Automotive UBI (Usage-based Insurance) Market 2021 Competitive Insights and Outlook- Allianz, AXA, Progressive, Generali Group, Insure The Box Ltd, Allstate

Automotive UBI (Usage-based Insurance) Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

Estimated at USD 19.6 billion in 2021, the usage-based insurance market size is projected to reach USD 66.8 billion by 2026, growing at a CAGR of 27.7% during the forecast period. 

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The 200+ pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automotive UBI (Usage-based Insurance) Market: Allianz, AXA, Progressive, Generali Group, Insure The Box Ltd, Allstate, Desjardins, Metromile, Liberty Mutual, Aviva, Admiral Group, Ageas and others.

Industry News:

In June 2019, UnipolSai launched Real-Time adjustment, a process that allows the insured to receive a proposal from the adjuster within 24 hours of the claim, on the condition that there were no casualties. The process helps ease the use of the black box.

In December 2020, Progressive Corporation now offers Snapshot ProView, a voluntary UBI and fleet management program for small business owners. Snapshot ProView joins Smart Haul®, Progressive's industry UBI program for commercial truck drivers, which uses Electronic Logging Device (ELD) data to provide safe driving discounts.  Snapshot ProView is for all other Commercial Auto customers not required by federal law to have an ELD.

In February 2021, the Progressive Corporation and Protective Insurance Corporation announced that they have entered into a definitive agreement under which Progressive has agreed to acquire all of the outstanding Class A and Class B common shares of Protective Insurance Corporation.

In October 2020, Liberty Mutual Insurance announced it has been selected by Lyft to provide coverage for drivers using its rideshare platforms throughout Arizona, Michigan, New Mexico, Texas and Utah, effective today. Under the program, Liberty Mutual provides specific coverages in five states from the time a driver has their Lyft app on to app off.

Market Segmented by Types:

Compact Car

Mid-size Car

Full-size Car

SUV/Crossover

Other

Market Segmented by Applications:

Odometer Data Based

GPS data based

Others

Regional Analysis:

– North America (United States, Canada, Mexico)

–Europe (Germany, UK, France, Italy, Spain, Russia)

–Asia-Pacific (China, Japan, South Korea, Australia, India)

–South America (Brazil, Argentina, Columbia)

–The Middle East and Africa (UAE, Egypt, South Africa)

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-Comprehensive assessment of all opportunities and risk in the Automotive UBI (Usage-based Insurance) market.

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-In-depth understanding of Automotive UBI (Usage-based Insurance) market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Automotive UBI (Usage-based Insurance) market.

Browse full report including (TOC, Company profiles, Types & Applications etc.) @:

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

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