AMA Research & Media LLP

Usage Based Insurance Market Is Booming Worldwide with Allstate, Progressive Corporation, Vodafone, Octo Telematics

What's Ahead in the Global Usage Based Insurance Market? Benchmark yourself with strategic steps and conclusions recently published by AMA

 

Edison, NJ -- (SBWIRE) -- 08/14/2020 -- Advance Market Analytics recently introduced Global Usage Based Insurance Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2025. Global Usage Based Insurance effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.

Major Players in This Report Include:
Allstate (United States), Progressive Corporation (United States), Vodafone (United Kingdom), Octo Telematics (United Kingdom), Norris Insurance (United States), Intellimec (Canda), TomTom (Netherlands), Octo Telematics (Italy), Allianz (Germany), AXA (France), Liberty Mutual (United States), Verizon (United States), Sierra Wireless (Canada)

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AMA released a new market study covering the current COVID-19 impact on the Global Usage Based Insurance Market with detailed insights on latest scenario, economic slowdown on overall industry. This report will help you to identify which types of companies could potentially benefit from the impact of COVID-19, as well as those business segments that are set to lose out.

The competition is expected to become even more intense in the coming years with the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the market's competitive landscape and offers information on the products offered by various leading companies. Additionally, this Usage Based Insurance market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.

Brief Overview on Usage Based Insurance:
Usage based insurance also referred as pay-per-mile, pay-as-you-drive or pay-as-you-go is a type of auto insurance that depending on the specific insurer’s program. It can measure how far a vehicle is driven, where it is driven and how it is driven. The demand for usage based insurance is highly propelled in recent years with the increasing adoption of telematics in the vehicle as well as increasing adoption of mobility as a service. Insurance companies and telematics companies operating in the developed and developing countries are scoring investments which helps to growth of usage based insurance market.

Market Drivers:
- Significant Growth in the Automotive Industry
- Increasing Adoption of Telematics and Connected Cars

Market Trends:
- Trend of Try-Before-You-Buy (TBYB) Insurance Model

Competitive Landscape:
Mergers & Acquisitions, Agreements & Collaborations, New Product Developments & Launches, Business overview & Product Specification for each player listed in the study.

The Global Usage Based Insurance Market segments and Market Data Break Down are illuminated below:
Study by Vehicle (Passenger Vehicle, Commercial Vehicle), Technology (OBD-II, Smartphone, Embedded System, Black Box, Other), Package (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD))

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

In this study, the years considered to estimate the market size of Global Usage Based Insurance Market are as follows:
History Year: 2013-2017
Base Year: 2020
Estimated Year: 2020
Forecast Year 2020 to 2025

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What benefits does AMA research studies provides?
- Supporting company financial and cash flow planning
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments

Strategic Points Covered in Table of Content of Usage Based Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Usage Based Insurance market
Chapter 2: Exclusive Summary – the basic information of the Usage Based Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Usage Based Insurance
Chapter 4: Presenting the Usage Based Insurance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Usage Based Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Usage Based Insurance market?
- What are the key concerns of the five forces analysis of the Global Usage Based Insurance market?
- What are different prospects and threats faced by the dealers in the Global Usage Based Insurance market?
- What are the strengths and weaknesses of the key vendors?
**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

Completely, this report will give you an undeniable point of view on each and every truth of the market without a need to suggest some other research report or a data source. Our report will give every one of you the real factors about the past, present, and possible destiny of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.