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The automotive usage-based insurance market is forecasted to grow by USD 67.51 bn during 2023-2028, accelerating at a CAGR of 25.1% during the forecast period. The report on the automotive usage-based insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by flexible pricing schemes of automotive UBI, increasing government regulations for insurance coverage, and the presence of a conducive technology environment for the automotive industry.
The automotive usage-based insurance market is segmented as below:
By Application
- Embedded UBI
- App-based UBI
By Pricing Scheme
- PHYD
- PAYD
- MHYD
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the automotive usage-based insurance market covers the following areas:
- Automotive usage-based insurance market sizing
- Automotive usage-based insurance market forecast
- Automotive usage-based insurance market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Pricing Scheme
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global automotive usage-based insurance market: AXA Group, ACKO General Insurance Ltd., Allianz SE, Aviva insurance Ltd., Desjardins Group, Discovery Ltd., Direct Line Insurance Group Plc, GEICO, HDFC Bank Ltd., Lemonade Inc., Liberty Mutual Insurance Co., Mile Auto Inc., Nationwide Mutual Insurance Co., Root Inc., The Allstate Corp., The Progressive Corp., The Travelers Co. Inc., USAA, Verizon Communications Inc., and Zurich Insurance Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of automotive usage-based insurance for better driving habits."
According to the report, one of the major drivers for this market is the flexible pricing schemes of automotive UBI.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AXA Group
- ACKO General Insurance Ltd.
- Allianz SE
- Aviva insurance Ltd.
- Desjardins Group
- Discovery Ltd.
- Direct Line Insurance Group Plc
- GEICO
- HDFC Bank Ltd.
- Lemonade Inc.
- Liberty Mutual Insurance Co.
- Mile Auto Inc.
- Nationwide Mutual Insurance Co.
- Root Inc.
- The Allstate Corp.
- The Progressive Corp.
- The Travelers Co. Inc.
- USAA
- Verizon Communications Inc.
- Zurich Insurance Co. Ltd.
