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Usage Based Insurance (Ubi) Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
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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.
Global 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 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
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
Company Profiles
• Agero Inc
• Insurance Management Servicrs Co. LLC
• Insurethebox
• Liberty Mutual Insurance Group
• Masternaut Ltd
• Meta System S.p.A.
• MiX Telematics International (Pty) Ltd
• Nationwide Mutual Insurance Company
• Octo Group
• Progressive Corporation
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Company Name: Orion Market Research
About Orion Market Research
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