欧州と北米のテレマティクス保険 第7版

出版:Berg Insight(ベルグインサイト社) 出版年月:2023年10月

Insurance Telematics in Europe and North America – 7th Edition
欧州と北米のテレマティクス保険 第7版

ページ数250
図表数36
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種別英文調査報告書

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Insurance Telematics in Europe and North America – 7th Edition

Berg Insight(ベルグインサイト)「欧州と北米のテレマティクス保険 第7版 – Insurance Telematics in Europe and North America – 7th Edition」は欧州および北米におけるテレマティクス保険市場を調査し、テレマティクス保険の概況、地域別(欧州/北米)市場、市場予測・動向、主要企業情報を解説・分析しています。また5年予測結果も提供いたします。

主な掲載内容

  • 自動車市場
    • 欧州の自動車市場
    • 北米の自動車市場
    • 自動車保険
    • 欧州の自動車保険市場
    • 北米の自動車保険市場
  • テレマティクス保険ソリューション
    • テレマティクス保険概説
    • 利用ベース保険(UBI:Usage Based Insurance)と関連コンセプトおよび用途
    • テレマティクス保険のインフラストラクチャ
    • ビジネスモデル
  • 欧州の自動車市場
    • 地域別特性
    • テレマティクス保険ケーススタディ
  • 北米の自動車市場
    • 地域特性
    • テレマティクス保険のケーススタディ
  • 市場予測と動向
    • 市場分析
    • バリューチェーン分析
    • 市場成長促進要因と阻害要因
    • 今後の業界動向
  • 企業情報と戦略

Report Overview

Insurance Telematics in Europe and North America is the seventh strategy report from Berg Insight analysing the latest developments on the insurance telematics market. This strategic research report from Berg Insight provides you with 250 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

What are the latest trends on the Insurance telematics market? Berg Insight estimates that the total number of insurance telematics policies in force on the European market reached 13.6 million at the end of 2022. Growing at a compound annual growth rate of 8.9 percent, the number of active insurance telematics policies in Europe is estimated to reach 20.7 million by 2027. In North America, the total number of insurance telematics policies in force is forecasted to increase from an estimated 16.8 million policies at the end of 2022 to reach 29.2 million policies by 2027. Get up to date with the latest industry trends in this new 250-page strategy report from Berg Insight.

Highlights from the report:

  • Insights from 30 new executive interviews with market leading companies.
  • Comprehensive overview of the insurance telematics value chain and key applications.
  • In-depth analysis of market trends and key developments.
  • Case studies of 63 insurance telematics initiatives.
  • Summary of the involvement of vehicle OEMs and mobile operators.
  • New data on vehicle populations in Europe and North America.
  • Market forecasts by country lasting until 2027.

Europe and North America to reach 49.9 million insurance telematics policies by year-end 2027

The integration of telematics technology constitutes the latest revolution for the automotive insurance industry. The concept of telematics is a portmanteau of telecommunications – long-distance communications – and informatics – the science of information. Telematics in general thus refers to the collection of information related to remote objects such as vehicles via telecommunications networks. The introduction of telematics technology in the context of automotive insurance is commonly referred to as usage-based insurance (UBI) or insurance telematics. Solutions of this type generally enable automotive insurers to improve pricing mechanisms based on actual driving data, gain better control of claims and differentiate their offerings to current and prospective policyholders. Variants of insurance telematics which have been popularised over the years include behaviour-based pricing models such as Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD) and Manage-How-You-Drive (MHYD).

The addressable market for insurance telematics is significant. A total of around 338 million vehicles were in use in the EU+EFTA+UK in 2021, including over 294 million passenger cars. In North America, an estimated total of around 300 million vehicles were in use in 2021, out of which passenger cars and light trucks are estimated to represent around 283 million vehicles. Some kind of basic automotive insurance is mandatory in most developed countries and there are in addition a number of subcategories of insurance that provide coverage for different types of unforeseen events involving motor vehicles. Motor gross written premiums in EU22+3 reached a total of over € 140.9 billion in 2021. The equivalent number for North America was US$ 343.6 billion (€ 326.3 billion) in 2021.

