+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Usage-Based Insurance Market Size, Share & Trends Analysis Report By Vehicle Age, By Policy, By Vehicle Type, By Technology (Black Box, OBD (On-Board Diagnostics)-II, Smartphone, and Hybrid), By Regional Outlook and Forecast, 2023 - 2030

  • PDF Icon

    Report

  • 262 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5943364
The Global Usage-based insurance Market size is expected to reach $161.5 billion by 2030, rising at a market growth of 25.5% CAGR during the forecast period.

The rate of vehicle ownership in the Asia-Pacific region is among the highest globally. This significantly increases the number of prospective clients for UBI products. Numerous Asia-Pacific nations' UBI ecosystems have partnered with certain service providers to support the UBI initiative. Consequently, the Asia Pacific region would acquire nearly 30% of the total market share by 2030. The Asia Pacific region is also one of the fastest-growing regions regarding IoT technology. In the past few years, key countries like China, Japan, and India have rapidly adopted the IoT technology used by automotive OEMS present here. Additionally, some governing bodies, such as China, advocate using connected vehicles to enhance air quality and reduce traffic congestion. This number of initiatives to promote the adoption of connected cars and IoT technology has made the Asia Pacific region the fastest-growing market for UBI adoption.



The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, in October, 2023, Allstate Insurance Company came into partnership with CSAA Insurance Group, an American insurance company, to provide customers with Usage Based Insurance solutions. The partnership aids users in exercising greater control of their vehicle insurance by providing them with insights into their driving behaviour. Moreover, in December 2022, The Progressive Corporation announced a partnership with Motive, an automated operation solution provider, to integrate Motive’s AI-based safety solution into Progressive Commercial customers platform. The partnership allows customers to save costs on their insurance premiums by helping them gain insights into their driving behaviour.

Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the Cardinal Matrix; Tesla, Inc. is the forerunner in the Market. Companies such as Hyundai Motor Company, Liberty Mutual Holding Company Inc. and MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A. are some of the key innovators in Market. In February, 2023, Hyundai Motor Company came into partnership with Verisk, a data analytics services provider. Under the partnership, Hyundai would integrate Verisk telematic data analysis platform with its vehicles with an aim for providing appropriate insurance premium pricing.



Market Growth Factors

Telematics devices have become smaller and more compact, facilitating easy vehicle installation. This miniaturization has increased the accessibility of telematics technology, allowing insurers to deploy devices without significant modifications to vehicle structures. Advancements in machine learning and predictive analytics enhance the ability to analyze vast amounts of telematics data. Insurers can leverage these technologies to predict future driving behaviors, assess risk more accurately, and refine underwriting models for UBI. Thus, advancements in telematics technology have played a central role in expanding the market.

UBI allows for individualized risk assessment based on actual driving behavior. Instead of relying solely on traditional demographic factors, such as age and gender, insurers can use telematics data to assess risk at an individual level. For individuals who drive less frequently, UBI offers mileage-based premiums. This model allows low-mileage drivers to pay insurance premiums based on distance traveled. It aligns with the preferences of those who use their vehicles sparingly and seek cost-effective solutions. Therefore, the preference for personalization in insurance has expanded the market.

Market Restraining Factors

Different telematics devices and systems may generate data in varied formats. The lack of a standardized format makes it challenging for insurers, technology providers, and other stakeholders to ensure interoperability among diverse devices. Standardization issues hinder the smooth exchange of telematics data between insurers, technology providers, and other entities involved in the UBI ecosystem. Inconsistent data formats may lead to errors, misinterpretations, and delays in sharing information, impacting the efficiency of UBI programs. Due to the above factors, market growth will be hampered in the coming years.

