NEW YORK, Nov. 12, 2021 /PRNewswire/ -- The Auto Insurance market will register an incremental spend of about USD 348.11 Billion, growing at a CAGR of 8.49% during the five-year forecast period. A targeted strategic approach to Auto Insurance sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic.  

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Key Highlights Offered in the Report:  

• Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
• Gain information on relevant pricing levels, detailed explanation on pros and cons of prevalent pricing models.
• Methods to help engage with the right suppliers and discover KPI's to evaluate incumbent suppliers.

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Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for the Auto Insurance market. The report also aids buyers with relevant Auto Insurance pricing levels, pros, and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.

For more insights on buyer strategies and tactical negotiation levers, www.spendedge.com/report/auto-insurance-sourcing-and-procurement-intelligence-report

Key Drivers and Trends Fueling Market Growth:

The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.

Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 5%-7%.

• Identify favorable opportunities in Auto Insurance TCO (total cost of ownership).
• Expected changes in price forecast and factors driving the current and future price changes.
• Identify pricing models that offer the most rewarding opportunities.

SpendEdge presents a detailed picture of this procurement market by the way of study, synthesis, and summation of data from multiple sources. Our Auto Insurance market procurement report covers the following areas:

• Auto Insurance Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider
• Auto Insurance Market's Most Adopted Procurement Strategies by Buyers Across Industries
• Auto Insurance Market's Major Pricing Models Adopted by Buyers in Auto Insurance Market

Some of the top Auto Insurance suppliers listed in this report:

This Auto Insurance procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

• AXA SA
• Assicurazioni Generali SPA
• Allstate Corp.

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Table of Content

• Executive Summary
• Market Insights
• Category Pricing Insights
• Cost-saving Opportunities
• Best Practices
• Category Ecosystem
• Category Management Strategy
• Category Management Enablers
• Suppliers Selection
• Suppliers under Coverage
• US Market Insights
• Category scope
• Appendix

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. 

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
Ph No: +1 (872) 206-9340
https://www.spendedge.com/contact-us

SOURCE SpendEdge