Usage-Based Insurance Market: Investment Opportunities, Risk, Challenges and ROI | Major Players include in the Report- Allianz SE, Allstate Corporation, Aviva, AXA, Insurethebox, Liberty Mutual Insurance, Mapfre S.A., Nationwide Mutual Insurance Company

Increase in economic strength of the developing nations such as China and India is expected to provide lucrative opportunities for the market growth. North America occupied a major share in the auto insurance market in 2019, owing to the presence of major market players.

Allied Market Research published a new 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."

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The research offers an extensive analysis of key players active in the global Usage-Based Insurance Market. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research.

The major companies profiled in the Usage-Based Insurance Market include 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.

These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

Key Benefits from Usage-Based Insurance Market Report 2021-2027:

 The report provides a qualitative and quantitative analysis of the current Usage-Based Insurance Market trends, forecasts, and market size from 2021 to 2027 to determine new opportunities.

 Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.

 Top impacting factors & major investment pockets are highlighted in the research.

 The major countries in each region are analyzed and their revenue contribution is mentioned.

The market player positioning segment provides an understanding of the current position of the market players active in the Usage-Based Insurance Market.

The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

COVID-19 Pandemic disrupted the entire world and affected many industries.

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The report offers key drivers that propel the growth in the global Usage-Based Insurance Market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

The research offers a detailed segmentation of the global Usage-Based Insurance Market. Key segments analyzed in the research include type, applications, and geography. Extensive analysis of sales, revenue, growth rate, and market share of each segment for the historic period and the forecast period is offered with the help of tables.

The Usage-Based Insurance Market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

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Key offerings of the report:

 Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.

 Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.

 Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.

 Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.

 Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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

Read More at https://www.globenewswire.com/news-release/2020/11/02/2118590/0/en/Global-Usage-Based-Insurance-Market-to-Reach-149-22-Billion-by-2027-at-25-1-CAGR.html

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