出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年10月
Usage-Based Insurance Market – Global Forecast to 2028
ICEおよび電気自動車向け利用ベース自動車保険（UBI）市場 : パッケージ (PAYD、PHYD、MHYD)、テクノロジー (OBD-II、組み込みテレマティクスボックス、スマートフォン)、車両 (新車、中古車)、提供デバイス (BYOD、会社提供)、地域別 – 2028年までの世界予測
Usage Based Insurance Market for ICE & Electric Vehicle, by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Embedded Telematics Box, Smartphone), Vehicle (New, Old), Device Offering (BYOD, Company Provided) and Region – Global Forecast to 2028
| ページ数 | 195 |
| 図表数 | 205 |
| 種別 | 英文調査報告書 |
| 価格 |
利用ベース自動車保険（UBI）の市場規模は2023年に306億ドル、予測期間に年平均成長率（CAGR）21.4％で成長し、2028年までに807億ドルに達すると予測されています。
MarketsandMarkets（マーケッツアンドマーケッツ）「ICEおよび電気自動車向け利用ベース自動車保険（UBI）市場 : パッケージ (PAYD、PHYD、MHYD)、テクノロジー (OBD-II、組み込みテレマティクスボックス、スマートフォン)、車両 (新車、中古車)、提供デバイス (BYOD、会社提供)、地域別 – 2028年までの世界予測 – Usage Based Insurance Market for ICE & Electric Vehicle, by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Embedded Telematics Box, Smartphone), Vehicle (New, Old), Device Offering (BYOD, Company Provided) and Region – Global Forecast to 2028」は内燃機関車（ICE車）と電気自動車（EV）向け利用ベース自動車保険（UBI）の世界市場を調査し、主要セグメント毎に分析・予測を行っています。
主な掲載内容
- 市場概観
- 市場力学
- 顧客ビジネスに影響を与える動向／ディスラプション
- 電気自動車が利用ベース自動車保険（UBI）へ与える影響
- ケーススタディ分析
- 主要国における車両保険の採用状況
- 特許分析
- バリューチェーン分析
- エコシステム分析
- 関税と法規制環境
- 主要ステークホルダーと購入基準
- 主要会議とイベント 2023-2024年
- 提供デバイス別利用ベース自動車保険市場
- BYOD（BRING YOUR OWN DEVICE）
- 会社提供
- 電気自動車タイプ別利用ベース自動車保険市場
- 電池式電気自動車（BEV）
- 燃料電池自動車（FCEV）
- プラグインハイブリッド車（PHEV）
- パッケージタイプ別利用ベース自動車保険市場
- 走行距離連動型（PAYD）
- 運転行動連動型（PHYD）
- 運転方法管理型（MHYD）
- 技術別利用ベース自動車保険市場
- 車載式故障診断装置（OBD-II）
- スマートフォン
- 組み込み型テレマティクスボックス
- 車両年数
- 新車
- 中古車
- 車両タイプ別利用ベース自動車保険市場
- 軽量車両
- 大型車両
- 地域別利用ベース自動車保険市場
- 北米
- 欧州
- アジア太平洋地域
- その他の地域（RoW）
- 競合環境
- 主要プレイヤの収益分析 2020年と2022年比較
- 企業評価マトリクス：利用ベース自動車保険会社
- 企業評価マトリクス：テレマティクスサービス提供会社
- 企業フットプリント
- 競合シナリオ
- 企業情報
- MarketsandMarketsの提言
- 付録
Report Overview
The usage-based insurance market is estimated to grow from USD 30.6 billion in 2023 to USD 80.7 billion by 2028 at a CAGR of 21.4% during the forecast period.
With the increased penetration of connected cars, which makes it easy to collect vehicle and driver data, usage based insurance is estimated to showcase steady growth in the coming years. Additionally, benefits offered by usage based insurance, such as personalized offerings, lower premiums, and greater control compared to conventional insurance, make it more preferred. Also, the trend for drivers to choose personalized insurance products has increased for individuals to save money on insurance premiums. Hence, these factors are driving the UBI market during the forecasted period.
“The OBD-II device segment is the fastest-growing segment in the usage based insurance market.”
Telematics solutions based on OBD continue to rule the usage based insurance (UBI) market today, where smartphone penetration seems to rise. OBD-II-based UBI programs are extensively used in personal auto insurance. OBD-II based UBI programs are extensively used in private auto insurance. The gadget connected to the OBD-II port keeps track of driving data such as mileage, speed, acceleration, and braking behaviors. The data is then used to build the insurance rates and personalized insurance choices. Embedded telematics box based UBI programs are extensively used in personal and commercial auto insurance. The devices come in four different versions: Bluetooth, Wi-Fi, 4S Shop error code clear tool, and telematics (GPS).
