According to a new research study released by Finaccord, worldwide, the value of auto insurance premiums in 2014 was $671.3 billion with this global market size having risen at a nominal compound annual growth rate of 5.2 percent since 2010, when premiums were worth $547.0 billion, though this growth rate was 3.2 percent in real terms when adjusted for inflation.
In 2014, the worldwide market value broke down between $460.1 billion (69 percent of the total) in personal motor insurance premiums and $210.2 billion (31 percent) in commercial motor insurance premiums.
“At a respective $214.1 billion, $86.4 billion and $46.0
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