Global Usage Based Insurance Market is register a healthy CAGR of 19.1% in the forecast period 2019 to 2026 – Key Players are Allianz, AXA, Progressive Insurance, Allstate, Generali, Aviva and others

Global Usage Based Insurance Market is register a healthy CAGR of 19.1% in the forecast period 2019 to 2026 - Key Players are Allianz, AXA, Progressive Insurance, Allstate, Generali, Aviva and others

“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, Vehicle age (new vehicles, on-road vehicles), Electric and hybrid vehicle (hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV)), Geography

The report includes detailed value chain analysis, which provides a comprehensive view of the global Usage-Based Insurance market. Porter’s Five Forces model for the Usage-Based Insurance market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in products and applications are benchmarked based on their market size, growth rate, and general attractiveness.

A large number of local and global players are competing with one another in the global Usage-Based Insurance market.  This makes the landscape fragmented in nature. The market is also witnessing the foray of new players wanting to cash in on the unmet demands of consumers. To make headway in the market, players are focusing on product development and strategic mergers and acquisitions. They are also enhancing their distribution networks to steal a march over their competitors.

Global usage based insurance market is register a healthy CAGR of 19.1% in the forecast period of 2019 to 2026.

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The study emphasizes advancement in Usage-Based Insurance solutions as it has immense influence on the decision making process in almost all socioeconomic and business aspects.  Furthermore, the report provides a detailed analysis of the global Usage-Based Insurance market along with the market forecast in terms of revenue growth for all segments.

In the final section of the report on Usage-Based Insurance, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in the total Usage-Based Insurance market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on an in-depth evaluation of their capabilities and success in the Usage-Based Insurance marketplace.

Major Companies Covered

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

Market Drivers and Restraints:

  • 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.


Executive Summary

Scope/opportunities of the Report

Research Methodology

Market Landscape

Pipeline Analysis

Market Sizing

Porter’s Five Forces Analysis

Market Segmentation

Customer Landscape

Regional Landscape

Business Decision Framework

Drivers And Challenges

Market Key Trends

Players Landscape

Players Analysis


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Important attributes of the report:

  • Competitors – In this section, various Usage-Based Insurance industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
  • The 360-degree Usage-Based Insurance overview based on a global and regional level
  • Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Usage-Based Insurance Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
  • Market share, value, volume, and production capacity is analyzed on global, regional and country level
  • Market Outlook: The report also sheds light on some of the major factors, including R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of the key industry participants, on a regional and global basis.
  • A complete and useful guide for new market aspirants
  • Strategic suggestion and proposals for the new comers those are willing to enter the market.
  • Forecast information will drive strategic, innovative and profitable business plans
    SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
  • Production Analysis – Production of the Usage-Based Insurance is analyzed with respect to different regions, types and applications. Here, price analysis of various Usage-Based Insurance Market key players is also covered.
  • Supply and Consumption – In continuation of sales, this section studies supply and consumption for the Usage-Based Insurance Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
  • Other analyses – Apart from the information, trade and distribution analysis for the Usage-Based Insurance (Market, contact information of major manufacturers, suppliers and key consumers are also given.

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Market Segmentation

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 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 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 Vehicle Type

  • Light-Duty Vehicle
  • Heavy-Duty Vehicle

Customization of the Report

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