Market Research Report
Automotive Usage-Based Insurance (UBI) Market Report 2020-2030: Forecasts by Pricing Model, by Data Collection Method, by Technology Incorporated, by Geography, plus Leading TSP & Companies Developing Insurance Telematics
|Published by||Visiongain Ltd||Product code||922966|
|Published||Content info||204 Pages
Delivery time: 1-2 business days
|Automotive Usage-Based Insurance (UBI) Market Report 2020-2030: Forecasts by Pricing Model, by Data Collection Method, by Technology Incorporated, by Geography, plus Leading TSP & Companies Developing Insurance Telematics|
|Published: December 11, 2019||Content info: 204 Pages||
Automotive Usage-Based Insurance (UBI) Market Report 2020-2030
Forecasts by Pricing Model (Pay as You Drive (PAYD), Pay How You Drive (PHYD), Manage How You Drive (MHYD)), by Data Collection Method (On-Board Diagnostics (OBD II), Smartphone, Hybrid, Black-Box), by Technology Incorporated (Application Based System, Embedded System) & by Geography. Plus Leading Telematics Service Providers (TSP) & Companies Developing Insurance Telematics.
This latest report by business intelligence provider Visiongain assesses that the global Automotive Usage Based Insurance market is expected to grow at a lucrative rate during the forecast period. Explosives are divided into two categories namely primary explosives and secondary explosives. Primary explosives have a high degree of sensitivity to initiation through shock, friction, electric spark, or high temperatures and explode whether they are confined or unconfined. While secondary explosives are generally more powerful than primary explosives and can not be detonated readily by heat or shock.
Telematics refers to the combined usage of telecommunications and information technology for automobiles. It includes everything from GPS systems to entertainment systems. Telematics can exactly locate the exact position of the car, its speed and the behaviour of the car internally. It is most widely used for providing services such as roadside assistance, real-time navigation, vehicle tracking, and increasingly, car insurance.
With the rapid change in the technology, automotive manufacturers are coming up with innovative ideas for the use of telematics in their vehicles, of which telematics insurance is one significant concept. Usage-based insurance, also known as telematics insurance, whereby, the premium cost is subjected to the use of a vehicle, measured against, distance travelled, time of usage, and in-vehicle behavioural pattern of the driver. It is a recent innovation by auto insurers that closely aligns driving behaviours with risk to calculate the premium rates for auto insurance. Odometer readings or in-vehicle telematics devices self-installed into a vehicle port or already integrated into original equipment installed by car manufacturers are used to track the mileage and driving behaviours. The basic idea of telematics auto insurance is that a driver's behaviour is monitored directly while the person drives. These telematics devices measure several elements of interest: time of day; miles drove; place (GPS); acceleration; hard braking; hard cornering; and airbag deployment. The level of accuracy depends on the data collected, the telematics technology employed and the user's willingness to share their private data. The insurance provider then evaluates the data and accordingly charges the insurance premiums.
The 204-page report provides clear, detailed insight into the global Automotive Usage Based Insurance market. Discover the key drivers and challenges affecting the market.
By ordering and reading our brand-new report today, you stay better informed and ready to act.
The report delivers considerable added value by revealing:
Other companies of interest
as well as key analysis and assessment of other important players
This independent, 200+ page report guarantees you will remain better informed than your competition. With more than 122 tables and figures examining the Automotive Usage Based Insurances market space, the report gives you a visual, one-stop breakdown of your market. PLUS capital expenditure forecasts, as well as analysis, from 2019 - 2029 keeps your knowledge that one step ahead that you require to succeed.
This report is essential reading for you or anyone in the Automotive sector with an interest in Automotive Usage Based Insurances. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there. I look forward to receiving your order.
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