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Motor Insurance Trends

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Changing Preferences: Current trends indicate a shift in shopper behavior. Today, vehicles with elaborate options and high-end style square measure growing in quality across totally different worth points and segments.Growing quality Of App-Based Aggregators: client preferences square measure progressively tilting towards app-based aggregators (Uber, Ola, etc.), attributable to higher convenience at similar prices at the side of discounts and enticing offers. This trend is valid away from the very fact that though the unionized taxi market accounts just for around five-hitter of all taxis across the country, the market is growing virtually at 2 hundredth annually. The self-driven rental automotive phase conjointly appearance promising, with numerous services in operation within the market with thousands of cars. Such trends is also answerable for motor insurance purchase step by step drifting towards these segments.

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