欧州と北米のテレマティクス保険市場予測

The insurance telematics market is currently in a phase of growth which is expected to accelerate in the coming years. Europe and North America so far represent the vast majority of all insurance telematics programs and active policies from an international perspective, and the front-running national markets include the US, Italy, Canada, the UK and Germany. Berg Insight estimates that the total number of insurance telematics policies in force on the European market reached 13.6 million at the end of 2022. Growing at a compound annual growth rate of 8.9 percent, the number of insurance telematics policies in force in Europe is estimated to reach 20.7 million by 2027. In North America, the total number of insurance telematics policies in force is forecasted to increase from an estimated 16.8 million policies at the end of 2022 to reach 29.2 million policies by 2027, representing a compound annual growth rate of 11.7 percent.

In the US, the top three insurers in terms of UBI policies have all introduced smartphone-based solutions to supplement or replace the previously used OBD dongles. Several US and Canadian insurers have during the recent year re-assessed and re-launched their telematics programs. The North American insurance carriers are also exploring claims-related insurance telematics and many are adding distracted driving parameters in their UBI. The European insurance telematics market is still dominated by insurers in Italy and the UK, with an estimated 9.8 million and 1.3 million policies respectively. The market in Germany has grown considerably during 2022 and reached about 1.0 million telematics policies. Uptake on all other markets is considerably lower, with between 40,000 and 320,000 policies in the Nordics, Iberian Peninsula, France and Benelux, and Central and Eastern Europe.

The insurance telematics value chain spans multiple industries. Insurers with notable presence in the insurance telematics market include Progressive, UnipolSai, State Farm, Allstate, Generali, Allianz, HUK-Coburg, Admiral, AXA, Liberty Mutual, Intact and Insure The Box. Insurance players can either develop telematics programs independently or rely on partners to varying degrees. Smartphone-based telematics players have taken significant market shares during the past years. Leading vendors of smartphone-based insurance telematics solutions include Cambridge Mobile Telematics and Arity. Additional vendors include DriveQuant, OSeven Telematics, Sentiance and Telematics Technologies. Important telematics suppliers active in the insurance field include OCTO Telematics, Vodafone Automotive, Viasat Group, Targa Telematics, Redtail Telematics, IMS and The Floow. Other players on the insurance telematics market include Radius Telematics, Scope Technology, LexisNexis Risk Solutions, Verisk, CCC Information Services.

Automotive OEMs are increasingly taking an active part in the ecosystem. Examples include BMW, General Motors, Ford, Honda, Hyundai, Mercedes-Benz, Renault-Nissan-Mitsubishi, Stellantis, Tesla and Toyota.

Table of Contents

Executive Summary

1 The Automotive Market

1.1 The automotive market in Europe
1.1.1 Vehicles in use and car density
1.1.2 New car registrations and leading manufacturers
1.2 The automotive market in North America
1.2.1 Vehicles in use and car parc density
1.2.2 New car registrations and leading manufacturers
1.3 Automotive insurance
1.3.1 Basic insurance terminology and categorisations
1.3.2 The fundamentals of automotive insurance
1.3.3 Traditional automotive insurance risk rating and pricing criteria
1.3.4 Developments of the actuarial toolbox for motor insurers
1.4 The European automotive insurance market
1.5 The North American automotive insurance market

