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Global Usage-Based Insurance Market Outlook 2017-2026 by Technology, Package Type, Device Offering, Vehicle Age, Vehicle Type, Electric and Hybrid Vehicle, Application & Geography - ResearchAndMarkets.comThe "Usage-based Insurance - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering. Global Usage-Based Insurance market accounted for $20.26 billion in 2017 and is expected to reach $112.18 billion by 2026 growing at a CAGR of 20.9% during the forecast period. Increase in vehicle purchase and adoption of technologies such as connected car & telematics are set to impel the growth of the market. However, lack of stability and standardization of the regulations are hampering the market. The usage-based insurance is a concept or profile of insurance in which the insurance that is paid to the good and services are depended upon our usage attributes such as duration, limits and other factors with respect to the product. The insurance can be set according to the requirements of the user by selecting the best suitable package. This concept of insurance help in fast, easy and accurate redemption and help in saving the money by avoiding the payments for unwated. Pay-As-You-Drive (PAYD) amongst the package type is expected to be spurring the markets for usage-based insurance. The cost economic nature, ease of deployment and no complexity is set to drive the market. In addition, this insurance package reduces vehicle emissions as it binds consumers to drive accordingly to the package. Key Topics Covered: 1 Executive Summary 2 Preface 3 Market Trend Analysis 4 Porters Five Force Analysis 5 Global Usage-Based Insurance Market, By Technology 6 Global Usage-Based Insurance Market, By Package Type 7 Global Usage-Based Insurance Market, By Device Offering 8 Global Usage-Based Insurance Market, By Vehicle Age 9 Global Usage-Based Insurance Market, By Vehicle Type 10 Global Usage-Based Insurance Market, By Electric and Hybrid Vehicle 11 Global Usage-Based Insurance Market, By Application 12 Global Usage-Based Insurance Market, By Geography 13 Key Developments 14 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/v4plxn/global?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005848/en/ |