The OBD-II interface became popular in the US in 1996 as the US federal law amended regulations for equipping OBD-II devices in all vehicles. Later on, in January 2006, the OBD-II port was made compulsory in Australia & New Zealand. Miles had launched Miles Tracker, plugging into the port to gather the data. Mercedes Benz used Miles Tracker in European models to track the vehicle. Usage Based Insurance has become extremely popular since its introduction, especially since Progressive’s Snapshot program. The EOBD/OBD-II dongle has evolved into various solutions tailored to different rules, market needs, and market niches. Increased vehicle sales have indeed had a positive impact on the sales of OBD-II (On-Board Diagnostics II) devices. For instance, according to OICA, global production has increased by 6% in 2022 compared to 2021 (i.e., 85 million units). Thus, these factors drive the OBD-II device market in the UBI market.
“Pay As You Drive is dominating the UBI market by package type.”
“Pay as you drive” (PAYD) insurance is playing a pivotal role in driving the Usage-Based Insurance (UBI) market by revolutionizing the way of calculating the insurance premiums on the miles that are driven. PAYD technology monitors the driver’s behavior, such as their speed, distance traveled, and driving habits, and charges the insurance premiums based on actual usage and driving performance; PAYD encourages safer driving and rewards responsible behavior. This program appeals to conscientious drivers and provides insurers with more accurate risk assessment data, enabling them to offer tailored coverage and pricing. This enhances the competitiveness of insurance offerings, promotes road safety, and reduces environmental impact by encouraging reduced mileage and eco-friendly driving practices.
For Instance, Progressive Snapshot is a PAYD program that uses a small plug-in device to track how drivers drive. Progressive Snapshot participants can save up to 30% on their insurance premiums. Also, in 2020, ICICI Lombard (India) began providing telematics-based products with a Disclaimer, including “pay as you use” and “pay how you use.” Under the Regulatory Sandbox proposal, Pay How You Use (PHYU) (Sandbox application no. 173) is available as an experiment from 1st February 2020 to 31st January 2021. This program is saving environmental hazards by reducing vehicle emissions by encouraging drivers to drive less and greener. Due to this, the number of accidental cases has reduced as people drive less and avoid the associated risk. As consumers increasingly seek customized insurance solutions, PAYD drives the UBI market by aligning insurance pricing with actual driving habits and preferences, ultimately benefiting insurers and policyholders.
“Europe is the second fastest growing market.”
Due to a confluence of factors, Europe has emerged as the second fastest-growing region for the usage based insurance market. The region benefits from solid regulatory support, with governments and regulatory bodies actively endorsing UBI initiatives to promote road safety and incentivize insurers. In May 2019, the European governing body implemented a guidance named “European Data Protection Board” (EDPB) for the data privacy of the customers for many industries, including the automotive sector.
Europe boasts a well-established telematics infrastructure, with a significant portion of vehicles equipped with advanced telematics systems, facilitating the adoption of UBI programs. According to the European Commission report 2023, around USD 189 billion has been invested in digital technologies which contain Artificial Intelligence (AI), robotics, and new materials for which 28 new projects were selected in March 2023. These investments have helped the UBI companies develop new applications (AI, Blockchain, Machine learning) to gather information about drivers’ behavior and set insurance prices. Also, urban congestion, traffic safety concerns, and environmental priorities have further driven interest in UBI to encourage safer and eco-friendly driving behaviors. The European region has set ambitious targets to reduce vehicle emissions in the coming years. For example, the EU aims to reduce CO2 emissions from new passenger cars by 55% by 2030 and 100% by 2035. This regulation has led to the adoption of telematics vehicles to monitor vehicle performance and inform drivers to improve their driving habits. Also, several new UBI players are emerging in Europe. These players offer innovative UBI products and services tailored to European consumers’ needs. Companies like Root Insurance, Insurance, VouchForMe, Inshur, and Fair, etc. are the emerging players in the UBI market in Europe, which has increased the competition in the market, and this is helping to drive down prices and improve the quality of UBI products and services. The European UBI market is expected to multiply in the coming years.
The break-up of the profile of primary participants in the automotive tire market:
By Companies: Tier 1 – 100%, OEMs – 0%
By Designation: Directors- 30%, C-Level Executives – 50%, Manager level – 20%
By Region: North America – 70%, APAC – 20% and MEA – 10%
Global players dominate the usage-based insurance market and comprise several regional players. The key players in the usage-based market are UnipolSai Assicurazioni S.p.A (Italy), Progressive Casualty Insurance Company (US), Allstate Insurance Company (US), State Farm Automobile Mutual Insurance Company (US), Liberty Mutual Insurance Company (US), AXA (France), Assicurazioni Generali (Italy), Allianz (Germany), Webfleet Solutions (The Netherlands), Verizon (US).
Research Coverage:
This Research Report Categorizes usage-based insurance by package type [Pay As You Drive (PAYD), Pay How You Drive (PHYD), and Manage How You Drive (MHYD)], by technology (OBD-II, smartphone, embedded telematics box and other technologies), by vehicle type (light-duty and heavy-duty vehicle), by vehicle age (new and old vehicles), by device offering type (bring your own device (BYOD) and company provided), by electric vehicle type (BEV, PHEV, and FCEV), and by Region (Asia Pacific, Europe, North America, and Rest of the World).
