Global Usage based Insurance Market

Global Usage-based Insurance (ubi) Market Trend and Development Strategy Analysis 2023-2029

Global Usage based Insurance Market

Global Usage-based Insurance (ubi) Market Trend and Development Strategy Analysis 2023-2029

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Market Analysis and Insights: Global Usage-based Insurance (ubi) Market

The global Usage-based Insurance (ubi) market size in 2022 is 22790.0 million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 26.60% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Usage-based Insurance (ubi) market include Allianz SE, Allstate Insurance Company, ASSICURAZIONI GENERALI S.P.A., AVIVA PLC, and AXA. The share of the top 3 players in the Usage-based Insurance (ubi) market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Usage-based Insurance (ubi) market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. OBD-II accounted for XX% of Usage-based Insurance (ubi) market in 2022. Smartphone share of XX%.

Passenger Vehicle accounted for XX% of the Usage-based Insurance (ubi) market in 2022. Commercial Vehicle accounts for XX%.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Usage-based Insurance (ubi) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Usage-based Insurance (ubi) market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Usage-based Insurance (ubi) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Usage-based Insurance (ubi) market.

Global Usage-based Insurance (ubi) Scope and Market Size

Usage-based Insurance (ubi) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Usage-based Insurance (ubi) market will be able to gain the upper hand as they use the report as a powerful resource.

The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Usage-based Insurance (ubi) industry is considered in the report, covering the dynamic analysis of the development of the Usage-based Insurance (ubi) industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.

The ongoing transformation of the business and financial services industry is driven by technological advancements, changing customer expectations, regulatory reforms, and the need for sustainability and resilience in a rapidly evolving business environment. As the world's economies and incomes continue to grow, so do the business and financial services industries, which are constantly changing and developing trends.

Digital Transformation: The industry has embraced digital technologies to enhance operational efficiency and improve customer experience. Fintech (financial technology) companies have disrupted traditional financial services by offering innovative digital solutions such as mobile payments, robo-advisors, and blockchain-based transactions.

Remote Work and Collaboration: The COVID-19 pandemic accelerated the adoption of remote work and digital collaboration tools in the financial services industry. Firms have implemented remote working arrangements, expanded online communication channels, and invested in cybersecurity measures to ensure business continuity and adapt to changing work dynamics.

Key Regions Covered in This Report Are

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Spain

Nordic

Asia Pacific

China

Japan

South Korea

India

Southeast Asia

Australia

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Egypt

South Africa

UAE

Turkey

Saudi Arabia

Some of the major players operating in the global market include:

Allianz SE

Allstate Insurance Company

ASSICURAZIONI GENERALI S.P.A.

AVIVA PLC

AXA

Cambridge Mobile Telematics

Danlaw Inc.

Desjardins Group

The Box Limited

Intelligent Mechatronic Systems Inc.

Liberty Mutual Insurance

Mapfre S.A.

Metromile Inc.

Nationwide

Segment by Type

OBD-II

Smartphone

Black Box

Application list

Passenger Vehicle

Commercial Vehicle


Key Highlights of the Report:

  • Market Performance (2016-2021)

  • Market Outlook (2022-2028)

