1 / 8

Usage-based Insurance Market

The usage-based insurance market for automotive is estimated to be USD 28.43 billion in 2018 and is projected to reach USD 95.81 billion by 2025, at a CAGR of 18.95% from 2018 to 2025. The increasing number of vehicles with telematics and connected car services and a reduction in insurance premiums as compared to regular insurance are projected to drive the usage-based insurance market.

AaronSmithh
Download Presentation

Usage-based Insurance Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Usage-based Insurance Market Usage-based Insurance Market worth $95.81 billion by 2025

  2. The Usage-based Insurance Market For Automotive Is Estimated To Be USD 28.43 Billion In 2018 And Is Projected To Reach USD 95.81 Billion By 2025, At A CAGR Of 18.95% From 2018 To 2025. The Increasing Number Of Vehicles With Telematics And Connected Car Services And A Reduction In Insurance Premiums As Compared To Regular Insurance Are Projected To Drive The Usage-based Insurance Market. https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=154621760 Download PDF Brochure

  3. Target audience of Usage-based insurance market target audience:Automotive cloud service providersAutomotive electronics hardware and software suppliersAutomotive insurance platform providersAutomotive insurance providersAutomotive original equipment manufacturersIn-vehicle telematics service providersRegional automotive insurance associations https://www.marketsandmarkets.com/requestsampleNew.asp?id=154621760 Request for Sample Report

  4. Increasing vehicle with telematics and connected car and reduction in insurance premium as compared to regular insurance would drive the americas usage-based insurance marketThe Americas is projected to lead the usage-based insurance market for automotive during the forecast period owing to the highest adoption rate of usage-based insurance for new and on-road vehicles equipped with either OBD-II or oe-fitted telematics unit. Most of the cars sold in north America, especially the US and Canada, belong to the premium segment. The dominance of premium cars increases the adoption rate of usage-based insurance as their regular insurance is very high. Through usage-based insurance, vehicle owners can save up to 30% on insurance premiums. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=154621760 Speak to analyst

  5. Global players:Progressive Corporation (US)Vodafone (UK), Allstate (US) Octo Telematics (UK)Tomtom (Netherlands)Allianz (Germany)AXA (France)Liberty Mutual (US)Verizon (US)Sierra Wireless (Canada). Early buyers will receive 10% customization on reports. Get 10 % Free Customization

  6. The report "usage-based insurance market for ICE & electric vehicle by package (PAYD, PHYD, MHYD), technology (OBD-II, smartphone, embedded system, black box), vehicle age (new, on-road), device offering (BYOD, company provided), and region - global forecast to 2025" This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments. https://www.marketsandmarkets.com/RequestBundleReport.asp?id=154621760 Request bundle reports

  7. MarketsandMarketsis the world’s no. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and smes at MarketsandMarkets are tracking global high growth markets following the "growth engagement model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=154621760 Buy Now

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441 sales@marketsandmarkets.com Mail Us @

More Related