Recreational Vehicle Insurance Market Next Big Thing : Major Giants: Intact Insurance, Western Financial Group, Aviva Plc
Edison, NJ — (SBWIRE) — 07/21/2021 — A Latest intelligence report published by AMA Research with title “Recreational Vehicle Insurance Market Outlook to 2026”. A detailed study accumulated to offer Latest insights about acute features of the Global Recreational Vehicle Insurance market. This report provides a detailed overview of key factors in the Recreational Vehicle Insurance Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Factors contributing to the growth include: Increase in the number of Recreational Vehicle sales across the Canada, Mandatory requirement of insurance Fueling the Demand & Owing To Urbanization and High Disposable Income People Are Buying Recreational Vehicles
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Major Players in This Report Include,
Intact Insurance (Canada), Western Financial Group (Canada), Aviva plc (United Kingdom), Farmers Insurance (United States), USAA (United States), GEICO (United States), MetLife (United States), Liberty Mutual (United States), State Farm (United States), Shelter Insurance (United States),
What do you know about Recreational Vehicle Insurance?
The sales of recreational vehicles in Canada is booming, registered retail sales of 8.88 billion Canadian Dollars (USD 6.73 Billion) in the 2019 fiscal year. Thereby, the demand for RV insurance is also surging with increased accidents and injuries. RV insurance offers coverage such as bodily injury and property damage liability, uninsured motorist, personal injury protection, limited property damage, property protection, comprehensive, and collision to recreational vehicles. During the upcoming years, the market is expected to flourish at a rapid pace. There are several international players are operating within the market.
On 15 Aug. 2019, Intact Financial Corporation, a leading RV insurance provider announced that it has entered into a definitive agreement with Princeton Holdings Limited to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the U.S., and Frank Cowan Company Limited (“Frank Cowan”), a managing general agent (“MGA”) focused on specialty insurance for a cash consideration of approximately $1 billion.
– Increase in the number of Recreational Vehicle sales across the Canada
– Mandatory requirement of insurance Fueling the Demand
– Owing To Urbanization and High Disposable Income People Are Buying Recreational Vehicles
– Growing RV Sales Expected to Open Lucrative Opportunities for the Market
– A Trend towards Online Policy Purchase
The Global Recreational Vehicle Insurance Market segments and Market Data Break Down are illuminated below:
by Type (Financed RVs, Rental RVs), Application (Towable RVs, Loan-Free RVs), Coverage Type (Bodily Injury and Property Damage Liability, Uninsured Motorist, Personal Injury Protection (PIP), Limited Property Damage, Property Protection, Comprehensive, Collision), Distribution Channel (Direct Sales, Indirect Sales (Agents, Brokers, Others)), Vehicle Type (All-Terrain Vehicles, Dune Buggies, Golf Carts, Mini-Bikes, Motor Homes, Recreational Vehicle Trailers, Snowmobiles, Others)
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Strategic Points Covered in Table of Content of Recreational Vehicle Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Recreational Vehicle Insurance market
Chapter 2: Exclusive Summary – the basic information of the Recreational Vehicle Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Recreational Vehicle Insurance
Chapter 4: Presenting the Recreational Vehicle Insurance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the Recreational Vehicle Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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– Comprehensive overview of parent market& substitute market
– Changing market dynamics in the industry (COVID & Economic Impact Analysis)
– In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
– Recent industry trends and development activity
– Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
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Key questions answered
– Who are the Leading key players and what are their Key Business plans in the Recreational Vehicle Insurance market?
– What are the key concerns of the five forces analysis of the Recreational Vehicle Insurance market?
– What are different prospects and threats faced by the dealers in the Recreational Vehicle Insurance market?
– What possible measures players are taking to overcome and stabilize the situation?
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