Global Usage-Based Insurance Market Overview, Size, Growth, Competitive Breakdown And Regional Forecast To 2026

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%.

The Business Research Company offers the Usage-Based Insurance Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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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.

Some key usage based insurance market players 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, and The Allstate Corporation.

The countries covered in the global usage based insurance market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

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

Usage based insurance Market Segmentation:
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)

See more on the report at https://www.thebusinessresearchcompany.com/report/usage-based-insurance-global-market-report

The Report's 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

This report covers the trends and market dynamics of the usage based insurance market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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