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Usage-based Insurance (UBI) Market Size By Package (Pay-How-You-Drive, Pay-As-You-Drive), By Technology (OBD-II, Smartphone, Blackbox, Embedded Telematics), By Vehicle (Passenger Vehicle, Commercial Vehicle) & Forecast, 2023-2032

  • Report ID: GMI3020
  • Published Date: Nov 2022
  • Report Format: PDF

Report Content

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    COVID-19 impact

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    Middle East & Africa

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

1.5    Industry Glossary

Chapter 2   Executive Summary

2.1    Usage-based insurance industry 360º synopsis, 2018 – 2032

2.2    Business trends

2.2.1    Total addressable Market (TAM) trends, 2023 - 2032

2.3    Regional trends

2.4    Package trends

2.5    Technology trends

2.6    Vehicle type trends

Chapter 3   Usage-based Insurance Industry Insights

3.1    Introduction

3.2    Impact of COVID-19 outbreak

3.2.1    By region

3.2.1.1   North America

3.2.1.2   Europe

3.2.1.3   Asia Pacific

3.2.1.4   Latin America

3.2.1.5   Middle East & Africa

3.2.2    Strategies by major players to regain pre-COVID level growth

3.3    Impact analysis of Russia-Ukraine war

3.4    Usage-based insurance industry ecosystem analysis

3.4.1    Insurance companies

3.4.2    Automotive OEMs

3.4.3    Telematics solution providers

3.4.4    Smartphone providers

3.4.5    Telecom service providers

3.4.6    OBD device manufacturer

3.4.7    End-users

3.4.8    Vendor matrix

3.5    Advantages/features of UBI

3.6    Working/Architecture of UBI

3.7    UBI policy penetration (2022-2032)

3.7.1    North America

3.7.2    Europe

3.7.3    Asia Pacific

3.7.4    Latin America

3.7.5    MEA

3.8    UBI vs traditional automotive insurance

3.8.1    North America

3.8.2    Europe

3.8.3    Asia Pacific

3.8.4    Latin America

3.8.5    MEA

3.9    Technology & innovation landscape

3.9.1    IoT

3.9.2    AI and machine learning

3.9.3    5G

3.9.4    Manage-How-You-Drive (MHYD)

3.10    Patent analysis

3.11    Investment portfolio

3.12    Industry news

3.12.1    North America

3.12.2    Europe

3.12.3    Asia Pacific

3.12.4    Latin America

3.12.5    Middle East & Africa

3.13    OBD Standards

3.14    Regulatory landscape

3.14.1    International Standards

3.14.2    North America

3.14.3    Europe

3.14.4    Asia Pacific

3.14.5    Latin America

3.14.6    MEA

3.15    Industry impact forces

3.15.1    Growth drivers

3.15.1.1    Growth of the automobile industry

3.15.1.2    Shifting focus towards remote diagnostic technology

3.15.1.3    Growth in the number of the connected cars bringing new UBI opportunities

3.15.1.4    Rising penetration of smartphones integrated with vehicle connectivity systems

3.15.1.5    Rapid use of UBI by insurance companies to improve profitability

3.15.1.6    Growing trend of Try-Before-You-Buy (TBYB) insurance model

3.15.2    Industry pitfalls & challenges

3.15.2.1    Data security and privacy concerns

3.15.2.2    Data quality issues with smartphone based UBI system

3.15.2.3    Increasing compatibility issues

3.16    Growth potential analysis

3.17    Porter’s analysis

3.17.1    Bargaining power of suppliers

3.17.2    Bargaining power of buyers

3.17.3    The threat of new entrants

3.17.4    The threat of substitute

3.17.5    Competitive rivalry

3.18    PESTEL analysis

3.18.1    Political

3.18.2    Economic

3.18.3    Social

3.18.4    Technological

3.18.5    Legal

3.18.6    Environmental

Chapter 4   Competitive Landscape, 2022

4.1    Introduction

4.2    Company Market share, by revenue, 2022

4.2.1    Competitive analysis of major players, 2022

4.2.1.1   Allstate Insurance Company

4.2.1.2   Liberty Mutual Insurance

4.2.1.3   Nationwide Mutual Insurance Company

