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Southeast Asia Car Insurance Market: Regional Opportunity Analysis and Industry Forecast, 2024-2033

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    Report

  • 237 Pages
  • August 2024
  • Region: Asia Pacific
  • Allied Market Research
  • ID: 6053990
Description Jump to:
The Southeast Asia car insurance market was valued at $30.69 billion in 2023, and is projected to reach $66.54 billion by 2033, registering a CAGR of 8.2% from 2024 to 2033. Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection against losses or damages resulting from traffic accidents, theft, natural disasters, and other unforeseen events involving the vehicle. In exchange for paying a premium, the insurance company agrees to cover certain costs, depending on the type and extent of coverage chosen.

These coverages can include liability insurance, which covers damages or injuries to other people or property if the policyholder is at fault; collision insurance, which pays for repairs to the policyholder's vehicle from a collision; and comprehensive insurance, which covers damages from non-collision-related incidents such as theft or natural disasters.

Additional coverages like personal injury protection (PIP) and uninsured/underinsured motorist coverage provide further financial protection for medical expenses and accidents involving drivers with insufficient insurance. Key features of car insurance include the premium, deductible, and policy limits. The benefits of car insurance include financial protection, legal compliance, and peace of mind, ensuring that both the vehicle owner and other road users are safeguarded against the financial burdens of accidents and other incidents.

Growing middle-class population and urbanization and regulatory changes and government initiatives are boosting the growth of the global Southeast Asia car insurance market. in addition, growth in the adoption of technological advancements and digital transformation positively impacts the growth of the Southeast Asia car insurance market. However, rising claim costs fraudulent activities, and limited awareness and penetration in rural areas issues hamper the Southeast Asia car insurance market growth. On the contrary, the expansion of digital and micro-insurance solutions is expected to offer remunerative opportunities for the expansion of the Southeast Asia car insurance market during the forecast period.

The Southeast Asia car insurance market is segmented based on type, application, distribution channel, vehicle age, propulsion, mode, and region. On the basis of type, the market is categorized into third-party-liability coverage, comprehensive, collision, and other optional coverages. Based on application, the market is divided into personal, and commercial.

On the basis of distribution channel, the market is divided into insurance agents/brokers, direct response, banks, and others. Based on vehicle age the market is classified into new vehicles and used vehicles. Based on propulsion the market is segmented into ice, and electric and hybrid. On the basis of mode, the market is segmented into online, and offline. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the Southeast Asia car insurance market are Allianz SE, Liberty Mutual Insurance Company, AXA Group, HDFC ERGO General Insurance Company Limited, American International Group, Inc., PT Asuransi MSIG Indonesia, Etiqa, PT Great Eastern General Insurance Indonesia, Universal Sompo General Insurance Company Limited, and Income Insurance Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the Southeast Asia car insurance market along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the Southeast Asia car insurance market size is provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Germany commercial property insurance industry.
  • The quantitative analysis of the Southeast Asia car insurance market for the period 2023-2033 is provided to determine the Southeast Asia car insurance market potential.

Additional benefits you will get with this purchase are:

  • Quarterly Update* (with the purchase of an enterprise license)
  • 5 additional Company Profiles, pre- or post-purchase, as a free update.
  • Free Updated Version (once released) with the purchase of an enterprise user license.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Enterprise User License. (Excel version of the report)
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  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Investment Opportunities
  • Market share analysis of players by products/segments
  • Regulatory Guidelines
  • Additional company profiles with specific to client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Market share analysis of players at region/country level

Key Market Segments

By Type

  • Third Party Liability Coverage
  • Comprehensive
  • Collision
  • Other Optional Coverages

By Application

  • Personal
  • Commercial

By Distribution Channel

  • Insurance Agents/Brokers
  • Direct Response
  • Banks
  • Others

By Vehicle Age

  • New Vehicles
  • Used Vehicles

By Mode

  • Offline
  • Online

By Country

  • Southeast Asia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Vietnam
  • Philippines
  • India
  • Rest of Southeast Asia

Key market players

  • Allianz SE
  • Liberty Mutual Insurance Company
  • AXA Group
  • HDFC ERGO General Insurance Company Limited
  • American International Group, Inc.
  • PT Asuransi MSIG Indonesia
  • Etiqa
  • PT Great Eastern General Insurance Indonesia
  • Universal Sompo General Insurance Company Limited
  • Income Insurance Limited

