(MoneyNewsWire.Net, April 03, 2018 ) “Global UBI (Usage Based Insurance) Market Analysis & Forecast Report 2017-2022”.
The report analysis the global market of UBI (Usage Based Insurance) by main manufactures and geographic regions. The report includes UBI (Usage Based Insurance) definitions, classifications, applications and market chain structure, development trends, competitive landscape analysis, and key regions development and import/export status.
Usage-based insurance (UBI) is a telematics-based insurance service in which premiums are based on driving behavior of consumers. Type of road used, braking, and cornering pattern are amongst the factors according to which the premiums are charged. Usage-based insurance includes different services such as pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD).
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Players have adopted partnership and expansion as their key strategies to increase their market share. For instance, Progressive Corporation, entered into a partnership with Zubie, a U.S. based telematics solution provider. Local companies, such as Admiral Group plc, Allstate Corporation and others primarily in developed markets, offer tough competition to the established players. Privacy concerns and increase in telematics installation cost have posed major challenges for manufacturers. The key developmental strategies adopted by the companies are discussed in the report.
Research Methodology
The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with related companies and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.
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