The report’s scope covers detailed information regarding the major factors, such as influencing factors for the growth of the usage based insurance market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, recession impact, and recent developments associated with the automotive tire market.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall usage based insurance market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Increasing adoption of telematics and connected cars, and Increasing adoption of telematics and connected cars), restraints (Increasing adoption of telematics and connected cars), opportunities (Increasing adoption of telematics and connected cars), and challenges (Increasing adoption of telematics and connected cars, Increasing adoption of telematics and connected cars, and Increasing adoption of telematics and connected cars) influencing the growth of the usage based insurance market.
• Product Development/Innovation: Detailed insights on upcoming technologies, and new product & service launches in the usage based insurance market.
• Market Development: Comprehensive information about the markets – the report analyses the authentication and brand protection market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in usage based insurance market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like (UnipolSai Assicurazioni S.p.A (Italy), Progressive Casualty Insurance Company (US), Allstate Insurance Company (US), State Farm Automobile Mutual Insurance Company (US), and Liberty Mutual Insurance Company (US) among others in usage based insurance market.
Table of Contents
1 INTRODUCTION 19
1.1 STUDY OBJECTIVES 19
1.2 MARKET DEFINITION 19
TABLE 1 INCLUSIONS AND EXCLUSIONS 20
1.3 MARKET SCOPE 20
FIGURE 1 USAGE-BASED INSURANCE MARKET SEGMENTATION 20
1.3.1 REGIONS COVERED 21
1.4 YEARS CONSIDERED 21
1.5 CURRENCY CONSIDERED 21
1.6 STAKEHOLDERS 22
1.7 SUMMARY OF CHANGES 22
1.7.1 RECESSION IMPACT 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
FIGURE 2 USAGE-BASED INSURANCE MARKET: RESEARCH DESIGN 23
FIGURE 3 RESEARCH DESIGN MODEL 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key secondary sources for vehicle sales 25
2.1.1.2 Key secondary sources for market sizing 25
2.1.1.3 Key data from secondary sources 26
2.1.2 PRIMARY DATA 27
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 27
2.1.2.1 Sampling techniques and data collection methods 28
2.1.2.2 Primary interview participants 28
2.2 MARKET SIZE ESTIMATION 29
2.2.1 BOTTOM-UP APPROACH 29
FIGURE 5 USAGE-BASED INSURANCE MARKET: BY VEHICLE TYPE, VEHICLE AGE, AND PACKAGE TYPE 30
2.2.2 TOP-DOWN APPROACH 30
FIGURE 6 USAGE-BASED INSURANCE MARKET: BY TECHNOLOGY AND DEVICE OFFERING 30
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 31
FIGURE 7 DATA TRIANGULATION 31
2.4 FACTOR ANALYSIS 32
2.5 RESEARCH ASSUMPTIONS AND RISKS (GLOBAL) 32
2.6 RESEARCH ASSUMPTIONS AND RISKS (BY SEGMENT) 33
2.7 RESEARCH LIMITATIONS 34
2.8 RECESSION IMPACT 35
3 EXECUTIVE SUMMARY 36
FIGURE 8 USAGE-BASED INSURANCE MARKET OUTLOOK 36
FIGURE 9 USAGE-BASED INSURANCE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 37
4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN USAGE-BASED INSURANCE MARKET 39
FIGURE 10 INCREASING ADOPTION OF TELEMATICS AND CONNECTED CAR SERVICES TO DRIVE USAGE-BASED INSURANCE MARKET 39
4.2 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE 39
FIGURE 11 LDV SEGMENT TO HOLD LARGER MARKET SHARE BY 2028 39
4.3 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE 40
FIGURE 12 OLD VEHICLE SEGMENT TO HOLD LARGER MARKET SHARE BY 2028 40
4.4 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE 40
FIGURE 13 PAYD PACKAGE TYPE TO DOMINATE MARKET BY 2028 40
4.5 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY 41
FIGURE 14 EMBEDDED TELEMATICS BOX TO COMMAND LARGEST MARKET SHARE BY 2028 41
4.6 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING 41
FIGURE 15 COMPANY-PROVIDED DEVICES TO BE LARGER SEGMENT BY 2028 41
4.7 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE (EV) TYPE 42
FIGURE 16 BEV SEGMENT TO HOLD LARGEST MARKET SHARE BY 2028 42
4.8 USAGE-BASED INSURANCE MARKET, BY REGION 42