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key market segments
1.3. Key benefits
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. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Growing middle-class population and urbanization
3.4.1.2. Regulatory Changes and Government Initiatives
3.4.1.3. Growth in the adoption of technological advancements and digital transformation
3.4.2. Restraints
3.4.2.1. Rising Claim Costs and Fraudulent Activities
3.4.2.2. Limited awareness and penetration in rural areas
3.4.3. Opportunities
3.4.3.1. Expansion of Digital and Micro-Insurance Solutions
3.5. Qualitative Analysis of Partnership between Used Card Players in Southeast Asia and Insurance Players
CHAPTER 4: SOUTHEAST ASIA CAR INSURANCE MARKET, BY TYPE
4.1. Market overview
4.1.1. Market size and forecast
4.2. Third-party liability coverage
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by country
4.2.3. Market share analysis, by country
4.3. Comprehensive
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by country
4.3.3. Market share analysis, by country
4.4. Collision
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by country
4.4.3. Market share analysis, by country
4.5. Other optional coverage
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by country
4.5.3. Market share analysis, by country
CHAPTER 5: SOUTHEAST ASIA CAR INSURANCE MARKET, BY APPLICATION
5.1. Market overview
5.1.1. Market size and forecast
5.2. Personal
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, country
5.2.3. Market share analysis, by country
5.3. Commercial
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by country
5.3.3. Market share analysis, by country
CHAPTER 6: SOUTHEAST ASIA CAR INSURANCE MARKET, BY DISTRIBUTION CHANNEL
6.1. Market overview
6.1.1. Market size and forecast
6.2. Insurance Agents/Brokers
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by country
6.2.3. Market share analysis, by country
6.3. Direct response
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by country
6.3.3. Market share analysis, by country
6.4. Banks
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by country
6.4.3. Market share analysis, by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by country
6.5.3. Market share analysis, by country
CHAPTER 7: SOUTHEAST ASIA CAR INSURANCE MARKET, BY VEHICLE AGE
7.1. Market overview
7.1.1. Market size and forecast
7.2. New vehicle
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by country
7.2.3. Market share analysis, by country
7.3. Used vehicle
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by country
7.3.3. Market share analysis, by country
CHAPTER 8: SOUTHEAST ASIA CAR INSURANCE MARKET, BY PROPULSION
8.1. Market overview
8.1.1. Market size and forecast
8.2. ICE
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by country
8.2.3. Market share analysis, by country
8.3. Electric and Hybrid
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by country
8.3.3. Market share analysis, by country
CHAPTER 9: SOUTHEAST ASIA CAR INSURANCE MARKET, BY MODE
9.1. Market overview
9.1.1. Market size and forecast
9.2. Offline
9.2.1. Key market trends, growth factors and opportunities
9.2.2. Market size and forecast, by country
9.2.3. Market share analysis, by country
9.3. Online
9.3.1. Key market trends, growth factors and opportunities
9.3.2. Market size and forecast, by country
9.3.3. Market share analysis, by country
CHAPTER 10: SOUTHEAST ASIA CAR INSURANCE MARKET, BY COUNTRY
10.1. Overview
10.1.1. Market size and forecast, by country
10.2. Southeast Asia
10.2.1. Key market trends, growth factors, and opportunities
10.2.1.1. Singapore
10.2.1.1.1. Market size and forecast, type
10.2.1.1.2. Market size and forecast, application
10.2.1.1.3. Market size and forecast, distribution channel
10.2.1.1.4. Market size and forecast, vehicle age
10.2.1.1.5. Market size and forecast, propulsion
10.2.1.1.6. Market size and forecast, mode
10.2.1.2. Malaysia
10.2.1.2.1. Market size and forecast, type
10.2.1.2.2. Market size and forecast, application
10.2.1.2.3. Market size and forecast, distribution channel
10.2.1.2.4. Market size and forecast, vehicle age
10.2.1.2.5. Market size and forecast, propulsion
