$112.18 Billion Usage-based Insurance Market - Global Outlook Report 2017-2026

Dublin, Dec. 11, 2018 (GLOBE NEWSWIRE) -- The "Usage-based Insurance - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Global Usage-Based Insurance market accounted for $20.26 billion in 2017 and is expected to reach $112.18 billion by 2026 growing at a CAGR of 20.9% during the forecast period.

Increase in vehicle purchase and adoption of technologies such as connected car & telematics are set to impel the growth of the market. However, lack of stability and standardization of the regulations are hampering the market.

The usage-based insurance is a concept or profile of insurance in which the insurance that is paid to the good and services are depended upon our usage attributes such as duration, limits and other factors with respect to the product. The insurance can be set according to the requirements of the user by selecting the best suitable package. This concept of insurance help in fast, easy and accurate redemption and help in saving the money by avoiding the payments for unwanted.

Pay-As-You-Drive (PAYD) amongst the package type is expected to be spurring the markets for usage-based insurance. The cost economic nature, ease of deployment and no complexity is set to drive the market. In addition, this insurance package reduces vehicle emissions as it binds consumers to drive accordingly to the package.

By geography, North America is estimated to pilot the usage-based insurance market throughout the forecast period. The attributes responsible for the growth rate are the highest adoption rate of usage-based insurance for new and on-road vehicles equipped with technologies such as telematics. In addition, the region has top class automobile companies and high disposable income which leads to majority purchase of premium cars that increases the adoption rate of usage-based insurance due to high fares for regular insurance.

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Usage-Based Insurance Market, By Technology
5.1 Introduction
5.2 Embedded System
5.3 Black Box
5.4 Smartphone
5.5 On-Board Diagnostics (OBD) -II
5.6 Other Technologies

6 Global Usage-Based Insurance Market, By Package Type
6.1 Introduction
6.2 Manage-How-You-Drive (MHYD)
6.3 Pay-How-You-Drive (PHYD)
6.4 Pay-As-You-Drive (PAYD)

7 Global Usage-Based Insurance Market, By Device Offering
7.1 Introduction
7.2 Company Provided
7.3 Bring Your Own Device (BYOD)

8 Global Usage-Based Insurance Market, By Vehicle Age
8.1 Introduction
8.2 On-Road Vehicles
8.3 New Vehicles

9 Global Usage-Based Insurance Market, By Vehicle Type
9.1 Introduction
9.2 Heavy-Duty Vehicles (HDV)
9.3 Light-Duty Vehicle (LDV)

10 Global Usage-Based Insurance Market, By Electric and Hybrid Vehicle
10.1 Introduction
10.2 Hybrid Electric Vehicle (HEV)
10.3 Plug-In Hybrid Vehicle (PHEV)
10.4 Battery Electric Vehicle (BEV)

11 Global Usage-Based Insurance Market, By Application
11.1 App Based Usage Based Insurance

12 Global Usage-Based Insurance Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa

13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 Company Profiling
14.1 Aioi Nissay Dowa Insurance (ADI)
14.2 Progressive Corporation
14.3 Vodafone Group Plc
14.4 Tomtom
14.5 Allianz
14.6 Verizon
14.7 AXA
14.8 Liberty Mutual
14.9 Sierra Wireless
14.10 Modus Group
14.11 Allstate Corporation
14.12 Metromile
14.13 Octo Telematics
14.14 Wunelli
14.15 Intelligent Mechatronic Systems
14.16 Watchstone Group
14.17 CCC DRIVE

For more information about this report visit https://www.researchandmarkets.com/research/nht992/112_18_billion?w=12

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                    Related Topics: Automotive Insurance