Financial Services & Insurance Research News

Usage-based Insurance Market is Growing at a CAGR of 36.4% forecast to 2022

Analyzing Stock Market Chart

Usage-based insurance (UBI) is a telematics-based insurance service in which premiums are based on driving behavior of consumers. Type of road used, braking, and cornering pattern are amongst the factors according to which the premiums are charged

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Usage-based insurance is a form of vehicle insurance, where the premiums are based on the type of road, distance covered, and driving behavior of consumers. It is also called telematics-based insurance and can either be Pay as You Drive, Pay How You Drive, or Manage How You Drive insurance, depending upon the comfort and preference of consumers.

This differs from traditional insurance, which attempts to differentiate and reward "safe" drivers, giving them lower premiums and/or a no-claims bonus. However, conventional differentiation is a reflection of history rather than present patterns of behaviour.

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This means that it may take a long time before safer (or more reckless) patterns of driving and changes in lifestyle feed through into premiums.

Top Manufacturer Detail-

Allianz SE, AXA S.A., Insure The Box Ltd., Progressive Corporation, Allstate Corporation, Desjardins Insurance, Generali group, Mapfre S.A., Metromile, and Aviva Plc. Other players in the value chain include Admiral Group Plc

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This Report covers the Major Players' data, including: shipment, revenue, gross profit, interview record, business distribution., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.

Besides, the report also covers segment data, including: type segment, industry segment. cover different segment market size.

Also cover different industries clients' information, which is very important for the Major Players.

Table of Contents 

1 Market Definition
1.1 Market Segment Overview
1.2 by Type
1.3 by End-Use / Application

2 Global Market by Vendors
2.1 Market Share
2.2 Vendor Profile
2.3 Dynamic of Vendors

3 Global Market by Type
3.1 Market Share
3.2 Introduction of End-Use by Different Products

4 Global Market by End-Use / Application
4.1 Market Share
4.2 Overview of Consumption Characteristics
4.2.1 Preference Driven
4.2.2 Substitutability
4.2.3 Influence by Strategy
4.2.4 Professional Needs

5 Global Market by Regions
5.1 Market Share
5.2 Regional Market Growth
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle East & Africa

8 Asia-Pacific Market
8.1 by Type
8.2 by End-Use / Application
8.3 by Regions

9 South America Market
9.1 by Type
9.2 by End-Use / Application
9.3 by Regions

10 Middle East & Africa Market
10.1 by Type
10.2 by End-Use / Application
10.3 by Regions

11 Market Forecast
11.1 Global Market Forecast
11.2 Market Forecast by Regions
11.3 Market Forecast by Type
11.4 Market Forecast by End-Use / Application

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