10.2.1.2.6. Market size and forecast, mode
10.2.1.3. Thailand
10.2.1.3.1. Market size and forecast, type
10.2.1.3.2. Market size and forecast, application
10.2.1.3.3. Market size and forecast, distribution channel
10.2.1.3.4. Market size and forecast, vehicle age
10.2.1.3.5. Market size and forecast, propulsion
10.2.1.3.6. Market size and forecast, mode
10.2.1.4. Indonesia
10.2.1.4.1. Market size and forecast, type
10.2.1.4.2. Market size and forecast, application
10.2.1.4.3. Market size and forecast, distribution channel
10.2.1.4.4. Market size and forecast, vehicle age
10.2.1.4.5. Market size and forecast, propulsion
10.2.1.4.6. Market size and forecast, mode
10.2.1.5. Vietnam
10.2.1.5.1. Market size and forecast, type
10.2.1.5.2. Market size and forecast, application
10.2.1.5.3. Market size and forecast, distribution channel
10.2.1.5.4. Market size and forecast, vehicle age
10.2.1.5.5. Market size and forecast, propulsion
10.2.1.5.6. Market size and forecast, mode
10.2.1.6. Philippines
10.2.1.6.1. Market size and forecast, type
10.2.1.6.2. Market size and forecast, application
10.2.1.6.3. Market size and forecast, distribution channel
10.2.1.6.4. Market size and forecast, vehicle age
10.2.1.6.5. Market size and forecast, propulsion
10.2.1.6.6. Market size and forecast, mode
10.2.1.7. India
10.2.1.7.1. Market size and forecast, type
10.2.1.7.2. Market size and forecast, application
10.2.1.7.3. Market size and forecast, distribution channel
10.2.1.7.4. Market size and forecast, vehicle age
10.2.1.7.5. Market size and forecast, propulsion
10.2.1.7.6. Market size and forecast, mode
10.2.1.8. Rest of Southeast Asia
10.2.1.8.1. Market size and forecast, type
10.2.1.8.2. Market size and forecast, application
10.2.1.8.3. Market size and forecast, distribution channel
10.2.1.8.4. Market size and forecast, vehicle age
10.2.1.8.5. Market size and forecast, propulsion
10.2.1.8.6. Market size and forecast, mode
CHAPTER 11: COMPETITIVE LANDSCAPE
11.1. Introduction
11.2. Top winning strategies
11.3. Competitive dashboard
CHAPTER 12: COMPANY PROFILE
12.1. ALLIANZ GROUP
12.1.1. Company overview
12.1.2. Company snapshot
12.1.3. Product portfolio
12.1.4. Operating Business Segments
12.1.5. Business Performance
12.1.6. Key strategic moves and developments
12.2. LIBERTY MUTUAL INSURANCE COMPANY
12.2.1. Company overview
12.2.2. Company snapshot
12.2.3. Product portfolio
12.2.4. Business Performance
12.3. AXA
12.3.1. Company overview
12.3.2. Company snapshot
12.3.3. Product portfolio
12.3.4. Business Performance
12.4. HDFC ERGO GENERAL INSURANCE COMPANY LIMITED
12.4.1. Company overview
12.4.2. Company snapshot
12.4.3. Product portfolio
12.4.4. Business Performance
12.5. AMERICAN INTERNATIONAL GROUP, INC
12.5.1. Company overview
12.5.2. Company snapshot
12.5.3. Product portfolio
12.5.4. Business Performance
12.6. PT ASURANSI MSIG INDONESIA
12.6.1. Company overview
12.6.2. Company snapshot
12.6.3. Product portfolio
12.6.4. Business Performance
12.6.5. Key strategic moves and developments
12.7. ETIQA INSURANCE PTE. LTD.
12.7.1. Company overview
12.7.2. Company snapshot
12.7.3. Product portfolio
12.7.4. Key strategic moves and developments
12.8. GREAT EASTERN HOLDINGS LTD
12.8.1. Company overview
12.8.2. Company snapshot
12.8.3. Product portfolio
12.8.4. Operating Business Segments
12.8.5. Business Performance
12.9. INCOME INSURANCE LIMITED
12.9.1. Company overview
12.9.2. Company snapshot
12.9.3. Product portfolio
12.9.4. Operating Business Segments
12.9.5. Business Performance
12.9.6. Key strategic moves and developments
12.10. BERJAYA SOMPO INSURANCE BERHAD
12.10.1. Company overview
12.10.2. Company snapshot
12.10.3. Product portfolio
12.10.4. Key strategic moves and developments
LIST OF TABLES
Table 01. Southeast Asia Car Insurance Market, by Type, 2023-2033 ($Million)
Table 02. Southeast Asia Car Insurance Market for Third-Party Liability Coverage, by Country, 2023-2033 ($Million)
Table 03. Southeast Asia Car Insurance Market for Comprehensive, by Country, 2023-2033 ($Million)
Table 04. Southeast Asia Car Insurance Market for Collision, by Country, 2023-2033 ($Million)
Table 05. Southeast Asia Car Insurance Market for Other Optional Coverage, by Country, 2023-2033 ($Million)
