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Global Usage Based Insurance Market Size study with COVID-19 impact, by Technology (Smartphone, On-board diagnostics (OBD)- II and Hybrid and Black-Box), by Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD) and Manage-How-You-Drive (MHYD)) and Regional Forecasts 2020-2027

  • BIZ3925661
  • 200 Pages
  • July 2020
  • BFSI
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Global Usage Based Insurance Market is valued approximately USD 24.00 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 23% over the forecast period 2020-2027. Usage based insurance offer insurance services as per the total miles a vehicle driver covers in a driving and other driving variable such as speed, site and behavior of the driver. Also, it relies on telematic instruments for collating automotive operating information which is helpful for insurance firm in evaluating the chargers of insurance policies efficiently and accurately, examining claims and restructure collisions for analyzing. The global pandemic of COVID-19 is expected to limit the growth of usage-based insurance market due to the announcement of lockdown in various economies which leads to the limited usage of vehicles. Also, production in automotive industry is hampered due to the COVID-19 pandemic which adversely affected the growth of usage-based insurance market. Telematics systems and connected cars offer accurate feedback of driving patterns and driver safety practices, providing insurance enterprises to dynamically change the cost of insurance based on the estimated risk. Therefore, rapid growth in connected cars and telematic systems is expected to drive the growth of market over the forecast years. For instance: as per Statista, the total number of connected cars in 2019 was 50 million units which is expected to increase with 76.3 million till 2023. In addition, reduction in insurance premium and risk-related cost are the factors propelling the growth of market over the forecast years. However, uncertainty over regulations & legislative environment is the factor hamper the growth of market.

The regional analysis of global Usage Based Insurance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing adoption of Mobility as a service and increasing collaborations between telematics and insurance companies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising production and sale of vehicles in the region would create lucrative growth prospects for the Usage Based Insurance Market across Asia-Pacific region.

Major market player included in this report are:

Allianz SE

AXA S.A.

Insure the Box Ltd

Progressive Corporation

Allstate Corporation.

Desjardins Insurance

Generali Group

Mapfre S.A.

Metromile

Aviva plc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Smartphone

On-board diagnostics (OBD)- II

Hybrid

Black-Box

By Type:

Pay-As-You-Drive (PAYD)

Pay-How-You-Drive (PHYD)

Manage-How-You-Drive (MHYD)

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027

Target Audience of the Global Usage Based Insurance Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Usage Based Insurance Market, by Region, 2018-2027 (USD Billion)

1.2.2. Usage Based Insurance Market, by Technology, 2018-2027 (USD Billion)

1.2.3. Usage Based Insurance Market, by Type, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Usage Based Insurance Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Usage Based Insurance Market Dynamics

3.1. Usage Based Insurance Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Market Challenges

3.1.3. Market Opportunities

Chapter 4. Global Usage Based Insurance Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Usage Based Insurance Market, by Technology