4.2.1.4   Progressive Corporation

4.2.1.5   State Farm Mutual Automobile Insurance Company

4.2.1.6   UnipolSai Assicurazioni S.p.A.

4.2.2    Competitive analysis of Market innovators, 2022

4.2.2.1   Allianz SE

4.2.2.2   AXA

4.2.2.3   Insure The Box Limited

4.2.2.4   Metromile Inc.

4.2.3    Vendor adoption matrix

4.2.4    Strategic outlook matrix

Chapter 5   Usage-based Insurance Market, By Package

5.1    Key trends, by package

5.2    PHYD

5.2.1    Market estimates and forecast, 2018 – 2032

5.3    PAYD

5.3.1    Market estimates and forecast, 2018 – 2032

5.3.2    Device-based

5.3.2.1   Market estimates and forecast, 2018 – 2032

5.3.3    Telematics-based

5.3.3.1   Market estimates and forecast, 2018 – 2032

Chapter 6   Usage-based Insurance Market, By Technology

6.1    Key trends, by technology

6.2    OBD-II

6.2.1    Market estimates and forecast, 2018 – 2032

6.3    Black Box

6.3.1    Market estimates and forecast, 2018 – 2032

6.4    Smartphone

6.4.1    Market estimates and forecast, 2018 – 2032

6.5    Embedded telematics

6.5.1    Market estimates and forecast, 2018 – 2032

Chapter 7   Usage-based Insurance Market, By Vehicle Type

7.1    Key trends, by vehicle type

7.2    Passenger vehicle

7.2.1    Market estimates and forecast, 2018 – 2032

7.2.2    Market estimates and forecast by technology, 2018 – 2032

7.3    Commercial vehicle

7.3.1    Market estimates and forecast, 2018 – 2032

7.3.2    Market estimates and forecast by technology, 2018 – 2032

Chapter 8   Usage-based Insurance Market, By Region

8.1    Key trends, by region

8.2    North America

8.2.1    Market estimates and forecast, 2018- 2032

8.2.2    Market estimates & forecast, by package, 2018- 2032

8.2.2.1   Market estimates & forecast, by PAYD, 2018- 2032

8.2.3    Market estimates & forecast, by technology, 2018- 2032

8.2.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.2.4.1   Market estimates & forecast, by technology, 2018- 2032

8.2.5    U.S.

8.2.5.1   Market estimates and forecast, 2018- 2032

8.2.5.2   Market estimates & forecast, by package, 2018- 2032

8.2.5.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.2.5.3   Market estimates & forecast, by technology, 2018- 2032

8.2.5.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.2.5.4.1    Market estimates & forecast, by technology, 2018- 2032

8.2.6    Canada

8.2.6.1   Market estimates and forecast, 2018- 2032

8.2.6.2   Market estimates & forecast, by package, 2018- 2032

8.2.6.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.2.6.3   Market estimates & forecast, by technology, 2018- 2032

8.2.6.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.2.6.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3    Europe

8.3.1    Market estimates and forecast, 2018- 2032

8.3.2    Market estimates & forecast, by package, 2018- 2032

8.3.2.1   Market estimates & forecast, by PAYD, 2018- 2032

8.3.3    Market estimates & forecast, by technology, 2018- 2032

8.3.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.3.4.1   Market estimates & forecast, by technology, 2018- 2032

8.3.5    UK

8.3.5.1   Market estimates and forecast, 2018- 2032

8.3.5.2   Market estimates & forecast, by package, 2018- 2032

8.3.5.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.5.3   Market estimates & forecast, by technology, 2018- 2032

8.3.5.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.3.5.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.6    Germany

8.3.6.1   Market estimates and forecast, 2018- 2032

8.3.6.2   Market estimates & forecast, by package, 2018- 2032

8.3.6.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.6.3   Market estimates & forecast, by technology, 2018- 2032

8.3.6.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.3.6.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.7    France