  • Market Trends

  • Market Drivers and Success Factors

  • Impact of COVID-19

  • Value Chain Analysis

  • Comprehensive mapping of the competitive landscape

Table of Content

1 Usage-based Insurance (ubi) Market Introduction and Overview

1.1 Usage-based Insurance (ubi) Definition

1.2 Research Purposes

1.3 Report Timeline

1.4 Economic Analysis of Global Regions

1.5 Usage-based Insurance (ubi) Industry Dynamic Analysis

1.5.1 Usage-based Insurance (ubi) Market Trends Analysis

1.5.2 Usage-based Insurance (ubi) Market Drivers Analysis

1.5.3 Usage-based Insurance (ubi) Market Challenges Analysis

1.5.4 Usage-based Insurance (ubi) Market Restraints Analysis

1.6 Inflation Analysis

1.7 The Impact of the Russian-Ukrainian War on the Market

1.8 Coronavirus Disease 2020 (COVID-19) Impact on Global

2 Global Usage-based Insurance (ubi) Market Insights by Type

2.1 Market Size Insights by Types

2.2 Global Usage-based Insurance (ubi) Revenue and Share by Type

3 Global Usage-based Insurance (ubi) Market Insights by Application

3.1 Market Size Insights by Application

3.2 Global Usage-based Insurance (ubi) Revenue and Share by Application (2018-2023)

4 Global Market Growth Insights

4.1 Global Usage-based Insurance (ubi) Market Size (2018-2023)

4.2 Usage-based Insurance (ubi) Growth Insights by Regions

4.2.1 Usage-based Insurance (ubi) Market Size by Regions: 2018 VS 2023 VS 2029

4.2.2 Usage-based Insurance (ubi) Revenue Market Size by Regions (2018-2023)

4.2.3 North America Usage-based Insurance (ubi) Market Size (2018-2023)

4.2.4 Europe Usage-based Insurance (ubi) Market Size (2018-2023)

4.2.5 Asia-Pacific Usage-based Insurance (ubi) Market Size (2018-2023)

4.2.6 Latin America Usage-based Insurance (ubi) Market Size (2018-2023)

4.2.7 Middle East & Africa Usage-based Insurance (ubi) Market Size (2018-2023)

5 North America

5.1 North America Usage-based Insurance (ubi) Revenue by Countries

5.1.1 North America Usage-based Insurance (ubi) Revenue by Countries (2018-2023)

5.2 North America PEST Analysis

5.3 United States

5.4 Canada

6 Asia Pacific

6.1 Asia Pacific Usage-based Insurance (ubi) Revenue by Countries

6.1.1 Asia Pacific Usage-based Insurance (ubi) Revenue by Countries (2018-2023)

6.2 Asia-Pacific PEST Analysis

6.3 China

6.4 Japan

6.5 Korea

6.6 Southeast Asia

6.7 India

6.8 Australia

7 Europe

7.1 Europe Usage-based Insurance (ubi) Revenue by Countries

7.1.1 Europe Usage-based Insurance (ubi) Revenue by Countries (2018-2023)

7.2 Europe PEST Analysis

7.3 Germany

7.4 France

7.5 UK

7.6 Italy

7.7 Russia

7.8 Spain

7.9 Nordic

8 Latin America

8.1 Latin America Usage-based Insurance (ubi) Revenue by Countries

8.1.1 Latin America Usage-based Insurance (ubi) Revenue by Countries (2018-2023)

8.2 Latin America PEST Analysis

8.3 Brazil

8.4 Argentina

8.5 Mexico

9 Middle East & Africa

9.1 Middle East & Africa Usage-based Insurance (ubi) Revenue by Countries

9.1.1 Middle East & Africa Usage-based Insurance (ubi) Revenue by Countries (2018-2023)

9.2 Middle East & Africa PEST Analysis

9.3 Egypt

9.4 South Africa

9.5 UAE

9.6 Turkey

9.7 Saudi Arabia

10 Global Usage-based Insurance (ubi) Market Competition, by Players

10.1 Global Usage-based Insurance (ubi) Revenue and Market Share by Players

10.2 Market Concentration Rate

10.2.1 Top 3 Usage-based Insurance (ubi) Players Market Share in 2022

10.2.2 Top 6 Usage-based Insurance (ubi) Players Market Share in 2022

10.2.3 Market Competition Trend

10.3 Usage-based Insurance (ubi) Players Head Office, Business Provided

10.4 Usage-based Insurance (ubi) Mergers & Acquisitions

10.5 Usage-based Insurance (ubi) New Entrants and Expansion Plans

11 Players Profiles

11.1 Allianz SE

11.1.1 Allianz SE Company Profile

11.1.2 Usage-based Insurance (ubi) Product Overview

11.1.3 Allianz SE Usage-based Insurance (ubi) Market Performance (2018-2023)

11.1.4 Allianz SE Business Overview

11.1.5 Recent Developments and Plans

11.2 Allstate Insurance Company

11.2.1 Allstate Insurance Company Company Profile

11.2.2 Usage-based Insurance (ubi) Product Overview

11.2.3 Allstate Insurance Company Usage-based Insurance (ubi) Market Performance (2018-2023)

11.2.4 Allstate Insurance Company Business Overview

11.2.5 Recent Developments and Plans

11.3 ASSICURAZIONI GENERALI S.P.A.

11.3.1 ASSICURAZIONI GENERALI S.P.A. Company Profile

11.3.2 Usage-based Insurance (ubi) Product Overview

11.3.3 ASSICURAZIONI GENERALI S.P.A. Usage-based Insurance (ubi) Market Performance (2018-2023)

11.3.4 ASSICURAZIONI GENERALI S.P.A. Business Overview

11.3.5 Recent Developments and Plans

11.4 AVIVA PLC

11.4.1 AVIVA PLC Company Profile

11.4.2 Usage-based Insurance (ubi) Product Overview

11.4.3 AVIVA PLC Usage-based Insurance (ubi) Market Performance (2018-2023)

11.4.4 AVIVA PLC Business Overview

11.4.5 Recent Developments and Plans

11.5 AXA

11.5.1 AXA Company Profile

11.5.2 Usage-based Insurance (ubi) Product Overview

11.5.3 AXA Usage-based Insurance (ubi) Market Performance (2018-2023)

11.5.4 AXA Business Overview

11.5.5 Recent Developments and Plans

11.6 Cambridge Mobile Telematics

