Bicycle Insurance in the USA: Market Dynamics, Affinities and Partnerships
is a report investigating the market for insurance for bicycles in the US. Key features include: an outline of market drivers and the value, growth and segmentation of the market from 2014 to 2018; quantification and commentary concerning the segmentation of policies in force by distribution channels used to buy them in 2018; estimates for underwriter market shares in 2018; a comprehensive listing of major affinity and partnership marketing relationships visible at the time of the research in 2018 for this type of policy, including ones employing 'insurtech' with the aim of disrupting incumbent competitors; and forecasts for the value of the market up to 2022.
Moreover, all market value data, including the forecast, is segmented between the Midwest, Northeast, South and West so that the current magnitude and likely future direction of the opportunity is apparent for each region, and is provided in addition to the report, along with other supporting data, in an associated market data file.
In this report, bicycle insurance is defined as stand-alone insurance covering bicycles bought by consumers either at the point of sale or retrospectively. It does not include cover for bicycles embedded within homeowners or renters insurance policies nor does it include cover bought by retailers of bicycles for their own business risks. It also excludes policies written as a form of auto insurance, as can happen if electric bicycles are classified as scooters or motorcycles.
In keeping with 11 other studies in this series, research processes and sources used to create it include the following: primary interviews with leading brokers, underwriters and affinity / corporate partners active in this field; in-house data drawn from other Finaccord reports; and comprehensive analysis of secondary information from a diverse range of data sources including US government departments and financial regulators, relevant trade and other associations, specialist publications and published disclosures by competitors active in the market. All relevant workings, such as estimates for attachment rates within the target audience, are presented in a transparent manner.
For further information about this research, please access the table of contents and series prospectus by clicking on the links at the top of this page, or e-mail firstname.lastname@example.org