Global Usage Based Insurance Market Insight on Business Strategies and Key Objectives – Key Players are Allianz, AXA, Progressive Insurance, Allstate, Aviva, AXA US, Generali, Metromile, Ageas Group

“Global Usage Based Insurance Market”
Global Usage Based Insurance Market, By Package type (pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD)), vehicle type (light-duty vehicle (LDV), heavy-duty vehicles (HDV)), Device offering (company provided, bring your own device (BYOD)), Technology (OBD-II, smartphone, embedded system, black box and others), Geography

Global Usage-Based Insurance Research for a Leading company is an intelligent process of gathering and analyzing the numerical data related to services and products. This Research Give idea to aims at your targeted customer understands needs and wants. Also, reveals how effectively a company can meet their requirements. The market research collects data about the customers, marketing strategy, competitors. The Usage-Based Insurance industry is becoming increasingly dynamic and innovative, with more number of private players entering the industry.

The Usage-Based Insurance industry is largely based on the driver and the usage of his vehicle and the way he drives. The premium is calculated on these factors which induces lower insurance premium and motivates the user to drive safer. These factors are driving the market and growing the market value from an estimated value of USD 21 billion in 2017 to an estimated value of USD 87.32 billion by 2025, also registering a CAGR of 19.5%.

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Key Players/Companies: Global Usage-Based Insurance

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

Allianz, AXA, Progressive Insurance, Allstate, Allstate Canada, Desjardins, Generali, MAPFRE, Metromile, Aviva, Admiral Group Plc,Ageas Group, Octo Telematics, TomTom Telematics, Liberty Mutual Insurance, Intelligent Mechatronic Systems – IMS, Mitsui Sumitomo Insurance Co. (Europe) Ltd, Watchstone Group plc, Allianz Australia, Aviva Canada, Allianz Asia Pacific, AXA Insurance Company, AXA US, Aviva Asia, AXA Italia, AXA UK, Ageas UK, Liberty Mutual Insurance Europe Limited

Research Methodology: Global Usage Based Insurance Market

  • Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.
  • Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers

Global Usage-Based Insurance: Table of Contents

  1. 1.       Executive Summary
  2. 2.       Scope/opportunities of the Report
  3. 3.       Research Methodology
  4. 4.       Market Landscape
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  1. 5.       Pipeline Analysis
  • Pipeline analysis
  1. 6.       Market Sizing
  • Market definition
  • Market sizing
  • Market size and forecast
  1. 7.       Porter’s Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
  1. 8.       Market Segmentation
  • Segmentation
  • Comparison
  • Market opportunity
  1. 9.       Customer Landscape
  2. 10.   Regional Landscape
  • Geographical segmentation
  • Regional comparison
  • Europe
  • MEA
  • APAC
  • North America
  • South America
  • Market opportunity
  1. 11.   Business Decision Framework
  2. 12.   Drivers And Challenges
  • Market challenges
  • Market drivers
  1. 13.   Market Key Trends
  2. 14.   Players Landscape
  • Overview
  • Landscape disruption
  1. 15.   Players Analysis
  • Players covered
  • Players classification
  • Market positioning of Players
  1. 16.   Appendix
  • List of abbreviations

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Market Drivers and Restraints: Global Usage-Based Insurance

  • Reduced Premium costs in comparison to normal automotive insurance, also increase in the vehicle sales has raised the demand for insurance of vehicles.
  • Government regulations are not clear on Usage-Based Insurance, which makes the whole process complicated as no clear regulations are set for the users.
  • Technology is projected to advance in the coming years and hence, Usage-Based insurance which is majorly dependent on the technological aspect is projected to register significant market growth.
  • Usage-Based Insurance is dependent on the driving score. The technology used to calculate these driving scores is expected to be expensive in future; therefore, increasing the cost of the insurance will be a major restraining factor.

Market Segmentation: Global Usage-Based Insurance

Based on region, the market split into

  • North America,
  • Europe,
  • Asia-Pacific, and
  • Middle East & Africa, and
  • South America

The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.

U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare.

By Package Type 

  • Pay-As-You-Drive (PAYD)
  • Pay-How-You-Drive (PHYD)
  • Manage-How-You-Drive (MHYD)

By Electric & Hybrid Vehicles

  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Battery Electric Vehicle

By Technology

  • On-board Diagnostics-II
  • Smartphone
  • Embedded System
  • Black Box

By Device

  • Bring Your Own Device
  • Company Provided

By Vehicle Age

  • New Vehicles
  • On-Road Vehicles

By Vehicle Type

  • Light-Duty Vehicle
  • Heavy-Duty Vehicle

Customization of the Report

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