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Global Strategic Analysis of Usage-based Insurance Market for Passenger Vehicles, Forecast to 2025
Global Strategic Analysis of Usage-based Insurance Market for Passenger Vehicles, Forecast to 2025
Hardware-agnostic Solutions and Data Analytics Expected to Disrupt the Connected Insurance Market
RELEASE DATE
22-Aug-2018
22-Aug-2018
REGION
North America
North America
Research Code: MD31-01-00-00-00
SKU: AU01704-NA-MR_22245
$4,950.00
Special Price $3,712.50 save 25 %
In stock
SKU
AU01704-NA-MR_22245
Description
The strategic analysis of the Usage Based Insurance (UBI) market offers a 360-degree perspective of the connected insurance policies answering questions, such as: Where are the avenues for growth opportunities? What trends are affecting the growth of the market in different regions? It discusses the outlook for technologies such as telematics-based pay as you drive (PAYD) and pay how you drive (PHYD) solutions. The research also looks into key market participants who are and will impact the future of the motor insurance market.
UBI utilizes data that is gathered from smartphones, telematics devices, sensors, and applications analyzing driving behavior, including speeding and braking behaviors. Based on safe driving behavior (identified from the data gathered from an array of IoT devices mentioned above), a customer with a safe driving behavior is given a reward-based discounts or lower premium.
This research highlights market, technology, and regional trends so the reader will understand where opportunities await in the market. Top trends include data-enabled use cases, data monetization, and scenarios of technologies such as blockchain with case studies from top automakers. The forecasts for connected insurance policies are provided from 2017 to 2025 along with market share of telematics service providers and also insurance companies. The study also analyzes different devices required for data extraction and the pros and cons of each kind of device. Emphasis has been laid on smartphone as a sensor for data collection and the dongle market scenarios.
Furthermore, this study features important case studies of telematics service providers and insurance companies by looking into company portfolio of solutions and services, key associations in the industry, and also future outlooks. Device preference for connected insurance and the movement towards embedded telematics units in Europe are highlighted – for example, the eCall impact on insurance.
Car companies are evolving from the business of merely manufacturing and selling cars to providing related services and multi-modal mobility solutions to target new customers and future-proof their business. This research service focuses on different new business models which are on demand.
Association with the connected market is made which resonates with the addressable market. Specific angles to data monetization are analyzed, which translates into newer business models. Autonomous insurance philosophies and crash reconstruction using smartphone models and AI are also discussed in the study. Start-ups disrupting the insurance domain with innovative business models and on-demand schematics have been analyzed. Country profiles especially those of Italy and US have been analyzed as well and the next growth areas are identified as a part of this geographical research.
Table of Contents
Key Findings
UBI Market Forecast 2017 and 2025
Global UBI Market—Market Share of TSPs and Insurance Companies
Estimate of Policies by Device Type
Global Motor Insurance Premium Market—AV Impact
Total OBD Adoption in North America
Total OBD Adoption in Europe
UBI Ecosystem
Insurance Providers—Overview
Insurance Companies—UBI Analysis
OEM Partnerships with Insurance Companies and TSPs
