10 mai 2020

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018 This statistic displays the market penetration of the telematics, otherwise known as usage based insurance (UBI) in Italy, the United Kingdom (UK) and Europe as of 2018. Overall the market penetration of usage based insurance in Europe was two percent as of 2018.   Read more: https://www.statista.com/statistics/888342/telematic-insurance-penetration-in-europe-by-country/#statisticContainer

25 avril 2020

Why Usage based Insurance (UBI) should be offered by Indian Insurance companies?

Why Usage based Insurance (UBI) should be offered by Indian Insurance companies? Usage-Based Insurance (UBI) is an innovative system of assurance that aligns driving behaviour with premium rates for vehicle insurance. Mileage and driving behaviours are tracked using telematics devices that are installed in a vehicle or have already been integrated during manufacturing.The basic idea of integrating telematics with vehicle insurance is to get driver's behaviour monitored directly in real time. These telematics devices measure a number... [Lire la suite]
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03 avril 2020

THE FUTURE TRENDS OF USAGE BASED INSURANCE AND TELEMATICS

THE FUTURE TRENDS OF USAGE BASED INSURANCE AND TELEMATICS 3 REASONS USAGE BASED INSURANCE IS DRIVING BILLIONS OF DOLLARS IN GLOBAL TELEMATICS MARKET GROWTH   It’s not hard to understand and forecast why usage based insurance (UBI) — otherwise known as behaviour-based insurance or pay-as-you-drive (PAYD) — is becoming popular among North American drivers and rest of the world. With improved governmental regulations and technology market penetration the industry estimates the automotive telematics market is... [Lire la suite]
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20 mars 2020

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018

Usage based share of insurance (UBI) penetration by number of policies in Italy, the United Kingdom (UK) and Europe as of 2018   This statistic displays the market penetration of the telematics, otherwise known as usage based insurance (UBI) in Italy, the United Kingdom (UK) and Europe as of 2018. Overall the market penetration of usage based insurance in Europe was two percent as of 2018. Read more: https://www.statista.com/statistics/888342/telematic-insurance-penetration-in-europe-by-country/
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16 mars 2020

Usage Based Insurance Market Size, Share, Sales, Growth and Forecast 2019 to 2026

Usage Based Insurance Market Size, Share, Sales, Growth and Forecast 2019 to 2026 The global ​usage based insurance market size is expected to reach around US$ 200 Bn by 2026, expanding at a CAGR of more than 30% during the forecast period 2019 to 2026. The report analyzes and forecasts the usage based insurance market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact... [Lire la suite]
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29 février 2020

Global Usage-Based Insurance Market (2019 to 2027)

Global Usage-Based Insurance Market (2019 to 2027) - Developing Automotive Usage-Based Insurance Ecosystem Presents Opportunities The usage-based insurance market for automotive is projected to reach USD 126 billion by 2027 from USD 24 billion in 2019, at a CAGR of 23.0%. Increasing adoption of telematics and connected cars is expected to drive the usage-based insurance market. According to Ernst & Young, 88 percent of all new cars in 2025 will feature embedded telematics. Intel research shows that connected cars are the... [Lire la suite]
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22 février 2020

Usage-Based Insurance Accelerates In the United States

Usage-Based Insurance Accelerates In the United States As UBI programs continue to gain popularity across the United States, driving behaviors, miles driven and time of day travelled will begin to replace traditional auto insurance. Lately, it’s been hard to ignore the traction usage-based insurance (UBI) has been gaining in the United States. According to PTOLEMUS, a Brussels-based research and strategy consulting firm focused on mobility, of the 875 million auto insurance policies, about 20 million were usage-based last... [Lire la suite]
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02 février 2020

Is it Time for Usage-Based Insurance for Vehicles in Indian Market? A Critical Analysis

Is it Time for Usage-Based Insurance for Vehicles in Indian Market? A Critical Analysis Most car owners in the current state of the market are content with buying the simple third-party insurance or a comprehensive insurance that covers damage to the vehicle, usually with a significant number of exclusions. Most new types of cover are not yet known to many consumers, or those policyholders who tend to go ahead with the traditional means of insuring a vehicle. In fact we could go so far as to say there... [Lire la suite]
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24 janvier 2020

Japan Usage Based Insurance Market

Japan Usage Based Insurance Market In the present era, the insurance industry has grown more effectively with the introduction of new and effective policies for safeguarding the people. Whereas, the introduction of the usage based insurance differs from the traditional insurance, which attempts to differentiate and reward “safe” drivers, delivering them lower premiums and/or a no-claims bonus. Whereas, the usage based insurance is the sort of vehicle insurance whereby costs are dependent upon the variety of vehicle utilized,... [Lire la suite]
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18 janvier 2020

Usage-Based Car Insurance in India

Usage-Based Car Insurance in India The motor insurance industry is witnessing a fast progress and innovative technological development in the recent years. With multiple new concepts launched for both the insurer and the drivers, this industry is seeing new dimensions. Though very less is known about the Usage-Based car insurance, this is an innovative concept which can change the future of motor insurance industry. This concept mainly works on the basis of telematics and RF technology to understand the driving nature as well as the... [Lire la suite]
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