Insurance Telematics in Europe & North America, 4th Edition (2019-2023) – ResearchAndMarkets.com
According to the research report, the number of insurance telematics policies in force on the European market reached 10.3 million in Q4-2018. Growing at a compound annual growth rate (CAGR) of 36 percent, this number is expected to reach 47.9 million by 2023.
In
The US,
The European insurance telematics market is largely dominated by hardwired aftermarket blackboxes while self-install OBD devices and mobile applications represent the vast majority of the active policies in
The insurance telematics value chain spans multiple industries including a large ecosystem of companies extending far beyond the insurance industry players. Automotive OEMs show an increasing interest in insurance telematics. Examples include General Motors, Honda, BMW,
Notable aftermarket telematics service providers with a focus on insurance telematics include Octo Telematics that has a dominant market share and more than 5.6 million devices in insurance telematics programmes and other end-to-end solution providers such as
During the past years, we have seen attempts to share data between various service providers through intermediates. The rise of marketplaces and data exchanges enables insurers to utilise telematics data from a vast range of data collection techniques as long as the policyholders agree to share their driving data.
Highlights from this report:
- Insights from 30 new executive interviews with market leading companies
- Comprehensive overview of the insurance telematics value chain and key applications
- In-depth analysis of market trends and key developments
- Case studies of more than 60 insurance telematics initiatives
- Summary of the involvement of vehicle OEMs and mobile operators
- New data on vehicle populations in
Europe andNorth America - Market forecasts by country lasting until 2023
This report answers the following questions:
- What types of insurance telematics products are offered on the market?
- Which are the leading providers of insurance telematics technology?
- What business models are available for insurers entering the insurance telematics space?
- Which are the dominant technology form factors on each market?
- Which are the most successful insurance telematics programs today?
- How are mobile operators approaching the insurance telematics market?
- How are the vehicle OEMs involved in the ecosystem?
- Which are the major drivers and barriers for insurance telematics adoption?
- Which are the key future trends in this industry?
Key Topics Covered
1 The automotive market
1.1 The automotive market in
1.1.1 Vehicles in use and car density
1.1.2 New car registrations and leading manufacturers
1.2 The automotive market in
1.2.1 Vehicles in use and car parc density
1.2.2 New car registrations and leading manufacturers
1.3 Automotive insurance
1.3.1 Basic insurance terminology and categorisations
1.3.2 The fundamentals of automotive insurance
1.3.3 Traditional automotive insurance risk rating and pricing criteria
1.3.4 Developments of the actuarial toolbox for motor insurers
1.4 The European automotive insurance market
1.5 The North American automotive insurance market
2 Insurance telematics solutions
2.1 Introduction to insurance telematics
2.1.1 The rationale for telematics-based insurance policy pricing
2.1.2 Brief history of insurance telematics offerings
2.2 Usage-based insurance and related concepts and applications
2.2.1 Manual reporting
2.2.2 Usage-based insurance telematics - PAYD, PHYD, MHYD, TBYB
2.2.3 Continuous and time-limited telematics data recording
2.2.4 Usage-based pricing vs. claims-related insurance telematics
2.2.5 Personal lines and commercial lines insurance telematics
2.2.6 Value-added services related to insurance telematics
2.3 Insurance telematics infrastructure
2.3.1 Vehicle segment
2.3.2 Insurer segment
2.3.3 End-user segment
2.3.4 Network segment
2.3.5 GNSS segment
2.4 Business models
2.4.1 In-house development
2.4.2 Leveraging telematics partners
2.4.3 Underwriting without direct client interaction
3 The European insurance telematics market
3.1 Regional market characteristics
3.1.1
3.1.2
3.1.3
3.1.4
3.1.5
3.1.6 Benelux
3.1.7
3.1.8 The Nordics
3.1.9
3.2 Insurance telematics case studies
3.2.1 Italian insurer UnipolSai reached almost 4 million active connections in 2018
3.2.2 Generali continues to grow and surpasses 1.8 million active policyholders
3.2.3 Smartphone-only solutions - a growth engine for Allianz's telematics offerings
3.2.4 AXA offers its insurance telematics portfolio in multiple European countries
3.2.5 Admiral Group has multiple insurance telematics programmes in
3.2.6 Insure The Box has sold 900,000 blackbox-based policies in the
3.2.7
3.2.8 Aviva adds a free dashcam feature to its
3.2.9 Ingenie is developing a B2B platform
4 The North American insurance telematics market
4.1 Regional market characteristics
4.1.1
4.1.2
4.2 Insurance telematics case studies
4.2.1 Progressive launched its mobile programme in
4.2.2
4.2.3 Allstate has surpassed 1.0 million active UBI policyholders
4.2.4 Esurance's DriveSense mobile app has grown significantly during 2018
4.2.5 Liberty Mutual has a broad portfolio of telematics products
4.2.6 Allstate's subsidiary Arity expands its offering to external customers
4.2.7 Desjardins offers smartphone app for insurance telematics in
4.2.8 Nationwide works with Octo Telematics, IMS, LexisNexis and TrueMotion
4.2.9 Farmers offers insurance telematics for commercial lines powered by Modus
5 Market forecasts and trends
5.1 Market analysis
5.1.1 Insurance telematics policies and penetration in
5.1.2 Form factor developments in
5.2 Value chain analysis
5.2.1 Insurance industry players
5.2.2 Telematics industry players
5.2.3 Automotive industry players
5.2.4 Telecom industry players
5.2.5 IT industry players
5.2.6 Mergers and acquisitions in the insurance telematics space
5.3 Market drivers and barriers
5.3.1 Macroeconomic environment
5.3.2 Regulatory environment
5.3.3 Competitive environment
5.3.4 Technology environment
5.4 Future industry trends
5.4.1 Continued broadening of the insurance telematics concept is expected
5.4.2 Insurers will embrace both UBI and claims-related insurance telematics
5.4.3 Form factor shift to favour mobile devices in the short term
5.4.4 Connected cars pave the way for mass-marketisation of insurance telematics
5.4.5 New data exchanges expected to make OEM data available to small insurers
5.4.6 Commercial applications to grow alongside personal lines insurance telematics
5.4.7 Privacy concerns are softening across customer segments
5.4.8 Big Data: Ownership and portability of telematics data to be scrutinised
5.4.9 Insurance telematics aims to reduce distracted driving
6 Company profiles and strategies
6.1 Agero
6.2 Agnik
6.3 Amodo
6.4 Baseline Telematics
6.5 Bosch Connected Devices and Solutions
6.6 CalAmp
6.7
6.8 CCC Information Services
6.9 DriveQuant
6.10 Dolphin Technologies
6.11 FairConnect (Infomobility)
6.12 Greater Than
6.13 IMETRIK Global
6.14 Intelligent Mechatronic Systems (
6.15 Insure Telematics Solutions
6.16 Inzura
6.17 LexisNexis
6.18 Meta System
6.19 Mobile Devices
6.20 Modus
6.21 MyDrive Solutions
6.22 Octo Telematics
6.23 Quartix
6.24 Redtail Telematics
6.25 Scope Technology
6.26 Targa Telematics
6.27
6.28 The Floow
6.29 TomTom Telematics
6.30
6.31 Trakm8
6.32 TrueMotion
6.33 Verisk Analytics
6.34
6.35
6.36 Zendrive
For more information about this report visit https://www.researchandmarkets.com/r/ynrz6j
View source version on businesswire.com: https://www.businesswire.com/news/home/20190430005460/en/
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