Future UBI Services—Leverage IoT and Latest Technologies
Proactive First Notification Of Loss (FNOL)
Blockchain in UBI—Toyota
Artificial Intelligence (AI) Usage Across Insurance Industry
Autonomous Vehicles Impact Analysis
Octo Telematics—Market Share Analysis
UBI Pricing Model Analysis
UBI—2017 vs. 2025
Research Scope
Research Aims and Objectives
Research Background
Related Frost & Sullivan Video Content Available for Support
Research Methodology
UBI Business Model Definition
UBI Product Life Cycle Analysis
Connected Insurance
UBI Product Types—Telematics-based Insurance Delivery Options
Driver Scoring Graph
Driver Engagement Models from Insurance Companies
UBI Vendor Analysis
UBI Market Forecast—2017 and 2025
Global UBI Market—Market Share of TSPs and Insurance Companies
Estimate of Policies by Device Type
North America—UBI Market Analysis
Europe—UBI Market Analysis
Case Study—Telematics Insurance in Italy
LATAM—Telematics-Based Insurance Analysis
UBI Interest Map in India—A Snapshot
UBI Product Life Cycle Analysis—China
Pilot UBI Product in China—Ping An
On-Demand Insurance Business Model
Driving Factors for On-Demand Insurance
Pay Per Mile—By Miles Business Model
Impact of Crash Mitigating Technologies on Premium
Nexar
Vision-Based Driver Scoring—Nexar
Dash
DashLabs
TrueMotion
Zendrive
The Floow
MyDrive Solutions
Cambridge Mobile Telematics (CMT)
Impact of Autonomous Cars on UBI
Parameters Considered for Motor Insurance Premium Calculations
Opportunity for Insurance Companies with Autonomous Cars
Motor Insurance Package
Possible Future Business Models of Motor Insurance Companies
Insurance Companies—UBI Analysis
Insurance Company Benchmarking
Progressive
Allstate
Allstate—Drivewise Platform
State Farm
Hartford
Hartford—TrueLane Platform
Travelers
Swiss Re
Swiss Re—Swiss Re Automotive Solutions
Allianz
Allianz—Bonus Drive Platform
Marmalade Insurance
Data Collection
The Floow—Helping OEMs to Monetize Data
UBI Business Model
Otonomo’s Data Exchange Platform
Commercial Data Types Tracked by Otonomo
Octo Telematics—Overview and Market Share Analysis
Octo Telematics—UBI Capability
Octo Telematics—Ecosystem Snapshot
Octo Telematics—Link Program
LexisNexis Risk Solutions—Company Overview
LexisNexis—UBI Capability
Vodafone—UBI Solution
Verizon—UBI Solution
AT&T—UBI Solution
Growth Opportunity—Partnerships and Business Models
Automotive UBI Companies
Automotive UBI—Strategic Imperatives
3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
List of Figures- 1. Automotive UBI Market: Key Findings, Global, 2017
- 2. Automotive UBI Market: Insurance Providers – Overview, Global, 2017
- 3. Automotive UBI Market: Insurance Companies – UBI Analysis, Global, 2017
- 4. Automotive UBI Market: OEM Partnerships, Global, 2017
- 5. Automotive UBI Market: Octo Telematics, Global, 2017
- 6. Automotive UBI Market: Key Findings, Global 2017–2025
- 7. Automotive UBI Market: Key Participants, Global, 2017
- 8. Automotive UBI Market: UBI Vendor Analysis, Global, 2017
- 9. Automotive UBI Market: UBI Interest Map, India, 2017
- 10. Automotive UBI Market: Parametric Impact Analysis, Global, 2017–2050
- 11. Motor Insurance Market: Possible Future Business Models, Global, 2017–2050
- 12. Automotive UBI Market: Insurance Companies – UBI Analysis, Global, 2017
- 13. Automotive UBI Market: Insurance Company Benchmarking, Global, 2017
- 14. Automotive UBI Market: Octo Telematics, Global, 2017
- 15. Automotive UBI Market: LexisNexis Risk Solutions—Company, Global, 2017
List of Charts- 1. Automotive UBI Market: Penetration Forecast, Global, 2017 and 2025
- 2. Automotive UBI Market: Market Share of TSPs, Global, 2017
- 3. Automotive UBI Market: Market Share of Insurance Companies, Global, 2017
- 4. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2017
- 5. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2025