FIGURE 17 NORTH AMERICA TO DOMINATE MARKET DURING FORECAST PERIOD 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 44
FIGURE 18 USAGE-BASED INSURANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 44
5.2.1 DRIVERS 44
5.2.1.1 Increasing adoption of telematics and connected cars 44
FIGURE 19 CONNECTED CAR MARKET SIZE, 2019 VS. 2026 (USD BILLION) 45
FIGURE 20 AUTOMOTIVE TELEMATICS MARKET SIZE, 2022 VS. 2027 (USD BILLION) 45
5.2.1.2 Reduction in insurance premium and risk-related costs 46
5.2.2 RESTRAINTS 46
5.2.2.1 Ambiguity over regulations and legislative environments 46
5.2.3 OPPORTUNITIES 46
5.2.3.1 Developing automotive usage-based insurance ecosystem 46
5.2.4 CHALLENGES 47
5.2.4.1 Data privacy 47
TABLE 2 TOP AUTOMOTIVE ATTACK VECTORS, 2022 47
5.2.4.2 Lack of common framework for all services and devices 47
5.2.4.3 Need for transparency and accountability 48
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 48
5.3.1 REVENUE SHIFT IN USAGE-BASED INSURANCE MARKET 48
5.4 TECHNOLOGY ANALYSIS 49
5.4.1 PROGRESSIVE: LAUNCH OF FLO CHATBOT FOR UBI USERS 49
5.4.2 METROMILE: SMARTPHONE FOR CALCULATING DRIVER BEHAVIOR 49
5.4.3 PROGRESSIVE: USAGE-BASED INSURANCE AND FLEET MANAGEMENT PROGRAMS FOR BUSINESS OWNERS 49
5.4.4 WEBFLEET SOLUTIONS AND LYTX: COLLABORATION TO OFFER INTEGRATED VIDEO-BASED SOLUTION FOR ENHANCED DRIVER AND VEHICLE SAFETY 49
5.4.5 TELEMATICS TECHNOLOGY 50
5.4.6 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) 50
5.4.7 BIG DATA ANALYTICS 51
5.4.8 DATA MONETIZATION 51
5.5 IMPACT OF ELECTRIC VEHICLES ON USAGE-BASED INSURANCE MARKET 52
5.6 CASE STUDY ANALYSIS 52
5.6.1 HAPPIEST MINDS (INDIA) CASE STUDY 52
5.6.2 BRITISH AMERICAN TOBACCO (BAT) 53
5.6.3 AMALINE 53
5.7 ADOPTION OF VEHICLE INSURANCE IN KEY COUNTRIES 54
FIGURE 21 VEHICLES INSURED IN KEY COUNTRIES, 2022 (%) 54
5.8 PATENT ANALYSIS 55
TABLE 3 IMPORTANT INNOVATIONS AND PATENTS, 2020–2023 55
5.9 VALUE CHAIN ANALYSIS 58
FIGURE 22 USAGE-BASED INSURANCE MARKET: VALUE CHAIN ANALYSIS 58
5.10 ECOSYSTEM ANALYSIS 60
FIGURE 23 USAGE-BASED INSURANCE MARKET: ECOSYSTEM ANALYSIS 60
5.11 AVERAGE AUTOMOTIVE INSURANCE PREMIUM ANALYSIS 61
TABLE 4 AVERAGE AUTOMOTIVE INSURANCE PREMIUM ANALYSIS, BY REGION, 2022 (USD) 61
5.12 TARIFF AND REGULATORY LANDSCAPE 61
TABLE 5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 62
5.13.1 BUYING CRITERIA 62
FIGURE 24 KEY BUYING CRITERIA FOR SELECTING USAGE-BASED INSURANCE COMPANY 62
TABLE 6 KEY BUYING CRITERIA FOR USAGE-BASED INSURANCE 63
5.13.2 KEY STAKEHOLDERS IN BUYING PROCESS, BY VEHICLE TYPE 64
TABLE 7 KEY STAKEHOLDERS IN BUYING PROCESS FOR VEHICLE TYPES 64
5.14 KEY CONFERENCES AND EVENTS, 2023–2024 64
TABLE 8 USAGE-BASED INSURANCE MARKET: KEY CONFERENCES AND EVENTS 64
6 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING 65
6.1 INTRODUCTION 66
6.1.1 PRIMARY INSIGHTS 66
FIGURE 25 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2023 VS. 2028 (USD BILLION) 66
TABLE 9 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2019–2022 (USD MILLION) 67
TABLE 10 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2023–2028 (USD MILLION) 67
6.2 BRING YOUR OWN DEVICE (BYOD) 67
6.2.1 GROWING DEMAND FOR SMARTPHONE UBI TECHNOLOGY TO DRIVE MARKET 67
TABLE 11 BYOD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 68
TABLE 12 BYOD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 68
6.3 COMPANY PROVIDED 68
6.3.1 INCREASING NUMBER OF VEHICLES WITH ADVANCED SAFETY FEATURES TO DRIVE MARKET 68
TABLE 13 IN-BUILT TELEMATICS OFFERED IN NEW VEHICLE LAUNCHES, 2022–2023 68
TABLE 14 COMPANY PROVIDED: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 69
TABLE 15 COMPANY PROVIDED: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 69
7 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE TYPE 70
7.1 INTRODUCTION 71
7.1.1 PRIMARY INSIGHTS 71
FIGURE 26 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2028 (USD MILLION) 72
TABLE 16 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE, 2019–2022 (USD MILLION) 72
TABLE 17 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE, 2023–2028 (USD MILLION) 72
7.2 BATTERY ELECTRIC VEHICLE (BEV) 73
7.2.1 INCREASING BEV SALES AND OPPORTUNITIES TO REDUCE AVERAGE PREMIUM TO DRIVE MARKET 73
