Press release
Usage Based Insurance Market 2019: Intelligent Mechatronic Systems Inc., TrueMotion, Cambridge Mobile Telematics, Insure The Box Limited, Progressive Casualty Insurance Company, Modus Group LLC
Usage Based Insurance Market 2019
Market Segmentation
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), 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 (North America, Europe, Asia Pacific, South America, Middle East And Africa)
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Key Market Players
The key market players for global usage based insurance market are listed below:
• Intelligent Mechatronic Systems Inc.
• TrueMotion
• Cambridge Mobile Telematics
• Insure The Box Limited
• Progressive Casualty Insurance Company
• Modus Group LLC
• Inseego Corp
• Metromile Inc.
• The Floow Limited
• Vodafone
• Allstate Insurance Company
• Octo Group
• TomTom International
• Allianz
• AXA Equitable Life Insurance Company
• Liberty Mutual Insurance
• Verizon, Sierra Wireless
• Mapfre, Movitrack Viasat, Inc.
• ASSICURAZIONI GENERALI S.P.A.
• UNIPOLSAI ASSICURAZIONI S.P.A.
Major growing sectors under the market segmentation are as follows:
• On the basis of package type the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), market is growing with the highest CAGR of 19.3% in the forecast period of 2019-2026.
• On the basis of vehicle type the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV). In 2018, light-duty vehicle (LDV) market is growing with the highest CAGR of 19.6% in the forecast period of 2019 to 2026.
• On the basis of device offering the market is segmented into company provided and bring your own device (BYOD). The company provided market is growing with the highest CAGR of 18.5% in the forecast period of 2019-2026.
• On the basis of technology the market is segmented into OBD-II, smartphone, embedded system, black box and others. In 2018, embedded system market is growing with the highest CAGR of 19.7% in the forecast period of 2019 to 2026.
• On the basis of vehicle age the market is segmented into new vehicles and on-road vehicles. In 2018, on-road vehicles market is growing with the highest CAGR of 19.5% in the forecast period of 2019 to 2026.
• On the basis of electric and hybrid vehicle the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV).In 2018 Battery Electric Vehicle (BEV) market is growing with the highest CAGR of 19.8% in the forecast period of 2019 to 2026.
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Table of Content
1 INTRODUCTION 23
2 MARKET SEGMENTATION 27
3 MARKET OVERVIEW 39
4 EXECUTIVE SUMMARY 45
5 PREMIUM INSIGHTS 48
6 GLOBAL USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE 53
7 GLOBAL USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE 57
8 GLOBAL USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING 60
9 GLOBAL USAGE- BASED INSURANCE MARKET, BY TECHNOLOGY 64
10 GLOBAL USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE 69
11 GLOBAL USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE 72
12 GLOBAL USAGE-BASED INSURANCE MARKET, BY GEOGRAPHY 76
13 GLOBAL USAGE-BASED INSURANCE MARKET, COMPANY LANDSCAPE 172
14 COMPANY PROFILES 176
14.1 INTELLIGENT MECHATRONIC SYSTEMS INC. 176
14.1.1 COMPANY SNAPSHOT 176
14.1.2 GEOGRAPHICAL PRESENCE 176
14.1.3 SERVICE PORTFOLIO 177
14.1.4 RECENT DEVELOPMENT 177
14.2 TRUEMOTION 178
14.2.1 COMPANY SNAPSHOT 178
14.2.2 SERVICE PORTFOLIO 178
14.2.3 RECENT DEVELOPMENT 178
14.3 CAMBRIDGE MOBILE TELEMATICS 179
14.3.1 COMPANY SNAPSHOT 179
14.3.2 SERVICE PORTFOLIO 179
14.3.3 RECENT DEVELOPMENTS 179
14.4 INSURE THE BOX LIMITED 180
14.4.1 COMPANY SNAPSHOT 180
14.4.2 SERVICE PORTFOLIO 180
14.4.3 RECENT DEVELOPMENTS 180
14.5 PROGRESSIVE CASUALTY INSURANCE COMPANY 181
14.5.1 COMPANY SNAPSHOT 181
14.5.2 REVENUE ANALYSIS 181
14.5.3 SERVICE PORTFOLIO 182
14.5.4 RECENT DEVELOPMENT 182
14.6 MODUS GROUP, LLC. 183
14.6.1 COMPANY SNAPSHOT 183
14.6.2 SERVICE PORTFOLIO 183
14.6.3 RECENT DEVELOPMENT 183
...Continued
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