2 Insurance Telematics Solutions

2.1 Introduction to insurance telematics
2.1.1 The rationale for telematics-based insurance policy pricing
2.1.2 Brief history of insurance telematics offerings
2.2 Usage-based insurance and related concepts and applications
2.2.1 Manual reporting
2.2.2 Usage-based insurance telematics – PAYD, PHYD, MHYD and TBYB
2.2.3 Continuous and time-limited telematics data recording
2.2.4 Usage-based pricing vs. claims-related insurance telematics
2.2.5 Personal lines and commercial lines insurance telematics
2.2.6 Value-added services related to insurance telematics
2.3 Insurance telematics infrastructure
2.3.1 Vehicle segment
2.3.2 Insurer segment
2.3.3 End-user segment
2.3.4 Network segment
2.3.5 GNSS segment
2.4 Business models
2.4.1 In-house development
2.4.2 Leveraging telematics partners
2.4.3 Underwriting without direct client interaction

3 The European Insurance Telematics Market

3.1 Regional market characteristics
3.1.1 Italy
3.1.2 United Kingdom
3.1.3 Iberia
3.1.4 Austria
3.1.5 France
3.1.6 Benelux
3.1.7 Switzerland
3.1.8 The Nordics
3.1.9 Germany
3.1.10 Central and Eastern Europe
3.2 Insurance telematics case studies
3.2.1 More than 45 percent of the vehicles insured by UnipolSai feature a black box
3.2.2 Generali offers a wide portfolio of insurance telematics products
3.2.3 Smartphone-only solutions – a growth engine for Allianz’s telematics offerings
3.2.4 AXA offers its insurance telematics portfolio in multiple European countries
3.2.5 Admiral Group has multiple insurance telematics programs in Europe
3.2.6 Insure The Box has sold more than 1.0 million black box-based policies
3.2.7 Direct Line Group acquires pay-per-mile insurer By Miles
3.2.8 Aviva chooses device-based telematics in the UK
3.2.9 Zego launches behavioural based pricing for UK fleets
3.2.10 Ingenie targets drivers in the 17- to 44-year-old age bracket
3.2.11 Granite acquires Carrot Insurance from IMS
3.2.12 Ardonagh Group expands its UBI offering with Marmalade and Be Wiser
3.2.13 RSA offers UBI via 123GO
3.2.14 AbbeyAutoline (Prestige) renews ChilliDrive with Howden Driving Data
3.2.15 Markerstudy Group offers UBI through SmartDriverClub Insurance and Co-op
3.2.16 Stellantis has a long experience in UBI on the European market
3.2.17 Mercedes-Benz offers UBI in Germany
3.2.18 HUK-Coburg relaunched Telematik Plus in 2019
3.2.19 VHV’s Telematik Garant switched to a mobile based telematics solution
3.2.20 German insurer Signal Iduna shuts down its UBI program
3.2.21 EMIL powers pay-per-mile telematics products in Germany
3.2.22 DEVK implements Dolphin Technologies in its app-based telematics offering
3.2.23 UNIQA focuses on new IT infrastructure and leaves UBI
3.2.24 Groupama offers insurance telematics in multiple countries
3.2.25 Risk has launched several insurance telematics products in the Netherlands
3.2.26 MAPFRE provides insurance telematics products in Spain and the US
3.2.27 ÖSA and Sparkassen Versicherung offer eCall services in Germany
3.2.28 GDV launches eCall service with participating German insurers
3.2.29 Zavarovalnica Triglav brings UBI to Slovenia
3.2.30 PZU Group and Link4 offer telematics programs in Poland
3.2.31 CHERRISK rewards safe driving
3.2.32 HDI Global offers telematics solutions in the UK and Italy
3.2.33 Zurich invested in the UK telematics insurance provider MyPolicy in 2021
3.2.34 If Insurance has long experience of telematics in the Nordics
3.2.35 Paydrive leverages aftermarket and OEM telematics for UBI
3.2.36 VIS pioneers telematics insurance in Iceland