TABLE 18 BEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 73
TABLE 19 BEV: USAGE-BASED INSURANCE MARKET SIZE, BY REGION, 2023–2028 (USD MILLION) 73
7.3 FUEL-CELL ELECTRIC VEHICLE (FCEV) 74
7.3.1 ATTRACTIVE GOVERNMENT POLICIES TO PROMOTE FCEVS TO DRIVE MARKET 74
TABLE 20 FCEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 74
TABLE 21 FCEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 74
7.4 PLUG-IN HYBRID VEHICLE (PHEV) 75
7.4.1 INCREASING SALES OF PHEVS EQUIPPED WITH TELEMATICS TO DRIVE MARKET 75
TABLE 22 PHEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 75
TABLE 23 PHEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 75
8 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE 76
8.1 INTRODUCTION 77
8.1.1 PRIMARY INSIGHTS 77
FIGURE 27 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023 VS. 2028 (USD BILLION) 77
TABLE 24 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 78
TABLE 25 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 78
8.2 PAY-AS-YOU-DRIVE (PAYD) 78
8.2.1 COST-EFFECTIVENESS AND FASTER CLAIMS SETTLEMENT TO DRIVE MARKET 78
TABLE 26 PAYD PROGRAM LAUNCHES, 2021–2023 79
TABLE 27 PAYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 79
TABLE 28 PAYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 79
8.3 PAY-HOW-YOU-DRIVE (PHYD) 80
8.3.1 INCREASING SALES OF VEHICLES EQUIPPED WITH TELEMATICS TO DRIVE MARKET 80
TABLE 29 PHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 80
TABLE 30 PHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 80
8.4 MANAGE-HOW-YOU-DRIVE (MHYD) 81
8.4.1 HIGH ADOPTION IN NORTH AMERICA AND EUROPE COMPARED TO ASIA PACIFIC TO DRIVE MARKET 81
TABLE 31 MHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 81
TABLE 32 MHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 81
9 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY 82
9.1 INTRODUCTION 83
9.1.1 PRIMARY INSIGHTS 83
FIGURE 28 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD BILLION) 84
TABLE 33 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 84
TABLE 34 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 84
9.2 OBD-II 85
9.2.1 HIGH RELIABILITY AND CUSTOMER ACCEPTANCE TO DRIVE MARKET 85
TABLE 35 OBD-II: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 85
TABLE 36 OBD-II: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 85
9.3 SMARTPHONE 86
9.3.1 COST-EFFECTIVENESS AND USER CONVENIENCE TO DRIVE MARKET 86
TABLE 37 SMARTPHONE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 86
TABLE 38 SMARTPHONE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 86
9.4 EMBEDDED TELEMATICS BOX 87
9.4.1 INCREASING NUMBER OF CONNECTED CARS TO DRIVE MARKET 87
TABLE 39 EMBEDDED TELEMATICS BOX: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 87
TABLE 40 EMBEDDED TELEMATICS BOX: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 87
9.5 OTHER TECHNOLOGIES 88
TABLE 41 OTHER TECHNOLOGIES: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 88
TABLE 42 OTHER TECHNOLOGIES: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 88
10 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE 89
10.1 INTRODUCTION 90
10.1.1 PRIMARY INSIGHTS 90
FIGURE 29 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2023 VS. 2028 (USD BILLION) 90
TABLE 43 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2019–2022 (USD MILLION) 91
TABLE 44 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2023–2028 (USD MILLION) 91
10.2 NEW VEHICLE 91
10.2.1 INCREASING SALES OF VEHICLES WITH TELEMATICS TO DRIVE MARKET 91
TABLE 45 NEW VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 91
TABLE 46 NEW VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 92
10.3 OLD VEHICLE 92
10.3.1 VARIOUS BENEFITS OFFERED BY UBI PROGRAMS TO DRIVE MARKET 92
TABLE 47 OLD VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 48 OLD VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 93
11 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE 94
11.1 INTRODUCTION 95
11.1.1 PRIMARY INSIGHTS 95
FIGURE 30 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD BILLION) 95
TABLE 49 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2019–2022 (USD MILLION) 96
TABLE 50 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION) 96
