market size and forecast, by Vehicle Age
8.5.6.1.5. Market size and forecast, by Application
8.5.6.2. Middle East
8.5.6.2.1. Key market trends, growth factors and opportunities
8.5.6.2.2. Market size and forecast, by Coverage
8.5.6.2.3. Market size and forecast, by Distribution Channel
8.5.6.2.4. Market size and forecast, by Vehicle Age
8.5.6.2.5. Market size and forecast, by Application
8.5.6.3. Africa
8.5.6.3.1. Key market trends, growth factors and opportunities
8.5.6.3.2. Market size and forecast, by Coverage
8.5.6.3.3. Market size and forecast, by Distribution Channel
8.5.6.3.4. Market size and forecast, by Vehicle Age
8.5.6.3.5. Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1. ACKO GENERAL INSURANCE LIMITED
10.1.1. Company overview
10.1.2. Key Executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Key strategic moves and developments
10.2. Allianz SE
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. Allstate Insurance Company
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.4. AXA
10.4.1. Company overview
10.4.2. Key Executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.4.6. Business performance
10.4.7. Key strategic moves and developments
10.5. Bajaj Allianz General Insurance Company
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.6. Beinsure Digital Media
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.7. Esure Group plc
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.8. HDFC ERGO
10.8.1. Company overview
10.8.2. Key Executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Lemonade, Inc.
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.9.6. Business performance
10.9.7. Key strategic moves and developments
10.10. Progressive Casualty Insurance Company
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance

