This report analyzes and forecasts the market for usage-based insurance at the global and regional level.The market has been forecasted based on volume (thousand units) and value (US$ Mn) from 2019 to 2027.
The study includes drivers and restraints of the global usage-based insurance market.It also covers the impact of these drivers and restraints on the demand for Usage-based Insurance services during the forecast period.
The report also highlights opportunities and future scope in the market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global usage-based insurance market.The Porter’s Five Forces model for the market has also been included to help understand the competitive landscape in the market.
The study encompasses market attractiveness analysis, wherein the service is benchmarked based on market size, growth rate, and general market share.
The study provides a decisive view of the global usage-based insurance market by segmenting it in terms of policy type, device type, vehicle type, and region.These segments have been analyzed based on present and future trends.
Regional segmentation includes the current and forecast demand for Usage-based Insurance in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual segments in all major countries across all the regions.
The study includes profiles of major companies operating in the global usage-based insurance market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
Rising competition among insurance companies to quote a competitive price and to effectively underwrite the insurance is driving the usage-based insurance market.Real-time tracking of the vehicle helps asses the risk more accurately and hence, insurance companies can determine indemnity and maintain actuarial reserve.
Rising consumer interest in connected vehicles has fueled the adoption of usage-based insurance services.
The report provides the estimated cumulative market size of usage-based insurance for 2018 and forecast for the next nine years.The global market size has been provided in terms of volume and value.
Market numbers have been estimated based on policy type, device type, vehicle type, and regional segments. Market size and forecast for each policy type, device type, and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders.Primary research represents the bulk of research efforts, supplemented by extensive secondary research.
We reviewed key player’s product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding.Secondary research also includes a search of recent trade, technical writing, internet sources, and statistics data from government websites, trade associations, and agencies.
This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, OICA, JAMA, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, LinkedIn interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies.We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis.
Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc.These help validate and strengthen secondary research findings.
These also help develop the analysis team’s expertise and market understanding.
The global usage-based insurance market has been segmented as follows:
Global Usage-based Insurance Market, by Policy Type Pay-How-You-Drive (PHYD) Pay-As-You-Drive (PAYD) Manage-How-You-Drive (MHYD)
Global Usage-based Insurance Market, by Device Type Black Box OBD Dongle Smartphone Others
Global Usage-based Insurance Market, by Vehicle Type Passenger Vehicle Commercial Vehicle
Global Usage-based Insurance Market, by Region/ by Country/ Sub-region North America U.S. Canada Europe Germany U.K. France Italy Spain Rest of Europe Asia Pacific China India Japan ANZ Rest of Asia Pacific Middle East & Africa (MEA) GCC South Africa Rest of MEA Latin America Brazil Mexico Rest of Latin America
Our reports have been used by over 10K customers, including:
142 pages •
By Global Industry Analysts
• Sep 2020
Global Insurance Telematics Market to Reach $6.7 Billion by 2027 Amid the COVID-19 crisis, the global market for Insurance Telematics estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$6.7 Billion by 2027, growing at aCAGR of 20.7% over the period 2020-2027. On-Premises, one of the segments analyzed...
Usage-based Insurance Market Research Report by Package Type (Manage-How-You-Drive, Pay-As-You-Drive, and Pay-How-You-Drive), by Technology (Black Box, Embedded System, OBD-II, and Smartphone) - Global Forecast to 2025 - Cumulative Impact of COVID-19 The Global Usage-based Insurance Market is expected to grow from USD...
145 pages •
By Global Industry Analysts
• Jul 2020
Global Usage-based Insurance Market to Reach $110.2 Billion by 2027 Amid the COVID-19 crisis, the global market for Usage-based Insurance estimated at US$33.1 Billion in the year 2020, is projected to reach a revised size of US$110.2 Billion by 2027, growing at a CAGR of 18.7% over the analysis period 2020-2027. PAYD, one of the segments...
Global Motor Insurance Market 2020 - Thematic Research Summary ’Global Motor Insurance Market 2020 - Thematic Research’ report provides a detailed outlook of the global motor insurance industry. This report provides in-depth market analysis, information, and insights into the global and regional...
The automotive usage based insurance market remains a relative niche market; however, it is currently witnessing strong growth.The automotive usage based insurance market value chain includes multiple industries. UnipolSai, Progressive, State Farm, Generali, Allstate, Intact, Allianz, and Insure are among the automotive usage based...
184 pages •
By Global Industry Analysts
• Sep 2020
Global Motor Vehicle Insurance Market to Reach $989.6 Million by 2027 Amid the COVID-19 crisis, the global market for Motor Vehicle Insurance estimated at US$709.2 Million in the year 2020, is projected to reach a revised size of US$989.6 Million by 2027, growing at aCAGR of 4.9% over the period 2020-2027. Personal Insurance Premiums,...
Colombia General Insurance - Key trends and Opportunities to 2024 Summary ’Colombia General Insurance - Key trends and Opportunities to 2024’ report provides in-depth market analysis, information and insights into the the Colombian general insurance segment. This report provides a detailed...
India General Insurance - Key trends and Opportunities to 2023 Summary ’India General Insurance - Key trends and Opportunities to 2023’ report provides in-depth market analysis, information and insights into the the Indian general insurance segment. This report provides a detailed outlook...
Usage-based Insurance Market Research Report by Package Type (Manage-How-You-Drive, Pay-As-You-Drive, and Pay-How-You-Drive), by Technology (Black Box, Embedded System, OBD-II, and Smartphone) - United States Forecast to 2025 - Cumulative Impact of COVID-19 The United States Usage-based Insurance Market is projected...
The integration of telematics technology constitutes the latest revolution for the automotive insurance industry. The concept of telematics is a portmanteau of telecommunications – long- distance communications – and informatics – the science of information. Telematics in general thus refers to the collection of information related to remote...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.