UBI Market Global and China Analysis for 2016-2020

Sep 19, 2016, 02:00 ET from RnR Market Research

PUNE, India, September 19, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China UBI Industry Report, 2016-2020" and "Global UBI Products Industry 2016 Market Research Report" with 2020 and 2021 forecasts data and information to its online business intelligence library.

UBI Industry Report, 2016-2020 focuses on the followings: UBI overview (definition, value, methods of acquisition, difficulties for UBI development in China), Foreign UBI markets (global; UBI in United States, Canada, UK, and Germany; 10 UBI companies and products in United States, Canada, UK, Germany, and Italy), UBI in China (future scale, drivers, players, trends) and Local Chinese UBI companies (business, operation, and UBI products of China Life, PICC, Ping An Insurance, Zhong An Online P&C Insurance, Cihon, DiNA Technology, Shenzhen Dingran Information Technology, Shenzhen Autonet, Launch Tech, Renrenbao, Carsmart, MSD, and Deren Electronic).

Complete report of 110 pages and 75 list of charts is available at http://www.rnrmarketresearch.com/global-and-china-ubi-industry-report-2016-2020-market-report.html .

Staring from 2012, UBI in China lags behind that in foreign countries. Hence, domestic UBI products are operated with reference to some foreign mature models. Various Chinese parties are actively promoting the development of UBI for now.

OEMs + Insurers

OEMs usually cooperate with third parties and insurers in UBI field, represented by SAIC Motor + Cihon + CPIC. SAIC Motor and CPIC give a personalized quota for car insurance on auto models carrying OnStar according to consumers' driving habits, mileage, and other factors. Cihon is responsible for data analysis and insurance model development.

UBI Cases in Europe at UnipolSai, Generali, Allianz, Insure The Box and RISK Technology.

UBI Cases and Companies in North America are Progressive, State Farm, Allstate, Desjardins and Hartford.

UBI-related Companies in China are China Life Property & Casualty Insurance Co., Ltd., PICC P&C, Ping An Property & Casualty Insurance Co. of China, Zhong An Online P&C Insurance Co., Ltd., Carsmart, Cihon, DiNA Technology, Risk Network, Shenzhen Dingran Information Technology, Shenzhen Autonet, Launch Tech, MSD, Nanjing Renrenbao Network Technology Co., Ltd. and Deren Electronic.

Purchase a copy of Global and China UBI Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=675415 .

Telematics Platforms or Parts Manufacturers + Insurers

Telematics platforms are dominated by AM TSP in UBI field. For example, the insurer (PICC), via Shenzhen Autonet's Telematics platform, provides car owners with one-key insurance claim, quick settlement of claim, and inquiry of insurance status, and develops floating car insurance business. Parts manufacturers launch their own AM hardware or set up UBI-related companies. For instance, Deren Electronic, on the one hand, teams up with ATzuche to release its own OBD, and on the other hand, acquires Telematics-related companies and set up Dedao TSP with CPIC.

Independent Service Providers + Insurers

Independent service providers usually acquire customer data via APP + OBD to work with insurers to develop UBI and at the same time provide customers with preferential services with regard to maintenance and other aspects.

Big Data + Insurers

In UBI field, some insurers, on the one hand, have self-operated platforms, such as Zhong An Online P&C Insurance's O2O car insurance, and on the other hand, co-develop platforms with Internet businesses or other Telematics firms. For example, CPIC organized Internet companies with Baidu and invested in Atzuche. Big data enterprises employ various methods in UBI field, like Jingyou, a provider of database and risk models.

Chinese UBI market will grow rapidly propelled by the aforementioned parties, reflected in not only iterative acceleration in market size but also more diversified service mechanisms. For example, insurers will provide not only price discounts but also other services like emergency rescue, remote diagnosis, maintenance reservation, and weather & traffic conditions; with development of mobile phone hardware and the popularity of 4G network, mobile APP-based UBI will burgeon; driving habits and mileage will not be the only criteria for privileges, and age, gender, and devices installed on the vehicle will be taken into account when the discount is calculated.

On similar lines, RnRMarketResearch.com has another Global UBI Products Industry 2016 Market Research Report that is spread across 157 pages and supported with 284 data tables and figures. This UBI Products industry research profiles 15 companies like include Baseline Telematics, Vodafone Automotive, Masternaut, Modus, MyDrive Solutions, Octo Telematics, TomTom Telematics, Tencent Lobo, Beijing Carsmart Technology, Nanjing Renrenbao Network Technology, Launch Tech, Shenzhen Autonet, Risk Network, JiangSu CPS Digital DNA Science Technology Development and NICIGO. With 284 tables and figures the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Read more at http://www.rnrmarketresearch.com/global-ubi-products-industry-2016-market-research-report-market-report.html .

Explore more Insurance market reports at http://www.rnrmarketresearch.com/reports/business-financial-services/financial-services/insurance-financial-services .

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