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Usage-Based Insurance Global Market Opportunities And Strategies To 2031

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    Report

  • 244 Pages
  • November 2022
  • Region: Global
  • The Business Research Company
  • ID: 5684016
This report describes and explains the usage-based insurance market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The global usage-based insurance market reached a value of nearly $28,845.1 million in 2021, having grown at a compound annual growth rate (CAGR) of 13.6% since 2016. The market is expected to grow from $28,845.1 million in 2021 to $110,130.1 million in 2026 at a rate of 30.7%. The market is then expected to grow at a CAGR of 20.7% from 2026 and reach $281,966.0 million in 2031.

Growth in the historic period resulted from growth in vehicle ownership, increasing occurrences of vehicle theft, robust demand for passenger car sales, and high adoption of connected cars. The market was restrained by low insurance penetration in developing countries and a lack of awareness.

Going forward, growing automotive industry, growing demand for electric vehicles, increasing concerns about vehicle safety, and a rapid use of usage-based insurance by insurance companies to improve profitability. Factor that could hinder the growth of the usage-based insurance market in the future include additional charges by insurance brokers.

The usage-based insurance market is segmented by vehicle type into light-duty vehicle (LDV), heavy-duty vehicle (HDV). The light-duty vehicle (LDV) market was the largest segment of the usage-based insurance market segmented by vehicle type, accounting for 58.8% of the total in 2021. Going forward, the heavy-duty vehicle (HDV) segment is expected to be the fastest growing segment in the usage-based insurance market segmented by vehicle type, at a CAGR of 32.9% during 2021-2026.

The usage-based insurance market is also segmented by technology into on-board diagnostic (OBD)-II-based UBI programs, smartphone-based UBI programs, black-box-based UBI programs, and other technologies. The black-box-based UBI programs market was the largest segment of the usage-based insurance market segmented by technology, accounting for 55.7% of the total in 2021. Going forward, the black-box-based UBI programs segment is expected to be the fastest growing segment in the usage-based insurance market segmented by technology, at a CAGR of 31.8% during 2021-2026.

The usage-based insurance market is also segmented by package type into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). The pay-as-you-drive (PAYD) market was the largest segment of the usage-based insurance market segmented by package type, accounting for 58.1% of the total in 2021. Going forward, the pay-how-you-drive (PHYD) segment is expected to be the fastest growing segment in the usage-based insurance market segmented by package type, at a CAGR of 31.1% during 2021-2026.

North America was the largest region in the usage-based insurance market, accounting for 35.4% of the total in 2021. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the usage-based insurance market will be Asia Pacific, and, North America where growth will be at CAGRs of 38.3% and 30.5% respectively. These will be followed by Western Europe, and, South America where the markets are expected to grow at CAGRs of 26.5% and 22.4% respectively.

The global usage-based insurance market is consolidated with small number of large players dominating the market. The top ten competitors in the market made up to 56.08% of the total market in 2021. Progressive Corporation was the largest competitor with 17.12% share of the market, followed by Allstate Corporation with 12.89%, UNIPOLSAI ASSICURAZIONI S.P.A with 6.37%, Allianz SE with 5.10%, Liberty Mutual Insurance with 4.01%, AXA with 3.46%, Mapfre S.A. with 2.51%, State Farm Mutual Automobile Insurance Company with 2.34%, American International Group, Inc with 1.80%, and Nationwide Mutual Insurance Company with 0.46%.

The top opportunities in the usage-based insurance market segmented by vehicle type will arise in the light-duty vehicle (LDV) market segment, which will gain $44,028.1 million of global annual sales by 2026. The top opportunities in the usage-based insurance market segmented by technology will arise in the black-box-based UBI programs market segment, which will gain $47,772.4 of global annual sales by 2026. The top opportunities in the usage-based insurance market segmented by package type will arise in the pay-as-you-drive (PAYD) market segment, which will gain $44,160.3 of global annual sales by 2026. The usage-based insurance market size will gain the most in the USA at $25,260.7 million.

Market-trend-based strategies for the usage-based insurance market include focusing on connected technologies, focusing on smartphone technology-based telematics platform, focusing on telematics technology, focusing on partnerships and collaborations and focusing on self-installed telematics devices.

Player-adopted strategies in the usage-based insurance market include focus on launching innovative programs for helping small business owners, focus on expanding business operations through collaborations and partnerships and focus on increasing the customer base through the launch of innovative programs.

