Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
The Americas region is projected to be the largest market for usage-based insurance during the forecast period. The Americas has the highest adoption rate of usage-based insurance as compared to other regions owing to higher regular insurance premiums and high sales of premium D segment and light-duty vehicles. Apart from this, vehicles with telematics and connected car services are acting as a driving factor for the usage-based insurance market.
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In 2018, the global Automotive Usage-based Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Usage-based Insurance development in United States, Europe and China.
The key players covered in this study
Liberty Mutual Insurance
Intelligent Mechatronic Systems
Cambridge Mobile Telematics
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Market segment by Type, the product can be split into
Market segment by Application, split into
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players.
To present the Automotive Usage-based Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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