8.3.7.1   Market estimates and forecast, 2018- 2032

8.3.7.2   Market estimates & forecast, by package, 2018- 2032

8.3.7.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.7.3   Market estimates & forecast, by technology, 2018- 2032

8.3.7.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.3.7.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.8    Italy

8.3.8.1   Market estimates and forecast, 2018- 2032

8.3.8.2   Market estimates & forecast, by package, 2018- 2032

8.3.8.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.8.3   Market estimates & forecast, by technology, 2018- 2032

8.3.8.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.3.8.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.9    Spain

8.3.9.1   Market estimates and forecast, 2018- 2032

8.3.9.2   Market estimates & forecast, by package, 2018- 2032

8.3.9.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.9.3   Market estimates & forecast, by technology, 2018- 2032

8.3.9.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.3.9.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.10    Netherlands

8.3.10.1    Market estimates and forecast, 2018- 2032

8.3.10.2    Market estimates & forecast, by package, 2018- 2032

8.3.10.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.10.3    Market estimates & forecast, by technology, 2018- 2032

8.3.10.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.3.10.4.1    Market estimates & forecast, by technology, 2018- 2032

8.3.11    Austria

8.3.11.1    Market estimates and forecast, 2018- 2032

8.3.11.2    Market estimates & forecast, by package, 2018- 2032

8.3.11.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.3.11.3    Market estimates & forecast, by technology, 2018- 2032

8.3.11.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.3.11.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4    Asia Pacific

8.4.1    Market estimates and forecast, 2018- 2032

8.4.2    Market estimates & forecast, by package, 2018- 2032

8.4.2.1   Market estimates & forecast, by PAYD, 2018- 2032

8.4.3    Market estimates & forecast, by technology, 2018- 2032

8.4.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.4.4.1   Market estimates & forecast, by technology, 2018- 2032

8.4.5    China

8.4.5.1   Market estimates and forecast, 2018- 2032

8.4.5.2   Market estimates & forecast, by package, 2018- 2032

8.4.5.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.5.3   Market estimates & forecast, by technology, 2018- 2032

8.4.5.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.4.5.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4.6    Japan

8.4.6.1   Market estimates and forecast, 2018- 2032

8.4.6.2   Market estimates & forecast, by package, 2018- 2032

8.4.6.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.6.3   Market estimates & forecast, by technology, 2018- 2032

8.4.6.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.4.6.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4.7    Australia

8.4.7.1   Market estimates and forecast, 2018- 2032

8.4.7.2   Market estimates & forecast, by package, 2018- 2032

8.4.7.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.7.3   Market estimates & forecast, by technology, 2018- 2032

8.4.7.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.4.7.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4.8    India

8.4.8.1   Market estimates and forecast, 2018- 2032

8.4.8.2   Market estimates & forecast, by package, 2018- 2032

8.4.8.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.8.3   Market estimates & forecast, by technology, 2018- 2032

8.4.8.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.4.8.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4.9    South Korea

8.4.9.1   Market estimates and forecast, 2018- 2032

8.4.9.2   Market estimates & forecast, by package, 2018- 2032

8.4.9.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.9.3   Market estimates & forecast, by technology, 2018- 2032

8.4.9.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.4.9.4.1    Market estimates & forecast, by technology, 2018- 2032

8.4.10    Southeast Asia

8.4.10.1    Market estimates and forecast, 2018- 2032

8.4.10.2    Market estimates & forecast, by package, 2018- 2032

8.4.10.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.4.10.3    Market estimates & forecast, by technology, 2018- 2032

8.4.10.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.4.10.4.1    Market estimates & forecast, by technology, 2018- 2032

8.5    Latin America

8.5.1    Market estimates and forecast, 2018- 2032

8.5.2    Market estimates & forecast, by package, 2018- 2032

8.5.2.1   Market estimates & forecast, by PAYD, 2018- 2032

8.5.3    Market estimates & forecast, by technology, 2018- 2032

8.5.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.5.4.1   Market estimates & forecast, by technology, 2018- 2032