- 6. Automotive UBI Market: AV Impact on Motor Insurance Premium, Global, 2017–2035
- 7. OBD II Automotive Aftermarket: Total OBD Adoption, NA, 2016–2023
- 8. OBD II Automotive Aftermarket: Total OBD Adoption, Europe, 2016–2023
- 9. Automotive UBI Market: Future Services, Global, 2016–2025
- 10. Automotive UBI Market: Autonomous Vehicles Impact Analysis, Global, 2017
- 11. Automotive UBI Market: Policies Market Share, Global, FY 2016–2017
- 12. Automotive UBI Market: UBI Product Life Cycle Analysis, Global, 2017
- 13. Automotive UBI Market: Connected Insurance, Global, 2017
- 14. Automotive UBI Market: Driver Scoring Graph, Global, 2017
- 15. Automotive UBI Market: Penetration Forecast, Global, 2017 and 2025
- 16. Automotive UBI Market: Market Share of TSPs, Global, 2017
- 17. Automotive UBI Market: Market Share of Insurance Companies, Global, 2017
- 18. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2017
- 19. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2025
- 20. Automotive UBI Market: Market Analysis, Europe, 2017
- 21. Automotive UBI Market: Revenue Generating Avenues for UBI by Country, Europe, 2017
- 22. Telematics-Based Insurance Business Model Opportunities, LATAM, 2017–2023
- 23. Insured Vehicles in Operation, LATAM, 2017
- 24. Automotive UBI Market: UBI Product Life Cycle Analysis, China 2000–2020
- 25. Automotive UBI Market: Impact of Crash Mitigating Technologies, Global,2017
- 26. UBI Market: TrueMotion, Global, 2017
- 27. Automotive UBI Market: Current and Future Parameters, Global, 2014 and 2050
- 28. UBI Market: Motor Insurance Package, Global, 2017
- 29. Automotive Data Monetization Market: Otonomo’s Data Exchange Platform, Global, 2017
- 30. Automotive UBI Market : Policies Market Share, Global, FY 2016–2017
- 31. Automotive UBI Market: Revenue Analysis, Global, FY 2016–2017
Popular Topics
The strategic analysis of the Usage Based Insurance (UBI) market offers a 360-degree perspective of the connected insurance policies answering questions, such as: Where are the avenues for growth opportunities? What trends are affecting the growth of the market in different regions? It discusses the outlook for technologies such as telematics-based pay as you drive (PAYD) and pay how you drive (PHYD) solutions. The research also looks into key market participants who are and will impact the future of the motor insurance market.
UBI utilizes data that is gathered from smartphones, telematics devices, sensors, and applications analyzing driving behavior, including speeding and braking behaviors. Based on safe driving behavior (identified from the data gathered from an array of IoT devices mentioned above), a customer with a safe driving behavior is given a reward-based discounts or lower premium.
This research highlights market, technology, and regional trends so the reader will understand where opportunities await in the market. Top trends include data-enabled use cases, data monetization, and scenarios of technologies such as blockchain with case studies from top automakers. The forecasts for connected insurance policies are provided from 2017 to 2025 along with market share of telematics service providers and also insurance companies. The study also analyzes different devices required for data extraction and the pros and cons of each kind of device. Emphasis has been laid on smartphone as a sensor for data collection and the dongle market scenarios.
Furthermore, this study features important case studies of telematics service providers and insurance companies by looking into company portfolio of solutions and services, key associations in the industry, and also future outlooks. Device preference for connected insurance and the movement towards embedded telematics units in Europe are highlighted – for example, the eCall impact on insurance.
