North America Usage-Based Insurance Market 2019 | Global Industry Research Report till 2026 | Intelligent Mechatronic Systems TrueMotion, Cambridge Mobile Telematics, Insure The Box Limited, Progressive Casualty Insurance Company, Modus Group

North America 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), Vehicle age (new vehicles, on-road vehicles), Electric and hybrid vehicle (hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV)), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2026

North America usage based insurance market is growing with healthy CAGR of 19.3% in the forecast period of 2019 to 2026.

As name suggested usage based insurance is calculated by how corresponding vehicle is driven. In other words, usage based insurance is a kind of auto-insurance which totally depends on vehicle used, measured against time, distance, behaviour, place and others. These all usages can be measure using telematics technology; the technology is available in from of mobile application, pre-installed in the car’s network or it can be installed in USB port of the vehicle. Usage based insurance and telematics technology has wide range of benefits such as reverse gear indication, tracking of speeding, seat belt use, harsh braking, acceleration control, driver coaching by voice and others. These all benefits have potential to reduce road accidents.

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Companies Profiled in this report includes, 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., and UNIPOLSAI ASSICURAZIONI S.P.A.

The North America Usage-Based Insurance market is expected to grow in the upcoming2026 year. Different risks are considered, that helps to evaluate the complexity in the framework. Progress rate of global industries is mentioned to give a clear picture of business approaches. Various factors, which are responsible for the growth of the market.

Segmentation: North America Usage Based Insurance Market

North America usage-based insurance market is segmented into six notable segments which are package type, vehicle type, device offering, technology, vehicle age, and electric & hybrid vehicle.

• 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 at the CAGR of 19.6% 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 19.8% 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 at the CAGR of 18.7% 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 20.2% 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 19.8% 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 20.1% in the forecast period of 2019 to 2026.

Recent developments:

• In September 2018, Allstate launched a product for life insurance which will pay on monthly basis rather than lump sum amount. This is consumer driven product which will help the company to cover more market share and to aware the people about life insurance.

• In October 2018, The Floow launches FlowFleet for the insurer who deals in commercial line. This helped the insurance company to better manage the risk and to provide the optimal premium price to their customer in the high premium rising market.

• In June 2018, Allstate launched pay per mile i.e. usage based insurance in New Jersey. This insurance gives more control to customer about their insurance premium and plans for using telematics services for better management in their insurance segment.

• In March 2018, Octo Telematics entered into partnership with Renault finance company to provide data analytics and services to its customer globally. This will increase the global market share of the company.

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The report gives most significant details of the Global North America Usage-Based Insurance Market with the help of a thorough and specialized analysis. Defined in a ground-up manner, the report presents an extensive overview of the market based on the factors that are anticipated to have a considerable and measurable impact on the market’s developmental situations over the forecast period.

What the research report offers:

• Market definition of the global North America Usage-Based Insurance market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
• Extensive research on the competitive landscape of global North America Usage-Based Insurance – market.
• Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
• A comprehensive list of key market players operating in the global North America Usage-Based Insurance
• Analysis of the different market segments such as type, size, applications, and end-users.
• It offers a descriptive analysis of demand-supply chaining in the global North America Usage-Based Insurance
• Statistical analysis of some significant economics facts
• Figures, charts, graphs, pictures to describe the market clearly.

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Table of Content:

Global North America Usage-Based Insurance Market Research Report 2019-2026
Chapter 1: Industry Overview
Chapter 2: North America Usage-Based Insurance Market International Market Analysis
Chapter 3: Environment Analysis of Market.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of North America Usage-Based Insurance Market Revenue Market Status.
Chapter 7: Analysis of Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis of Market.
Continue To TOC…..

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