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Fleet Insurance and Assistance in Italy

Table of Contents 

Executive Summary

Introduction

Market Analysis

List of Graphics / Tables

 

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

What is this report about?

Fleet motor insurance and road assistance are analysed by both vehicle type and industry segment

Rationale

There are multiple reasons for updating research about this market across ten European countries…

… including not only its size and complexity…

… but also a future trajectory likely to be affected by the growing popularity of car sharing concepts

Methodology

Market data

Survey of fleet operating companies and relevant trade associations

Definitions

Car sharing

Commercial vehicles

Fleet

GAP insurance

Haulage vehicles

Insurance buyer

Motor insurance

Motor trade

Operating leases

Taxi firms and private hire vehicles

Operating models

Abbreviations and exchange rates

Finaccord

2.0 MARKET ANALYSIS

Introduction

Fleet parc – size, growth and segmentation

Overview

The fleet vehicle parc in Italy has increased since hitting a low point in 2013…

… with most of this rise due to growth in fleet passenger cars

Passenger cars

Operating lease firms represent the largest specific segment within the passenger car fleet parc…

… although the small segment of car clubs has outgrown all others by far

Commercial vehicles

The largest specific segment in the fleet commercial vehicle market is also that of operating lease firms…

… with a combined total of around 124,400 vehicles in 2016

Fleet size brackets

Small fleets are comparatively important within the overall market for fleet vehicles in Italy

Fleet motor insurance – size, growth and segmentation

Overview

The value of the Italian fleet motor insurance declined precipitously between 2012 and 2016…

Passenger car fleet motor insurance

… with all passenger car fleet segments affected in this respect apart from that of car clubs

Commercial vehicle fleet motor insurance

The contraction in the commercial vehicle fleet motor insurance market has been even more pronounced

Fleet size brackets

Smaller fleets are less able to benefit from the economies of scale that larger ones do

Fleet road assistance – size and growth

Fleet road assistance revenues have been supported by expansion in the passenger car category

Distribution partnerships for fleet insurance and assistance

Motor insurance

Around three quarters of leasing firms intermediate motor insurance in one form or another…

… and most link with a single, external underwriter for this purpose…

… with UnipolSai and Reale Mutua seemingly most used in this context

GAP insurance

Selected leasing firms and trade associations offer fleet GAP insurance…

… with direct links to a single, external underwriter again representing the most common operating model

BNP Paribas Cardif has established itself as the leader in this field by number of partnerships

Road assistance

Road assistance in commonly on offer across all types of distribution partner in Italy…

… with direct links to the ultimate assistance provider slightly preferred to bundling with motor insurance

Europ Assistance and ACI Global are the most prominent providers of this service

Fleet motor insurance - forecast

Overview

The fleet motor insurance will continue to decline up to 2020 but at a much slower rate than before…

Passenger cars

… with most segments of the fleet passenger car market returning to growth…

... albeit with a more mixed picture in the commercial vehicle fleet motor insurance market 

Fleet road assistance - forecast

Moderate growth is predicted for the Italian market for fleet road assistance

Future impact of car sharing and driverless cars

A global trend in favour of car sharing will affect the passenger car fleet market, in particular

Driverless cars are expected to have more of an impact in the medium-term to long-term future

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

Key data for the fleet vehicle parc and the fleet motor insurance market in Italy, 2016

1.0 INTRODUCTION

Affinity and corporate partners for fleet motor insurance, road assistance and GAP insurance researched by Finaccord in Italy, segmented by category

2.0 MARKET ANALYSIS

Size of the fleet vehicle parc in Italy segmented between passenger cars, light commercial vehicles, heavy commercial vehicles, and buses and coaches, 2012 to 2016

Size of the fleet vehicle parc in Italy segmented between passenger cars, light commercial vehicles, heavy commercial vehicles, and buses and coaches, 2012 to 2016 (table)

Size of the passenger car fleet parc in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2016

Growth of the passenger car fleet parc in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2012 to 2016

Size and growth of the passenger car fleet parc in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2012 to 2016 (table)