List of Tables
Table 01. Global EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 02. EV Insurance Market for First Party Liability Coverage, by Region, 2021-2031 (Revenue, $Million)
Table 03. EV Insurance Market for Third Party Liability Coverage, by Region, 2021-2031 (Revenue, $Million)
Table 04. EV Insurance Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 05. Global EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 06. EV Insurance Market for Insurance Companies, by Region, 2021-2031 (Revenue, $Million)
Table 07. EV Insurance Market for Banks, by Region, 2021-2031 (Revenue, $Million)
Table 08. EV Insurance Market for Insurance Agents/ Brokers, by Region, 2021-2031 (Revenue, $Million)
Table 09. EV Insurance Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 10. Global EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 11. EV Insurance Market for New Vehicle, by Region, 2021-2031 (Revenue, $Million)
Table 12. EV Insurance Market for Used Vehicle, by Region, 2021-2031 (Revenue, $Million)
Table 13. Global EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 14. EV Insurance Market for Personal, by Region, 2021-2031 (Revenue, $Million)
Table 15. EV Insurance Market for Commercial, by Region, 2021-2031 (Revenue, $Million)
Table 16. EV Insurance Market, by Region, 2021-2031 (Revenue, $Million)
Table 17. North America EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 18. North America EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 19. North America EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 20. North America EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 21. North America EV Insurance Market, by Country, 2021-2031 (Revenue, $Million)
Table 22. U.S. EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 23. U.S. EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 24. U.S. EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 25. U.S. EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 26. Canada EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 27. Canada EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 28. Canada EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 29. Canada EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 30. Europe EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 31. Europe EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 32. Europe EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 33. Europe EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. Europe EV Insurance Market, by Country, 2021-2031 (Revenue, $Million)
Table 35. UK EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 36. UK EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 37. UK EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 38. UK EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 39. Germany EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 40. Germany EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 41. Germany EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 42. Germany EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 43. France EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 44. France EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 45. France EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 46. France EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Italy EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 48. Italy EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 49. Italy EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 50. Italy EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 51. Spain EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 52. Spain EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 53. Spain EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 54. Spain EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 55. Rest of Europe EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 56. Rest of Europe EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 57. Rest of Europe EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 58. Rest of Europe EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 59. Asia-Pacific EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 60. Asia-Pacific EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 61. Asia-Pacific EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 62. Asia-Pacific EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. Asia-Pacific EV Insurance Market, by Country, 2021-2031 (Revenue, $Million)
Table 64. China EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 65. China EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 66. China EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 67. China EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 68. Japan EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 69. Japan EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 70. Japan EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 71. Japan EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. India EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 73. India EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 74. India EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 75. India EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 76. Australia EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 77. Australia EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 78. Australia EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 79. Australia EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 80. South Korea EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 81. South Korea EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 82. South Korea EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 83. South Korea EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 84. Rest of Asia-Pacific EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 85. Rest of Asia-Pacific EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 86. Rest of Asia-Pacific EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 87. Rest of Asia-Pacific EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 88. LAMEA EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 89. LAMEA EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 90. LAMEA EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 91. LAMEA EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 92. LAMEA EV Insurance Market, by Country, 2021-2031 (Revenue, $Million)
Table 93. Latin America EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 94. Latin America EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 95. Latin America EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 96. Latin America EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 97. Middle East EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 98. Middle East EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 99. Middle East EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 100. Middle East EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 101. Africa EV Insurance Market, by Coverage, 2021-2031 (Revenue, $Million)
Table 102. Africa EV Insurance Market, by Distribution Channel, 2021-2031 (Revenue, $Million)
Table 103. Africa EV Insurance Market, by Vehicle Age, 2021-2031 (Revenue, $Million)
Table 104. Africa EV Insurance Market, by Application, 2021-2031 (Revenue, $Million)
Table 105. Acko General Insurance Limited: Key Executives
Table 106. Acko General Insurance Limited: Company Snapshot
Table 107. Acko General Insurance Limited: Service Segments
Table 108. Acko General Insurance Limited: Product Portfolio
Table 109. Acko General Insurance Limited: Key Strategies
Table 110. Allianz SE: Key Executives
Table 111. Allianz SE: Company Snapshot
Table 112. Allianz SE: Service Segments
Table 113. Allianz SE: Product Portfolio
Table 114. Allstate Insurance Company: Key Executives
Table 115. Allstate Insurance Company: Company Snapshot
Table 116. Allstate Insurance Company: Service Segments
Table 117. Allstate Insurance Company: Product Portfolio
Table 118. Axa: Key Executives
Table 119. Axa: Company Snapshot
Table 120. Axa: Service Segments
Table 121. Axa: Product Portfolio
Table 122. Axa: Key Strategies
Table 123. Bajaj Allianz General Insurance Company: Key Executives
Table 124. Bajaj Allianz General Insurance Company: Company Snapshot
Table 125. Bajaj Allianz General Insurance Company: Service Segments
Table 126. Bajaj Allianz General Insurance Company: Product Portfolio
Table 127. Beinsure Digital Media: Key Executives
Table 128. Beinsure Digital Media: Company Snapshot
Table 129. Beinsure Digital Media: Service Segments
Table 130. Beinsure Digital Media: Product Portfolio
Table 131. Esure Group PLC: Key Executives
Table 132. Esure Group PLC: Company Snapshot
Table 133. Esure Group PLC: Service Segments
Table 134. Esure Group PLC: Product Portfolio
Table 135. Hdfc Ergo: Key Executives
Table 136. Hdfc Ergo: Company Snapshot
Table 137. Hdfc Ergo: Service Segments
Table 138. Hdfc Ergo: Product Portfolio
Table 139. Lemonade, Inc.: Key Executives
Table 140. Lemonade, Inc.: Company Snapshot
Table 141. Lemonade, Inc.: Service Segments
Table 142. Lemonade, Inc.: Product Portfolio
Table 143. Lemonade, Inc.: Key Strategies
Table 144. Progressive Casualty Insurance Company: Key Executives
Table 145. Progressive Casualty Insurance Company: Company Snapshot
Table 146. Progressive Casualty Insurance Company: Service Segments
Table 147. Progressive Casualty Insurance Company: Product Portfolio

