Global Guaranteed Auto Protection Insurance Market Report to 2031 – Featuring Admiral Group, Allianz, Allstate Insurance Company, and American Family Insurance, among others – Yahoo Finance | CarTailz

DUBLIN, November 15, 2022 /PRNewswire/ — The Guaranteed Auto Protection Insurance Market by Type, by Application, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031 report has been added ResearchAndMarkets.com Offer.

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Guaranteed Auto Protection (GAP) insurance is a form of car insurance that car owners can purchase to protect themselves against losses that may occur when the amount of compensation received in the event of a total write-off is insufficient to pay the amounts owed by the insured Financing or leasing the vehicle.

In addition, the gap between the amount owed on a loan and the amount protected by another insurance policy is covered by GAP insurance. Some GAP policies pay the deductible. GAP insurance is promoted for loans with low down payments, high interest rates and amortization periods of at least 60 months.

Growing consumer concerns about recovering the cost of the difference between the loan amount and the depreciated value of the vehicle is a major driver of revenue growth in the global gap insurance market. As car costs have decreased over time and the number of vehicle accidents has increased, gap insurance has become increasingly necessary to cover outstanding balances.

However, the expansion of the market is likely to be hampered by large claims being filed as a result of increased use of motor vehicles, putting a financial strain on insurance claims. In contrast, the expanding auto sector and increasing demand for insurance are two variables that are expected to continue to create lucrative opportunities for both established and new entrants.

Additionally, factors expected to drive market expansion include the availability of online value-added services and quick and easy claims settlement.

The Guaranteed Auto Protection (GAP) insurance market is segmented into Type, Application, Distribution Channel and Region. According to the type, the market is divided into return-to-invoice gap insurance, financial gap insurance, vehicle replacement gap insurance, return-to-value gap insurance, and others.

The application segment is divided into passenger cars and commercial vehicles. Commercial vehicle is further divided into light commercial vehicle and heavy commercial vehicle. The light commercial vehicles are further separated into new cars and used cars. Depending on the sales channel, it is fragmented into insurance agents/brokers, direct response and others. The market is analyzed regionally across the board North America, Europe, Asia Pacificand LAMEA.

Guaranteed Auto Protection (GAP) insurance market analysis includes top companies operating in the market such as Admiral Group Plc, Allianz, Allstate Insurance Company, American Family Insurance, Aviva, AXA, Berkshire Hathaway Inc., Chubb, Direct Gap, Kemper Corporation, Liberty Mutual Insurance Company, Majesco, Nationwide Mutual Insurance Company, Progressive Casualty Insurance Company, State Farm Mutual Automobile Insurance Company, The Travelers Idemnity Company and Zurich. These players have developed various strategies to increase their market penetration and strengthen their position in data analytics in the banking industry.

Main Benefits

  • The study offers an in-depth analysis of the GAP Insurance market along with the current trends and future estimates to illustrate the upcoming investment pockets.

  • The report provides information on the major drivers, restraints, and opportunities along with their impact analysis on the GAP Insurance market size.

  • Porter’s Five Forces Analysis illustrates the strength of buyers and suppliers operating in the industry.

  • The quantitative analysis of the GAP insurance market from 2021 to 2031 is provided to determine the market potential.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition and Scope
3.2.Key Findings
3.2.1.Top Investment Bags
3.3.Porter’s Five Forces Analysis
3.4.Top Player Positioning
3.5.Market Dynamics
3.5.1. Driver
3.5.2.Restrictions
3.5.3.Possibilities
3.6.COVID-19 Impact Analysis in the Market

CHAPTER 4: GUARANTEED CAR COVERAGE (GAP) INSURANCE MARKET ACCORDING TO ART
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Return to Invoice GAP Insurance
4.2.1 Key Market Trends, Growth Factors and Opportunities
4.2.2 Market Size and Forecast by Region
4.2.3 Market Analysis by Countries
4.3 GAP Financial Insurance
4.3.1 Key Market Trends, Growth Factors and Opportunities
4.3.2 Market Size and Forecast by Region
4.3.3 Market Analysis by Countries
4.4 Vehicle Replacement GAP Insurance
4.4.1 Key Market Trends, Growth Factors and Opportunities
4.4.2 Market Size and Forecast by Region
4.4.3 Market Analysis by Countries
4.5 Return to Value GAP Insurance
4.5.1 Key Market Trends, Growth Factors and Opportunities
4.5.2 Market Size and Forecast by Region
4.5.3 Market Analysis by Countries
4.6 Miscellaneous
4.6.1 Key Market Trends, Growth Factors and Opportunities
4.6.2 Market Size and Forecast by Region
4.6.3 Market Analysis by Countries

CHAPTER 5: GUARANTEED CAR COVERAGE (GAP) INSURANCE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Passenger Vehicles
5.2.1 Key Market Trends, Growth Factors and Opportunities
5.2.2 Market Size and Forecast by Region
5.2.3 Market Analysis by Countries
5.3 Commercial vehicle
5.3.1 Key Market Trends, Growth Factors and Opportunities
5.3.2 Market Size and Forecast by Region
5.3.3 Market Analysis by Countries