11.6.1 Cambridge Mobile Telematics Company Profile

11.6.2 Usage-based Insurance (ubi) Product Overview

11.6.3 Cambridge Mobile Telematics Usage-based Insurance (ubi) Market Performance (2018-2023)

11.6.4 Cambridge Mobile Telematics Business Overview

11.6.5 Recent Developments and Plans

11.7 Danlaw Inc.

11.7.1 Danlaw Inc. Company Profile

11.7.2 Usage-based Insurance (ubi) Product Overview

11.7.3 Danlaw Inc. Usage-based Insurance (ubi) Market Performance (2018-2023)

11.7.4 Danlaw Inc. Business Overview

11.7.5 Recent Developments and Plans

11.8 Desjardins Group

11.8.1 Desjardins Group Company Profile

11.8.2 Usage-based Insurance (ubi) Product Overview

11.8.3 Desjardins Group Usage-based Insurance (ubi) Market Performance (2018-2023)

11.8.4 Desjardins Group Business Overview

11.8.5 Recent Developments and Plans

11.9 The Box Limited

11.9.1 The Box Limited Company Profile

11.9.2 Usage-based Insurance (ubi) Product Overview

11.9.3 The Box Limited Usage-based Insurance (ubi) Market Performance (2018-2023)

11.9.4 The Box Limited Business Overview

11.9.5 Recent Developments and Plans

11.10 Intelligent Mechatronic Systems Inc.

11.10.1 Intelligent Mechatronic Systems Inc. Company Profile

11.10.2 Usage-based Insurance (ubi) Product Overview

11.10.3 Intelligent Mechatronic Systems Inc. Usage-based Insurance (ubi) Market Performance (2018-2023)

11.10.4 Intelligent Mechatronic Systems Inc. Business Overview

11.10.5 Recent Developments and Plans

11.11 Liberty Mutual Insurance

11.11.1 Liberty Mutual Insurance Company Profile

11.11.2 Usage-based Insurance (ubi) Product Overview

11.11.3 Liberty Mutual Insurance Usage-based Insurance (ubi) Market Performance (2018-2023)

11.11.4 Liberty Mutual Insurance Business Overview

11.11.5 Recent Developments and Plans

11.12 Mapfre S.A.

11.12.1 Mapfre S.A. Company Profile

11.12.2 Usage-based Insurance (ubi) Product Overview

11.12.3 Mapfre S.A. Usage-based Insurance (ubi) Market Performance (2018-2023)

11.12.4 Mapfre S.A. Business Overview

11.12.5 Recent Developments and Plans

11.13 Metromile Inc.

11.13.1 Metromile Inc. Company Profile

11.13.2 Usage-based Insurance (ubi) Product Overview

11.13.3 Metromile Inc. Usage-based Insurance (ubi) Market Performance (2018-2023)

11.13.4 Metromile Inc. Business Overview

11.13.5 Recent Developments and Plans

11.14 Nationwide

11.14.1 Nationwide Company Profile

11.14.2 Usage-based Insurance (ubi) Product Overview

11.14.3 Nationwide Usage-based Insurance (ubi) Market Performance (2018-2023)

11.14.4 Nationwide Business Overview

11.14.5 Recent Developments and Plans

12 Global Usage-based Insurance (ubi) Forecast Market Insights by Type

12.1 Global Usage-based Insurance (ubi) Revenue Market Forecast by Type (2023-2029)

13 Global Usage-based Insurance (ubi) Forecast Market Insights by Application

13.1 Usage-based Insurance (ubi) Revenue Market Forecast by Application (2023-2029)

14 Global Market Growth Forecast Insights

14.1 Global Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

14.2 Usage-based Insurance (ubi) Growth Forecast Insights by Regions

14.2.1 Usage-based Insurance (ubi) Revenue Forecast Market Size by Regions (2023-2029)

14.2.2 North America Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

14.2.3 Europe Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

14.2.4 Asia-Pacific Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

14.2.5 Latin America Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

14.2.6 Middle East & Africa Usage-based Insurance (ubi) Forecast Market Size (2023-2029)

15 Methodology and Data Source

15.1 A Methodology

15.1.1 Research Process

15.1.2 Market Size Estimation

15.1.3 Market Breakdown and Data Triangulation

15.2 B Data Source

15.2.1 Legal Disclaimer

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global Usage based Insurance (ubi) Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why are some of the most well-known companies left out of the Global Usage based Insurance (ubi) Market study?
The Global Usage based Insurance (ubi) study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What are the major applications of the Global Usage based Insurance (ubi) Market?
Depending upon the type of applications, the Global Usage based Insurance (ubi) Market has been segmented into and other applications.
What is the estimated size & growth rate of the Global Usage based Insurance (ubi) Market?
In recent years, the Global Usage based Insurance (ubi) Market has grown at an incredible rate. From 2025 to 2030, the market is expected to grow at a CAGR of yy%.
What does the future hold for the Global Usage based Insurance (ubi) Market?
As the shift to value addition continues, companies in the Global Usage based Insurance (ubi) Market face the dual challenge of improving interoperability to optimize performance and experience.
How is the competitive landscape for the Global Usage based Insurance (ubi) Market defined?
Companies in the Global Usage based Insurance (ubi) Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Global Usage based Insurance (ubi) Market's trajectory and future outlook.