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Global Usage-Based Insurance Market Analysis 2020

  • ID: 5024846
  • Report
  • May 2020
  • Region: Global
  • 187 pages
  • Syngene Research
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FEATURED COMPANIES

  • Allianz
  • Assicurazioni Generali
  • AXA
  • UnipolSai Assicurazioni
  • Verizon
  • Webfleet Solutions
  • MORE
The Global Usage-Based Insurance market is expected to reach $91.14 billion by 2026 growing at a CAGR of 21.0% from 2018 to 2026. Usage-based insurance (UBI) is a telematics-based insurance service in which the premiums are based on driving behavior of the consumers. Braking, type of road used and cornering pattern are amongst the factors according to which the premiums are charged. Usage-based insurance (UBI) also includes different services such as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD).

Factors such as increasing adoption of telematics and connected cars, and reduction in insurance premium and risk-related costs are driving the market growth. Though, ambiguity over regulations and legislative environments is restraining the market growth. Moreover, developing automotive usage-based insurance ecosystem, and growing on-road vehicles are the opportunities for the Usage-Based Insurance market.

Based on package type, the pay-as-you-drive (PAYD) segment is going to have a lucrative growth during the forecast period, due to the ease of deployment, no complex algorithms for working, and cost-effectiveness for the insurer as well as consumers. Secondly, PAYD insurance encourages consumers to drive less and drive green.

The key vendors mentioned are UnipolSai Assicurazioni, Progressive Casualty Insurance Company, Allstate Insurance Company, State Farm Mutual Automobile Insurance Company, Liberty Mutual Insurance Company, AXA, Assicurazioni Generali, Allianz, Webfleet Solutions, and Verizon.

Package Types Covered:
  • Manage-How-You-Drive (MHYD)
  • Pay-As-You-Drive (PAYD)
  • Pay-How-You-Drive (PHYD)
Technologies Covered:
  • OBD-II
  • Black Box
  • Embedded System
  • Smartphone
Vehicle Types Covered:
  • Heavy-Duty Vehicle (HDV)
  • Light-Duty Vehicle (LDV)
Vehicle Ages Covered:
  • New Vehicles
  • On-Road Vehicles
Vehicle Technologies Covered:
  • Commercial Vehicle
  • Passenger Vehicle
Device Offerings Covered:
  • Bring Your Own Device (BYOD)
  • Company Provided
Electric and Hybrid Vehicles Covered:
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Vehicle (PHEV)
Regions Covered:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Key Questions Answered in this Report:
  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analysed during the forecast period
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allianz
  • Assicurazioni Generali
  • AXA
  • UnipolSai Assicurazioni
  • Verizon
  • Webfleet Solutions
  • MORE
1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
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 Package Type
5.1 Introduction
5.2 Manage-How-You-Drive (MHYD)
5.3 Pay-As-You-Drive (PAYD)
5.4 Pay-How-You-Drive (PHYD)

6 Global Usage-Based Insurance Market, By Technology
6.1 Introduction
6.2 OBD-II
6.3 Black Box
6.4 Embedded System
6.5 Smartphone

7 Global Usage-Based Insurance Market, By Vehicle Type
7.1 Introduction
7.2 Heavy-Duty Vehicle (HDV)
7.3 Light-Duty Vehicle (LDV)

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

9 Global Usage-Based Insurance Market, By Vehicle Technology
9.1 Introduction
9.2 Commercial Vehicle
9.3 Passenger Vehicle

10 Global Usage-Based Insurance Market, By Device Offering
10.1 Introduction
10.2 Bring Your Own Device (BYOD)
10.3 Company Provided

11 Global Usage-Based Insurance Market, By Electric and Hybrid Vehicle
11.1 Introduction
11.2 Battery Electric Vehicle (BEV)
11.3 Hybrid Electric Vehicle (HEV)
11.4 Plug-In Hybrid Vehicle (PHEV)

12 Global Usage-Based Insurance Market, By Geography
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa

13 Strategic Benchmarking

14 Vendors Landscape
14.1 UnipolSai Assicurazioni
14.2 Progressive Casualty Insurance Company
14.3 Allstate Insurance Company
14.4 State Farm Mutual Automobile Insurance Company
14.5 Liberty Mutual Insurance Company
14.6 AXA
14.7 Assicurazioni Generali
14.8 Allianz
14.9 Webfleet Solutions
14.10 Verizon

