“Automotive Usage-Based Insurance (UBI) market will reach 65.1 million policyholders in 2018” says Visiongain analyst.

18 June 2018
Automotive

Visiongain’s new report the Automotive Usage-Based Insurance (UBI) Market Report 2018-2028: Forecasts By Pricing Model (Pay As You Drive (PAYD) Pay How You Drive (PHYD) Manage How You Drive (MHYD), By Data Collection Method (On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box)) By Technology Incorporated (Application Based System, Embedded System) & By Geography) Plus Leading Telematics Service Providers (TSP) & Companies Developing Insurance Telematics indicates that the global Automotive UBI market will see 65.1 million policyholders in 2018.

The lead analyst of the report said: “We expect that adoption of Usage-Based Insurance will increase rapidly over the next ten years, as consumer awareness is boosted by the rapidly forming synergies and partnerships between Telematics Service Providers, insurers and Automotive OEMs. An increasingly diverse UBI market will be seen over coming years, with Smartphone and OBD II playing an increasingly influential role”.

Visiongain expects that policyholders within the global automotive UBI market will amount to 65.1 million in 2018, up 38.2% from 2017. The market for Automotive Usage-Based Insurance will grow substantially throughout the forecast period 2018-2028.

The 180+ page report contains 81 tables & 96 charts and diagrams that add visual analysis in order to explain developing trends within the Automotive UBI market.

Visiongain provides forecasts of the Automotive UBI market by Pricing Model as Pay As You Drive (PAYD) Pay How You Drive (PHYD) Mange How You Drive (MHYD), by Data Collection Method as On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box, by Technology Incorporated as Application Based System, Embedded System & by Geography.

The comprehensive report offers market forecasts and analysis for 3 regional and 10 leading national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering approximately 10 companies leading the field in Automotive UBI.

The Automotive Usage-Based Insurance (UBI) Market Report 2018-2028: Forecasts By Pricing Model (Pay As You Drive (PAYD) Pay How You Drive (PHYD) Manage How You Drive (MHYD), By Data Collection Method (On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box)) By Technology Incorporated (Application Based System, Embedded System) & By Geography) Plus Leading Telematics Service Providers (TSP) & Companies Developing Insurance Telematics report will be of value to anyone who wants to better understand the Automotive Usage-Based Insurance (UBI) market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive insurance industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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