11.2 LIGHT-DUTY VEHICLE (LDV) 96
11.2.1 ADVANCEMENTS IN CONNECTED CAR TECHNOLOGIES AND TELEMATICS SERVICES TO DRIVE MARKET 96
TABLE 51 LDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 97
TABLE 52 LDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 97
11.3 HEAVY-DUTY VEHICLE (HDV) 97
11.3.1 INCREASING SALES OF HDVS TO DRIVE MARKET 97
TABLE 53 HDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 98
TABLE 54 HDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 98
12 SAGE-BASED INSURANCE MARKET, BY REGION 99
12.1 INTRODUCTION 100
12.1.1 PRIMARY INSIGHTS 100
FIGURE 31 USAGE-BASED INSURANCE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 100
TABLE 55 USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION) 101
TABLE 56 USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 101
12.2 NORTH AMERICA 102
FIGURE 32 NORTH AMERICA: USAGE-BASED INSURANCE MARKET SNAPSHOT 102
12.2.1 RECESSION IMPACT 103
TABLE 57 NORTH AMERICA: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 103
TABLE 58 NORTH AMERICA: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 103
12.2.2 US 104
12.2.2.1 Growing popularity of mobile telematics to drive market 104
TABLE 59 US: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 104
TABLE 60 US: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 104
12.2.3 CANADA 105
12.2.3.1 Presence of established market players to drive market 105
TABLE 61 CANADA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 105
TABLE 62 CANADA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 105
12.2.4 MEXICO 106
12.2.4.1 Increasing sales of premium vehicles to drive market 106
TABLE 63 MEXICO: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 106
TABLE 64 MEXICO: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 106
12.3 EUROPE 107
FIGURE 33 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023 VS. 2028 (USD BILLION) 107
12.3.1 RECESSION IMPACT 108
TABLE 65 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 108
TABLE 66 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 108
12.3.2 ITALY 109
12.3.2.1 Presence of major UBI providers to drive market 109
TABLE 67 ITALY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 109
TABLE 68 ITALY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 109
12.3.3 UK 110
12.3.3.1 Demand for connected cars to drive market 110
TABLE 69 UK: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 110
TABLE 70 UK: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 110
12.3.4 GERMANY 111
12.3.4.1 New telematics-based product launches to drive market 111
TABLE 71 GERMANY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 111
TABLE 72 GERMANY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 111
12.3.5 FRANCE 112
12.3.5.1 Increasing demand for fleet management to drive market 112
TABLE 73 FRANCE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 112
TABLE 74 FRANCE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 112
12.3.6 SPAIN 113
12.3.6.1 High penetration of telematics in LCV fleet to drive market 113
TABLE 75 SPAIN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 113
TABLE 76 SPAIN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 113
12.3.7 RUSSIA 114
12.3.7.1 Increasing demand for safety features such as anti-theft to drive market 114
TABLE 77 RUSSIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 114
TABLE 78 RUSSIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 114
12.3.8 REST OF EUROPE 115
TABLE 79 REST OF EUROPE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 115
TABLE 80 REST OF EUROPE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 115
12.4 ASIA PACIFIC 116
FIGURE 34 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET SNAPSHOT 116
12.4.1 RECESSION IMPACT 117
TABLE 81 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 117
TABLE 82 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 117
12.4.2 CHINA 118
12.4.2.1 Increasing focus on IoT to drive market 118
TABLE 83 CHINA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 118
TABLE 84 CHINA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 118
12.4.3 JAPAN 119
12.4.3.1 Increasing number of vehicles with OE-fitted telematics units to drive market 119
