Visiongain Launches Report Examining the Potential in the $90.5 Billion Automobile UBI Market

Automotive Usage-Based Insurance (UBI) Market Report 2020-2030

Forecasts by Pricing Model (Pay as You Drive (PAYD), Pay How You Drive (PHYD), Manage How You Drive (MHYD)), by Data Collection Method (On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box), by Technology Incorporated (Application Based System, Embedded System) & by Geography. Plus, Leading Telematics Service Providers (TSP) & Companies Developing Insurance Telematics

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Visiongain

Jan 23, 2020, 05:00 ET

LONDON, Jan. 23, 2020 /PRNewswire/ -- This latest report by business intelligence provider Visiongain assesses that the global Automotive Usage Based Insurance market is expected to grow at a lucrative rate during the forecast period. Explosives are divided into two categories namely primary explosives and secondary explosives. Primary explosives have a high degree of sensitivity to initiation through shock, friction, electric spark, or high temperatures and explode whether they are confined or unconfined. While secondary explosives are generally more powerful than primary explosives and cannot be detonated readily by heat or shock.

Telematics refers to the combined usage of telecommunications and information technology for automobiles. It includes everything from GPS systems to entertainment systems. Telematics can exactly locate the exact position of the car, its speed and the behaviour of the car internally. It is most widely used for providing services such as roadside assistance, real-time navigation, vehicle tracking, and increasingly, car insurance.

With the rapid change in the technology, automotive manufacturers are coming up with innovative ideas for the use of telematics in their vehicles, of which telematics insurance is one significant concept. Usage-based insurance, also known as telematics insurance, whereby, the premium cost is subjected to the use of a vehicle, measured against, distance travelled, time of usage, and in-vehicle behavioural pattern of the driver. It is a recent innovation by auto insurers that closely aligns driving behaviours with risk to calculate the premium rates for auto insurance. Odometer readings or in-vehicle telematics devices self-installed into a vehicle port or already integrated into original equipment installed by car manufacturers are used to track the mileage and driving behaviours. The basic idea of telematics auto insurance is that a driver's behaviour is monitored directly while the person drives. These telematics devices measure several elements of interest: time of day; miles drove; place (GPS); acceleration; hard braking; hard cornering; and airbag deployment. The level of accuracy depends on the data collected, the telematics technology employed and the user's willingness to share their private data. The insurance provider then evaluates the data and accordingly charges the insurance premiums.

To request sample pages from this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/automotive-usage-based-insurance-ubi-market-report-2020-2030/#download_sampe_div

• Automotive Usage Based Insurance encompasses three discrete sub segments
• Global Automotive Usage Based Insurance market is segmented by Pricing Model, Data Collection, and Technology Incorporated
• Based on the pricing model the global usage-based insurance market is segmented as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD)
• Based on the data collection technique the global usage-based insurance market is segmented as OBD-II, smartphone, hybrid, and black-box.
• Based on the technology incorporated the global usage-based insurance market is segmented as an application-based system and embedded based system.
• Based on the geographic penetration the global usage-based insurance market is segmented as North America, Europe, Asia-Pacific and Rest of World

The 204-page report provides clear, detailed insight into the global Automotive Usage Based Insurance market. Discover the key drivers and challenges affecting the market.

By ordering and reading our brand-new report today, you stay better informed and ready to act.

Report Scope

The report delivers considerable added value by revealing:

• 190 tables, charts and graphs are analysing and revealing the growth prospects and outlook for the Automotive Usage Based Insurance market.

• Global Automotive Usage Based Insurance market forecasts and analysis from 2020-2030.

• Automotive Usage Based Insurance market provides CAPEX forecasts and analysis from 2020-2030 for the Automotive Usage Based Insurance submarkets:

• Top 5 prominent Countries in the Automotive Usage Based Insurance market
• UK
• India
• Australia
• South Korea
• China

• Top 5 companies in the Automotive Usage Based Insurance market
• Allstate
• Progressive Corporation
• Generali S.A.
• Allainz SE
• Intelligent Mechatronic Systems Inc.

