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Asia-Pacific Usage-Based Insurance Market : Top Players are TomTom International, Octo Group S.p.A, SIERRA WIRELESS, and VODAFONE LIMITED
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The growth in adoption of IoT-enabled telematics auto insurance has enabled insurers to collect a wealth of behavioral data on each driver. This data can be used to process risk-related information on an individual level over time, allowing insurers to customize their offerings based on a driver's actual behavior on the road.
By leveraging IoT solutions for usage-based insurance (UBI), insurers can gain even deeper insights into their customers' driving habits, such as the distance they travel, their speed, and how often they brake hard or accelerate rapidly. This information can help insurers to improve their product offerings and generate targeted marketing campaigns, as well as potentially reward safe driving behaviors with lower premiums or other incentives.
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Overall, IoT-enabled telematics auto insurance and UBI solutions have the potential to revolutionize the insurance industry, allowing insurers to more accurately price their products, improve customer satisfaction, and better manage risk.
Top Impacting Factors
- Growth In Adoption Of Usage-based Insurance Among End Users
- Higher Possibility Of Vehicles Being Recovered, When Stolen Or Low On Fuel
Key Benefits For Stakeholders
The study provides an in-depth analysis of the Asia-Pacific usage-based insurance market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on Asia-Pacific usage-based insurance market trends is provided in the report.
Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the Asia-Pacific usage-based insurance market from 2021 to 2030 is provided to determine the market potential.
Asia-Pacific Usage-Based Insurance Market Report Highlights
Aspects Details
By Type
Pay-as-you-drive
Pay-how-you-drive
Manage-how-you-drive
By Technology
OBD-II-based UBI programs
Smartphone-based UBI programs
Hybrid-based UBI programs
Black-box-based UBI programs
By Vehicle Age
New Vehicles
Used Vehicles
By Vehicle Type
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
By Country
Asia-Pacific
China
Japan
Australia
Singapore
Thailand
Rest of Asia-Pacific
By Key Market Players
ASSICURAZIONI GENERALI S.P.A
Allianz SE
Aviva
AXA
Liberty Mutual Insurance
Mapfre S.A.
TomTom International
Octo Group S.p.A
SIERRA WIRELESS
VODAFONE LIMITED
Connect Analyst :
https://www.alliedmarketresearch.com/connect-to-analyst/16258
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https://www.alliedmarketresearch.com/europe-gadget-insurance-market-A47276
Reinsurance Market
https://www.alliedmarketresearch.com/reinsurance-market-A06288
Insurance Telematics Market
https://www.alliedmarketresearch.com/insurance-telematics-market-A12744
Insurtech Market : https://www.alliedmarketresearch.com/insurtech-market-A12373
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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