Car companies are evo
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| Podcast | No |
| Table of Contents | | Executive Summary~ || Key Findings~ || UBI Market Forecast 2017 and 2025~ || Global UBI Market—Market Share of TSPs and Insurance Companies~ || Estimate of Policies by Device Type~ || Global Motor Insurance Premium Market—AV Impact~ || Total OBD Adoption in North America~ || Total OBD Adoption in Europe~ || UBI Ecosystem~ || Insurance Providers—Overview~ || Insurance Companies—UBI Analysis~ || OEM Partnerships with Insurance Companies and TSPs~ || Future UBI Services—Leverage IoT and Latest Technologies~ || Proactive First Notification Of Loss (FNOL)~ || Blockchain in UBI—Toyota~ || Artificial Intelligence (AI) Usage Across Insurance Industry~ || Autonomous Vehicles Impact Analysis~ || Octo Telematics—Market Share Analysis~ || UBI Pricing Model Analysis~ || UBI—2017 vs. 2025~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Related Frost & Sullivan Video Content Available for Support~ || Research Methodology~ | Automotive Usage Based Insurance Market—Introduction and Product Overview~ || UBI Business Model Definition~ || UBI Product Life Cycle Analysis~ || Connected Insurance~ || UBI Product Types—Telematics-based Insurance Delivery Options~ || Driver Scoring Graph~ || Driver Engagement Models from Insurance Companies~ | Automotive Usage Based Insurance Market—Market Size and Analysis~ || UBI Vendor Analysis~ || UBI Market Forecast—2017 and 2025~ || Global UBI Market—Market Share of TSPs and Insurance Companies~ || Estimate of Policies by Device Type~ | Automotive Usage Based Insurance Market—Regional Analysis~ || North America—UBI Market Analysis~ || Europe—UBI Market Analysis~ || Case Study—Telematics Insurance in Italy~ || LATAM—Telematics-Based Insurance Analysis~ || UBI Interest Map in India—A Snapshot~ || UBI Product Life Cycle Analysis—China~ || Pilot UBI Product in China—Ping An~ | Automotive Usage Based Insurance Market—Disruptive Business Models~ || On-Demand Insurance Business Model~ || Driving Factors for On-Demand Insurance~ || Pay Per Mile—By Miles Business Model~ || Impact of Crash Mitigating Technologies on Premium~ | Automotive Usage Based Insurance Market—Start-up Companies and Business Models~ || Nexar~ || Vision-Based Driver Scoring—Nexar~ || Dash~ || DashLabs~ || TrueMotion~ || Zendrive~ || The Floow~ || MyDrive Solutions~ || Cambridge Mobile Telematics (CMT)~ | Effect of Autonomous Car on UBI~ || Impact of Autonomous Cars on UBI~ || Parameters Considered for Motor Insurance Premium Calculations~ || Opportunity for Insurance Companies with Autonomous Cars~ || Motor Insurance Package~ || Possible Future Business Models of Motor Insurance Companies~ | Automotive Usage Based Insurance Market—Insurance Company Profiles~ || Insurance Companies—UBI Analysis~ || Insurance Company Benchmarking~ || Progressive~ || Allstate~ || Allstate—Drivewise Platform~ || State Farm~ || Hartford~ || Hartford—TrueLane Platform~ || Travelers~ || Swiss Re~ || Swiss Re—Swiss Re Automotive Solutions~ || Allianz~ || Allianz—Bonus Drive Platform~ || Marmalade Insurance~ | Data Monetization in UBI~ || Data Collection~ || The Floow—Helping OEMs to Monetize Data~ || UBI Business Model~ || Otonomo’s Data Exchange Platform~ || Commercial Data Types Tracked by Otonomo~ | Telematics Service Provider Profiles~ || Octo Telematics—Overview and Market Share Analysis~ || Octo Telematics—UBI Capability~ || Octo Telematics—Ecosystem Snapshot~ || Octo Telematics—Link Program~ || LexisNexis Risk Solutions—Company Overview~ || LexisNexis—UBI Capability~ || Vodafone—UBI Solution~ || Verizon—UBI Solution~ || AT&T—UBI Solution~ | Automotive Usage Based Insurance Market—Growth Opportunity Analysis~ || Growth Opportunity—Partnerships and Business Models~ || Automotive UBI Companies~ || Automotive UBI—Strategic Imperatives~ | Conclusion~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Exhibits~ |
