Edison, NJ -- (SBWIRE) -- 05/07/2021 -- The Usage-Based Insurance Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

Major Players are:
Allianz SE (Germany), AXA S.A. (France), Insure The Box Ltd (United Kingdom), Progressive Corporation (United States), Allstate Corporation (United States), Generali Group (Italy), Mapfre S.A. (Spain), Metromile (United States), Aviva plc. (United Kingdom), Ageas (Belgium),

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Definition:
Usage-based insurance (UBI), also referred to as pay-per-mile or pay-as-you-drive is a type of auto insurance which depends on the specific insurer’s program, can measure how far a vehicle is driven, where it’s driven or how it’s driven. It is often operated by telematics, a technology which is available in vehicles using a plug-in device or is pre-installed in the car’s network, but can also be available through mobile applications. It provides insurers a range of data, from how drivers are braking and accelerating to their speeds, where they’re driving, and for how long they’re behind the wheel. The data collected gets sent to an insurance corporation, which can keep the track of distance driven for the basic pay-as-you-go insurance, or more generally assess the risk profile of a particular driver in order to reward safer drivers with discounts on their insurance.

Market Trends:
Timely and Accurate Data Collection
Rising Permeation of Smartphones Integrated With Vehicle Connectivity Systems

Market Drivers:
Increasing Adoption of Telematics
Decline in Insurance Premium and Risk-Related Costs
Lesser Accident and Vehicle Theft Possibilities

Years considered for this report:
? Historical Years: 2015-2019
? Base Year: 2019
? Estimated Year: 2020
? Forecast Period: 2020-2027

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Current Scenario Analysis for Decision Framework

Key Strategic Developments in Usage-Based Insurance Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Usage-Based Insurance Market
The report highlights Usage-Based Insurance market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Usage-Based Insurance market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Significant Facets concerning the Report:
- Usage-Based Insurance Market Summary
-Fiscal Effect on Economy
-Usage-Based Insurance Market Competition
-Usage-Based Insurance Market Analysis by Application
-Industrial Chain, Down-stream Buyers and Sourcing Strategy
-Distributors/Traders, Marketing Strategy Analysis
-Facets, Market Effect, Diagnosis
-Market Forecast
-The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Usage-Based Insurance Market have also been included in the study.

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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 360 Degree Synopsis
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer's sentiments' analysis.
Chapter 04 – Covid-19 Crisis Analysis on Usage-Based Insurance Market
Chapter 05 – Global Usage-Based Insurance Market - Pricing Analysis
Chapter 06 – Usage-Based Insurance Market Background
6.1 Macroeconomic factors affecting the Usage-Based Insurance market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 -- Usage-Based Insurance Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Usage-Based Insurance Market
Chapter 09 – Usage-Based Insurance Market Structure Analysis
Chapter 10 – Usage-Based Insurance Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

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Key Questions Addressed in the Report
? Who are the top 20 players operating in the Usage-Based Insurance market?
? What covers the drivers, restraints, opportunities, and challenges in the Usage-Based Insurance industry?
? What are the growth trends in the market at the segmental and overall market levels?
? Which are the untapped emerging regions in the Usage-Based Insurance market?
? What are the recent application areas in the market?

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