By Vehicle Age Analysis

By vehicle age, the market is categorized into new vehicles and used vehicles. The used vehicles segment recorded a remarkable revenue share in the market in 2022. Older vehicles often have lower annual mileage compared to newer ones. UBI can save costs for owners of older vehicles who drive less frequently. The pay-as-you-drive model, where premiums are based on actual mileage, benefits those who use their vehicles sparingly. UBI can take into account the environmental impact of driving habits. Older vehicles may have different emission levels, and UBI programs may consider factors such as fuel efficiency and emissions in the risk assessment. This aligns with broader environmental goals and encourages eco-friendly driving practices.

By Policy Analysis

On the basis of policy, the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). The pay-how-you-drive (PHYD) segment acquired a substantial revenue share in the market in 2022. PHYD offers a more individualized risk assessment compared to traditional fixed-rate insurance models. Insurers can differentiate between high and low-risk drivers based on specific behaviors, allowing for more accurate pricing. PHYD provides strong incentives for policyholders to adopt safer driving practices. Drivers who exhibit safe behaviors, such as obeying speed limits and avoiding harsh braking, may enjoy lower premiums.



By Vehicle Type Analysis

On the basis of vehicle type, the market is classified into light-duty vehicle (LDV) and heavy-duty vehicle (HDV). The heavy-duty vehicle (HDV) segment covered a considerable revenue share in the market. UBI programs for HDVs can include safety incentives for commercial fleets. By encouraging safe driving practices, such as adherence to speed limits and safe following distances, fleet operators may benefit from lower insurance premiums for their entire fleet. UBI for HDVs can contribute to preventive maintenance by monitoring the vehicle's health. Alerts can be sent to fleet managers for issues such as engine malfunctions or low tire pressure, facilitating timely maintenance and reducing the risk of breakdowns.

By Technology

Based on technology, the market is fragmented into OBD (On-board diagnostics)-II, smartphone, hybrid, and black box. The smartphone segment garnered a significant revenue share in the market in 2022. Smartphone-based UBI solutions are scalable and cost-effective. Insurers can deploy UBI programs without the need for additional hardware installations, making it a more accessible option for both insurers and policyholders. GPS technology in smartphones enables location-based services. Insurers can use this information to understand drivers' typical routes and travel frequency and assess risk factors associated with specific geographic areas. Smartphone-based UBI models use the gathered data to calculate the insurance premiums. Safer driving behaviors are often rewarded with lower premiums, creating a direct link between individual behavior and insurance costs.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region acquired the largest revenue share in the market in 2022. There is an increasing awareness and acceptance of UBI among consumers in North America. As drivers become more familiar with the benefits of personalized pricing based on their driving habits, the demand for UBI policies has increased. Consumers increasingly seek personalized insurance solutions that align with their needs and behaviors. UBI caters to this preference by offering a pricing model that reflects the specific risk profile of each driver.

Recent Strategies Deployed in the Market

  • Oct-2023: Allstate Insurance Company came into partnership with CSAA Insurance Group, an American insurance company, to provide customers with Usage Based Insurance solutions. The partnership aids users in exercising greater control of their vehicle insurance by providing them with insights into their driving behaviour.
  • Aug-2023: MAPFRE USA, a subsidiary of MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A., took over Insignia Life, a Mexican life insurance company. The move comes in line with the company's LATAM expansion strategy.
  • Feb-2023: Hyundai Motor Company came into partnership with Verisk, a data analytics services provider. Under the partnership, Hyundai would integrate Verisk telematic data analysis platform with its vehicles with an aim for providing appropriate insurance premium pricing.
  • Dec-2022: The Progressive Corporation announced a partnership with Motive, an automated operation solution provider, to integrate Motive’s AI-based safety solution into Progressive Commercial customers platform. The partnership allows customers to save costs on their insurance premiums by helping them gain insights into their driving behaviour.
  • Nov-2021: Tesla, Inc. released usage-based insurance (UBI) for its Model S, Model Y, Model X and Model 3 cars. The insurance plan would use Tesla's integrated car systems for monitoring driver behaviour, which would help calculate the premium in a much easier way.

