Press release
Usage-Based Insurance Market by Top Manufacturers – Allstate Corporation, Progressive Corporation, Insure The Box Ltd., Vodafone, Sierra Wireless, Allstate, Verizon, Octo Telematics, Liberty Mutual, TomTom, AXA, Allianz
Usage-Based Insurance Market
Industry Outlook
The usage-based insurance (UBI) otherwise called as the pay as you drive (PAYD) or the pay how you drive (PHYD) and the mile-based auto protection is the sort of vehicle protection whereby the expenses are dependent on vehicle utilized, estimated against distance, place, conduct and time.
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This varies from the customary insurance that endeavors to separate and reward the "safe" drivers, providing them less premiums as well as a no-claims reward. Therefore, the Usage-based Insurance Market is anticipated to expand and has tremendous scope during the forecast period. The global Usage-based Insurance Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Market Segmentation
By Type the market is segmented into Manage-How-You-Drive (MHYD), Pay-How-You-Drive (PHYD) and Pay-As-You-Drive (PAYD). The Manage-How-You-Drive (MHYD) section is leading the market due to rising sales of vehicles that are facilitated with the connected car services & telematics unit.
By Technology the market is segmented into Black Box, OBD-II, Embedded System, Smartphone and Other Technologies. The Embedded System section is leading the market due to more accuracy offered for capturing the data of vehicle and other factors.
By Device Offering the market is segmented into Company Provided and Bring Your Own Device (BYOD). The Bring Your Own Device (BYOD) section is leading the market due to more flexibility that is offered to the user for selection of device and cost-effectiveness.
Regional Insights
The North American region is seen to lead the global Usage-based Insurance Market owing to increasing utilization of the these insurance, increasing sales of the premium D and other factors.
Top Manufacturers: Allstate Corporation, Progressive Corporation, Insure The Box Ltd., Vodafone, Sierra Wireless, Allstate, Verizon, Octo Telematics, Liberty Mutual, TomTom, AXA, Allianz
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Table of Contents:
1. Introduction
1.1. Report Description
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. SWOT Analysis
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market Status and Outlook (2014-2025)
4.1.2. Canada Market Status and Outlook (2014-2025)
4.1.3. Mexico Market Status and Outlook (2014-2025)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market Status and Outlook (2014-2025)
4.2.2. France Market Status and Outlook (2014-2025)
4.2.3. UK Market Status and Outlook (2014-2025)
4.2.4. Russia Market Status and Outlook (2014-2025)
4.2.5. Italy Market Status and Outlook (2014-2025)
4.2.6. Rest of Europe Market Status and Outlook (2014-2025)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market Status and Outlook (2014-2025)
4.3.2. Japan Market Status and Outlook (2014-2025)
4.3.3. Korea Market Status and Outlook (2014-2025)
4.3.4. India Market Status and Outlook (2014-2025)
4.3.5. Southeast Asia Market Status and Outlook (2014-2025)
4.3.6. Rest of Asia-Pacific Market Status and Outlook (2014-2025)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market Status and Outlook (2014-2025)
4.4.2. Argentina Market Status and Outlook (2014-2025)
4.4.3. Columbia Market Status and Outlook (2014-2025)
4.4.4. Rest of South America Market Status and Outlook (2014-2025)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market Status and Outlook (2014-2025)
4.5.2. United Arab Emirates Market Status and Outlook (2014-2025)
4.5.3. Egypt Market Status and Outlook (2014-2025)
4.5.4. Nigeria Market Status and Outlook (2014-2025)
4.5.5. South Africa Market Status and Outlook (2014-2025)
4.5.6. Turkey Market Status and Outlook (2014-2025)
4.5.7. Rest of Middle East and Africa Market Status and Outlook (2014-2025)
5. Usage-based Insurance Market, By Type
5.1. Introduction
5.2. Global Usage-based Insurance Revenue and Market Share by Type (2014-2018)
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