8.5.5    Brazil

8.5.5.1   Market estimates and forecast, 2018- 2032

8.5.5.2   Market estimates & forecast, by package, 2018- 2032

8.5.5.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.5.5.3   Market estimates & forecast, by technology, 2018- 2032

8.5.5.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.5.5.4.1    Market estimates & forecast, by technology, 2018- 2032

8.5.6    Mexico

8.5.6.1   Market estimates and forecast, 2018- 2032

8.5.6.2   Market estimates & forecast, by package, 2018- 2032

8.5.6.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.5.6.3   Market estimates & forecast, by technology, 2018- 2032

8.5.6.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.5.6.4.1    Market estimates & forecast, by technology, 2018- 2032

8.5.7    Colombia

8.5.7.1   Market estimates and forecast, 2018- 2032

8.5.7.2   Market estimates & forecast, by package, 2018- 2032

8.5.7.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.5.7.3   Market estimates & forecast, by technology, 2018- 2032

8.5.7.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.5.7.4.1    Market estimates & forecast, by technology, 2018- 2032

8.6    MEA

8.6.1    Market estimates and forecast, 2018- 2032

8.6.2    Market estimates & forecast, by package, 2018- 2032

8.6.2.1   Market estimates & forecast, by PAYD, 2018- 2032

8.6.3    Market estimates & forecast, by technology, 2018- 2032

8.6.4    Market estimates & forecast, by vehicle type, 2018- 2032

8.6.4.1   Market estimates & forecast, by technology, 2018- 2032

8.6.5    South Africa

8.6.5.1   Market estimates and forecast, 2018- 2032

8.6.5.2   Market estimates & forecast, by package, 2018- 2032

8.6.5.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.6.5.3   Market estimates & forecast, by technology, 2018- 2032

8.6.5.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.6.5.4.1    Market estimates & forecast, by technology, 2018- 2032

8.6.6    Saudi Arabia

8.6.6.1   Market estimates and forecast, 2018- 2032

8.6.6.2   Market estimates & forecast, by package, 2018- 2032

8.6.6.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.6.6.3   Market estimates & forecast, by technology, 2018- 2032

8.6.6.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.6.6.4.1    Market estimates & forecast, by technology, 2018- 2032

8.6.7    Qatar

8.6.7.1   Market estimates and forecast, 2018- 2032

8.6.7.2   Market estimates & forecast, by package, 2018- 2032

8.6.7.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.6.7.3   Market estimates & forecast, by technology, 2018- 2032

8.6.7.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.6.7.4.1    Market estimates & forecast, by technology, 2018- 2032

