Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy. This type of business insurance covers many types of commercial vehicles—from automobiles used for business purposes, including company cars, to a wide variety of commercial trucks and vehicles.
Major companies in the industry include PICC, Progressive Corporation and Ping An Insurance, which accounted for 5.03%, 3.82% and 3.41% of revenue in 2019, respectively. By region, Europe had the highest share of income, at 35.56%.

Market Analysis and Insights: Global Commercial Auto Insurance Market
The global Commercial Auto Insurance market size is projected to reach US$ 205840 million by 2027, from US$ 132160 million in 2020, at a CAGR of 6.5% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Commercial Auto Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Commercial Auto Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Commercial Auto Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Commercial Auto Insurance market.

Global Commercial Auto Insurance Scope and Market Size
Commercial Auto Insurance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Commercial Auto Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Liability Insurance
Physical Damage Insurance
Others
Physical damage insurance dominated the commercial auto insurance market in 2019, which accounted for over 66.8% market share.

Segment by Application
Passenger Car
Commercial Vehicle
Commercial vehicle holds an important share in terms of applications with a market share of near 69% in 2019.

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp.
Generali Group
MAPFRE
Chubb
AmTrust NGH