The global automotive insurance market is evolving with the growing automotive industry. With increasing need for safety, the insurance coverage for vehicles is also growing at higher premiums.
Technavio’s analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 6.87 % during the period 2018-2022.
Covered in this report The report covers the present scenario and the growth prospects of the global automotive usage-based insurance market for 2018-2022. To calculate the market size, the report considers the e driving mileage and driving behavior.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Automotive Usage-Based Insurance Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Allianz • Intelligent Mechatronic Systems • Watchstone Group • Octo Telematics • Sierra Wireless
Market driver • Flexible pricing scheme • For a full, detailed list, view our report
Market challenge • High cost of telematic device installation • For a full, detailed list, view our report
Market trend • Shared data plans to reduce data subscribers per user • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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"The future of the insurance industry rests on the ability of carriers to adapt to the ever-evolving insurance ecosystem to successfully deliver usage-and-value-based products and manage risks proactively. This is critical to make customers feel they receive maximum value for the premiums they pay and stay loyal to their carriers," said Sabitha...
This IDC Taxonomy discusses how the insurance industry's digital mission is driven by the challenges posed to existing business models by the change in expectations of customers and partners, technology innovations, regulatory demands, and sociopolitical and economic disruptions. The advent of semi-autonomous or autonomous vehicles, connected...
Forecasts by Pricing Model (Pay As You Drive (PAYD), Pay How You Drive (PHYD), Manage How You Drive (MHYD), by Data Collection Method (On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box)), by Technology Incorporated (Application Based System, Embedded System) & by Geography) Plus Leading Telematics Service Providers (TSP)...
32 pages •
By The Business Research Company
• Jan 2018
The insurance providers industry comprises establishments engaged in underwriting (assuming the risk and assigning premiums) annuities and insurance policies. Insurance Providers invest premiums to build up a portfolio of financial assets to be used against future claims. Direct insurance providers are entities that are engaged in primary...
Summary Easy internet accessibility through computers, mobiles, and handheld devices has increased customers' dependence on online platforms for most things. Customers are now using these devices to seek information and updates on insurance products and services, a trend that is expected to grow in the near future. While the penetration...