Usage-Based Insurance Market to Witness Huge Growth by 2028 : Esurance, Progressive, Allstate: Usage-Based Insurance Market Analysis & Forecast for Next 5 Years

New Jersey, NJ -- (SBWIRE) -- 09/28/2022 -- A new intelligence report released by HTF MI with title "Usage-Based Insurance Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Usage-Based Insurance offers energetic visions to conclude market size, opportunities, growth pattern, and competitive surroundings. The research is derived through primary and secondary sourced data and includes both qualitative and quantitative detailing. Some of the key players profiled in the study are Metro Mile, Progressive, Allstate, Nationwide, Esurance, Safeco, Travellers, Liberty Mutual Insurance, AIOI & QBE.

Usage-based Insurance market size has surpassed USD 30 billion in 2020 and will record a CAGR of over 20% through 2027.

What's keeping Metro Mile, Progressive, Allstate, Nationwide, Esurance, Safeco, Travellers, Liberty Mutual Insurance, AIOI & QBE Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI

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Market Overview of Usage-Based Insurance
If you are involved in the Usage-Based Insurance industry or aim to be, then this study is vital to keep your market knowledge up-to-date. The Market is segmented by Applications [Men & Women], Types / Coverage [Pay-As-You-Drive Insurance, Pay-How-You-Drive Insurance, Distance Based Insurance & Pay-As-You-Go Insurance] and major players. To get deep dive in market, geographically 22+ jurisdictions or countries were summarized in the study from Asia Pacific, MEA, South America, Europe and North America.

Geographically, the global version of report has following country inclusion:
- North America [United States, Canada and Mexico]
- Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Denmark, Spain, Sweden, and Rest of Europe]
- Asia-Pacific [China, Japan, South Korea, India, Australia, Indonesia and Others]
- South America [Brazil, Argentina, Colombia and Rest of South America]
- Middle East and Africa (South Africa, Turkey, Israel, GCC Countries and Rest of Africa)

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This study mainly helps understand which market segments or Country; Insurance carriers, Aggregators should focus in years to come to channelize their efforts and investments in Usage-Based Insurance to maximize growth and profitability. The growth in 2020 is noticeably slower and mature markets in North America and Western Europe requires "heavy lifting" to address such trends due to the dynamic macroeconomic and regulatory environment.

The distribution channels in the insurance industry, is always of great importance, reflecting the "push" nature of Usage-Based Insurance offering in the industry. The distribution model has continued to evolve as insurers try to better connect with their customers. Over the years, the Usage-Based Insurance industry has seen a clear dominance of face-to face selling (agents and brokers). However, with the increasing penetration of the Internet and customers preferring convenience, the digital mode of sales is becoming increasingly popular in Usage-Based Insurance.

Furthermore, the years considered for the study are as follows:
Historical year – 2016-2020
Base year – 2020
Forecast period – 2021 to 2026

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Major Highlights of TOC:

Chapter One: Usage-Based Insurance Market Industry Overview
1.1 Usage-Based Insurance Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Usage-Based Insurance Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Behaviour & Distribution Channels

Chapter Two: Usage-Based Insurance Market Demand
2.1 Segment Overview
Men & Women

2.2 Usage-Based Insurance Market Size by Application/End Users (2016-2020)
2.3 Usage-Based Insurance Market Forecast by Application/End Users (2021-2026)

Chapter Three: Usage-Based Insurance Market by Type
3.1 By Type, Pay-As-You-Drive Insurance, Pay-How-You-Drive Insurance, Distance Based Insurance & Pay-As-You-Go Insurance
3.2 Usage-Based Insurance Market Size by Type (2016-2020)
3.3 Usage-Based Insurance Market Forecast by Type (2021-2026)

Chapter Four: Usage-Based Insurance Market: by Region/Country
4.1 Usage-Based Insurance Market by Regions
4.2 Usage-Based Insurance Market Revenue & share by Region
4.3 North America
4.4 Europe
4.5 Asia Pacific
4.6 South America
4.7 Middle East & Africa

Chapter Five: Player Analysis
5.1 Market Share Analysis by Players (2019-2021E)
5.2 Market Concentration Rate by Regions
5.3 Company Profiles

..........continued

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Thanks for reading Usage-Based Insurance Industry research publication; you can also get individual chapter wise section or region wise report version like USA, China, Southeast Asia, LATAM, APAC etc.

About Author:
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