Usage-based Insurance Market Growth

1. Usage-Based Insurance Market Forecast From 2019 to 2024

2. DESCRIPTION The Usage-Based Insurance Market is projected to grow at a CAGR of 34.78% to reach US$45,311.046 million by 2024, from US$7,559.693 million in 2018. Usage-based insurance (UBI) is a type of automotive insurance where, instead of the premium being decided on the traditional backgrounds, it is also determined on the behavior, driving pattern, and usage of the vehicle. The demand for UBI is projected to witness substantial growth during the projected period due to the premium discounts allowing insurers to cut down on insurance premiums, along with the budding innovations in premium policies further catering to this demand.

4. Key Questions Answered By The Report • What will Usage-Based Insurance Market sizefrom 2019 to 2024? • How are the major drivers and restraints affecting Usage-Based Insurance Market . • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

5. Segments Covered Under Usage-Based Insurance Market • Reports Are As Below: By Technology • OBD-II • Smartphone • Embedded System • Black Box • Hybrid By Package Type • Pay-As-You-Drive • Pay-How-You-Drive By Vehicle Type • Passenger Vehicle • Commercial Vehicle By Vehicle Age • New Vehicles • On-Road Vehicles

6. Geography Americas • USA • Canada • Brazil • Others Europe, Middle East and Africa • Germany • France • United Kingdom • Italy • Others Asia Pacific • China • Japan

7. COMPANY PROFILE The Travelers Indemnity Company Allstate Insurance Company Insure The Box Limited IMS (Part of Trak Global Group) Verizon Vodafone Limited • Metromile Inc. • Progressive Casualty Insurance Company • Nationwide Mutual Insurance Company • Liberty Mutual Insurance • Octo Group S.p.A • AXA • Aviva

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