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TMCNet:  Global Automotive Usage-Based Insurance Market Report (2018-2022) - Allianz, Intelligent Mechatronic Systems, Watchstone Group, Octo Telematics, and Sierra Wireless are Dominating - ResearchAndMarkets.com

[March 12, 2018]

Global Automotive Usage-Based Insurance Market Report (2018-2022) - Allianz, Intelligent Mechatronic Systems, Watchstone Group, Octo Telematics, and Sierra Wireless are Dominating - ResearchAndMarkets.com

The "Global Automotive Usage-Based Insurance Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global automotive usage-based insurance market to grow at a CAGR of 6.87% during the period 2018-2022.

The report 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.

The latest trend gaining momentum in the market is shared data plans to reduce data subscribers per user. We expect that the number of connected devices in the ecosystem will grow to more than 55 billion units by 2022 and that every person will have at least seven connected devices on an average. The billing model for the provision of telecom operators is still unclear. Further, the report states that one of the major factors hindering the growth of this market is the high cost of telemtic device installation.

One of the major drivers for this market is flexible pricing schemes. Traditional auto insurance relies on historical data such as driving record, credit-based insurance score, garage location, personal characteristics, vehicle type, vehicle use, previous claims, liability limits, and deductibles. The discounts on premium in traditional auto insurance were done by combining different parameters such as insurance on multiple vehicles, insurance with multiple carriers, and the availability of protection devices like airbags. Such kind of policies made traditional auto insurance a fixed cost, which was assessed and was required to be paid annually, semi-annually, or quarterly basis.

Key Vendors

  • Allianz
  • Intelligent Mechatronic Systems (News - Alert)
  • Watchstone Group
  • Octo Telematics
  • Sierra Wireless

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation by Pricing Scheme

Part 08: Market Segmentation by Application

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/4ws4n6/global_automotive?w=4


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