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

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Sep 05, 2018, 08:30 ET

DUBLIN, Sept. 5, 2018 /PRNewswire/ --

The "Global Strategic Analysis of Usage-based Insurance Market for Passenger Vehicles, Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

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.

Key Topics Covered:

1. EXECUTIVE SUMMARY

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

2. RESEARCH SCOPE, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Research Background
Research Methodology

3. AUTOMOTIVE USAGE BASED INSURANCE MARKET - INTRODUCTION AND PRODUCT OVERVIEW

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

4. AUTOMOTIVE USAGE BASED INSURANCE MARKET - MARKET SIZE AND ANALYSIS

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

5. AUTOMOTIVE USAGE BASED INSURANCE MARKET - REGIONAL ANALYSIS

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

6. AUTOMOTIVE USAGE BASED INSURANCE MARKET - DISRUPTIVE BUSINESS MODELS

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

7. AUTOMOTIVE USAGE BASED INSURANCE MARKET - START-UP COMPANIES AND BUSINESS MODELS

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)

8. EFFECT OF AUTONOMOUS CAR ON UBI

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

9. AUTOMOTIVE USAGE BASED INSURANCE MARKET - INSURANCE COMPANY PROFILES

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

10. DATA MONETIZATION IN UBI

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

11. TELEMATICS SERVICE PROVIDER PROFILES

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

12. AUTOMOTIVE USAGE BASED INSURANCE MARKET - GROWTH OPPORTUNITY ANALYSIS

Automotive Usage Based Insurance Market - Growth Opportunity Analysis
Growth Opportunity - Partnerships and Business Models
Automotive UBI Companies
Automotive UBI - Strategic Imperatives

13. CONCLUSION

Conclusion
The Last Word - 3 Big Predictions
Legal Disclaimer

14. APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/lnmz4b/global_strategic?w=5

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