Usage-Based Insurance Market worth $66.8 billion by 2026
The global Usage-Based Insurance Market size was valued at USD 19.6 billion in 2021 and projected to reach USD 66.8 billion by 2026, growing at a CAGR of 27.7% during the forecast period.
Factors such as lower insurance premium compared to regular insurance, government regulations on telematics, high adoption of connected car services, and growing on-road vehicles are expected to drive the demand...
Usage-Based Insurance Market Size, Growth, Demand, Opportunities & Forecast To 2026
The Usage-Based Insurance Market is projected to reach USD 66.8
billion by 2026 from an estimated USD 19.6 billion in 2021, growing at a CAGR
of 27.7% during the forecast period. The increasing adoption of telematics and
connected car services is expected to drive the usage-based insurance market.
The rolling out of various UBI packages in countries such as India, South
Africa is expected to further...
Usage-Based Insurance Market Estimated to reach $66.8 billion by 2026
The report “Usage-Based Insurance Market for ICE & Electric Vehicle by Package (PAYD, PHYD, MHYD), Technology (OBD-II, Black box, Smartphone, Embedded), Vehicle Age (New, Old), Device Offering (BYOD, Company Provided) and Region – Global Forecast to 2026″, is projected to reach USD 66.8 billion by 2026 from an estimated USD 19.6 billion in 2021, at a CAGR of 27.7% during the...
Usage-Based Insurance Market Interpreted by a New Report
The Usage-Based Insurance Market is projected to reach USD 66.8 billion by 2026 from an estimated USD 19.6 billion in 2021, growing at a CAGR of 27.7% during the forecast period. The increasing adoption of telematics and connected car services is expected to drive the usage-based insurance market. The rolling out of various UBI packages in countries such as India, South Africa is expected...
Many companies are operating in the usage-based insurance market space across the globe. Who, according to you, are the frontrunners, and what strategies have they adopted?
The report “Usage-Based Insurance Market for Automotive by Package type, Technology type (OBD-II, Blackbox, Smartphone, Embedded, and Other technologies), Vehicle type, Vehicle age, Device Offering, Electric & Hybrid vehicles, and Region – Global forecast to 2027″, is projected to reach USD 125.7 billion by 2027 from an estimated USD 24.0 billion in 2019, at a CAGR...