Press release
Usage-based Insurance (UBI) Market Will Generate Record Revenue by 2029
Moreover, the growing availability of real-time data collection from vehicles is replacing traditional data sets containing risk profiles based on claims history. The growth in automotive telematics, demand for connected car services, and mobile-based telematics will create immense opportunities for players in the usage-based insurance industry. For instance, 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.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Technology
By Vehicle Type
By Vehicle Age
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- UnipolSai Assicurazioni S.p.A., TomTom International BV, Progressive Corp., Mapfre, S.A., Liberty Mutual Insurance Company
Usage-based Insurance (UBI) Market Report Segment
By Type
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Others
By Technology
OBD II
Black Box
Smartphones
Others
By Vehicle Type
Light-duty Vehicle (LDV)
Heavy-duty Vehicle (HDV)
By Vehicle Age
New Vehicles
Used Vehicles
A full Report of Usage-based Insurance (UBI) Market is Available @ https://www.omrglobal.com/industry-reports/usage-based-insurance-market
Usage-based Insurance (UBI) Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Aioi Nissay Dowa Insurance UK Ltd.
Allianz SE
Allstate Insurance Co.
American International Group Inc.
Assicurazioni Generali S.p.A.
AVIVA Plc
AXA
Cambridge Mobile Telematics
Danlaw, Inc.
Desjardins Group
Insure The Box Ltd.
Intelligent Mechatronic Systems Inc.
Metromile Inc.
Nationwide Mutual Insurance Co.
Octo Technology
Progressive Casualty Insurance Co.
Sierra Wireless
State Farm Automobile Mutual Insurance Co.
UnipolSai Assicurazioni S.p.A.
Verizon Communication Inc.
Vodafone Automotive SpA
Zubie, Inc.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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