To take advantage of the opportunities, the publisher recommends the usage-based insurance companies to invest in connected technologies, increase focus on telematics technology, expand in emerging markets, focus on strategic partnerships and collaborations, offer competitive pricing, continue to participate in events and conferences, leverage social media and focus on fast-growing segments.

Frequently Asked Questions about the Global Usage-Based Insurance Market

What is the estimated value of the Global Usage-Based Insurance Market?

The Global Usage-Based Insurance Market was estimated to be valued at $28845.1 Million in 2021.

What is the growth rate of the Global Usage-Based Insurance Market?

The growth rate of the Global Usage-Based Insurance Market is 25.6%, with an estimated value of $281966 Million by 2031.

What is the forecasted size of the Global Usage-Based Insurance Market?

The Global Usage-Based Insurance Market is estimated to be worth $281966 Million by 2031.

Who are the key companies in the Global Usage-Based Insurance Market?

Key companies in the Global Usage-Based Insurance Market include Progressive Corporation, Allstate Corporation, UNIPOLSAI ASSICURAZIONI S.P.A and Liberty Mutual Insurance.

Table of Contents

1. Usage-Based Insurance Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Usage-Based Insurance Market Definition and Segmentations
6.4. Market Segmentation By Vehicle Type
6.4.1. Light-Duty Vehicle (LDV)
6.4.2. Heavy-Duty Vehicle (HDV)
6.5. Market Segmentation By Technology
6.5.1. On-Board Diagnostic (OBD)-II-Based UBI Programs
6.5.2. Smartphone-Based UBI Programs
6.5.3. Black-Box-Based UBI Programs
6.5.4. Other Technologies
6.6. Market Segmentation By Package Type
6.6.1. Pay-As-You-Drive (PAYD)
6.6.2. Pay-How-You-Drive (PHYD)
6.6.3. Manage-How-You-Drive (MHYD)
7. Major Market Trends
7.1. Connected Platform For Usage-Based Insurance
7.2. Smartphone-Based Telematics Platform
7.3. Increase In Usage Of Telematics Technology
7.4. Increasing Partnerships And Collaborations
7.5. Self-Installed Telematics Device
8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Restraints On The Market 2016 - 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 - 2026
8.3.2. Restraints On The Market 2021 - 2026
9. Usage-Based Insurance Market, Regional Analysis
9.1. Global Usage-Based Insurance Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Usage-Based Insurance Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Global Usage-Based Insurance Market Segmentation
10.1. Global Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.3. Global Usage-Based Insurance Market, Segmentation By Package Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.7. Asia Pacific Usage-Based Insurance Market: Country Analysis
11.8. China Market
11.9. Summary
11.10. Market Overview
11.10.1. Region Information
11.10.2. Market Information
11.10.3. Background Information
11.10.4. Government Initiatives
11.10.5. Regulations
11.10.6. Regulatory Bodies
11.10.7. Major Associations
11.10.8. Taxes Levied
11.10.9. Corporate Tax Structure
11.10.10. Investments
11.10.11. Major Companies
11.11. China Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.12. China Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.13. China Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.14. China Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.15. India Market
11.16. India Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.17. India Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.18. India Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.19. India Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.20. Japan Market
11.21. Japan Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.22. Japan Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.23. Japan Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.24. Japan Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.25. Australia Market
11.26. Australia Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.27. Australia Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.28. Australia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. Australia Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.30. Indonesia Market
11.31. Indonesia Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.32. Indonesia Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.33. Indonesia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.34. Indonesia Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.35. South Korea Market
11.36. South Korea Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.37. South Korea Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.38. South Korea Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.39. South Korea Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. GDP Per Capita
12.2.5. Government Initiatives
12.2.6. Regulations
12.2.7. Regulatory Bodies
12.2.8. Major Associations
12.2.9. Taxes Levied
12.2.10. Corporate Tax Structure
12.2.11. Investments
12.2.12. Major Companies
12.3. Western Europe Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.7. Western Europe Usage-Based Insurance Market: Country Analysis
12.8. UK Market
12.9. UK Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.10. UK Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.11. UK Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.12. UK Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.13. Germany Market
12.14. Germany Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.15. Germany Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.16. Germany Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.17. Germany Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.18. France Market
12.19. France Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.20. France Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.21. France Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.22. France Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.7. Eastern Europe Usage-Based Insurance Market: Country Analysis
13.8. Russia Market
13.9. Russia Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.10. Russia Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.11. Russia Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.12. Russia Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Taxes Levied
14.2.8. Corporate Tax Structure
14.2.9. Investment
14.2.10. Major Companies
14.3. North America Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.7. North America Usage-Based Insurance Market: Country Analysis
14.8. USA Market
14.9. Summary
14.10. Market Overview
14.10.1. Region Information
14.10.2. Market Information
14.10.3. Background Information
14.10.4. Regulations
14.10.5. Regulatory Bodies
14.10.6. Major Associations
14.10.7. Taxes Levied
14.10.8. Corporate Tax Structure
14.10.9. Investment
14.10.10. Major Companies
14.11. USA Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.12. USA Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.13. USA Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.14. USA Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.7. South America Usage-Based Insurance Market: Country Analysis
15.8. Brazil Market
15.9. Brazil Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.10. Brazil Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.11. Brazil Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.12. Brazil Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.6. Middle East Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Usage-Based Insurance Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Usage-Based Insurance Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Usage-Based Insurance Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.6. Africa Usage-Based Insurance Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
18. Competitive Landscape And Company Profiles
19. Company Profiles
19.1. The Progressive Corporation
19.1.1. Company Overview
19.1.2. Products And Services
19.1.3. Business Strategy
19.1.4. Financial Overview
19.2. The Allstate Corporation
19.2.1. Company Overview
19.2.2. Products And Services
19.2.3. Business Strategy
19.2.4. Financial Overview
19.3. UNIPOLSAI ASSICURAZIONI S. P. A
19.3.1. Company Overview
19.3.2. Products And Services.
19.3.3. Business Strategy
19.3.4. Financial Overview
19.4. Allianz SE
19.4.1. Company Overview
19.4.2. Products And Services
19.4.3. Financial Overview
19.5. Liberty Mutual Insurance
19.5.1. Company Overview
19.5.2. Products And Services
19.5.3. Business Strategy
19.5.4. Financial Overview
20. Key Mergers and Acquisitions In The Market
20.1. Otonomo Technologies Acquired The Floow
20.2. Liberty Mutual Insurance Acquired State Auto Group
20.3. Lemonade Inc Acquired Metromile
20.4. Progressive Completes Acquisition Of Protective Insurance
20.5. State Farm Completes Acquisition Of Gainsco
20.6. Allstate Acquired National General Insurance
21. Market Opportunities And Strategies
21.1. Global Usage-Based Insurance Market In 2026 - Countries Offering Most New Opportunities
21.2. Global Usage-Based Insurance Market In 2026 - Segments Offering Most New Opportunities
21.3. Global Usage-Based Insurance Market In 2026 - Growth Strategies
21.3.1. Market Trend Based Strategies
21.3.2. Competitor Strategies
22. Usage-Based Insurance Market, Conclusions And Recommendations
22.1. Conclusions
22.2. Recommendations
22.2.1. Product
22.2.2. Place
22.2.3. Price
22.2.4. Promotion
22.2.5. People
23. Appendix
23.1. Market Data Sources
23.2. Research Methodology
23.3. Currencies
23.4. About the Publisher
23.5. Copyright and Disclaimer

