The global automotive insurance market is evolving with the growing automotive industry. With increasing need for safety, the insurance coverage for vehicles is also growing at higher premiums.
Analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 6.87 % during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive usage-based insurance market for 2018-2022. To calculate the market size, the report considers the e driving mileage and driving behaviour.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Automotive Usage-Based Insurance Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Allianz
• Intelligent Mechatronic Systems
• Watchstone Group
• Octo Telematics
• Sierra Wireless
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Market driver
• Flexible pricing scheme
• For a full, detailed list, view our report
Market challenge
• High cost of telematic device installation
• For a full, detailed list, view our report
Market trend
• Shared data plans to reduce data subscribers per user
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
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