Growing policy volumes and premium prices have spurred revenue growth for the Motorcycle Insurance industry over the five years to 2017. Coupled with rising motorcycle registrations, increasing premium prices are anticipated to cause industry revenue to increase. Consistently rising policy prices in recent years has been in line with the broader property-casualty market, which experienced a hardening pricing cycle during the period. Moreover, the markets for motorcycle insurers have also been affected by distinct demographic changes. Over the five years to 2022, industry revenue is forecast to increase. Continued increases in motorcycle registrations and premium prices are expected, particularly with per capita disposable income anticipated to rise.
This industry underwrites motorcycle insurance policies. Motorcycle insurance provides financial protection against physical damage to the vehicle and bodily injury resulting from traffic collisions. It can also protect against resulting liability.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.