Executive Summary

Usage-Based Insurance Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global usage-based insurance market as it emerges from the COVID-19 shut down.


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Description:


Where is the largest and fastest growing market for usage-based insurance? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The usage-based insurance market global report from the publisher answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider usage-based insurance market; and compares it with other markets.


The report covers the following chapters



  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the usage-based Insurance market
  • Key Trends - Highlights the major trends shaping the global usage-based insurance market. This section also highlights likely future developments in the market
  • Global Market Size and Growth - Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
  • Regional Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
  • Market Segmentation - Contains the market values (2016-2031) and analysis for segment by vehicle type, by technology and by package type in the market
  • Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
  • Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
  • Conclusions And Recommendations - Includes recommendations for usage-based insurance providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report

Scope


Markets Covered:



  • 1) By Vehicle Type: Light-Duty Vehicle (LDV); Heavy-Duty Vehicle (HDV)
  • 2) By Technology: On-Board Diagnostic (OBD)-II-Based UBI Programs; Smartphone-Based UBI Programs; Black-Box-Based UBI Programs; Other Technologies
  • 3) By Package Type: Pay-As-You-Drive (PAYD); Pay-How-You-Drive (PHYD); Manage-How-You-Drive (MHYD)

Companies Mentioned: Progressive Corporation; Allstate Corporation; UNIPOLSAI ASSICURAZIONI S.P.A; Allianz SE; Liberty Mutual Insurance


Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia


Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa


Time series: Five years historic and ten years forecast.


Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; usage-based insurance indicators comparison.


Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.


Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Progressive Corporation
  • Allstate Corporation
  • UNIPOLSAI ASSICURAZIONI S.P.A
  • Allianz SE
  • Liberty Mutual Insurance

Methodology

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