8.6.8    UAE

8.6.8.1   Market estimates and forecast, 2018- 2032

8.6.8.2   Market estimates & forecast, by package, 2018- 2032

8.6.8.2.1    Market estimates & forecast, by PAYD, 2018- 2032

8.6.8.3   Market estimates & forecast, by technology, 2018- 2032

8.6.8.4   Market estimates & forecast, by vehicle type, 2018- 2032

8.6.8.4.1    Market estimates & forecast, by technology, 2018- 2032

Chapter 9   Company Profiles

9.1    Allianz SE

9.1.1    Business Overview

9.1.2    Financial Data

9.1.3    Product Landscape

9.1.4    Strategic Outlook

9.1.5    SWOT Analysis

9.2    Allstate Insurance Company

9.2.1    Business Overview

9.2.2    Financial Data

9.2.3    Product Landscape

9.2.4    Strategic Outlook

9.2.5    SWOT Analysis

9.3    Assicurazioni Generali S.p.A.

9.3.1    Business Overview

9.3.2    Financial Data

9.3.3    Product Landscape

9.3.4    Strategic Outlook

9.3.5    SWOT Analysis

9.4    Aviva plc

9.4.1    Business Overview

9.4.2    Financial Data

9.4.3    Product Landscape

9.4.4    Strategic Outlook

9.4.5    SWOT Analysis

9.5    AXA Equitable Life Insurance Company

9.5.1    Business Overview

9.5.2    Financial Data

9.5.3    Product Landscape

9.5.4    Strategic Outlook

9.5.5    SWOT Analysis

9.6    Cambridge Mobile Telematics

9.6.1    Business Overview

9.6.2    Financial Data

9.6.3    Product Landscape

9.6.4    Strategic Outlook

9.6.5    SWOT Analysis

9.7    Danlaw, Inc.

9.7.1    Business Overview

9.7.2    Financial Data

9.7.3    Product Landscape

9.7.4    Strategic Outlook

9.7.5    SWOT Analysis

9.8    Desjardins Group

9.8.1    Business Overview

9.8.2    Financial Data

9.8.3    Product Landscape

9.8.4    Strategic Outlook

9.8.5    SWOT Analysis

9.9    Insure The Box Limited

9.9.1    Business Overview

9.9.2    Financial Data

9.9.3    Product Landscape

9.9.4    Strategic Outlook

9.9.5    SWOT Analysis

9.10    Intelligent Mechatronic Systems, Inc.

9.10.1    Business Overview

9.10.2    Financial Data

9.10.3    Product Landscape

9.10.4    Strategic Outlook

9.10.5    SWOT Analysis

9.11    Liberty Mutual Insurance Company

9.11.1    Business Overview

9.11.2    Financial Data

9.11.3    Product Landscape

9.11.4    Strategic Outlook

9.11.5    SWOT Analysis

9.12    MAPFRE, SA

9.12.1    Business Overview

9.12.2    Financial Data

9.12.3    Product Landscape

9.12.4    Strategic Outlook

9.12.5    SWOT Analysis

9.13    Metromile, Inc

9.13.1    Business Overview

9.13.2    Financial Data

9.13.3    Product Landscape

9.13.4    Strategic Outlook

9.13.5    SWOT Analysis

9.14    Nationwide Mutual Insurance Company

9.14.1    Business Overview

9.14.2    Financial Data

9.14.3    Product Landscape

9.14.4    Strategic Outlook

9.14.5    SWOT Analysis

9.15    Octo Technology (Accenture PLC)

9.15.1    Business Overview

9.15.2    Financial Data

9.15.3    Product Landscape

9.15.4    Strategic Outlook

9.15.5    SWOT Analysis

9.16    Progressive Casualty Insurance Company

9.16.1    Business Overview

9.16.2    Financial Data

9.16.3    Product Landscape

9.16.4    Strategic Outlook

9.16.5    SWOT Analysis

9.17    Sierra Wireless, Inc.

9.17.1    Business Overview

9.17.2    Financial Data

9.17.3    Product Landscape

9.17.4    Strategic Outlook

9.17.5    SWOT Analysis

9.18    State Farm Mutual Automobile Insurance Company

9.18.1    Business Overview

9.18.2    Financial Data

9.18.3    Product Landscape

9.18.4    Strategic Outlook

9.18.5    SWOT Analysis

9.19    TomTom International B.V

9.19.1    Business Overview

9.19.2    Financial Data

9.19.3    Product Landscape

9.19.4    Strategic Outlook

9.19.5    SWOT Analysis

9.20    Unipolsai Assicurazioni S.p.A.

9.20.1    Business Overview

9.20.2    Financial Data

9.20.3    Product Landscape

9.20.4    Strategic Outlook

9.20.5    SWOT Analysis

9.21    Verizon Communications Inc

9.21.1    Business Overview

9.21.2    Financial Data

9.21.3    Product Landscape

9.21.4    Strategic Outlook

9.21.5    SWOT Analysis

9.22    Vodafone Automotive SpA

9.22.1    Business Overview

9.22.2    Financial Data

9.22.3    Product Landscape

9.22.4    Strategic Outlook

9.22.5    SWOT Analysis

9.23    Zubie, Inc.

9.23.1    Business Overview

9.23.2    Financial Data

9.23.3    Product Landscape

9.23.4    Strategic Outlook

9.23.5    SWOT Analysis
 

Authors: Preeti Wadhwani

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  • Base Year: 2022
  • Companies covered: 30
  • Tables & Figures: 424
  • Countries covered: 22
  • Pages: 220
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