Usage-based Insurance Market Trends, Analysis & Forecast,2027

1
Usage-based Insurance Market Global Analysis,
Industry Demand and Forecast to 2027
2
Industry Insights

• Growth of usage-based insurance market is majorly
  attributed to the enormous expansion of
  automobile industry and increasing proclivity of
  consumers toward highly efficient smart vehicles.
  Moreover, widespread deployment of in-car
  technologies is also attracting more customers to
  UBI as they are showing willingness towards
  sharing their driving information for
  personalized insurance quotes.
• Usage-based insurance (UBI), which is a type of
  auto insurance that measures how far a vehicle is
  driven, how it is driven and where it is driven,
  is gaining a wide prominence across the globe.
  Usage based insurance products are mostly powered
  by telematics and can also be available through
  mobile applications and offers data to insurers
  from how drivers are accelerating and braking the
  vehicle speeds to where they are driving and for
  how long.

3

• With increasing adoption, Usage-based Insurance
  market is projected to exhibit tremendous growth
  by recording a substantial valuation of more than
  USD 125 billion by 2027
• Get sample copy of this research report _at_
  https//www.gminsights.com/request-sample/detail/3
  020
• Apart from these factors, ongoing product
  developments in both developed and developing
  countries is also opening new growth
  opportunities for the business. To illustrate, in
  2020, popular cloud native insurer, Edelweiss
  General Insurance rolled out Edelweiss SWITCH, a
  novel app-based Motor OD floater policy.
• Speaking on technology, emergence of smartphone
  has made UBI services highly accessible and
  affordable to consumers. Increasing adoption of
  smartphone-based telematics applications that
  provide numerous vehicle parameters like driving
  behavior and fuel consumption, is positively
  influencing the industry landscape.

4

Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/usage-based-insurance-ubi-market Chapter
6 Usage-based Insurance (UBI) Market, By
Technology 6.1 Key trends, by technology 6.2
OBD-II 6.2.1 OBD-II market estimates and
forecast, 2016- 2027 6.3 Smartphone 6.3.1
Smartphone market estimates and forecast, 2016-
2027
5
6.4 Black Box 6.4.1 Black Box market
estimates and forecast, 2016- 2027 6.5
Embedded telematics 6.5.1 Embedded telematics
market estimates and forecast, 2016-
2027 Chapter 7 Usage-based Insurance (UBI)
Market, By Vehicle Type 7.1 Key trends, by
vehicle type 7.2 Passenger vehicle 7.2.1
Market estimates and forecast, 2016- 2027 7.2.2
Market estimates forecast, by technology,
2016- 2027

6
Region

• Elaborating on the regional outlook, usage-based
  insurance market is witnessing significant
  expansion in Europe on account of stringent
  regulatory scenario regarding the usage of fuels
  and OBD requirements mandated by the European
  Commission.
• In addition, strong presence of various
  automobile companies and their growing brand
  value and sales is also complementing the
  business expansion. According to the report,
  Europe Usage-based Insurance market is projected
  to observe an appreciable CAGR of over 20
  through 2027.

7
Key Players

• Allianz SE
• Allstate Insurance Company
• ASSICURAZIONI GENERALI S.P.A.
• AVIVA Plc
• AXA
• Cambridge Mobile Telematics

8
Stay In Touch Social Media