Size of the commercial vehicle fleet parc in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2016

Growth of the commercial vehicle fleet parc in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2012 to 2016

Size and growth of the commercial vehicle fleet parc in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2012 to 2016 (table)

Size of the total fleet vehicle parc in Italy segmented between micro, small, medium, large and very large fleets, 2016

Size of the total fleet vehicle parc in Italy segmented between micro, small, medium, large and very large fleets, 2016 (table)

Value of the fleet motor insurance market and its share of total motor insurance in Italy, 2012 to 2016

Value of the fleet motor insurance market in Italy segmented between passenger cars, light commercial vehicles, heavy commercial vehicles, and buses and coaches, 2012 to 2016 (table)

Value of the passenger car fleet motor insurance market in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2016

Growth in value of the passenger car fleet motor insurance market in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2012 to 2016

Value and growth in value of the passenger car fleet motor insurance market in Italy segmented by type of insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2012 to 2016 (table)

Value of the commercial vehicle fleet insurance market in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2016

Growth in value of the commercial vehicle fleet insurance market in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2012 to 2016

Value and growth in value of the commercial vehicle fleet insurance market in Italy segmented by type of insurance buyer (i.e. couriers and postal services, the motor trade, operating lease firms, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2012 to 2016 (table)

Value of the total fleet motor insurance market in Italy segmented between micro, small, medium, large and very large fleets, 2016

Value of the total fleet motor insurance market in Italy segmented between micro, small, medium, large and very large fleets, 2016 (table)

Value of the fleet road assistance market in Italy segmented between passenger cars and commercial vehicles, buses and coaches, 2012 to 2016

Value and growth in value of the fleet road assistance market in Italy segmented between passenger cars and commercial vehicles, buses and coaches, 2012 to 2016 (table)

Provision rates for fleet motor insurance in Italy segmented by type of distribution partner, 2017

Operating models used for fleet motor insurance distribution partnerships in Italy, 2017

Insurance providers’ share of distribution partnerships for fleet motor insurance in Italy, 2017

Provision rates for fleet GAP insurance segmented by type of distribution partner in Italy, 2017

Operating models used for fleet GAP insurance distribution partnerships in Italy, 2017

Insurance providers’ share of distribution partnerships for fleet GAP insurance in Italy, 2017

Provision rates for fleet road assistance by type of distribution partner in Italy, 2017

Operating models used for fleet road assistance distribution partnerships in Italy, 2017 40 Assistance providers’ share of distribution partnerships for fleet road assistance in Italy, 2017

Value of the fleet motor insurance market in Italy segmented between passenger cars, light commercial vehicles, heavy commercial vehicles, and buses and coaches, 2016 and 2020 (forecast)

Value and growth in value of the fleet motor insurance market in Italy segmented between passenger cars, light commercial vehicles, heavy commercial vehicles, and buses and coaches, 2016 and 2020 (forecast) (table)

Growth in value of the passenger car fleet motor insurance market in Italy segmented by insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2016 to 2020 (forecast)

Value and growth in value of the passenger car fleet motor insurance market in Italy segmented by insurance buyer (i.e. car clubs, car hire firms, driving schools, the motor trade, operating lease firms, taxi firms and other fleet operators), 2016 and 2020 (forecast) (table)

Growth in value of the commercial vehicle fleet insurance market in Italy segmented by insurance buyer (i.e. couriers and postal services, the motor trade, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2016 to 2020 (forecast)

Value and growth in value of the commercial vehicle fleet insurance market in Italy segmented by insurance buyer (i.e. couriers and postal services, the motor trade, removal firms, road haulage for customers, road haulage on own account, van and lorry hire firms, and other fleet operators), 2016 to 2020 (forecast) (table)

Value and growth in value of the fleet road assistance market in Italy segmented between passenger cars and commercial vehicles, buses and coaches, 2016 and 2020 (forecast)

Value and growth in value of the fleet road assistance market in Italy segmented between passenger cars and commercial vehicles, buses and coaches, 2016 and 2020 (forecast) (table)

 

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