Weekly Newsletter

13 November 2023

Weekly Newsletter

13 November 2023

Analyzing the market dynamics of the global motor insurance industry

The global motor insurance industry's written premiums are expected to cross $1 trillion in 2027. Disruptions caused by developments in vehicle technology and mounting natural hazard losses will remain a trending topic over the coming years. Per GlobalData forecasts, the global EV insurance market will surpass $420 billion by 2034, driven by several variables, such as falling EV prices, longer battery ranges, and more global charging infrastructure, which will all drive greater demand for EVs.

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