Automotive Usage Based Insurance Market Will Hit Big Revenues In Future | Forbes Advisor, Aviva, Liberty Mutual, GSMA
Latest Report Available at Advance Market Analytics," Automotive Usage Based Insurance Market" provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
Scope of the Report of Automotive Usage Based Insurance
Automotive usage based insurance tracks mileage and driving behaviour like speeding and harsh braking. It can allow insurers to monitor directly while the person drives with more closely aligned driving behaviours with premium rates. Telematics is useful to track, store, and transfer driving-related data. The data is useful to understand driving behaviour and charge appropriate vehicle insurance rates.
Some of the key players profiled in the study are:
Forbes Advisor (United States), GSMA (United Kingdom), IMS (India), Zendrive (India), Allianz SE (Germany), Nationwide Mutual Insurance Company (United States), AXA (France), Aviva (United Kingdom), Liberty Mutual (United States) and Allstate Insurance Company (United States)
Market Influencers and their development strategies
In 2020, Allianz SE has acquired an automobile and other Property-Casualty businesses from SulAmérica. The acquisition boosts the serving offerings for customers.
On 2020. IMS has launched a toolset. The new tools enable insurers and mobility operators to expand the ways they can interact with usage-based insurance (UBI) customers.
As per the Insurance Regulatory and Development Authority (IRDA) guidelines the general insurers offering motor insurance should adhere to at all times.
Advance Market Analytics published a new research publication on "Global Automotive Usage Based InsuranceMarket Insights, to 2026" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive Usage Based Insurance market was mainly driven by the increasing R&D spending across the world.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Automotive Usage Based Insurance Market various segments and emerging territory.
The titled segments and sub-section of the market are illuminated below:
by Type (Pay as You Drive, Pay How You Drive, Pay as You Go, Distance-based Insurance, Others), End-Use Verticals (Commercial, Personal), Coverage (Auto Liability Coverage, Uninsured and Underinsured Motorist Coverage, Comprehensive Coverage, Collision Coverage, Others)
Influencing Market Trend
Rising Accidents of Automobiles over the Globe
Need for the Safety Measures for the Drivers
Growing Urbanization and Rising per Capita Disposable Income
Rising Offerings and Benefits of Insurance Policies
Growing Adoption of Automobiles can create Opportunities for Market Growth
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.