Table of Content

1 INTRODUCTION (Page No. - 19)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
                    FIGURE 1 USAGE-BASED INSURANCE MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY (Page No. - 23)
    2.1 RESEARCH DATA 
           FIGURE 2 USAGE-BASED INSURANCE MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for vehicle sales
                    2.1.1.2 Key secondary sources for market sizing
                    2.1.1.3 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 Sampling techniques and data collection methods
                    2.1.2.2 Primary interview participants
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 USAGE-BASED INSURANCE MARKET: BY VEHICLE TYPE, VEHICLE AGE, AND PACKAGE TYPE
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 USAGE-BASED INSURANCE MARKET: BY TECHNOLOGY AND DEVICE OFFERING
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 FACTOR ANALYSIS 
    2.5 RESEARCH ASSUMPTIONS AND RISKS (GLOBAL) 
    2.6 RESEARCH ASSUMPTIONS AND RISKS (BY SEGMENT) 
    2.7 RESEARCH LIMITATIONS 
    2.8 RECESSION IMPACT 
3 EXECUTIVE SUMMARY (Page No. - 36)
    FIGURE 8 USAGE-BASED INSURANCE MARKET OUTLOOK 
    FIGURE 9 USAGE-BASED INSURANCE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION) 
4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN USAGE-BASED INSURANCE MARKET 
           FIGURE 10 INCREASING ADOPTION OF TELEMATICS AND CONNECTED CAR SERVICES TO DRIVE USAGE-BASED INSURANCE MARKET
    4.2 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE 
           FIGURE 11 LDV SEGMENT TO HOLD LARGER MARKET SHARE BY 2028
    4.3 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE 
           FIGURE 12 OLD VEHICLE SEGMENT TO HOLD LARGER MARKET SHARE BY 2028
    4.4 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE 
           FIGURE 13 PAYD PACKAGE TYPE TO DOMINATE MARKET BY 2028
    4.5 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY 
           FIGURE 14 EMBEDDED TELEMATICS BOX TO COMMAND LARGEST MARKET SHARE BY 2028
    4.6 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING 
           FIGURE 15 COMPANY-PROVIDED DEVICES TO BE LARGER SEGMENT BY 2028
    4.7 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE (EV) TYPE 
           FIGURE 16 BEV SEGMENT TO HOLD LARGEST MARKET SHARE BY 2028
    4.8 USAGE-BASED INSURANCE MARKET, BY REGION 
           FIGURE 17 NORTH AMERICA TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 USAGE-BASED INSURANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing adoption of telematics and connected cars
                               FIGURE 19 CONNECTED CAR MARKET SIZE, 2019 VS. 2026 (USD BILLION)
                               FIGURE 20 AUTOMOTIVE TELEMATICS MARKET SIZE, 2022 VS. 2027 (USD BILLION)
                    5.2.1.2 Reduction in insurance premium and risk-related costs
           5.2.2 RESTRAINTS
                    5.2.2.1 Ambiguity over regulations and legislative environments
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Developing automotive usage-based insurance ecosystem
           5.2.4 CHALLENGES
                    5.2.4.1 Data privacy
                               TABLE 2 TOP AUTOMOTIVE ATTACK VECTORS, 2022
                    5.2.4.2 Lack of common framework for all services and devices
                    5.2.4.3 Need for transparency and accountability
    5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           5.3.1 REVENUE SHIFT IN USAGE-BASED INSURANCE MARKET
    5.4 TECHNOLOGY ANALYSIS 
           5.4.1 PROGRESSIVE: LAUNCH OF FLO CHATBOT FOR UBI USERS
           5.4.2 METROMILE: SMARTPHONE FOR CALCULATING DRIVER BEHAVIOR
           5.4.3 PROGRESSIVE: USAGE-BASED INSURANCE AND FLEET MANAGEMENT PROGRAMS FOR BUSINESS OWNERS
           5.4.4 WEBFLEET SOLUTIONS AND LYTX: COLLABORATION TO OFFER INTEGRATED VIDEO-BASED SOLUTION FOR ENHANCED DRIVER AND VEHICLE SAFETY
           5.4.5 TELEMATICS TECHNOLOGY
           5.4.6 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)
           5.4.7 BIG DATA ANALYTICS
           5.4.8 DATA MONETIZATION
    5.5 IMPACT OF ELECTRIC VEHICLES ON USAGE-BASED INSURANCE MARKET 
    5.6 CASE STUDY ANALYSIS 
           5.6.1 HAPPIEST MINDS (INDIA) CASE STUDY
           5.6.2 BRITISH AMERICAN TOBACCO (BAT)
