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2022 Usage-Based Insurance Global Market By Market Share, Growth Rate, Drivers, Industry Trends And Outlook
'Usage-Based Insurance Global Market Report 2022 -Market Size, Trends, And Global Forecast 2022-2026' 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 it, and highlights of the opportunities that companies in the industry can take on. The usage-based insurance market research report helps gain a truly global perspective of the usage-based insurance industry as it covers 60 geographies worldwide. 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 regions covered in the usage-based insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest usage-based insurance market share.
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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.
Key competitors in the usage-based insurance market include 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, and The Allstate Corporation.
The global usage based insurance market size is expected to grow from $43.31 billion in 2021 to $54.25 billion in 2022 at a compound annual growth rate (CAGR) of 25.3%. The global usage based insurance market size is then expected to grow to $132.02 billion in 2026 at a CAGR of 24.9%.
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TBRC's Report Segments The Global Usage-Based Insurance Market:
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)
Read Further On The Usage-Based Insurance Market Here:
https://www.thebusinessresearchcompany.com/report/usage-based-insurance-global-market-report
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
......
26. Africa Usage Based Insurance Market
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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