4 The North American Insurance Telematics Market

4.1 Regional market characteristics
4.1.1 United States
4.1.2 Canada
4.2 Insurance telematics case studies
4.2.1 Progressive is the UBI telematics pioneer in the US
4.2.2 State Farm works with CMT to enhance the Drive Safe & Save program
4.2.3 Allstate offers Drivewise and Milewise in the US
4.2.4 Liberty Mutual has a broad portfolio of telematics products
4.2.5 Desjardins offers a smartphone app for insurance telematics in Canada
4.2.6 Nationwide offers UBI based on OBD, smartphone and OEM telematics data
4.2.7 Farmers offers mobile-based insurance telematics from Driveway Software
4.2.8 Travelers acquires insurtech Trov
4.2.9 GEICO offers a smartphone-based telematics program in select US states
4.2.10 Toyota Insurance Management Solutions offers UBI in the US
4.2.11 CAA offers MyPace and Connect powered by OCTO Telematics
4.2.12 Root Insurance is a smartphone-based insurance company
4.2.13 USAA enhances insurance offering by acquiring UBI focused Noblr
4.2.14 Mobileye and Munich Re collaborate in Munich Re’s Smart Mobility program
4.2.15 Progressive has launched a second commercial UBI product
4.2.16 Nationwide offers commercial lines insurance telematics solutions
4.2.17 Philadelphia Insurance Companies offers fleet insurance telematics
4.2.18 True Mileage uses NFC and works with Ohio Mutual Insurance Group
4.2.19 Liberty Mutual strengthens UBI client base with State Auto acquisition
4.2.20 Ford, Hyundai, Honda and GM join Verisk Telematics Data Exchange
4.2.21 CMT powers multiple safe driving contests in the US
4.2.22 Intact discontinues its device-based program in favour of mobile solutions
4.2.23 Lemonade acquires Metromile
4.2.24 American Family Insurance offers three UBI programs
4.2.25 HDVI pioneers telematics UBI for fleets of semi-trailer trucks
4.2.26 Tesla to underwrite its own telematics insurance policies
4.2.27 Pouch and Mojio partner to offer fleet insurance to small businesses

5 Market Forecasts and Trends

5.1 Market analysis
5.1.1 Insurance telematics policies and penetration in Europe and North America
5.1.2 Form factor developments in Europe and North America
5.2 Value chain analysis
5.2.1 Insurance industry players
5.2.2 Telematics industry players
5.2.3 Automotive industry players
5.2.4 Telecom industry players
5.2.5 IT industry players
5.2.6 Mergers and acquisitions in the insurance telematics space
5.3 Market drivers and barriers
5.3.1 Macroeconomic environment
5.3.2 Regulatory environment
5.3.3 Competitive environment
5.3.4 Technology environment
5.4 Future industry trends
5.4.1 Continued broadening of the insurance telematics concept is expected
5.4.2 Insurers will embrace both UBI and claims-related insurance telematics
5.4.3 Formfactor shift to favour mobile devices
5.4.4 Connected cars pave the way for mass-marketisation of insurance telematics
5.4.5 Fleet insurance telematics to disrupt the fleet tracking market
5.4.6 Privacy concerns are softening across customer segments
5.4.7 Big Data: Ownership and portability of telematics data to be scrutinised
5.4.8 Insurance telematics aims to reduce distracted driving
5.4.9 Mobility trends provide new opportunities for telematics-based insurance
5.4.10 Vehicle diagnostics data from connected cars can create value for insurers
5.4.11 Outlook: Insurance telematics is growing rapidly in other regions
5.4.12 Pay-per-mile insurance programs are resurging
5.4.13 Insurers to explore other IoT verticals
5.4.14 The insurance telematics concept to be applicable for more vehicle types
5.4.15 Autonomous cars alter the playing field for motor insurance
5.4.16 Automotive OEMs bet on insurance telematics
5.4.17 Insurers begin to offer wider functionality in their app-based UBI solutions

