Usage-Based Insurance Market by Top Key Players - Allstate Corporation, Progressive Corporation, Insure The Box Ltd., Vodafone , Sierra Wireless , Allstate , Verizon , Octo Telematics

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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The Usage-Based Insurance Market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, and product type and distribution channels.

By Market Players: Allstate Corporation, Progressive Corporation, Insure The Box Ltd., Vodafone , Sierra Wireless , Allstate , Verizon , Octo Telematics, Liberty Mutual, TomTom , AXA , Allianz

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.

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.

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.

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Table of Content
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

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