List of Figures
Figure 01. EV Insurance Market, 2021-2031
Figure 02. Segmentation of EV Insurance Market, 2021-2031
Figure 03. Top Investment Pockets in EV Insurance Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalev Insurance Market
Figure 10. EV Insurance Market, by Coverage, 2021(%)
Figure 11. Comparative Share Analysis of EV Insurance Market for First Party Liability Coverage, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of EV Insurance Market for Third Party Liability Coverage, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of EV Insurance Market for Others, by Country 2021-2031(%)
Figure 14. EV Insurance Market, by Distribution Channel, 2021(%)
Figure 15. Comparative Share Analysis of EV Insurance Market for Insurance Companies, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of EV Insurance Market for Banks, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of EV Insurance Market for Insurance Agents/ Brokers, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of EV Insurance Market for Others, by Country 2021-2031(%)
Figure 19. EV Insurance Market, by Vehicle Age, 2021(%)
Figure 20. Comparative Share Analysis of EV Insurance Market for New Vehicle, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of EV Insurance Market for Used Vehicle, by Country 2021-2031(%)
Figure 22. EV Insurance Market, by Application, 2021(%)
Figure 23. Comparative Share Analysis of EV Insurance Market for Personal, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of EV Insurance Market for Commercial, by Country 2021-2031(%)
Figure 25. EV Insurance Market by Region, 2021
Figure 26. U.S. EV Insurance Market, 2021-2031 ($Million)
Figure 27. Canada EV Insurance Market, 2021-2031 ($Million)
Figure 28. UK EV Insurance Market, 2021-2031 ($Million)
Figure 29. Germany EV Insurance Market, 2021-2031 ($Million)
Figure 30. France EV Insurance Market, 2021-2031 ($Million)
Figure 31. Italy EV Insurance Market, 2021-2031 ($Million)
Figure 32. Spain EV Insurance Market, 2021-2031 ($Million)
Figure 33. Rest of Europe EV Insurance Market, 2021-2031 ($Million)
Figure 34. China EV Insurance Market, 2021-2031 ($Million)
Figure 35. Japan EV Insurance Market, 2021-2031 ($Million)
Figure 36. India EV Insurance Market, 2021-2031 ($Million)
Figure 37. Australia EV Insurance Market, 2021-2031 ($Million)
Figure 38. South Korea EV Insurance Market, 2021-2031 ($Million)
Figure 39. Rest of Asia-Pacific EV Insurance Market, 2021-2031 ($Million)
Figure 40. Latin America EV Insurance Market, 2021-2031 ($Million)
Figure 41. Middle East EV Insurance Market, 2021-2031 ($Million)
Figure 42. Africa EV Insurance Market, 2021-2031 ($Million)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap: EV Insurance Market
Figure 49. Top Player Positioning, 2021
Figure 50. Allianz SE: Net Revenue, 2019-2021 ($Million)
Figure 51. Allianz SE: Revenue Share by Segment, 2021 (%)
Figure 52. Allstate Insurance Company: Net Revenue, 2019-2021 ($Million)
Figure 53. Allstate Insurance Company: Revenue Share by Segment, 2021 (%)
Figure 54. Axa: Net Revenue, 2019-2021 ($Million)
Figure 55. Axa: Revenue Share by Region, 2021 (%)
Figure 56. Lemonade, Inc.: Net Revenue, 2019-2021 ($Million)
Figure 57. Progressive Casualty Insurance Company: Net Revenue, 2019-2021 ($Million)

Executive Summary

According to the report titled, 'EV Insurance Market,' the ev insurance market was valued at $51.4 billion in 2021, and is estimated to reach $210.4 billion by 2031, growing at a CAGR of 15.5% from 2022 to 2031.

Electric vehicle insurance is a type of motor insurance where it helps to protect electric cars from a number of potential damages and losses, such as those that might happen in the case of accidents, natural calamities, or fire. Moreover, it is a legal contract between the insurer and the electric car owner. It protects the electric car owner from any unexpected incident leading to damage.