List of Key Companies Profiled

  • Liberty Mutual Holding Company Inc.
  • Allstate Insurance Company
  • MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A. (Cartera Mapfre, S.L.)
  • The Progressive Corporation
  • Nationwide Mutual Insurance Company
  • MS&AD Insurance Group Holdings, Inc.
  • Tesla, Inc.
  • Hyundai Motor Company
  • Octo Telematics S.p.A. (Renova Group)
  • Zubie, Inc.

Market Report Segmentation

By Vehicle Age
  • New Vehicles
  • Used Vehicles
By Policy
  • Pay-As-You-Drive (PAYD)
  • Pay-How-You-Drive (PHYD)
  • Manage-How-You-Drive (MHYD)
By Vehicle Type
  • Light-Duty Vehicle (LDV)
  • Heavy-Duty Vehicle (HDV)
By Technology
  • Black Box
  • OBD (On-Board Diagnostics)-II
  • Smartphone
  • Hybrid
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Usage-Based Insurance Market, by Vehicle Age
1.4.2 Global Usage-Based Insurance Market, by Policy
1.4.3 Global Usage-Based Insurance Market, by Vehicle Type
1.4.4 Global Usage-Based Insurance Market, by Technology
1.4.5 Global Usage-Based Insurance Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Feb- 2023, Oct) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Global Usage-Based Insurance Market by Vehicle Age
5.1 Global New Vehicles Market by Region
5.2 Global Used Vehicles Market by Region
Chapter 6. Global Usage-Based Insurance Market by Policy
6.1 Global Pay-As-You-Drive (PAYD) Market by Region
6.2 Global Pay-How-You-Drive (PHYD) Market by Region
6.3 Global Manage-How-You-Drive (MHYD) Market by Region
Chapter 7. Global Usage-Based Insurance Market by Vehicle Type
7.1 Global Light-Duty Vehicle (LDV) Market by Region
7.2 Global Heavy-Duty Vehicle (HDV) Market by Region
Chapter 8. Global Usage-Based Insurance Market by Technology
8.1 Global Black Box Market by Region
8.2 Global OBD (On-Board Diagnostics)-II Market by Region
8.3 Global Smartphone Market by Region
8.4 Global Hybrid Market by Region
Chapter 9. Global Usage-Based Insurance Market by Region
9.1 North America Usage-Based Insurance Market
9.1.1 North America Usage-Based Insurance Market by Vehicle Age
9.1.1.1 North America New Vehicles Market by Region
9.1.1.2 North America Used Vehicles Market by Region
9.1.2 North America Usage-Based Insurance Market by Policy
9.1.2.1 North America Pay-As-You-Drive (PAYD) Market by Country
9.1.2.2 North America Pay-How-You-Drive (PHYD) Market by Country
9.1.2.3 North America Manage-How-You-Drive (MHYD) Market by Country
9.1.3 North America Usage-Based Insurance Market by Vehicle Type
9.1.3.1 North America Light-Duty Vehicle (LDV) Market by Country
9.1.3.2 North America Heavy-Duty Vehicle (HDV) Market by Country
9.1.4 North America Usage-Based Insurance Market by Technology
9.1.4.1 North America Black Box Market by Country
9.1.4.2 North America OBD (On-Board Diagnostics)-II Market by Country
9.1.4.3 North America Smartphone Market by Country
9.1.4.4 North America Hybrid Market by Country
9.1.5 North America Usage-Based Insurance Market by Country
9.1.5.1 US Usage-Based Insurance Market
9.1.5.1.1 US Usage-Based Insurance Market by Vehicle Age