CHAPTER 6: GUARANTEED CAR COVERAGE INSURANCE MARKET (GAP) BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market Size and Forecast
6.2 Agents and Brokers
6.2.1 Key Market Trends, Growth Factors and Opportunities
6.2.2 Market Size and Forecast by Region
6.2.3 Market Analysis by Countries
6.3 Direct Response
6.3.1 Key Market Trends, Growth Factors and Opportunities
6.3.2 Market Size and Forecast by Region
6.3.3 Market Analysis by Countries
6.4 Miscellaneous
6.4.1 Key Market Trends, Growth Factors and Opportunities
6.4.2 Market Size and Forecast by Region
6.4.3 Market Analysis by Countries

CHAPTER 7: GUARANTEED CAR COVERAGE (GAP) INSURANCE MARKET BY REGION

CHAPTER 8: ENTERPRISE LANDSCAPE
8.1. introduction
8.2. The best winning strategies
8.3. Product attribution of the top 10 players
8.4. Competition Dashboard
8.5. Competitive heat map
8.6. Important Developments

CHAPTER 9: COMPANY PROFILES
9.1 Admiral Group PLC
9.1.1 Corporate Overview
9.1.2 Company Snapshot
9.1.3 Operating Business Segments
9.1.4 Product Portfolio
9.1.5 Business Performance
9.1.6 Important strategic steps and developments
9.2 Alliance
9.2.1 Company Overview
9.2.2 Company Snapshot
9.2.3 Operating Business Segments
9.2.4 Product Portfolio
9.2.5 Business Performance
9.2.6 Important strategic steps and developments
9.3 Allstate Insurance Company
9.3.1 Company Overview
9.3.2 Company Snapshot
9.3.3 Operating Business Segments
9.3.4 Product Portfolio
9.3.5 Business Performance
9.3.6 Important strategic steps and developments
9.4 American Family Insurance
9.4.1 Company Overview
9.4.2 Company Snapshot
9.4.3 Operating Business Segments
9.4.4 Product Portfolio
9.4.5 Business Performance
9.4.6 Important strategic steps and developments
9.5 Aviva
9.5.1 Company Overview
9.5.2 Company Snapshot
9.5.3 Operating Business Segments
9.5.4 Product Portfolio
9.5.5 Business Performance
9.5.6 Important strategic steps and developments
9.6 AXA
9.6.1 Company Overview
9.6.2 Company Snapshot
9.6.3 Operating Segments
9.6.4 Product Portfolio
9.6.5 Business Performance
9.6.6 Important strategic steps and developments
9.7 Berkshire Hathaway Inc.
9.7.1 Company Overview
9.7.2 Company Snapshot
9.7.3 Operating Segments
9.7.4 Product Portfolio
9.7.5 Business Performance
9.7.6 Important strategic steps and developments
9.8 Chubb
9.8.1 Company Overview
9.8.2 Company Snapshot
9.8.3 Operating Segments
9.8.4 Product Portfolio
9.8.5 Business Performance
9.8.6 Important strategic steps and developments
9.9 Direct Gap
9.9.1 Company Overview
9.9.2 Company Snapshot
9.9.3 Operating Segments
9.9.4 Product Portfolio
9.9.5 Business Performance
9.9.6 Important strategic steps and developments
9.10 Kemper Corporation
9.10.1 Company Overview
9.10.2 Company Snapshot
9.10.3 Operating segments
9.10.4 Product Portfolio
9.10.5 Business Performance
9.10.6 Important strategic steps and developments
9.11 Liberty Mutual Insurance Company
9.11.1 Company Overview
9.11.2 Company Snapshot
9.11.3 Operating segments
9.11.4 Product Portfolio
9.11.5 Business Performance
9.11.6 Important strategic steps and developments
9.12 Majesco
9.12.1 Company Overview
9.12.2 Company Snapshot
9.12.3 Operating segments
9.12.4 Product Portfolio
9.12.5 Business Performance
9.12.6 Important strategic steps and developments
9.13 National Mutual Insurance Company
9.13.1 Company Overview
9.13.2 Company Snapshot
9.13.3 Operating Segments
9.13.4 Product Portfolio
9.13.5 Business Performance
9.13.6 Important strategic steps and developments
9.14 Progressive Accident Insurance Company
9.14.1 Company Overview
9.14.2 Company Snapshot
9.14.3 Operating segments
9.14.4 Product Portfolio
9.14.5 Business Performance
9.14.6 Important strategic steps and developments
9.15 State Farm Mutual Automobile Insurance Company
9.15.1 Company Overview
9.15.2 Company Snapshot
9.15.3 Operating segments
9.15.4 Product Portfolio
9.15.5 Business Performance
9.15.6 Key strategic moves and developments
9.16 The Travelers Idemnity Company
9.16.1 Company Overview
9.16.2 Company Snapshot
9.16.3 Operating segments
9.16.4 Product Portfolio
9.16.5 Business Performance
9.16.6 Important strategic steps and developments
9.17 Zurich
9.17.1 Company Overview
9.17.2 Company Snapshot
9.17.3 Operating segments
9.17.4 Product Portfolio
9.17.5 Business Performance
9.17.6 Key strategic steps and developments

For more information about this report, visit https://www.researchandmarkets.com/r/j2tn7s

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