Usage-Based Insurance Market 2021-2030: Industry Analysis, Market Trends, Growth, Opportunities, And Forecast

‘Usage-Based Insurance Global Market Report 2021 – COVID-19 Implications And Growth’ by The Business Research Company is the most comprehensive report available on this market, with analysis of the market’s historic and forecast growth, drivers and restraints causing this, and highlights of the opportunities that companies in the industry can take on. The market research report helps gain a truly global perspective of the usage-based insurance industry as it covers 60 geographies. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.

The countries covered in the global usage-based insurance market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The regions covered in the global usage-based insurance market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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The usage-based insurance (UBI) market consists of sales of usage-based insurance services by entities (organizations, sole traders, and partnerships) that provide auto insurance services by placing monitoring devices in the vehicle. UBI is frequently powered by telematics technology, which is accessible in vehicles via a plug-in device or is pre-installed in the car system, and that can also be accessed via mobile apps and delivers insurers with a variety of data, including how far vehicle is driven, how it is driven, and where it is driven.

The global usage-based insurance (UBI) market is expected to grow from $34.53 billion in 2020 to $43.31 billion in 2021 at a compound annual growth rate (CAGR) of 25.4%. The change in growth trend can be attributed to the growing demand from the end-user industry. The UBI market is expected to reach $104.79 billion in 2025 at a CAGR of 24.7%.

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Global usage-based insurance market segmentation in TBRC’s report is:
1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)
2) By Technology: OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, Black-Box-Based UBI Programs
3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)

Major players in the usage-based insurance market are Allianz SE, Assicurazioni Generali S.p.A., Aviva plc, Insure The Box Limited, Liberty Mutual Group, Mapfre S.A., Metromile Inc., Nationwide Mutual Insurance Company, Progressive Casualty Insurance Company, The Allstate Corporation, Cambridge Mobile Telematics, Esurance Insurance Services Inc., Modus Group LLC, Octo Group, Safeco Insurance, State Farm Automobile Mutual Insurance Company, and TrueMotion Inc.

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The Table of Contents includes:
1. Executive Summary
2. Usage Based Insurance Market Characteristics
3. Usage Based Insurance Market Trends And Strategies
4. Impact Of COVID-19 On Usage Based Insurance
5. Usage Based Insurance Market Size And Growth
.....
27. Usage Based Insurance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Usage Based Insurance Market
29. Usage Based Insurance Market Future Outlook and Potential Analysis
30. Appendix

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