Table 06. Southeast Asia Car Insurance Market, by Application, 2023-2033 ($Million)
Table 07. Southeast Asia Car Insurance Market for Personal, by Country, 2023-2033 ($Million)
Table 08. Southeast Asia Car Insurance Market for Commercial, by Country, 2023-2033 ($Million)
Table 09. Southeast Asia Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 10. Southeast Asia Car Insurance Market for Insurance Agents/Brokers, by Country, 2023-2033 ($Million)
Table 11. Southeast Asia Car Insurance Market for Direct Response, by Country, 2023-2033 ($Million)
Table 12. Southeast Asia Car Insurance Market for Banks, by Country, 2023-2033 ($Million)
Table 13. Southeast Asia Car Insurance Market for Others, by Country, 2023-2033 ($Million)
Table 14. Southeast Asia Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 15. Southeast Asia Car Insurance Market for New Vehicle, by Country, 2023-2033 ($Million)
Table 16. Southeast Asia Car Insurance Market for Used Vehicle, by Country, 2023-2033 ($Million)
Table 17. Southeast Asia Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 18. Southeast Asia Car Insurance Market for Ice, by Country, 2023-2033 ($Million)
Table 19. Southeast Asia Car Insurance Market for Electric and Hybrid, by Country, 2023-2033 ($Million)
Table 20. Southeast Asia Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 21. Southeast Asia Car Insurance Market for Offline, by Country, 2023-2033 ($Million)
Table 22. Southeast Asia Car Insurance Market for Online, by Country, 2023-2033 ($Million)
Table 23. Southeast Asia Car Insurance Market, by Country, 2023-2033 ($Million)
Table 24. Singapore Car Insurance Market, by Type, 2023-2033 ($Million)
Table 25. Singapore Car Insurance Market, by Application, 2023-2033 ($Million)
Table 26. Singapore Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 27. Singapore Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 28. Singapore Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 29. Singapore Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 30. Malaysia Car Insurance Market, by Type, 2023-2033 ($Million)
Table 31. Malaysia Car Insurance Market, by Application, 2023-2033 ($Million)
Table 32. Malaysia Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 33. Malaysia Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 34. Malaysia Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 35. Malaysia Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 36. Thailand Car Insurance Market, by Type, 2023-2033 ($Million)
Table 37. Thailand Car Insurance Market, by Application, 2023-2033 ($Million)
Table 38. Thailand Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 39. Thailand Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 40. Thailand Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 41. Thailand Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 42. Indonesia Car Insurance Market, by Type, 2023-2033 ($Million)
Table 43. Indonesia Car Insurance Market, by Application, 2023-2033 ($Million)
Table 44. Indonesia Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 45. Indonesia Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 46. Indonesia Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 47. Indonesia Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 48. Vietnam Car Insurance Market, by Type, 2023-2033 ($Million)
Table 49. Vietnam Car Insurance Market, by Application, 2023-2033 ($Million)
Table 50. Vietnam Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 51. Vietnam Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 52. Vietnam Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 53. Vietnam Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 54. Philippines Car Insurance Market, by Type, 2023-2033 ($Million)
Table 55. Philippines Car Insurance Market, by Application, 2023-2033 ($Million)
Table 56. Philippines Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 57. Philippines Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 58. Philippines Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 59. Philippines Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 60. India Car Insurance Market, by Type, 2023-2033 ($Million)
Table 61. India Car Insurance Market, by Application, 2023-2033 ($Million)