6 Company Profiles and Strategies

6.1 Agero
6.2 Arity
6.3 Azuga
6.4 Brightmile
6.5 CalAmp
6.6 Cambridge Mobile Telematics
6.7 CCC Information Services
6.8 ClearScore
6.9 Dolphin Technologies
6.10 Earnix
6.11 FairConnect Group
6.12 Greater Than
6.13 Howden Driving Data (Howden Group)
6.14 IMS
6.15 Insure Telematics Solutions
6.16 Inzura
6.17 LexisNexis Risk Solutions
6.18 Meta System
6.19 Motix Connected
6.20 Movingdots (Powerfleet)
6.21 Munic Car Data
6.22 OCTO Telematics
6.23 OSeven Telematics
6.24 Quartix
6.25 Radius Telematics
6.26 Redtail Telematics
6.27 Sentiance
6.28 Scope Technology
6.29 Sycada
6.30 Targa Telematics
6.31 Telematics Technologies
6.32 The Floow
6.33 Trakm8
6.34 Verisk Analytics
6.35 Viasat Group
6.36 Vodafone Automotive
6.37 Webfleet
6.38 Zendrive

Glossary

List of Figures

Figure 1.1: Vehicles in use (EU+EFTA+UK 2021)…….. 5
Figure 1.2: Passenger car density per 1,000 inhabitants (EU+EFTA+UK 2021) … 6
Figure 1.3: Passenger car registrations by manufacturer (EU27+UK+EFTA 2022).. 7
Figure 1.4: Vehicles in use (North America 2021) …… 8
Figure 1.5: Passenger car registrations by manufacturer (North America 2022)…. 9
Figure 1.6: Motor insurance statistics (EU22+3 2021)…… 15
Figure 2.1: Distribution of fatal crashes by day of week and time of day (US 2020)… 20
Figure 2.2: Subcategories of usage-based insurance and insurance telematics …. 22
Figure 2.3: Schematic classification of insurance telematics ….. 28
Figure 2.4: Insurance telematics infrastructure overview…… 31
Figure 2.5: Examples of principal insurance telematics form factors ….. 32
Figure 2.6: Examples of feedback from Progressive’s smartphone app Snapshot …. 35
Figure 2.7: Example of a windscreen-mounted Bluetooth device from CMT….. 36
Figure 2.8: GDV-Stecker 12 V device provided by Bosch …. 37
Figure 2.9: Nextbase’s Dash Cam 522 GW and Rear Window Cam module….. 38
Figure 2.10: Schematic insurance telematics risk rating process …. 39
Figure 2.11: Web- and smartphone-based interfaces and dashboards for end-users .. 41
Figure 2.12: Telematics strategies for insurance providers ….. 45
Figure 3.1: Allianz’s top telematics markets (Q3-2023) ….. 71
Figure 3.2: Overview of the Your Portal interface for insurethebox policyholders…. 80
Figure 3.3: Marmalade Young Driver app and tag developed by CMT….. 88
Figure 3.4: Windscreen device and app from VHV…… 97
Figure 3.5: User interface of Sijox’s AppDrive ……. 98
Figure 3.6: The VOOROP dashboard on a desktop and smartphone….. 103
Figure 4.1: Progressive’s Snapshot OBD-II telematics device supplied by Xirgo .. 119
Figure 4.2: State Farm’s Bluetooth-beacon enhanced smartphone app … 120
Figure 4.3: Growth of Allstate’s UBI offer Drivewise (2011–2022) ….. 122
Figure 4.4: Travelers IntelliDrive……… 130
Figure 4.5: Mobileye 8 Connect including camera, GPS unit and EyeWatch display.. 134
Figure 5.1: Insurance telematics policies and penetration (Europe 2022–2027)… 152
Figure 5.2: Insurance telematics policies by country (North America 2022–2027)… 153
Figure 5.3: Distribution of insurance telematics form factors (Europe 2022–2027) .. 154
Figure 5.4: Distribution of insurance telematics form factors (North America 2022–2027)… 155
Figure 5.5: Key players in the insurance telematics value chain …. 156
Figure 5.6: Examples of telematics hardware providers serving the insurance space … 164
Figure 5.7: M&As in the insurance telematics space (2014–2023)…. 176