Visiongain Launches Report Examining the Potential in the $90.5 Billion Automobile UBI Market
Telematics refers to the combined usage of telecommunications and information technology for automobiles. It includes everything from GPS systems to entertainment systems. Telematics can exactly locate the exact position of the car, its speed and the behaviour of the car internally. It is most widely used for providing services such as roadside assistance, real-time navigation, vehicle tracking, and increasingly, car insurance.
With the rapid change in the technology, automotive manufacturers are coming up with innovative ideas for the use of telematics in their vehicles, of which telematics insurance is one significant concept. Usage-based insurance, also known as telematics insurance, whereby, the premium cost is subjected to the use of a vehicle, measured against, distance travelled, time of usage, and in-vehicle behavioural pattern of the driver. It is a recent innovation by auto insurers that closely aligns driving behaviours with risk to calculate the premium rates for auto insurance. Odometer readings or in-vehicle telematics devices self-installed into a vehicle port or already integrated into original equipment installed by car manufacturers are used to track the mileage and driving behaviours. The basic idea of telematics auto insurance is that a driver's behaviour is monitored directly while the person drives. These telematics devices measure several elements of interest: time of day; miles drove; place (GPS); acceleration; hard braking; hard cornering; and airbag deployment. The level of accuracy depends on the data collected, the telematics technology employed and the user's willingness to share their private data. The insurance provider then evaluates the data and accordingly charges the insurance premiums.
To request sample pages from this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/automotive-usage-based-insurance-ubi-market-report-2020-2030/#download_sampe_div
•
•
• Based on the pricing model the global usage-based insurance market is segmented as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD)
• Based on the data collection technique the global usage-based insurance market is segmented as OBD-II, smartphone, hybrid, and black-box.
• Based on the technology incorporated the global usage-based insurance market is segmented as an application-based system and embedded based system.
• Based on the geographic penetration the global usage-based insurance market is segmented as
The 204-page report provides clear, detailed insight into the global
By ordering and reading our brand-new report today, you stay better informed and ready to act.
Report Scope
The report delivers considerable added value by revealing:
• 190 tables, charts and graphs are analysing and revealing the growth prospects and outlook for the
•
•
• Top 5 prominent Countries in the
•
•
•
•
•
• Top 5 companies in the
• Allstate
• Progressive Corporation
•
• Allainz SE
•
• Other companies of interest
Recent Companies Activity
• IMS was assigned patent title 'space and time cognitive mobility system with distributed and cooperative intelligence capabilities'
• IMS was acquired by
• Octo Telematics partnered with
• Vodafone automotive announced partnership with electric vehicle start-up e.GO Mobile on an industry 4.0 factory
• Sierra Wireless announced partnership with
• Axa Malaysia announced an average discount of 14% on their premiums for safe drivers on its usage-based insurance product. The AXA FlexiDrive product helps motorists become more aware of their driving behavior by offering discounts of up to 20%, based on how safe they drive.
The report provides detailed profiles of key companies operating within the Automotive Usage Based Insurances market:
• Intelligent Mechatronic
• Octo Telematics
•
• Wunelli
• Sierra Wireless
• Allstate
• AXA SA
• Progressive Corporation
• Generali S.P.A
•
•
• Allianz SE
• Nationwide
•
as well as key analysis and assessment of other important players
To request a report overview of this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/automotive-usage-based-insurance-ubi-market-report-2020-2030/
Did you know that we also offer a report add-on service? Email [email protected] to discuss any customized research needs you may have.
Companies covered in the report include:
Admiral Group
Agero
Allianz
Allstate
Amaline Assurances
Amodo
Apple
Arval
Assicurazioni Generali
Aston Martin
Atrack
Audi
Aviva
Baseline Telematics
Bentley
BMW
CalAmp
Capita
CCC (DriveFactor)
Censio
Chainway
CMT
Cobra Technologies
Corona Direct
Desjardins
Detector
Direct Line
DirectChoice
Driveway
Ducati
DXC Technology
Esurance
Ferrari
FMG Support
Generali
Gertab
GMAC (Ally Financial Inc.)
Grupo Nacional Provincial (GNP)
Gruppo Piaggio
HastingDirect
Hubio
Hyundai
ICareU
ICICI Lombard
iGo4
iMetrix
Infiniti
Infrasure
Insure the
Intelligent Mechatronic Systems
Lamborghini
Launch
LexisNexis
LG
Liberty Mutual
MAAF
Maserati
McLaren
Microsoft
MileMeter
Mitsubishi
MMA
Mobile Devices
Modus
MS&AD Insurance Group
MyDrive
Nissan
Nvidia
Octo Telematics
Omoove
Orion
Pointer
Polis DirectPorsche
Progressive
Qualcomm
Quartix
Queclink
RAC
Redtail/Plextek
Renesas
Rolls-Royce
RSA Insurance
SABRE
Safeco
Scope Technologies
Sierra Wireless
Swinton
Tantalum
Telic
Tesla
The Floow
TomTom
Toyota Motor Corporation
Tracl Global
Trakm8
UnipolSai
Uniqa
Verein öffentlicher Versicherer
Verizon Telematics
Viasat
Volvo
Wuerttembergische Versicherung
Wunelli
Xirgo Technologies
Yamaha
ZigBee
Organizations mentioned
To see a report overview please e-mail Sara Peerun on [email protected]
Related reports:
Automotive Vehicle to Everything (V2X) Communications Market 2019-2029
Commercial Vehicle Telematics Market Report 2017-2027
Automotive Pay as You Go (PAYG) Road Charging Market Report 2018-2028
View original content:http://www.prnewswire.com/news-releases/visiongain-launches-report-examining-the-potential-in-the-90-5-billion-automobile-ubi-market-300988439.html
SOURCE Visiongain
A Slate Belt police chief crashed his pickup truck into a house, and now the DA is investigating
Cigna Takes Action To Combat The Rise Of Loneliness And Improve Mental Wellness In America
Advisor News
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
- Midlife planning for women: why it matters and how advisors should adapt
More Advisor NewsAnnuity News
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
- AM Best Assigns Credit Ratings to Calix Re Limited
- Transamerica introduces new RILA with optional income features
More Annuity NewsHealth/Employee Benefits News
- SENATE APPROVES BILL TO LIMIT PREMIUM INCREASES, PROTECT ACCESS TO HEALTHCARE
- All about AHCCCS: Navigating Arizona Medicaid’s changing landscape
- GOVERNOR SIGNS BIOMARKER TESTING COVERAGE BILL
- REGULATION OF AI IN PRIOR AUTHORIZATION AND CLAIMS REVIEW: A LOOK AT FEDERAL AND STATE CONSUMER PROTECTIONS
- LEADING HEALTH ORGANIZATIONS URGE NC LAWMAKERS TO RECONSIDER PROPOSAL IMPLEMENTING MEDICAID CUTS
More Health/Employee Benefits NewsLife Insurance News
- 2025 Insurance Abstracts
- AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.
- Earnings roundup: Prudential works to save ‘unique’ Japanese market
- How life insurance became a living-benefits strategy
- Financial Focus : Keep your beneficiary choices up to date
More Life Insurance News