Table 62. India Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 63. India Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 64. India Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 65. India Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 66. Rest of Southeast Asia Car Insurance Market, by Type, 2023-2033 ($Million)
Table 67. Rest of Southeast Asia Car Insurance Market, by Application, 2023-2033 ($Million)
Table 68. Rest of Southeast Asia Car Insurance Market, by Distribution Channel, 2023-2033 ($Million)
Table 69. Rest of Southeast Asia Car Insurance Market, by Vehicle Age, 2023-2033 ($Million)
Table 70. Rest of Southeast Asia Car Insurance Market, by Propulsion, 2023-2033 ($Million)
Table 71. Rest of Southeast Asia Car Insurance Market, by Mode, 2023-2033 ($Million)
Table 72. Competitive Dashboard
Table 73. Allianz Group: Company Snapshot
Table 74. Allianz Group: Product Portfolio
Table 75. Allianz Group: Operating Business Segment
Table 76. Allianz Group: Key Strategic Moves and Developments
Table 77. Liberty Mutual Insurance Company: Company Snapshot
Table 78. Liberty Mutual Insurance Company: Product Portfolio
Table 79. Axa: Company Snapshot
Table 80. Axa: Product Portfolio
Table 81. Hdfc Ergo General Insurance Company Limited: Company Snapshot
Table 82. Hdfc Ergo General Insurance Company Limited: Product Portfolio
Table 83. American International Group Inc.: Company Snapshot
Table 84. American International Group Inc.: Product Portfolio
Table 85. Pt Asuransi Msig Indonesia: Company Snapshot
Table 86. Pt Asuransi Msig Indonesia: Product Portfolio
Table 87. Pt Asuransi Msig Indonesia: Key Strategic Moves and Developments
Table 88. Etiqa Insurance Pte. Ltd.: Company Snapshot
Table 89. Etiqa Insurance Pte. Ltd.: Product Portfolio
Table 90. Etiqa Insurance Pte. Ltd.: Key Strategic Moves and Developments
Table 91. Great Eastern Holdings Limited: Company Snapshot
Table 92. Great Eastern Holdings Limited: Product Portfolio
Table 93. Great Eastern Holdings Limited: Operating Business Segment
Table 94. Income Insurance Limited: Company Snapshot
Table 95. Income Insurance Limited: Product Portfolio
Table 96. Income Insurance Limited: Operating Business Segment
Table 97. Income Insurance Limited: Key Strategic Moves and Developments
Table 98. Berjaya Sompo Insurance Berhad: Company Snapshot
Table 99. Berjaya Sompo Insurance Berhad: Product Portfolio
Table 100. Berjaya Sompo Insurance Berhad: Key Strategic Moves and Developments
LIST OF FIGURES
Figure 01. Southeast Asia Car Insurance Market by Segment
Figure 02. Southeast Asia Car Insurance Market by Country
Figure 03. Segmentation of Southeast Asia Car Insurance Market
Figure 04. Top Impacting Factors in Southeast Asia Car Insurance Market (2023 to 2033)
Figure 05. Top Investment Pockets in Southeast Asia Car Insurance Market (2023 to 2033)
Figure 06. Moderate-To-High Bargaining Power of Suppliers
Figure 07. Moderate-To-High Bargaining Power of Buyers
Figure 08. Moderate-To-High Threat of Substitution
Figure 09. Moderate-To-High Threat of New Entrants
Figure 10. Low-To-High Competitive Rivalry
Figure 11. Key Strategic Moves and Developments
Figure 12. Southeast Asia Car Insurance Market, by Type, 2023 & 2033 ($Million)
Figure 13. Comparative Share Analysis of Southeast Asia Car Insurance Market for Third-Party Liability Coverage, by Country, 2023 and 2033 (%)
Figure 14. Comparative Share Analysis of Southeast Asia Car Insurance Market for Comprehensive, by Country, 2023 and 2033 (%)
Figure 15. Comparative Share Analysis of Southeast Asia Car Insurance Market for Collision, by Country, 2023 and 2033 (%)
Figure 16. Comparative Share Analysis of Southeast Asia Car Insurance Market for Other Optional Coverage, by Country, 2023 and 2032 (%)
Figure 17. Southeast Asia Car Insurance Market, by Application, 2023 & 2033 ($Million)
Figure 18. Comparative Share Analysis of Southeast Asia Car Insurance Market for Personal, by Country, 2023 and 2033 (%)
Figure 19. Comparative Share Analysis of Southeast Asia Car Insurance Market for Commercial, by Country, 2023 and 2033 (%)
Figure 20. Southeast Asia Car Insurance Market, by Distribution Channel, 2023 & 2033 ($Million)