List of Tables
Table 1 Global Usage-Based Insurance Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 3 Global Usage-Based Insurance Market Outlook, By Manage-How-You-Drive (MHYD) (2016-2026) ($MN)
Table 4 Global Usage-Based Insurance Market Outlook, By Pay-As-You-Drive (PAYD) (2016-2026) ($MN)
Table 5 Global Usage-Based Insurance Market Outlook, By Pay-How-You-Drive (PHYD) (2016-2026) ($MN)
Table 6 Global Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 7 Global Usage-Based Insurance Market Outlook, By OBD-II (2016-2026) ($MN)
Table 8 Global Usage-Based Insurance Market Outlook, By Black Box (2016-2026) ($MN)
Table 9 Global Usage-Based Insurance Market Outlook, By Embedded System (2016-2026) ($MN)
Table 10 Global Usage-Based Insurance Market Outlook, By Smartphone (2016-2026) ($MN)
Table 11 Global Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 12 Global Usage-Based Insurance Market Outlook, By Heavy-Duty Vehicle (HDV) (2016-2026) ($MN)
Table 13 Global Usage-Based Insurance Market Outlook, By Light-Duty Vehicle (LDV) (2016-2026) ($MN)
Table 14 Global Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 15 Global Usage-Based Insurance Market Outlook, By New Vehicles (2016-2026) ($MN)
Table 16 Global Usage-Based Insurance Market Outlook, By On-Road Vehicles (2016-2026) ($MN)
Table 17 Global Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 18 Global Usage-Based Insurance Market Outlook, By Commercial Vehicle (2016-2026) ($MN)
Table 19 Global Usage-Based Insurance Market Outlook, By Passenger Vehicle (2016-2026) ($MN)
Table 20 Global Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 21 Global Usage-Based Insurance Market Outlook, By Bring Your Own Device (BYOD) (2016-2026) ($MN)
Table 22 Global Usage-Based Insurance Market Outlook, By Company Provided (2016-2026) ($MN)
Table 23 Global Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Table 24 Global Usage-Based Insurance Market Outlook, By Battery Electric Vehicle (BEV) (2016-2026) ($MN)
Table 25 Global Usage-Based Insurance Market Outlook, By Hybrid Electric Vehicle (HEV) (2016-2026) ($MN)
Table 26 Global Usage-Based Insurance Market Outlook, By Plug-In Hybrid Vehicle (PHEV) (2016-2026) ($MN)
Table 27 North America Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 28 North America Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 29 North America Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 30 North America Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 31 North America Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 32 North America Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 33 North America Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Table 34 Europe Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 35 Europe Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 36 Europe Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 37 Europe Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 38 Europe Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 39 Europe Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 40 Europe Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Table 41 Asia Pacific Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 42 Asia Pacific Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 43 Asia Pacific Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 44 Asia Pacific Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 45 Asia Pacific Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 46 Asia Pacific Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 47 Asia Pacific Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Table 48 South America Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 49 South America Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 50 South America Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 51 South America Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 52 South America Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 53 South America Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 54 South America Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Table 55 Middle East & Africa Usage-Based Insurance Market Outlook, By Package Type (2016-2026) ($MN)
Table 56 Middle East & Africa Usage-Based Insurance Market Outlook, By Technology (2016-2026) ($MN)
Table 57 Middle East & Africa Usage-Based Insurance Market Outlook, By Vehicle Type (2016-2026) ($MN)
Table 58 Middle East & Africa Usage-Based Insurance Market Outlook, By Vehicle Age (2016-2026) ($MN)
Table 59 Middle East & Africa Usage-Based Insurance Market Outlook, By Vehicle Technology (2016-2026) ($MN)
Table 60 Middle East & Africa Usage-Based Insurance Market Outlook, By Device Offering (2016-2026) ($MN)
Table 61 Middle East & Africa Usage-Based Insurance Market Outlook, By Electric and Hybrid Vehicle (2016-2026) ($MN)
Note: Product cover images may vary from those shown
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  • UnipolSai Assicurazioni
  • Progressive Casualty Insurance Company
  • Allstate Insurance Company
  • State Farm Mutual Automobile Insurance Company
  • Liberty Mutual Insurance Company
  • AXA
  • Assicurazioni Generali
  • Allianz
  • Webfleet Solutions
  • Verizon
Note: Product cover images may vary from those shown
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