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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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Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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Company Name: Orion Market Research
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 offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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