           5.6.3 AMALINE
    5.7 ADOPTION OF VEHICLE INSURANCE IN KEY COUNTRIES 
           FIGURE 21 VEHICLES INSURED IN KEY COUNTRIES, 2022 (%)
    5.8 PATENT ANALYSIS 
           TABLE 3 IMPORTANT INNOVATIONS AND PATENTS, 2020–2023
    5.9 VALUE CHAIN ANALYSIS 
           FIGURE 22 USAGE-BASED INSURANCE MARKET: VALUE CHAIN ANALYSIS
    5.10 ECOSYSTEM ANALYSIS 
           FIGURE 23 USAGE-BASED INSURANCE MARKET: ECOSYSTEM ANALYSIS
    5.11 AVERAGE AUTOMOTIVE INSURANCE PREMIUM ANALYSIS 
                    TABLE 4 AVERAGE AUTOMOTIVE INSURANCE PREMIUM ANALYSIS, BY REGION, 2022 (USD)
    5.12 TARIFF AND REGULATORY LANDSCAPE 
                    TABLE 5 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 BUYING CRITERIA
                    FIGURE 24 KEY BUYING CRITERIA FOR SELECTING USAGE-BASED INSURANCE COMPANY
                    TABLE 6 KEY BUYING CRITERIA FOR USAGE-BASED INSURANCE
           5.13.2 KEY STAKEHOLDERS IN BUYING PROCESS, BY VEHICLE TYPE
                    TABLE 7 KEY STAKEHOLDERS IN BUYING PROCESS FOR VEHICLE TYPES
    5.14 KEY CONFERENCES AND EVENTS, 2023–2024 
                    TABLE 8 USAGE-BASED INSURANCE MARKET: KEY CONFERENCES AND EVENTS
6 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING (Page No. - 65)
    6.1 INTRODUCTION 
           6.1.1 PRIMARY INSIGHTS
                    FIGURE 25 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2023 VS. 2028 (USD BILLION)
                    TABLE 9 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2019–2022 (USD MILLION)
                    TABLE 10 USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2023–2028 (USD MILLION)
    6.2 BRING YOUR OWN DEVICE (BYOD) 
           6.2.1 GROWING DEMAND FOR SMARTPHONE UBI TECHNOLOGY TO DRIVE MARKET
                    TABLE 11 BYOD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 12 BYOD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 COMPANY PROVIDED 
           6.3.1 INCREASING NUMBER OF VEHICLES WITH ADVANCED SAFETY FEATURES TO DRIVE MARKET
                    TABLE 13 IN-BUILT TELEMATICS OFFERED IN NEW VEHICLE LAUNCHES, 2022–2023
                    TABLE 14 COMPANY PROVIDED: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 15 COMPANY PROVIDED: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
7 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 70)
    7.1 INTRODUCTION 
           7.1.1 PRIMARY INSIGHTS
                    FIGURE 26 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)
                    TABLE 16 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE, 2019–2022 (USD MILLION)
                    TABLE 17 USAGE-BASED INSURANCE MARKET, BY ELECTRIC VEHICLE, 2023–2028 (USD MILLION)
    7.2 BATTERY ELECTRIC VEHICLE (BEV) 
           7.2.1 INCREASING BEV SALES AND OPPORTUNITIES TO REDUCE AVERAGE PREMIUM TO DRIVE MARKET
                    TABLE 18 BEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 19 BEV: USAGE-BASED INSURANCE MARKET SIZE, BY REGION, 2023–2028 (USD MILLION)
    7.3 FUEL-CELL ELECTRIC VEHICLE (FCEV) 
           7.3.1 ATTRACTIVE GOVERNMENT POLICIES TO PROMOTE FCEVS TO DRIVE MARKET
                    TABLE 20 FCEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 21 FCEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 PLUG-IN HYBRID VEHICLE (PHEV) 
           7.4.1 INCREASING SALES OF PHEVS EQUIPPED WITH TELEMATICS TO DRIVE MARKET
                    TABLE 22 PHEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 23 PHEV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
8 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE (Page No. - 76)
    8.1 INTRODUCTION 
           8.1.1 PRIMARY INSIGHTS
                    FIGURE 27 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023 VS. 2028 (USD BILLION)
                    TABLE 24 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                    TABLE 25 USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
    8.2 PAY-AS-YOU-DRIVE (PAYD) 
           8.2.1 COST-EFFECTIVENESS AND FASTER CLAIMS SETTLEMENT TO DRIVE MARKET
                    TABLE 26 PAYD PROGRAM LAUNCHES, 2021–2023
                    TABLE 27 PAYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 28 PAYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 PAY-HOW-YOU-DRIVE (PHYD) 
