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15 Jun 2021  |  North America  |  Market Research

US Automotive Usage-based Insurance Growth Opportunities

Transformational Growth Enabled by Connected Data Ecosystems Drives New Insurance Models

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For decades, automotive insurers have based underwriting on historical driver data and demographics. Drivers were forced to settle for one-size-fits-all policies that did not take into account their driving habits or miles driven. This began to change with the emergence of real-time tracking of vehicle and driver behavior with vehicle telematics. T...

The commercial vehicle industry faces common challenges, such as rising fixed costs, difficulty in ensuring immediate truck availability, prolonged delivery time, high operating costs, high fuel spend, increased repair cost, and sub-optimal asset utilisation. Telematics has been the go-to solution for industry participants in addressing these chall...

On-demand business model in the automotive industry is revolutionizing the way customers subscribe to a particular service offered by the OEMs. This allows the customer to activate or deactivate a service according to their regional or custom requirements. The subscription offered by auto makers can be on a monthly, yearly, one-time payment, an...

The US trailer tire pressure monitoring system (TPMS) market is experiencing steady and structurally driven growth as fleet operators increasingly prioritize safety, regulatory compliance, and operational efficiency. TPMS solutions, which monitor tire pressure and temperature in real time, are becoming an essential component of modern trailer telem...

The US medium- and heavy-duty truck TPMS market presents a landscape of measured but sustained growth, shaped by divergent OEM penetration trajectories, aftermarket dominance, and the absence of regulatory tailwinds that continue to temper the pace of adoption across truck segments.Rising OEM penetration in trucks and accelerating telematics integr...

The 2019 version of the connected car outlook covers an overview on the upcoming technologies, features, services and global trends surrounding connected cars and automotive IT. The research includes latest features being introduced by automakers such as Marketplace, features-on demand, in-vehicle payments and newer telematics services. Predictions...

The North American trailer telematics market has been active for more than a decade with fierce competition among its market participants. Despite its long presence, the market remains largely fragmented, and the competition is too intense for any considerable market consolidation to happen. However, the market is currently witnessing an influx of ...

The aim of this study is to research, analyze and forecast the usage-based insurance market for the North American automotive industry. Currently, the specific focus is on understanding driving behavior and offers made by insurance companies. In some cases a two-tier discount structure is present in which the first level is based on mileage and th...

The United States' rapidly evolving connected car market consistently adapts to shifting consumer preferences, driven by the adoption of emerging use cases that shape the new normal across diverse customer segments. Frost & Sullivan’s Voice of Customer: In-Car Services and Features, Passenger Vehicles, United States, 2024 survey reveals how car own...