North America Usage-Based Insurance Market Set For Rapid Growth | Renowned Players Are Vodafone, Allstate Insurance Company, Octo Group, TomTom International, Allianz, TrueMotion
This North America usage based insurance report endows clients with the highly developed information on their business scenario which helps them stand high in the competition in this fast paced business environment. This market research report has latest and efficient market insights with which businesses can ponder to enhance their marketing, advertising, promotional and sales strategies. This market research report performs the systematic, to the point and far-reaching study of the facts associated with any subject in the field of marketing. Huge data and information of this North America usage based insurance report is collected from a variety of trustworthy sources such as journals, websites, white papers, annual reports of the companies, and mergers
North America usage based insurance market is growing with healthy CAGR of 19.3% in the forecast period of 2019 to 2026.
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Key Segmentation: North America Usage-Based Insurance Market
By Package type (pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD)), vehicle type (light-duty vehicle (LDV), heavy-duty vehicles (HDV)), Device offering (company provided, bring your own device (BYOD)), Technology (OBD-II, smartphone, embedded system, black box and others), Vehicle age (new vehicles, on-road vehicles), Electric and hybrid vehicle (hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV)), Country (U.S., Canada, Mexico)
Leading Players operating in the North America Usage-Based Insurance Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Allstate Insurance Company,
Cambridge Mobile Telematics
Points Which Are Focused In the Report
The report offers market share appraisals for regional and global levels
Potential and niche segments/regions exhibiting promising growth
What are the challenges being faced by the new entrants
Future trends to elucidate imminent investment pockets.
This report provides pin-point analysis for changing competitive dynamics
Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report
Major Industry Competitors: North America Usage-Based Insurance Market
Some of the prominent participants operating in this market are Intelligent Mechatronic Systems Inc., TrueMotion, Cambridge Mobile Telematics, Insure The Box Limited, Progressive Casualty Insurance Company, Modus Group, LLC, Inseego Corp, Metromile Inc., The Floow Limited, Vodafone, Allstate Insurance Company, Octo Group, , TomTom International, Allianz, AXA Equitable Life Insurance Company, , Liberty Mutual Insurance, Verizon, Sierra Wireless, , Mapfre, Movitrack Viasat, Inc., ASSICURAZIONI GENERALI S.P.A., and UNIPOLSAI ASSICURAZIONI S.P.A.
Key Developments in the Market:
In September 2018, Allstate launched a product for life insurance which will pay on monthly basis rather than lump sum amount. This is consumer driven product which will help the company to cover more market share and to aware the people about life insurance.
In October 2018, The Floow launches FlowFleet for the insurer who deals in commercial line. This helped the insurance company to better manage the risk and to provide the optimal premium price to their customer in the high premium rising market.
In June 2018, Allstate launched pay per mile i.e. usage based insurance in New Jersey. This insurance gives more control to customer about their insurance premium and plans for using telematics services for better management in their insurance segment.
In March 2018, Octo Telematics entered into partnership with Renault finance company to provide data analytics and services to its customer globally. This will increase the global market share of the company.
Some extract from Table of Contents
Overview of North America Usage-Based Insurance Market
Usage-Based Insurance Size (Sales Volume) Comparison by Type
Usage-Based Insurance Size (Consumption) and Market Share Comparison by Application
Usage-Based Insurance Size (Value) Comparison by Region
Usage-Based Insurance Sales, Revenue and Growth Rate
Usage-Based Insurance Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of North America Usage-Based Insurance
Global North America Usage-Based Insurance Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
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Key Research Methodology Used By Data Bridge market Research
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Originally Published on : https://www.openpr.com/news/2162863/north-america-usage-based-insurance-market-set-for-rapid-growth
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