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Usage Based Insurance Market To Witness Astonishing Growth with Vodafone, TomTom, Allianz, Liberty Mutual Insurance, Verizon, Sierra Wireless, Mapfre, UnipolSai Assicurazioni Spa

04-17-2020 05:57 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: databridgemarketresearch

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 (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) - Industry Trends and Forecast to 2026.

Get Full PDF Sample Copy of Report (Including Full TOC, List of Tables & Figures, Chart) at https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-usage-based-insurance-market

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.

Competitive Analysis: Global Usage Based Insurance Market

Some of the prominent participants operating in this market are 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.

Segmentation: 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))

By vehicle type (light-duty vehicle (LDV), heavy-duty vehicles (HDV)), Device offering (company provided, bring your own device (BYOD))

By 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))

By Geography (North America, Europe, Asia Pacific, South America, Middle East And Africa) - Industry Trends and Forecast to 2026.

Recent developments:

o 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.
o 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.
o 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.
o 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.

Table of Content: Global Usage Based Insurance Market :-

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Usage Based Insurance Market Landscape

Part 04: Global Usage Based Insurance Market Sizing

Part 05: Global Usage Based Insurance Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Continue....

Table Of Contents Is Available Here@https://www.databridgemarketresearch.com/toc/?dbmr=global-usage-based-insurance-market

Reasons to Purchase this Usage Based Insurance Market Report:

Current and future of global Usage Based Insurance market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

To Get This Report at an Attractive Cost, Click @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-usage-based-insurance-market

Key Questions Answered

Who are the Leading key players and what are their Key Business plans in the Global Usage Based Insurance market?
What are the key concerns of the five forces analysis of the Global Usage Based Insurance market?
What are different prospects and threats faced by the dealers in the Global Usage Based Insurance market?
What are the strengths and weaknesses of the key vendors?

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Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.

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