9.1.5.1.2 US Usage-Based Insurance Market by Policy
9.1.5.1.3 US Usage-Based Insurance Market by Vehicle Type
9.1.5.1.4 US Usage-Based Insurance Market by Technology
9.1.5.2 Canada Usage-Based Insurance Market
9.1.5.2.1 Canada Usage-Based Insurance Market by Vehicle Age
9.1.5.2.2 Canada Usage-Based Insurance Market by Policy
9.1.5.2.3 Canada Usage-Based Insurance Market by Vehicle Type
9.1.5.2.4 Canada Usage-Based Insurance Market by Technology
9.1.5.3 Mexico Usage-Based Insurance Market
9.1.5.3.1 Mexico Usage-Based Insurance Market by Vehicle Age
9.1.5.3.2 Mexico Usage-Based Insurance Market by Policy
9.1.5.3.3 Mexico Usage-Based Insurance Market by Vehicle Type
9.1.5.3.4 Mexico Usage-Based Insurance Market by Technology
9.1.5.4 Rest of North America Usage-Based Insurance Market
9.1.5.4.1 Rest of North America Usage-Based Insurance Market by Vehicle Age
9.1.5.4.2 Rest of North America Usage-Based Insurance Market by Policy
9.1.5.4.3 Rest of North America Usage-Based Insurance Market by Vehicle Type
9.1.5.4.4 Rest of North America Usage-Based Insurance Market by Technology
9.2 Europe Usage-Based Insurance Market
9.2.1 Europe Usage-Based Insurance Market by Vehicle Age
9.2.1.1 Europe New Vehicles Market by Country
9.2.1.2 Europe Used Vehicles Market by Country
9.2.2 Europe Usage-Based Insurance Market by Policy
9.2.2.1 Europe Pay-As-You-Drive (PAYD) Market by Country
9.2.2.2 Europe Pay-How-You-Drive (PHYD) Market by Country
9.2.2.3 Europe Manage-How-You-Drive (MHYD) Market by Country
9.2.3 Europe Usage-Based Insurance Market by Vehicle Type
9.2.3.1 Europe Light-Duty Vehicle (LDV) Market by Country
9.2.3.2 Europe Heavy-Duty Vehicle (HDV) Market by Country
9.2.4 Europe Usage-Based Insurance Market by Technology
9.2.4.1 Europe Black Box Market by Country
9.2.4.2 Europe OBD (On-Board Diagnostics)-II Market by Country
9.2.4.3 Europe Smartphone Market by Country
9.2.4.4 Europe Hybrid Market by Country
9.2.5 Europe Usage-Based Insurance Market by Country
9.2.5.1 Germany Usage-Based Insurance Market
9.2.5.1.1 Germany Usage-Based Insurance Market by Vehicle Age
9.2.5.1.2 Germany Usage-Based Insurance Market by Policy
9.2.5.1.3 Germany Usage-Based Insurance Market by Vehicle Type
9.2.5.1.4 Germany Usage-Based Insurance Market by Technology
9.2.5.2 UK Usage-Based Insurance Market
9.2.5.2.1 UK Usage-Based Insurance Market by Vehicle Age
9.2.5.2.2 UK Usage-Based Insurance Market by Policy
9.2.5.2.3 UK Usage-Based Insurance Market by Vehicle Type
9.2.5.2.4 UK Usage-Based Insurance Market by Technology
9.2.5.3 France Usage-Based Insurance Market
9.2.5.3.1 France Usage-Based Insurance Market by Vehicle Age
9.2.5.3.2 France Usage-Based Insurance Market by Policy
9.2.5.3.3 France Usage-Based Insurance Market by Vehicle Type
9.2.5.3.4 France Usage-Based Insurance Market by Technology
9.2.5.4 Russia Usage-Based Insurance Market
9.2.5.4.1 Russia Usage-Based Insurance Market by Vehicle Age
9.2.5.4.2 Russia Usage-Based Insurance Market by Policy
9.2.5.4.3 Russia Usage-Based Insurance Market by Vehicle Type
