Global Automotive Usage-Based Insurance Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

Usage-based insurance (UBI) also known as pay as you drive (PAYD) and pay how you drive (PHYD) and mile-based auto insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.This differs from traditional insurance, which attempts to differentiate and reward "safe" drivers, giving them lower premiums and/or a no-claims bonus. The Automotive Usage-Based Insurance market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global Automotive Usage-Based Insurance market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the Automotive Usage-Based Insurance Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in Automotive Usage-Based Insurance market are: Desjardins Insurance Liberty Mutual Insurance Esurance Insurance Services, Inc. Allianz SE Insurance Box Pty Ltd The Travelers Indemnity Company Metromile Inc. Trak Global Group Progressive Casualty Insurance Company Nationwide Mutual Insurance Company Most important types of Automotive Usage-Based Insurance products covered in this report are: Pay-As-You-Drive (PAYD) Pay-How-You-Drive (PHYD) Manage-How-You-Drive (MHYD) Most widely used downstream fields of Automotive Usage-Based Insurance market covered in this report are: Light-Duty Vehicle (LDV) Heavy-Duty Vehicle (HDV) Passenger cars Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.