• Other companies of interest

Recent Companies Activity
• IMS was assigned patent title 'space and time cognitive mobility system with distributed and cooperative intelligence capabilities'
• IMS was acquired by TRAK GLOBAL GROUP taking out IMS from receivership with aggressive plans to invest and add staff
• Octo Telematics partnered with RCI Bank and Services, Renault's Global Finance Company to provide telematics services and advanced big data analytics to allow the Renault Group to enhance the driving experience of its customers worldwide
• Vodafone automotive announced partnership with electric vehicle start-up e.GO Mobile on an industry 4.0 factory
• Sierra Wireless announced partnership with MANN+HUMMEL, a leading global expert for filtration solutions. Under this partnership, Sierra Wireless will provide IOT connectivity services for its new predictive maintenance platform named Senzit.
• Axa Malaysia announced an average discount of 14% on their premiums for safe drivers on its usage-based insurance product. The AXA FlexiDrive product helps motorists become more aware of their driving behavior by offering discounts of up to 20%, based on how safe they drive.

The report provides detailed profiles of key companies operating within the Automotive Usage Based Insurances market:
• Intelligent Mechatronic
• Octo Telematics
• Vodafone Automotive
• Wunelli
• Sierra Wireless
• Allstate
• AXA SA
• Progressive Corporation
• Generali S.P.A
• State Farm Mutual Automotive
• The Travelers Indemnity
• Allianz SE
• Nationwide
• Metromile Inc.

as well as key analysis and assessment of other important players

To request a report overview of this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/automotive-usage-based-insurance-ubi-market-report-2020-2030/

Did you know that we also offer a report add-on service? Email [email protected] to discuss any customized research needs you may have.

Companies covered in the report include:

AA Insurance
Admiral Group
Admiral Insurance
Agero
AIG Insurance
Aioi Nissay Dowa Insurance
Allianz
Allstate
Amaline Assurances
Amodo
AnyData
Apple
Arval
Assicurazioni Generali
Aston Martin
Atrack
Audi
Aviva
AXA Group
Baseline Telematics
Bentley
BMW
CalAmp
Capita
CCC (DriveFactor)
Censio
Chainway
CMT
Cobra Technologies
Corona Direct
Daimler
Danlaw
Desjardins
Detector
Direct Line
DirectChoice
Discovery Insurance
Driveway
Ducati
DXC Technology
Esurance
Ferrari
FMG Support
Generali
Gertab
GMAC (Ally Financial Inc.)
Grupo Nacional Provincial (GNP)
Gruppo Piaggio
Harman International
HastingDirect
Hubio
Hyundai
ICareU
ICICI Lombard
iGo4
iMetrix
Industrial Alliance
Infiniti
Infrasure
Insure the BoxIntact Financial Corporation
Intelligent Mechatronic Systems
Lamborghini
Launch
LexisNexis
LG
Liberty Mutual
MAAF
Macif
Maserati
McLaren
Mercedes Benz Trucks
MetaSystem
Metromile
Microsoft
MileMeter
Mitsubishi
MMA
Mobile Devices
Modus
MS&AD Insurance Group
MyDrive
Nationwide Insurance
Nissan
Novatel
Nvidia
Octo Telematics
Omoove
OnStar Corp
Orion
Pointer
Polis DirectPorsche
Progressive
Qualcomm
Quartix
Queclink
RAC
RCI Bank and Services
Redtail/Plextek
Reed Elsevier
Renault
Renesas
Rolls-Royce
RSA Insurance
SABRE
Safeco
Scope Technologies
Sierra Wireless
Singtel
Solly Azar
Sompo Japan
State Farm
Swinton
Tantalum
Telic
Tesla
The Co-operative Insurance
The Floow
TomTom
Toyota Motor Corporation
Tracl Global
Trak Global
Trakm8
UnipolSai
Uniqa
Verein öffentlicher Versicherer
Verizon Telematics
Verizon Wireless
Viasat
Vodafone Automotive
Volkswagen
Volvo
Wuerttembergische Versicherung
Wunelli
Xirgo Technologies
Yamaha
ZigBee

Organizations mentioned
China Communications Standards Association (CCSA)
China Insurance Regulatory Commission (CIRC)
European Telecommunications Standards Institute (ETSI)
National Association of Insurance Commissioners (NAIC)
Telecommunications Industry Association (TIA)