9.2.5.4.4 Russia Usage-Based Insurance Market by Technology
9.2.5.5 Spain Usage-Based Insurance Market
9.2.5.5.1 Spain Usage-Based Insurance Market by Vehicle Age
9.2.5.5.2 Spain Usage-Based Insurance Market by Policy
9.2.5.5.3 Spain Usage-Based Insurance Market by Vehicle Type
9.2.5.5.4 Spain Usage-Based Insurance Market by Technology
9.2.5.6 Italy Usage-Based Insurance Market
9.2.5.6.1 Italy Usage-Based Insurance Market by Vehicle Age
9.2.5.6.2 Italy Usage-Based Insurance Market by Policy
9.2.5.6.3 Italy Usage-Based Insurance Market by Vehicle Type
9.2.5.6.4 Italy Usage-Based Insurance Market by Technology
9.2.5.7 Rest of Europe Usage-Based Insurance Market
9.2.5.7.1 Rest of Europe Usage-Based Insurance Market by Vehicle Age
9.2.5.7.2 Rest of Europe Usage-Based Insurance Market by Policy
9.2.5.7.3 Rest of Europe Usage-Based Insurance Market by Vehicle Type
9.2.5.7.4 Rest of Europe Usage-Based Insurance Market by Technology
9.3 Asia Pacific Usage-Based Insurance Market
9.3.1 Asia Pacific Usage-Based Insurance Market by Vehicle Age
9.3.1.1 Asia Pacific New Vehicles Market by Country
9.3.1.2 Asia Pacific Used Vehicles Market by Country
9.3.2 Asia Pacific Usage-Based Insurance Market by Policy
9.3.2.1 Asia Pacific Pay-As-You-Drive (PAYD) Market by Country
9.3.2.2 Asia Pacific Pay-How-You-Drive (PHYD) Market by Country
9.3.2.3 Asia Pacific Manage-How-You-Drive (MHYD) Market by Country
9.3.3 Asia Pacific Usage-Based Insurance Market by Vehicle Type
9.3.3.1 Asia Pacific Light-Duty Vehicle (LDV) Market by Country
9.3.3.2 Asia Pacific Heavy-Duty Vehicle (HDV) Market by Country
9.3.4 Asia Pacific Usage-Based Insurance Market by Technology
9.3.4.1 Asia Pacific Black Box Market by Country
9.3.4.2 Asia Pacific OBD (On-Board Diagnostics)-II Market by Country
9.3.4.3 Asia Pacific Smartphone Market by Country
9.3.4.4 Asia Pacific Hybrid Market by Country
9.3.5 Asia Pacific Usage-Based Insurance Market by Country
9.3.5.1 China Usage-Based Insurance Market
9.3.5.1.1 China Usage-Based Insurance Market by Vehicle Age
9.3.5.1.2 China Usage-Based Insurance Market by Policy
9.3.5.1.3 China Usage-Based Insurance Market by Vehicle Type
9.3.5.1.4 China Usage-Based Insurance Market by Technology
9.3.5.2 Japan Usage-Based Insurance Market
9.3.5.2.1 Japan Usage-Based Insurance Market by Vehicle Age
9.3.5.2.2 Japan Usage-Based Insurance Market by Policy
9.3.5.2.3 Japan Usage-Based Insurance Market by Vehicle Type
9.3.5.2.4 Japan Usage-Based Insurance Market by Technology
9.3.5.3 India Usage-Based Insurance Market
9.3.5.3.1 India Usage-Based Insurance Market by Vehicle Age
9.3.5.3.2 India Usage-Based Insurance Market by Policy
9.3.5.3.3 India Usage-Based Insurance Market by Vehicle Type
9.3.5.3.4 India Usage-Based Insurance Market by Technology
9.3.5.4 South Korea Usage-Based Insurance Market
9.3.5.4.1 South Korea Usage-Based Insurance Market by Vehicle Age
9.3.5.4.2 South Korea Usage-Based Insurance Market by Policy
9.3.5.4.3 South Korea Usage-Based Insurance Market by Vehicle Type
9.3.5.4.4 South Korea Usage-Based Insurance Market by Technology
