Increasing Vehicle Sales drives usage-based insurance market.

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usage-based insurance market for ICE Electric
Vehicle by Package (PAYD, PHYD, MHYD), Technology
(OBD-II, Smartphone, Embedded System, Black Box),
Vehicle Age (New, On-Road), Device Offering
(BYOD, Company Provided), and Region - Global
Forecast to 2025.
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The automotive usage based insurance industry has
evolved along with the automotive industry. The
demand for market of automotive insurance is
largely influenced by increasing vehicle sales
with telematics and connected car services,
reduction in insurance as compared to the
traditional insurance, and increasing vehicle
sales and parc. Download our free PDF Brochure
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Increasing vehicle with telematics and connected
car services to drive the global usage-based
insurance for automotive demand close to USD 96
billion by 2025 The insurance for automotive is a
method to calculate the insurance premium. The
amount of insurance premium is decided on the
basis of a driving score which is calculated by
considering factors such as vehicle usage,
location, speeding, braking, cornering, night
driving, and distracted driving. Based on the
driving score, automotive insurance providers
offer a discount on the insurance
premium. Furthermore, ongoing new product
developments and partnerships by leading
companies are likely to propel the growth of
Automotive insurance in the untapped markets for
the long forecast. Request for free
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Browse gtgt 78 market data
tables 48 figures
157 pages and in-depth TOC on usage-based
insurance market - Global Forecast to
2025 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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• Usage-based Insurance Market Objectives of the
  study
• To define, analyze, segment, and forecast the
  global market (20152025), in terms of value (USD
  million)
• To segment and forecast the market size, by
  value, by vehicle type, vehicle age, technology,
  and device offering
• To segment the market and forecast the market
  size, by value, by package type
• To segment the market and forecast the market
  size, by value, by electric and hybrid vehicle
  type
• To segment the market and forecast the market
  size, by value, by region
• To identify the market dynamics and analyze their
  impact on the global market

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A bottom-up approach was used to estimate and
validate the size of the global market and the
size of various other dependent submarkets in the
overall market. The market size, by value, of the
market, has been derived by multiplying the
country-wise penetration of UBI on the vehicle
insurance market, by vehicle type and vehicle
age. Summation of country wise market for a
specific region gives the regional market and
further summation of regional market gives the
global market for usage-based insurance. The
total market is further segmented by package
type, vehicle type, and vehicle age. Request for
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usage-based insurance market Key Players The
usage-based insurance market consists of
companies such as Progressive Corporation (US),
Vodafone (UK), Allstate (US), Octo Telematics
(UK), TomTom (Netherlands), Allianz (Germany),
AXA (France), Liberty Mutual (US), Verizon (US),
and Sierra Wireless (Canada).  
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