TABLE 85 JAPAN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 119
TABLE 86 JAPAN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 119
12.4.4 SOUTH KOREA 120
12.4.4.1 Presence of robust telecommunications infrastructure and mobile communications technology to drive market 120
TABLE 87 SOUTH KOREA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 120
TABLE 88 SOUTH KOREA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 120
12.4.5 INDIA 121
12.4.5.1 Increasing sales of vehicles with telematics units to drive market 121
TABLE 89 INDIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 121
TABLE 90 INDIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 121
12.4.6 REST OF ASIA PACIFIC 122
TABLE 91 REST OF ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 122
TABLE 92 REST OF ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 122
12.5 REST OF THE WORLD 123
FIGURE 35 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, 2023 VS. 2028 (USD MILLION) 123
12.5.1 RECESSION IMPACT 123
TABLE 93 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 123
TABLE 94 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 124
12.5.2 BRAZIL 124
12.5.2.1 Popularity of embedded telematics to drive market 124
TABLE 95 BRAZIL: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 124
TABLE 96 BRAZIL: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 124
12.5.3 SOUTH AFRICA 125
12.5.3.1 Safety concerns such as hijacking to drive market 125
TABLE 97 SOUTH AFRICA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 125
TABLE 98 SOUTH AFRICA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 125
12.5.4 OTHER COUNTRIES 126
TABLE 99 OTHER COUNTRIES: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION) 126
TABLE 100 OTHER COUNTRIES: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION) 126
13 COMPETITIVE LANDSCAPE 127
13.1 OVERVIEW 127
FIGURE 36 MARKET SHARE ANALYSIS, 2022 127
13.2 REVENUE ANALYSIS OF KEY PLAYERS, 2020 VS. 2022 129
FIGURE 37 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020 VS. 2022 129
13.3 COMPANY EVALUATION MATRIX – USAGE BASED INSURANCE PROVIDERS 130
13.3.1 STARS 130
13.3.2 EMERGING LEADERS 130
13.3.3 PERVASIVE PLAYERS 130
13.3.4 PARTICIPANTS 130
FIGURE 38 COMPANY EVALUATION MATRIX: (USAGE BASED INSURANCE PROVIDERS), 2022 131
13.4 COMPANY EVALUATION MATRIX (TELEMATICS SERVICE PROVIDERS) 132
13.4.1 STARS 132
13.4.2 EMERGING LEADERS 132
13.4.3 PERVASIVE PLAYERS 132
13.4.4 PARTICIPANTS 132
FIGURE 39 COMPANY EVALUATION MATRIX (TELEMATICS SERVICE PROVIDERS), 2022 133
13.5 COMPANY FOOTPRINT 134
TABLE 101 COMPANY PRODUCT FOOTPRINT OF KEY PLAYERS 134
TABLE 102 PARTNERSHIP OF OEMS AND UBI SERVICE PROVIDERS 135
13.6 COMPETITIVE SCENARIO 136
TABLE 103 KEY STRATEGIES ADOPTED BY MARKET PLAYERS 136
13.6.1 PRODUCT DEVELOPMENTS 138
TABLE 104 PRODUCT DEVELOPMENTS, 2022–2023 138
13.6.2 DEALS 139
TABLE 105 DEALS, 2022 139
13.6.3 OTHERS 140
TABLE 106 OTHERS, 2022 140
14 COMPANY PROFILES 141
(Business overview, Products offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 141
14.1.1 UNIPOLSAI ASSICURAZIONI S.P.A 141
TABLE 107 UNIPOLSAI ASSICURAZIONI S.P.A: COMPANY OVERVIEW 141
FIGURE 40 UNIPOLSAI ASSICURAZIONI S.P.A: COMPANY SNAPSHOT 141
TABLE 108 UNIPOLSAI ASSICURAZIONI S.P.A: PRODUCTS OFFERED 142
TABLE 109 UNIPOLSAI ASSICURAZIONI S.P.A: PRODUCT DEVELOPMENTS 142
TABLE 110 UNIPOLSAI ASSICURAZIONI S.P.A: DEALS 143
14.1.2 PROGRESSIVE CASUALTY INSURANCE COMPANY 145
TABLE 111 PROGRESSIVE CASUALTY INSURANCE COMPANY: COMPANY OVERVIEW 145
FIGURE 41 PROGRESSIVE CASUALTY INSURANCE COMPANY: COMPANY SNAPSHOT 145
TABLE 112 PROGRESSIVE CASUALTY INSURANCE COMPANY: PRODUCTS OFFERED 146
TABLE 113 PROGRESSIVE CASUALTY INSURANCE COMPANY: PRODUCT DEVELOPMENTS 146
TABLE 114 PROGRESSIVE CASUALTY INSURANCE COMPANY: DEALS 146
14.1.3 ALLSTATE INSURANCE COMPANY 148
TABLE 115 ALLSTATE INSURANCE COMPANY: COMPANY OVERVIEW 148
FIGURE 42 ALLSTATE INSURANCE COMPANY: COMPANY SNAPSHOT 148
TABLE 116 ALLSTATE INSURANCE COMPANY: PRODUCTS OFFERED 149
TABLE 117 ALLSTATE INSURANCE COMPANY: PRODUCT DEVELOPMENTS 149
TABLE 118 ALLSTATE INSURANCE COMPANY: DEALS 149
14.1.4 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY 151
