Usage-Based Insurance Market

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Global Usage-Based Insurance Market Is Expected
to Reach 252.8 Billion, Says Variant Market
Research
Dinesh Patel SEO Analyst help_at_variantmarketresear
ch.com
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DESCRIPTION- USAGE-BASED INSURANCE MARKET
The Global Usage-Based Insurance Market is
estimated to reach 252.8 Billion by 2024
growing at a CAGR of 38.1 from 2016 to 2024.
Usage-based insurance (UBI) is a form of vehicle
insurance, where the premiums are based on the
type of road, distance covered, and driving
behavior of consumers. It is also called
telematics-based insurance and can either be Pay
as You Drive, Pay How You Drive, or Manage How
You Drive insurance, depending upon the comfort
and preference of consumers. Accurate and timely
data collection and lower fuel consumption are
the major benefits of telematics based insurance
which would show an increased market trend in the
coming years, allowing the market competitors
improve their position. Browse Complete Report _at_
https//www.variantmarketresearch.com/report-categ
ories/banking-financial-services-insurance-bfsi/us
age-based-insurance-market
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Global Usage-Based Insurance Market Size and
Forecast, 2015 2024 
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USAGE-BASED INSURANCE MARKET
The factors that drives the growth of global
usage-based insurance market are lower accident
and vehicle theft possibilities, enhanced
customer loyalty, and reduced claims costs. Also,
detection of stolen vehicles through telematics
device installed in the vehicle and personalized
revenue generating value added services within
insurance plans to serve consumer interests more
effectively also supplements the market growth.
However, high telematics installation cost and
privacy concerns may restrain the market in the
coming years. Moreover, technological advancement
to make the process easier with reduced service
rate is expected to pose new growth opportunities
for the market in the future years. Get Sample
Report https//www.variantmarketresearch.com/repo
rt-categories/banking-financial-services-insurance
-bfsi/usage-based-insurance-market/sample-request
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Global Usage-Based Insurance Market, by Type
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global usage-based insurance market segmentation
The global usage-based insurance market is
segmented on the basis of type, technology, and
geography. By type, the market is segmented into
pay-as-you-drive (PAYD), pay-how-you-drive
(PHYD), and manage-how-you-drive (MHYD). By
technology, the market is bifurcated as OBD-II,
smartphone, hybrid, and black box.
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GLOBAL USAGE-BASED INSURANCE MARKET Regional
Revenue (2016 Vs 2024)
Based on geography, usage-based insurance is
segmented into North America, Europe,
Asia-Pacific, and Rest of the World (RoW). North
America is further bifurcated in U.S., and Rest
of North America whereas Europe consists of UK,
Germany, France, Italy, and Rest of Europe.
Asia-Pacific is segmented into Australia, Japan,
and Rest of Asia-Pacific while RoW is bifurcated
into South America, Middle East, and Africa.
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Italy Usage-Based Insurance Market, 2015- 2024
Italy dominates the European usage-based
insurance market generating the maximum revenue
of the region. Also, the country accounted for
33.1 of the global usage-based insurance market
share in 2016. Growing awareness among consumers
and technological advancement is boosting the UBI
market in the country. The Italy UBI market is
expected to grow at a CAGR of 35.5 during the
forecast period 2016 2024. 
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THE KEY TAKEAWAYS FROM THE REPORT

• The report will provide detailed analysis of
  Global Usage-Based Insurance Market with respect
  to major segments such as type, technology, and
  geography
• The report will include the qualitative and
  quantitative analysis with market estimation over
  2015 2024 and compound annual growth rate
  (CAGR) between 2016 and 2024
• Comprehensive analysis of market dynamics
  including factors and opportunities will be
  provided in the report
• An exhaustive regional analysis of Global
  Usage-Based Insurance Market has been included in
  the report
• Profile of the key players in the Global
  Usage-Based Insurance Market will be provided,
  which include key financials, product services,
  new developments and business strategies

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SCOPE OF THE GLOBAL USAGE-BASED INSURANCE MARKET

• Type Segments
• Pay-As-You-Drive (PAYD)
• Pay-How-You-Drive (PHYD)
• Manage-How-You-Drive (MHYD)

• Technology Segments
• OBD-II
• Smartphone
• Hybrid
• Black Box

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TABLE OF CONTENT
Chapter 1 Prefix 1.1 Market Scope 1.2
Report Description 1.3 Research Methodology
1.3.1 Primary Research 1.3.2
Secondary Research 1.3.3 In-house Data
Modeling Chapter 2 Executive Summary
Chapter 3 Market Outline 3.1 Market
Inclination, Trend, Outlook and Viewpoint 3.2
Market Share Analysis Companys Competitive
Scenario 3.3 Market Dynamics 3.3.1
Drivers 3.3.1.1 Impact
Analysis 3.3.2 Restraints
3.3.2.1 Impact Analysis 3.3.3
Opportunities .
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TABLE OF CONTENT
Chapter 7 Company Profiles 7.1 Allianz SE
7.2 Insure The Box Ltd 7.3 Allstate
Corporation 7.4 AXA S.A. 7.5 Mapfre S.A
7.6 Progressive Corporation 7.7 Desjardins
Insurance 7.8 Aviva plc. 7.9 Metromile
7.10 Generali Group
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CONTACT US
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Michael Mendes Head - Sales Variant Market
Research 649 Mission St, 5th Floor, San
Francisco, CA 94105, United States. Tel
1-415-680-2785 Fax [phone] Email
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