9.3.5.5 Singapore Usage-Based Insurance Market
9.3.5.5.1 Singapore Usage-Based Insurance Market by Vehicle Age
9.3.5.5.2 Singapore Usage-Based Insurance Market by Policy
9.3.5.5.3 Singapore Usage-Based Insurance Market by Vehicle Type
9.3.5.5.4 Singapore Usage-Based Insurance Market by Technology
9.3.5.6 Malaysia Usage-Based Insurance Market
9.3.5.6.1 Malaysia Usage-Based Insurance Market by Vehicle Age
9.3.5.6.2 Malaysia Usage-Based Insurance Market by Policy
9.3.5.6.3 Malaysia Usage-Based Insurance Market by Vehicle Type
9.3.5.6.4 Malaysia Usage-Based Insurance Market by Technology
9.3.5.7 Rest of Asia Pacific Usage-Based Insurance Market
9.3.5.7.1 Rest of Asia Pacific Usage-Based Insurance Market by Vehicle Age
9.3.5.7.2 Rest of Asia Pacific Usage-Based Insurance Market by Policy
9.3.5.7.3 Rest of Asia Pacific Usage-Based Insurance Market by Vehicle Type
9.3.5.7.4 Rest of Asia Pacific Usage-Based Insurance Market by Technology
9.4 LAMEA Usage-Based Insurance Market
9.4.1 LAMEA Usage-Based Insurance Market by Vehicle Age
9.4.1.1 LAMEA New Vehicles Market by Country
9.4.1.2 LAMEA Used Vehicles Market by Country
9.4.2 LAMEA Usage-Based Insurance Market by Policy
9.4.2.1 LAMEA Pay-As-You-Drive (PAYD) Market by Country
9.4.2.2 LAMEA Pay-How-You-Drive (PHYD) Market by Country
9.4.2.3 LAMEA Manage-How-You-Drive (MHYD) Market by Country
9.4.3 LAMEA Usage-Based Insurance Market by Vehicle Type
9.4.3.1 LAMEA Light-Duty Vehicle (LDV) Market by Country
9.4.3.2 LAMEA Heavy-Duty Vehicle (HDV) Market by Country
9.4.4 LAMEA Usage-Based Insurance Market by Technology
9.4.4.1 LAMEA Black Box Market by Country
9.4.4.2 LAMEA OBD (On-Board Diagnostics)-II Market by Country
9.4.4.3 LAMEA Smartphone Market by Country
9.4.4.4 LAMEA Hybrid Market by Country
9.4.5 LAMEA Usage-Based Insurance Market by Country
9.4.5.1 Brazil Usage-Based Insurance Market
9.4.5.1.1 Brazil Usage-Based Insurance Market by Vehicle Age
9.4.5.1.2 Brazil Usage-Based Insurance Market by Policy
9.4.5.1.3 Brazil Usage-Based Insurance Market by Vehicle Type
9.4.5.1.4 Brazil Usage-Based Insurance Market by Technology
9.4.5.2 Argentina Usage-Based Insurance Market
9.4.5.2.1 Argentina Usage-Based Insurance Market by Vehicle Age
9.4.5.2.2 Argentina Usage-Based Insurance Market by Policy
9.4.5.2.3 Argentina Usage-Based Insurance Market by Vehicle Type
9.4.5.2.4 Argentina Usage-Based Insurance Market by Technology
9.4.5.3 UAE Usage-Based Insurance Market
9.4.5.3.1 UAE Usage-Based Insurance Market by Vehicle Age
9.4.5.3.2 UAE Usage-Based Insurance Market by Policy
9.4.5.3.3 UAE Usage-Based Insurance Market by Vehicle Type
9.4.5.3.4 UAE Usage-Based Insurance Market by Technology
9.4.5.4 Saudi Arabia Usage-Based Insurance Market
9.4.5.4.1 Saudi Arabia Usage-Based Insurance Market by Vehicle Age
9.4.5.4.2 Saudi Arabia Usage-Based Insurance Market by Policy
9.4.5.4.3 Saudi Arabia Usage-Based Insurance Market by Vehicle Type
9.4.5.4.4 Saudi Arabia Usage-Based Insurance Market by Technology
9.4.5.5 South Africa Usage-Based Insurance Market