TABLE 119 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: COMPANY OVERVIEW 151
FIGURE 43 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: COMPANY SNAPSHOT 151
TABLE 120 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: PRODUCTS OFFERED 152
TABLE 121 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: PRODUCT DEVELOPMENTS 152
TABLE 122 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: DEALS 152
14.1.5 LIBERTY MUTUAL INSURANCE COMPANY 154
TABLE 123 LIBERTY MUTUAL INSURANCE COMPANY: COMPANY OVERVIEW 154
FIGURE 44 LIBERTY MUTUAL INSURANCE COMPANY: COMPANY SNAPSHOT 154
TABLE 124 LIBERTY MUTUAL INSURANCE COMPANY: PRODUCTS OFFERED 155
TABLE 125 LIBERTY MUTUAL INSURANCE COMPANY: DEALS 155
14.1.6 AXA 157
TABLE 126 AXA: COMPANY OVERVIEW 157
FIGURE 45 AXA: COMPANY SNAPSHOT 158
TABLE 127 AXA: PRODUCTS OFFERED 158
TABLE 128 AXA: DEALS 159
14.1.7 ASSICURAZIONI GENERALI S.P.A 160
TABLE 129 ASSICURAZIONI GENERALI S.P.A: COMPANY OVERVIEW 160
FIGURE 46 ASSICURAZIONI GENERALI S.P.A: COMPANY SNAPSHOT 161
TABLE 130 ASSICURAZIONI GENERALI S.P.A: PRODUCTS OFFERED 161
TABLE 131 ASSICURAZIONI GENERALI S.P.A: DEALS 162
14.1.8 ALLIANZ 163
TABLE 132 ALLIANZ: COMPANY OVERVIEW 163
FIGURE 47 ALLIANZ: COMPANY SNAPSHOT 164
TABLE 133 ALLIANZ: PRODUCTS OFFERED 164
14.1.9 WEBFLEET SOLUTIONS 165
TABLE 134 WEBFLEET SOLUTIONS: COMPANY OVERVIEW 165
FIGURE 48 WEBFLEET SOLUTIONS: COMPANY SNAPSHOT 165
TABLE 135 WEBFLEET SOLUTIONS: PRODUCTS OFFERED 166
TABLE 136 WEBFLEET SOLUTIONS: DEALS 166
14.1.10 VERIZON 167
TABLE 137 VERIZON: COMPANY OVERVIEW 167
FIGURE 49 VERIZON: COMPANY SNAPSHOT 167
TABLE 138 VERIZON: PRODUCTS OFFERED 168
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 169
14.2.1 NATIONWIDE MUTUAL INSURANCE COMPANY 169
TABLE 139 NATIONWIDE MUTUAL INSURANCE COMPANY: COMPANY OVERVIEW 169
14.2.2 ZUBIE, INC. 169
TABLE 140 ZUBIE, INC.: COMPANY OVERVIEW 169
14.2.3 CAMBRIDGE MOBILE TELEMATICS 170
TABLE 141 CAMBRIDGE MOBILE TELEMATICS: COMPANY OVERVIEW 170
14.2.4 MODUS GROUP, LLC 170
TABLE 142 MODUS GROUP, LLC: COMPANY OVERVIEW 170
14.2.5 METROMILE, INC. 171
TABLE 143 METROMILE, INC.: COMPANY OVERVIEW 171
14.2.6 AMICA 171
TABLE 144 AMICA: COMPANY OVERVIEW 171
14.2.7 SIERRA WIRELESS 172
TABLE 145 SIERRA WIRELESS: COMPANY OVERVIEW 172
14.2.8 OCTO GROUP S.P.A 173
TABLE 146 OCTO GROUP S.P.A: COMPANY OVERVIEW 173
14.2.9 TRAK GLOBAL GROUP 174
TABLE 147 TRAK GLOBAL GROUP: COMPANY OVERVIEW 174
14.2.10 INSURE THE BOX LIMITED 175
TABLE 148 INSURE THE BOX LIMITED: COMPANY OVERVIEW 175
14.2.11 MAPFRE 175
TABLE 149 MAPFRE: COMPANY OVERVIEW 175
14.2.12 THE FLOOW LIMITED 176
TABLE 150 THE FLOOW LIMITED: COMPANY OVERVIEW 176
14.2.13 ONSTAR, LLC. (GENERAL MOTORS) 177
TABLE 151 ONSTAR, LLC. (GENERAL MOTORS): COMPANY OVERVIEW 177
14.2.14 TESLA 178
TABLE 152 TESLA: COMPANY OVERVIEW 178
14.2.15 HYUNDAI MOTOR COMPANY 179
TABLE 153 HYUNDAI MOTOR COMPANY: COMPANY OVERVIEW 179
14.2.16 LEXISNEXIS 180
TABLE 154 LEXISNEXIS: COMPANY OVERVIEW 180
14.2.17 CCC INTELLIGENT SOLUTIONS INC. 181
TABLE 155 CCC INTELLIGENT SOLUTIONS INC.: COMPANY OVERVIEW 181
14.2.18 VERISK ANALYTICS, INC. 182
TABLE 156 VERISK ANALYTICS, INC.: COMPANY OVERVIEW 182
15 RECOMMENDATIONS BY MARKETSANDMARKETS 183
15.1 NORTH AMERICA TO BE MAJOR MARKET FOR USAGE-BASED INSURANCE 183
15.2 MANAGE-HOW-YOU-DRIVE AND PAY-HOW-YOU-DRIVE CAN BE KEY PLANS FOR INSURANCE SERVICE PROVIDERS 183
15.3 CONCLUSION 184
16 APPENDIX 185
16.1 INSIGHTS FROM INDUSTRY EXPERTS 185
16.2 DISCUSSION GUIDE 185
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 190
16.4 CUSTOMIZATION OPTIONS 192
16.4.1 ADDITIONAL COMPANY PROFILES (BUSINESS OVERVIEW, RECENT DEVELOPMENTS, AND MNM VIEW) 192
16.4.2 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, BY COUNTRY 192
16.4.2.1 Light-duty vehicle 192
16.4.2.2 Heavy-duty vehicle 192
16.4.3 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, BY VEHICLE AGE, BY REGION 192
16.4.3.1 Asia Pacific 192
16.4.3.2 Europe 192
16.4.3.3 North America 192
16.4.3.4 RoW 192
16.4.4 USAGE-BASED INSURANCE MARKET, BY OFF-HIGHWAY VEHICLE TYPE, BY REGION 192
16.4.4.1 Construction 192
16.4.4.2 Agriculture 192
16.5 RELATED REPORTS 193
16.6 AUTHOR DETAILS 194