Survey: Ongoing Impact Of COVID-19 On Usage Based Insurance Market | Competitive Outlook: Allianz, AXA, Vodafone Group, Progressive Insurance, Allstate, Desjardins, Generali, MAPFRE, Metromile, Aviva, Sierra Wireless

This wide-ranging usage-based insurance market research report acts as a backbone for the success of business in any niche. To get success in this competitive market place, businesses consider taking up innovative solutions and market research report is one of them. This usage-based insurance market drivers and restraints have been explained here using SWOT analysis. This usage-based insurance market analysis and insights covered in this usage-based insurance market research report offers key statistics on the market status of global and regional manufacturers and is an imperative source of guidance which provides exact direction to the companies and individuals interested in the industry.

The Asia-Pacific usage-based Market is expected to grow from USD XX Million in 2018 to USD XX Million by the end of 2026 at a Compound Annual Growth Rate (CAGR) of 20.6%.

Asia-Pacific, led by China, will drive the growth of usage-based insurance

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The key countries such as China, Japan, and India are greatly adopting IoT at a rapid pace that is propelling the adoption of IoT in the APAC automotive market as well. Rising pollution in the APAC countries, particularly in China, is a major concern. Thus, the governments of several countries are focusing on less CO2 emission as well as fuel-efficient solutions. 

The report comprises a detailed value chain analysis, which provides a comprehensive view of the usage-based insurance market. Porter's Five Forces model for the market has also been included to help understand the competitive landscape in the market. This usage-based insurance study encompasses market attractiveness analysis, wherein the service is benchmarked based on market size, growth rate, and general market share.

Rising competition among insurance companies to quote a competitive price and to effectively underwrite the insurance is driving the usage-based insurance market. Real-time tracking of the vehicle helps asses the risk more accurately and hence, insurance companies can determine indemnity and maintain actuarial reserve. Rising consumer interest in connected vehicles has fueled the adoption of usage-based insurance services.

company Landscape: usage-based insurance market

Allianz,
AXA,
Vodafone Group,
Progressive Insurance,
Allstate,
Desjardins,
Generali,
MAPFRE,
Metromile,
Aviva,
Sierra Wireless,
Admiral Group Plc,
Ageas Group,
Octo Telematics,
TomTom Telematics,
Liberty Mutual Insurance,
Cambridge Mobile Telematics,
Modus Group, and others

The insurance companies offering telematics insurance is constantly leveraging on various factors to enhance the solutions and deliver their customers with better schemes. One of the significant trends in the automotive UBI market is the increasing number of partnerships among telematics companies and insurance companies. 

Table Of Contents: usage-based insurance market

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology

3. Executive Summary
3.1. Market Outlook
3.2. Market Data Feed

4. Premium Insight
4.1. Market Connectivity
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porters Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Client Customizations

5. Global Usage-based Insurance Market, by Package Type
5.1. Overview
5.2. Market Sizing & Forecasting
5.3. Manage-How-You-Drive
5.4. Pay-As-You-Drive
5.5. Pay-How-You-Drive

6. Global Usage-based Insurance Market, by Technology
6.1. Overview
6.2. Market Sizing & Forecasting
6.3. Black Box
6.4. Embedded System
6.5. OBD-II
6.6. Smartphone ............... And Continue......

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Key Market Segmentation

On the basis of Package Type,

How-You-Drive,
Pay-As-You-Drive, and
Pay-How-You-Drive

On the basis of Technology

Black Box,
Embedded System,
OBD-II, and
Smartphone

vehicle type

light-duty vehicle (LDV),
heavy-duty vehicles (HDV)),

By device offering

Company provided,
bring your own device (BYOD)),

vehicle age

new vehicles,
on-road vehicles

By electric and hybrid vehicle

hybrid electric vehicle (HEV),
plug-in hybrid vehicle (PHEV),
battery electric vehicle (BEV))

Countries

Japan,
China,
South Korea,
India,
Singapore,
Thailand,
Malaysia,
Australia,
Indonesia and
Philippines

Scope and Report Coverage
The research presents a detailed understanding of the Usage-based Insurance market with actionable insights for decision-makers. It is structured to offer users to formulate key growth strategies based on current and future market conditions.

Market Introduction: Overview, Market Highlights
Market environment: Market drivers and constraints, five forces analysis, market trends
Market segmentation and growth prospects of each sub-segment, By 2026
Market Segmentation by Type, Application, and markets
Country Analysis: Across the world with current market value and future growth potential

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