Description

The research service analyses the concept of telematics based insurance for the passenger car market in Europe. The study includes recent trends, market drivers, restraints and challenges. market Size Analysis deals with unit size and forecast from 2007 to 2015 of systems installed in cars for Pay-As-You-Drive (PAYD) type product. Pricing Analysis compares the conventional insurance model and a typical PAYD model. Competitive Scenario Analysis deals with key competitors in the PAYD business. The study also discusses about PAYD service from various insurance companies.The final segment draws the key conclusions and offers important recommendations to insurance companies operating in Europe.