Finaccord’s report titled Manufacturer-Branded and Dealer-Intermediated Motor Insurance and Road Assistance in the Asia-Pacific Region amalgamates comprehensive and in-depth research covering 12 countries, namely China, Hong Kong, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
Based on a survey of 820 dealers in these countries and an investigation typically covering around 30 manufacturer brands in each territory (although as many as 76 in China), the study delivers unique insights into the market for cross-selling or packaging motor insurance and road assistance in conjunction with sales of new and used passenger cars and LCVs bought by consumers through the automotive trade distribution channel.
The research also generates data describing the value of the markets for motor insurance and road assistance captured by the automotive trade in each country in terms of both new and on-going policies.
In addition to this unique market data, the survey results measure the extent to which automotive dealers and manufacturer brands actually intermediate motor insurance and road assistance in each country, and can be used to calculate average customer take-up rates at the point of sale, and to understand relationships between manufacturers or importers and external providers of motor insurance and road assistance for branded or endorsed programs.
The report, plus the PartnerBASE™ and market data file that accompany it, can be used in one or more of the following ways:
understand the current value and future potential of the market for manufacturer-branded and dealer-intermediated motor insurance and road assistance in the Asia-Pacific region;
appreciate the extent to which the automotive trade represents a viable distribution channel for motor insurance in each country and the competition that it faces from rival distribution systems;
benchmark the degree of competitive intensity recorded by the research for distributing motor insurance and road assistance cover through the point of sale;
evaluate the potential for establishing partnerships with automotive brands or their local importers for programs for branded or endorsed motor insurance and road assistance ;
track the involvement in this field of leading national and international competitors including Allianz / Allianz Global Assistance, CPIC, JAF, MAPFRE Asistencia, MS&AD, PICC, Ping An, Sompo Holdings, Tokio Marine and TVS AA.
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Finaccord is a market research, publishing and consulting company specialising in insurance and other financial services. Finaccord is part of Aon Global Operations SE Singapore Branch.