Connected Cars in Insurance Market Report- Growth Opportunities,Top Companies, Regional Forecast | Size and growth forecasts

The Connected Cars in Insurance Market research report provides a competitive assessment of the market and market strategies, products, certification, and regulations. In addition, the Connected Cars in Insurance Market research report analyzes the market definition, key development areas, and research methodology. Lastly, the Connected Cars in Insurance Market research report provides a conclusion over the market scenario that will help stakeholders understand the market situation precisely.

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RNR forecasts that the connected car market will be worth $58.5bn by 2030, up from its $27.2bn evaluation in 2020 at a compound annual growth rate (CAGR) of 7.9%. A great proportion of the connected car market growth will not only be due to year-on-year expansion of connected vehicles on roads, but also due to the utilization of telematics technology. The expansion of the connected car market flags the potential for insurers to integrate personalized aspects to how motor insurance premiums are priced by utilizing vehicle data. Connected cars will lay the groundwork for insurers to access millions of data points generated by a vehicle's ability to engage with other devices through the Internet of Things. Connected cars will assist insurers in developing increasingly accurate pricing strategies for customers.

Connected Cars in Insurance Market Report provides an in-depth analysis of the connected cars in insurance theme. It provides a thorough overview of the space, covering market size and claims, contextual and economic factors, regulations, and opportunities. The report also explores how the development of connected cars will impact the insurance value chain.

Scope of this Report-
- As connected cars have automatic data-generating capabilities, vehicle manufacturers will play an increased role in the distribution of motor insurance. Insurers will strike partnerships with manufacturers in order to ensure they have access to consumers’ driving data.
- While there are insurers and insurtechs that are pushing efforts to create more personalized products in private motor, insurtechs are the ones that have adapted telematics to create usage-based insurance services to price premiums. Meanwhile, insurers have utilized telematics to mitigate aspects of risks related to claims and reward customers for “good” driving behavior.
- Insurers that do not gain experience in connected vehicle data risk falling behind their rivals. Connected vehicles produce a massive amount of data, and insurers must build their capabilities and capacity to manage it.

Reasons to Buy this Report-
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
- Be prepared for how regulation will impact the use of connected cars in insurance over the next few years.

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Table of Contents in this Report-
Executive summary
Players
Thematic briefing
Connected cars
Infotainment
Telematics
Vehicle to everything (V2X)
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry analysis
Market size and growth forecasts
Connected cars will become the norm
Autonomous vehicles are paving the way for the expansion of connected cars
Telematics capabilities are the key component in connected cars
The impact of connected cars on the UK insurance market
In-car technology
Telematics and UBI
Factors limiting uptake of telematics policies
Connected cars will lead to an increase in motor premiums
The UK market foreshadows GWP complications
Competition within the motor insurance market will increase
Uptake of connected vehicle technology highlights the different levels of autonomous vehicles
Cyber insurance
Mergers and acquisitions
Strategic partnerships
Timeline
Value chain
Product development
Marketing and distribution
Underwriting and risk profiling
Claims management
Customer service
Companies
Public companies
Private companies
Sector scorecards
Insurance sector scorecard
Who’s who
Thematic screen
Valuation screen
Glossary
Further reading
GlobalData reports
Our thematic research methodology

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