Advance Market Analytics published a new research publication on“Global Usage Based Insurance Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Usage Based Insurance market was mainly driven by the increasing R&D spending across the world.
Major players profiled in the study are:
Allstate (United States), Progressive Corporation (United States), Vodafone (United Kingdom), Octo Telematics (United Kingdom), Norris Insurance (United States), Intellimec (Canda), TomTom (Netherlands), Octo Telematics (Italy), Allianz (Germany), AXA (France), Liberty Mutual (United States), Verizon (United States), Sierra Wireless (Canada)
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Scope of the Report of Usage Based Insurance
Usage based insurance also referred as pay-per-mile, pay-as-you-drive or pay-as-you-go is a type of auto insurance that depending on the specific insurer’s program. It can measure how far a vehicle is driven, where it is driven and how it is driven. The demand for usage based insurance is highly propelled in recent years with the increasing adoption of telematics in the vehicle as well as increasing adoption of mobility as a service. Insurance companies and telematics companies operating in the developed and developing countries are scoring investments which helps to growth of usage based insurance market.
On 6th September 2018, Progressive Corporation, a leader in usage based insurance introduced ELD usage based insurance program for commercial truck drivers. It is available to owner-operators and small fleets that have an electronic logging device (ELD).
The Global Usage Based Insurance Market segments and Market Data Break Down are illuminated below:
by Vehicle (Passenger Vehicle, Commercial Vehicle), Technology (OBD-II, Smartphone, Embedded System, Black Box, Other), Package (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD))
Market Opportunities:
- Rising Penetration of Smartphones Integrated With Vehicle Connectivity Systems
Market Drivers:
- Significant Growth in the Automotive Industry
- Increasing Adoption of Telematics and Connected Cars
Market Trend:
- Trend of Try-Before-You-Buy (TBYB) Insurance Model
What can be explored with the Usage Based Insurance Market Study?
- Gain Market Understanding
- Identify Growth Opportunities
- Analyze and Measure the Global Usage Based Insurance Market by Identifying Investment across various Industry Verticals
- Understand the Trends that will drive Future Changes in Usage Based Insurance
- Understand the Competitive Scenarios
– Track Right Markets
– Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Usage Based Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Usage Based Insurance market
Chapter 2: Exclusive Summary – the basic information of the Usage Based Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Usage Based Insurance
Chapter 4: Presenting the Usage Based Insurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Usage Based Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Usage Based Insurance Market is a valuable source of guidance for individuals and companies.
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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