The spread of internet access to every corner of the globe has resulted in a surge in the online segment which has facilitated a rapid growth prospect for the EV insurance. In the twenty-first century, smartphones have also become an indispensable part of many people's lives. The increasing use of devices such as smartphones and tablets, as well as access to the internet via 4G, 5G, and other technologies, has accelerated the adoption of digital technology. Moreover, Surge in demand for EV vehicle insurance and several instances of electric bikes and cars catching fire have come to light in recent months but there is no stopping this vehicle segment from picking up speed. Though it is still at a nascent stage therefore, general insurance companies are turning their attention to the segment, recognizing its growing potential. Therefore, these are some of the factors that propel the growth of EV insurance market. However, enforcement of strong rules by banks and financial institutions for providing vehicle finance has put up a strong restriction. This restriction has been implemented by a number of banks and financial service providers to offer car finance services, which restricts the growth of the market across the globe.

The market also offers growth opportunities to the key players in the market. There has been a significant increase in the awareness about the importance of insurance policies among the customers. Many banks and financial institutions, can leverage on this opportunity by offering various types of EV vehicle insurance policies to the customers. Furthermore, banks are partnering with insurance companies to provide EV insurance policies to increase their customer satisfaction and with the rise in demand for insurance policies, insurance companies are approaching banks to sell their products to the customers. Therefore, the demand for EV insurance services will also increase in the upcoming years, with the growing demand for EV vehicles policies among customers. Thus, it will provide major lucrative opportunities for the growth of the EV market.

The EV insurance market is segmented on the basis of coverage, distribution channel, vehicle age, application, and region. By coverage, it is segmented into first party liability coverage, third party liability coverage, and others. By distribution channel, it is bifurcated into, insurance companies, banks, insurance agents/brokers, and others. On the basis of vehicle age, the EV insurance market is segmented into new vehicle and used vehicle. By application, it is segmented into personal and commercial. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study are ACKO General Insurance Limited, Allianz SE, Allstate Insurance Company, AXA, Bajaj Allianz General Insurance Company, Beinsure Digital Media, Esure, HDFC ERGO, Lemonade, Inc., and Progressive Casualty Insurance Company. The players in the market have been actively engaged in the adoption various Strategies such as business expansion, product launch, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in December 2022, AXA, the global insurance provider, has launched the country's first insurance product tailored to meet the specific needs of electric vehicles (EV) owners, making headway in the local EV market. The product offers specific EV insurance products, which have been approved by the Office of Insurance Commission (OIC). It offers full financial protection against damage to the EV vehicles.

Key Market Insights

By coverage, the third-party liability coverage segment was the highest revenue contributor to the market, and is estimated to reach $84300.77 million by 2031, with a CAGR of 13.4%. However, the first party liability coverage segment is estimated to be the fastest growing segment with the CAGR of 16.4% during the forecast period.

By distribution, the insurance companies segment dominated the global market, and is estimated to reach $62081.47 million by 2031, with a CAGR of 14.7%. However, the bank segment is expected to be the fastest growing segment during the EV insurance market forecast.

Based on vehicle age, the new vehicle segment was the highest revenue contributor to the market, with $39524.63 million in 2021, and is estimated to reach $147783.41 million by 2031, with a CAGR of 14.5%.

Based on application, the personal segment was the highest revenue contributor to the market, with $36888.66 million in 2021, and is estimated to reach $138331.2 million by 2031, with a CAGR of 14.5%.

Based on region, Asia-Pacific was the highest revenue contributor, accounting for $19772.19 million in 2021, and is estimated to reach $97665.32 million by 2031, with a CAGR of 17.7%.

Companies Mentioned

• Beinsure Digital Media
• Allianz SE
• Allstate Insurance Company
• AXA
• Esure Group plc
• HDFC ERGO
• Progressive Casualty Insurance Company
• ACKO GENERAL INSURANCE LIMITED
• Lemonade, Inc.
• Bajaj Allianz General Insurance Company

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.