5.1. Market Snapshot

5.2. Global Usage Based Insurance Market by Technology, Performance - Potential Analysis

5.3. Global Usage Based Insurance Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)

5.4. Usage Based Insurance Market, Sub Segment Analysis

5.4.1. Smartphone

5.4.2. On-board diagnostics (OBD)- II

5.4.3. Hybrid

5.4.4. Black-Box

Chapter 6. Global Usage Based Insurance Market, by Type

6.1. Market Snapshot

6.2. Global Usage Based Insurance Market by Type, Performance - Potential Analysis

6.3. Global Usage Based Insurance Market Estimates & Forecasts by Type 2017-2027 (USD Billion)

6.4. Usage Based Insurance Market, Sub Segment Analysis

6.4.1. Pay-As-You-Drive (PAYD)

6.4.2. Pay-How-You-Drive (PHYD)

6.4.3. Manage-How-You-Drive (MHYD)

Chapter 7. Global Usage Based Insurance Market, Regional Analysis

7.1. Usage Based Insurance Market, Regional Market Snapshot

7.2. North America Usage Based Insurance Market

7.2.1. U.S. Usage Based Insurance Market

7.2.1.1. Technology breakdown estimates & forecasts, 2017-2027

7.2.1.2. Type breakdown estimates & forecasts, 2017-2027

7.2.2. Canada Usage Based Insurance Market

7.3. Europe Usage Based Insurance Market Snapshot

7.3.1. U.K. Usage Based Insurance Market

7.3.2. Germany Usage Based Insurance Market

7.3.3. France Usage Based Insurance Market

7.3.4. Spain Usage Based Insurance Market

7.3.5. Italy Usage Based Insurance Market

7.3.6. Rest of Europe Usage Based Insurance Market

7.4. Asia-Pacific Usage Based Insurance Market Snapshot

7.4.1. China Usage Based Insurance Market

7.4.2. India Usage Based Insurance Market

7.4.3. Japan Usage Based Insurance Market

7.4.4. Australia Usage Based Insurance Market

7.4.5. South Korea Usage Based Insurance Market

7.4.6. Rest of Asia Pacific Usage Based Insurance Market

7.5. Latin America Usage Based Insurance Market Snapshot

7.5.1. Brazil Usage Based Insurance Market

7.5.2. Mexico Usage Based Insurance Market

7.6. Rest of The World Usage Based Insurance Market

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies

8.2. Company Profiles

8.2.1. Allianz SE

8.2.1.1. Key Information

8.2.1.2. Overview

8.2.1.3. Financial (Subject to Data Availability)

8.2.1.4. Technology Summary

8.2.1.5. Recent Developments

8.2.2. AXA S.A.

8.2.3. Insure the Box Ltd

8.2.4. Progressive Corporation

8.2.5. Allstate Corporation.

8.2.6. Desjardins Insurance

8.2.7. Generali Group

8.2.8. Mapfre S.A.

8.2.9. Metromile

8.2.10. Aviva plc.

Chapter 9. Research Process

9.1. Research Process

9.1.1. Data Mining

9.1.2. Analysis

9.1.3. Market Estimation

9.1.4. Validation

9.1.5. Publishing

9.2. Research Attributes

9.3. Research Assumption

TABLE 1. Global Usage Based Insurance market, report scope

TABLE 2. Global Usage Based Insurance market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Usage Based Insurance market estimates & forecasts by Technology 2017-2027 (USD Billion)

TABLE 4. Global Usage Based Insurance market estimates & forecasts by Type 2017-2027 (USD Billion)

TABLE 5. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Usage Based Insurance market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. Global Usage Based Insurance market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. U.S. Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 22. U.S. Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. U.S. Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 24. Canada Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 25. Canada Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. Canada Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 27. UK Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 28. UK Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. UK Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 30. Germany Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 31. Germany Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. Germany Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 33. France Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 34. France Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. France Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 36. Spain Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 37. Spain Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Spain Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 39. Italy Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 40. Italy Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. Italy Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 42. ROE Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 43. ROE Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. ROE Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 45. China Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 46. China Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. China Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 48. India Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 49. India Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. India Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 51. Japan Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 52. Japan Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Japan Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 54. Australia Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 55. Australia Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 56. Australia Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 57. South Korea Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 58. South Korea Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 59. South Korea Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 60. ROPAC Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 61. ROPAC Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 62. ROPAC Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 63. Brazil Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 64. Brazil Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 65. Brazil Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 66. Mexico Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 67. Mexico Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 68. Mexico Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 69. ROLA Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 70. ROLA Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 71. ROLA Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 72. ROW Usage Based Insurance market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 73. ROW Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 74. ROW Usage Based Insurance market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 75. List of secondary sources, used in the study of global Usage Based Insurance market

TABLE 76. List of primary sources, used in the study of global Usage Based Insurance market

TABLE 77. Years considered for the study

TABLE 78. Exchange rates considered

 
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