Press release
Usage-Based Insurance Market is Projected to Hit $149.2 billion by 2027, at a CAGR of 25.1 | Allianz SE, Allstate Corp, Aviva, AXA, Insurethebox, Liberty Mutual Insurance, Mapfre S.A., Nationwide Mutual Insurance Company, Progressive Corp nd UNIPOLSAI ASS
The report titled, “Usage-Based Insurance Market by Policy Type [Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD)], Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs), Vehicle Age (New Vehicles and Used Vehicles), Vehicle Type (Light-Duty Vehicle (LDV) and Heavy-Duty Vehicle (HDV)): Global Opportunity Analysis and Industry Forecast, 2020–2027,” published by Allied Market Research, says that Usage-Based Insurance Market is expected to grow sustainably by 2027.The report offers an extensive market analysis focusing on key growth drivers, key market players, stakeholders, and forecast of revenue based on past data. This helps the existing as well as potential market players in framing long term profitable strategies.
COVID-19 SCENARIO:
The Usage-Based Insurance Market has been adversely affected by the pandemic, globally. Following the government’s and WHO’s guidelines to maintain the social distance, the companies has put production activities on a halt, which has impacted the employment rate directly and demand ultimately.
The sample report by AMR provides an overview of areas analyzed under the market. The interested parties can request for sample report at: https://www.alliedmarketresearch.com/request-sample/1742
NEED FOR THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the Usage-Based Insurance Market to understand the market deeply, which will help them in taking sound decisions to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
KEY SEGMENTATION:
Segregating the large problem into smaller parts makes it easy to solve even the complex problems. Similarly, to analyze the Usage-Based Insurance Market effectively and efficiently, the market has been segmented into, type, applications, and region. The related graphs and data tables have made the analysis much impactful and easily understandable. The interested parties can surely rip the benefits of the report on the Usage-Based Insurance Market.
To enquire about the purchase of the report, click on: https://www.alliedmarketresearch.com/purchase-enquiry/1742
KEY MARKET PLAYERS:
The report offers a competitive analysis in the report, in which, the performance of the competitors in past, the revenue, and strategies framed are analyzed in detail. The key market players in Usage-Based Insurance Market are Allianz SE, Allstate Corporation, Aviva, AXA, Insurethebox, Liberty Mutual Insurance, Mapfre S.A., Nationwide Mutual Insurance Company, Progressive Corporation and UNIPOLSAI ASSICURAZIONI S.P.A.
The competitors’ analysis will be helpful for new entrants to frame the profitable strategies that will help them gain the market share and achieve the objective of wealth maximization.
KEY BENEFITS FOR STAKEHOLDERS
• This study includes the market analysis, trends, and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and market opportunity.
• The market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
Key Market Segments
By Type
• Pay-as-you-drive (PAYD)
• Pay-how-you-drive (PHYD)
• Manage-how-you-drive (MHYD)
By Technology
• OBD-II-based UBI programs
• Smartphone-based UBI programs
• Hybrid-based UBI programs
• Black-box-based UBI programs
By Vehicle Age
• New Vehicles
• Used Vehicles
By Vehicle Type
• Light-Duty Vehicle (LDV)
• Heavy-Duty Vehicle (HDV)
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Belgium
o Rest of Europe
• Asia-Pacific
o China
o Japan
o Australia
o Singapore
o Thailand
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Report Summary:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: USAGE BASED INSURANCE MARKET BY POLICY TYPE
CHAPTER 5: USAGE BASED INSURANCE MARKET BY TECHNOLOGY
CHAPTER 6: USAGE BASED INSURANCE MARKET BY VEHICLE AGE
CHAPTER 7: USAGE BASED INSURANCE MARKET BY VEHICLE TYPE
Read More at https://www.whatech.com/markets-research/financial-services/676297-usage-based-insurance-market-to-reach-149-22-billion-by-2027-according-to-a-new-research-report
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ABOUT US
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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