9.4.5.5.1 South Africa Usage-Based Insurance Market by Vehicle Age
9.4.5.5.2 South Africa Usage-Based Insurance Market by Policy
9.4.5.5.3 South Africa Usage-Based Insurance Market by Vehicle Type
9.4.5.5.4 South Africa Usage-Based Insurance Market by Technology
9.4.5.6 Nigeria Usage-Based Insurance Market
9.4.5.6.1 Nigeria Usage-Based Insurance Market by Vehicle Age
9.4.5.6.2 Nigeria Usage-Based Insurance Market by Policy
9.4.5.6.3 Nigeria Usage-Based Insurance Market by Vehicle Type
9.4.5.6.4 Nigeria Usage-Based Insurance Market by Technology
9.4.5.7 Rest of LAMEA Usage-Based Insurance Market
9.4.5.7.1 Rest of LAMEA Usage-Based Insurance Market by Vehicle Age
9.4.5.7.2 Rest of LAMEA Usage-Based Insurance Market by Policy
9.4.5.7.3 Rest of LAMEA Usage-Based Insurance Market by Vehicle Type
9.4.5.7.4 Rest of LAMEA Usage-Based Insurance Market by Technology
Chapter 10. Company Profiles
10.1 Liberty Mutual Holding Company Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Recent strategies and developments:
10.1.3.1 Partnerships, Collaborations, and Agreements:
10.1.3.2 Acquisition and Mergers:
10.2 MAPFRE RE, Compañía De Reaseguros, S.A. (Cartera Mapfre, S.L.)
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Recent strategies and developments:
10.2.3.1 Partnerships, Collaborations, and Agreements:
10.2.3.2 Product Launches and Product Expansions:
10.2.3.3 Acquisition and Mergers:
10.3 MS&AD Insurance Group Holdings, Inc.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 Octo Telematics S.p.A. (Renova Group)
10.4.1 Company Overview
10.4.2 Recent strategies and developments:
10.4.2.1 Partnerships, Collaborations, and Agreements:
10.4.2.2 Product Launches and Product Expansions:
10.5 Zubie, Inc.
10.5.1 Company Overview
10.6 Allstate Insurance Company
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Partnerships, Collaborations, and Agreements:
10.6.3 SWOT Analysis
10.7 The Progressive Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Recent strategies and developments:
10.7.3.1 Partnerships, Collaborations, and Agreements:
10.7.3.2 Product Launches and Product Expansions:
10.7.3.3 Acquisition and Mergers:
10.7.4 SWOT Analysis
10.8 Tesla, Inc.
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Product launches and Product expansions:
10.8.6 SWOT Analysis
10.9 Hyundai Motor Company
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Product launches and Product expansions:
10.10. Nationwide Mutual Insurance Company
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Partnerships, Collaborations, and Agreements:
10.10.2.2 Acquisition and Mergers:
Chapter 11. Winning Imperatives of Usage-Based Insurance Market

Companies Mentioned

  • Liberty Mutual Holding Company Inc.
  • Allstate Insurance Company
  • MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A. (Cartera Mapfre, S.L.)
  • The Progressive Corporation
  • Nationwide Mutual Insurance Company
  • MS&AD Insurance Group Holdings, Inc.
  • Tesla, Inc.
  • Hyundai Motor Company
  • Octo Telematics S.p.A. (Renova Group)
  • Zubie, Inc.

Methodology

Loading
LOADING...