Steady growth in premium revenue provided a level of stability for the Commercial Motor Vehicle Insurance industry over the past five years, as investment revenue was more volatile. While the industry derives the majority of its revenue from insurance premiums, many operators rely on investment income to solidify their profit margins. As a result, overall revenue tends to fluctuate to a greater degree than underlying demand for commercial motor vehicle insurance, which has exhibited consistent growth. Over the five years through 2014-15, industry revenue has increased by an annualised 1.3%. Revenue growth in 2014-15 reflected this trend, also increasing by 1.3%, to reach $3.4 billion.This industry provides insurance for vehicles used for business purposes. These include vehicles such as trucks, vans, trailers, ambulances and buses.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.