Figure 21. Comparative Share Analysis of Southeast Asia Car Insurance Market for Insurance Agents/Brokers, by Country, 2023 and 2033 (%)
Figure 22. Comparative Share Analysis of Southeast Asia Car Insurance Market for Direct Response, by Country, 2023 and 2033 (%)
Figure 23. Comparative Share Analysis of Southeast Asia Car Insurance Market for Banks, by Country, 2023 and 2033 (%)
Figure 24. Comparative Share Analysis of Southeast Asia Car Insurance Market for Others, by Country, 2023 and 2033 (%)
Figure 25. Southeast Asia Car Insurance Market, by Vehicle Age, 2023 & 2033 ($Million)
Figure 26. Comparative Share Analysis of Southeast Asia Car Insurance Market for New Vehicle, by Country, 2023 and 2033 (%)
Figure 27. Comparative Share Analysis of Southeast Asia Car Insurance Market for Used Vehicle, by Country, 2023 and 2033 (%)
Figure 28. Southeast Asia Car Insurance Market, by Propulsion, 2023 & 2033 ($Million)
Figure 29. Comparative Share Analysis of Southeast Asia Car Insurance Market for Ice, by Country, 2023 and 2033 (%)
Figure 30. Comparative Share Analysis of Southeast Asia Car Insurance Market for Electric and Hybrid, by Country, 2023 and 2033 (%)
Figure 31. Southeast Asia Car Insurance Market, by Mode, 2023 & 2033 ($Million)
Figure 32. Comparative Share Analysis of Southeast Asia Car Insurance Market for Offline, by Country, 2023 and 2033 (%)
Figure 33. Comparative Share Analysis of Southeast Asia Car Insurance Market for Online, by Country, 2023 and 2033 (%)
Figure 34. Southeast Asia Car Insurance Market, by Country, 2023 & 2033 ($Million)
Figure 35. Singapore Car Insurance Market, 2023-2033 ($Million)
Figure 36. Malaysia Car Insurance Market, 2023-2033 ($Million)
Figure 37. Thailand Car Insurance Market, 2023-2033 ($Million)
Figure 38. Indonesia Car Insurance Market, 2023-2033 ($Million)
Figure 39. Vietnam Car Insurance Market, 2023-2033 ($Million)
Figure 40. Philippines Car Insurance Market, 2023-2033 ($Million)
Figure 41. India Car Insurance Market, 2023-2033 ($Million)
Figure 42. Rest of Southeast Asia Car Insurance Market, 2023-2033 ($Million)
Figure 43. Top Winning Strategies, by Year, 2021-2023
Figure 44. Top Winning Strategies, by Development, 2021-2023
Figure 45. Top Winning Strategies, by Company, 2021-2023
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Key Players
Figure 48. Key Player Positioning Analysis: Southeast Asia Car Insurance Market
Figure 49. Allianz Group: Revenue, 2021-2023 ($Million)
Figure 50. Allianz Group: Revenue Share by Segment, 2023 (%)
Figure 51. Liberty Mutual Insurance Company: Revenue, 2021-2023 ($Million)
Figure 52. Axa: Net Revenue, 2021-2023 ($Million)
Figure 53. Axa: Revenue Share by Segment, 2023 (%)
Figure 54. Hdfc Ergo General Insurance Company Limited: Gross Written Premium, 2022-2024 ($Million)
Figure 55. American International Group Inc.: Net Revenue, 2021-2023 ($Million)
Figure 56. American International Group Inc.: Revenue Share by Region, 2023 (%)
Figure 57. Pt Asuransi Msig Indonesia: Net Income, 2021-2023 ($Million)
Figure 58. Great Eastern Holdings Limited: Net Revenue, 2021-2023 ($Million)
Figure 59. Great Eastern Holdings Limited: Revenue Share by Segment, 2023 (%)
Figure 60. Great Eastern Holdings Limited: Revenue Share by Region, 2023 (%)
Figure 61. Income Insurance Limited: Net Income, 2021 & 2023 ($Million)
Figure 62. Income Insurance Limited: Revenue Share by Segment, 2023 (%)

Companies Mentioned

  • Allianz SE
  • Liberty Mutual Insurance Company
  • AXA Group
  • HDFC ERGO General Insurance Company Limited
  • American International Group, Inc.
  • PT Asuransi MSIG Indonesia
  • Etiqa
  • PT Great Eastern General Insurance Indonesia
  • Universal Sompo General Insurance Company Limited
  • Income Insurance Limited

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.

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Table Information

Report AttributeDetails
No. of Pages237
PublishedAugust 2024
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 30.69 billion
Forecasted Market Value ( USD ) by 2033 $ 66.54 billion
Compound Annual Growth Rate8.2%
Regions CoveredAsia Pacific
No. of Companies Mentioned10

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