Usage Based Insurance Market Strategic Assessment | Competitive Outlook: Allianz, AXA, Aviva, Sierra Wireless, Vodafone Group, Progressive Insurance, Allstate, Desjardins, Generali, MAPFRE, Metromile

CHICAGO, April 27, 2020 -- Data Bridge Market Research has recently added concise research on the "Usage-based insurance (UBI) Market" to depict valuable insights related to significant market trends driving the industry with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. This usage based insurance market report is the result of incessant efforts lead by knowledgeable forecasters, innovative analysts, and brilliant researchers who indulge in detailed and diligent research on different markets, trends, and emerging opportunities in the successive direction for the business needs. While preparing market research reports, customer satisfaction is kept on the utmost priority which makes clients rely on us confidently. These days, businesses are greatly relying on the different segments covered in this usage based insurance market research report which presents them with better insights to drive the business in the right direction.

The North America usage based insurance (UBI) market accounted for US$ XX Bn in 2019 and is expected to grow at a CAGR of 19.3% over the forecast period By 2026

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Company Landscape: Usage-Based Insurance (UBI) 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

Rising competition among insurance companies to quote a competitive price and to effectively underwrite the insurance is driving the usage-based insurance market. The robust vendor analysis is designed to help clients improve their market position, and in line with this

The UBI market is fragmented in nature due to the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the automotive UBI market further.

North America is estimated to pilot the usage-based insurance market throughout the forecast period. The attributes responsible for the growth rate are the highest adoption rate of usage-based insurance for new and on-road vehicles equipped with technologies such as telematics.

The Increase in Acceptance of Mobility-as-a-Service (MaaS) is the key driver that is propelling the growth of the automotive UBI market. Moreover, the increase in collaborations among telematics companies and insurance companies is expected to boost the automotive UBI market growth in the forecast period.

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Technologies Covered:

Embedded System
Black Box
Smartphone
On-Board Diagnostics (OBD) -II
Other Technologies

Package Types Covered:

Manage-How-You-Drive (MHYD)
Pay-How-You-Drive (PHYD)
Pay-As-You-Drive (PAYD)

Device Offerings Covered:

Company Provided
Bring Your Own Device (BYOD)

Vehicle Ages Covered:

On-Road Vehicles
New Vehicles

Vehicle Types Covered:

Heavy-Duty Vehicles (HDV)
Light-Duty Vehicle (LDV)

Electric and Hybrid Vehicle:

Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Vehicle (PHEV)
Battery Electric Vehicle (BEV)

Applications Covered:

App Based Usage-Based Insurance

By Country

U.S.,
Canada,
Mexico

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