| List of Charts and Figures | 1. Automotive UBI Market: Key Findings, Global, 2017~ 2. Automotive UBI Market: Insurance Providers – Overview, Global, 2017~ 3. Automotive UBI Market: Insurance Companies – UBI Analysis, Global, 2017~ 4. Automotive UBI Market: OEM Partnerships, Global, 2017~ 5. Automotive UBI Market: Octo Telematics, Global, 2017~ 6. Automotive UBI Market: Key Findings, Global 2017–2025~ 7. Automotive UBI Market: Key Participants, Global, 2017~ 8. Automotive UBI Market: UBI Vendor Analysis, Global, 2017~ 9. Automotive UBI Market: UBI Interest Map, India, 2017~ 10. Automotive UBI Market: Parametric Impact Analysis, Global, 2017–2050~ 11. Motor Insurance Market: Possible Future Business Models, Global, 2017–2050~ 12. Automotive UBI Market: Insurance Companies – UBI Analysis, Global, 2017~ 13. Automotive UBI Market: Insurance Company Benchmarking, Global, 2017~ 14. Automotive UBI Market: Octo Telematics, Global, 2017~ 15. Automotive UBI Market: LexisNexis Risk Solutions—Company, Global, 2017~| 1. Automotive UBI Market: Penetration Forecast, Global, 2017 and 2025~ 2. Automotive UBI Market: Market Share of TSPs, Global, 2017~ 3. Automotive UBI Market: Market Share of Insurance Companies, Global, 2017~ 4. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2017~ 5. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2025~ 6. Automotive UBI Market: AV Impact on Motor Insurance Premium, Global, 2017–2035~ 7. OBD II Automotive Aftermarket: Total OBD Adoption, NA, 2016–2023~ 8. OBD II Automotive Aftermarket: Total OBD Adoption, Europe, 2016–2023~ 9. Automotive UBI Market: Future Services, Global, 2016–2025~ 10. Automotive UBI Market: Autonomous Vehicles Impact Analysis, Global, 2017~ 11. Automotive UBI Market: Policies Market Share, Global, FY 2016–2017~ 12. Automotive UBI Market: UBI Product Life Cycle Analysis, Global, 2017~ 13. Automotive UBI Market: Connected Insurance, Global, 2017~ 14. Automotive UBI Market: Driver Scoring Graph, Global, 2017~ 15. Automotive UBI Market: Penetration Forecast, Global, 2017 and 2025~ 16. Automotive UBI Market: Market Share of TSPs, Global, 2017~ 17. Automotive UBI Market: Market Share of Insurance Companies, Global, 2017~ 18. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2017~ 19. Automotive UBI Market: Estimate of Policies by Device Type, Global, 2025~ 20. Automotive UBI Market: Market Analysis, Europe, 2017~ 21. Automotive UBI Market: Revenue Generating Avenues for UBI by Country, Europe, 2017~ 22. Telematics-Based Insurance Business Model Opportunities, LATAM, 2017–2023~ 23. Insured Vehicles in Operation, LATAM, 2017~ 24. Automotive UBI Market: UBI Product Life Cycle Analysis, China 2000–2020~ 25. Automotive UBI Market: Impact of Crash Mitigating Technologies, Global,2017 ~ 26. UBI Market: TrueMotion, Global, 2017~ 27. Automotive UBI Market: Current and Future Parameters, Global, 2014 and 2050~ 28. UBI Market: Motor Insurance Package, Global, 2017~ 29. Automotive Data Monetization Market: Otonomo’s Data Exchange Platform, Global, 2017 ~ 30. Automotive UBI Market : Policies Market Share, Global, FY 2016–2017~ 31. Automotive UBI Market: Revenue Analysis, Global, FY 2016–2017~ |
| Author | Ramnath Eswaravadivoo |
| Industries | Automotive |
| WIP Number | MD31-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9673-A6,9800-A6,9807-A6,9813-A6,9A70-A6,9AF6-A6,9AF7-A6 |