           8.3.1 INCREASING SALES OF VEHICLES EQUIPPED WITH TELEMATICS TO DRIVE MARKET
                    TABLE 29 PHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 30 PHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 MANAGE-HOW-YOU-DRIVE (MHYD) 
           8.4.1 HIGH ADOPTION IN NORTH AMERICA AND EUROPE COMPARED TO ASIA PACIFIC TO DRIVE MARKET
                    TABLE 31 MHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 32 MHYD: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
9 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY (Page No. - 82)
    9.1 INTRODUCTION 
           9.1.1 PRIMARY INSIGHTS
                    FIGURE 28 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD BILLION)
                    TABLE 33 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 34 USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.2 OBD-II 
           9.2.1 HIGH RELIABILITY AND CUSTOMER ACCEPTANCE TO DRIVE MARKET
                    TABLE 35 OBD-II: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 36 OBD-II: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 SMARTPHONE 
           9.3.1 COST-EFFECTIVENESS AND USER CONVENIENCE TO DRIVE MARKET
                    TABLE 37 SMARTPHONE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 38 SMARTPHONE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 EMBEDDED TELEMATICS BOX 
           9.4.1 INCREASING NUMBER OF CONNECTED CARS TO DRIVE MARKET
                    TABLE 39 EMBEDDED TELEMATICS BOX: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 40 EMBEDDED TELEMATICS BOX: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 OTHER TECHNOLOGIES 
           TABLE 41 OTHER TECHNOLOGIES: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 42 OTHER TECHNOLOGIES: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
10 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE (Page No. - 89)
     10.1 INTRODUCTION 
             10.1.1 PRIMARY INSIGHTS
                       FIGURE 29 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2023 VS. 2028 (USD BILLION)
                       TABLE 43 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2019–2022 (USD MILLION)
                       TABLE 44 USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2023–2028 (USD MILLION)
     10.2 NEW VEHICLE 
             10.2.1 INCREASING SALES OF VEHICLES WITH TELEMATICS TO DRIVE MARKET
                       TABLE 45 NEW VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 46 NEW VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 OLD VEHICLE 
             10.3.1 VARIOUS BENEFITS OFFERED BY UBI PROGRAMS TO DRIVE MARKET
                       TABLE 47 OLD VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 48 OLD VEHICLE: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
11 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE (Page No. - 94)
     11.1 INTRODUCTION 
             11.1.1 PRIMARY INSIGHTS
                       FIGURE 30 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD BILLION)
                       TABLE 49 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2019–2022 (USD MILLION)
                       TABLE 50 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
     11.2 LIGHT-DUTY VEHICLE (LDV) 
             11.2.1 ADVANCEMENTS IN CONNECTED CAR TECHNOLOGIES AND TELEMATICS SERVICES TO DRIVE MARKET
                       TABLE 51 LDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 52 LDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.3 HEAVY-DUTY VEHICLE (HDV) 
             11.3.1 INCREASING SALES OF HDVS TO DRIVE MARKET
                       TABLE 53 HDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 54 HDV: USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
12 SAGE-BASED INSURANCE MARKET, BY REGION (Page No. - 99)
     12.1 INTRODUCTION 
             12.1.1 PRIMARY INSIGHTS
                       FIGURE 31 USAGE-BASED INSURANCE MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)
                       TABLE 55 USAGE-BASED INSURANCE MARKET, BY REGION, 2019–2022 (USD MILLION)
                       TABLE 56 USAGE-BASED INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.2 NORTH AMERICA 
               FIGURE 32 NORTH AMERICA: USAGE-BASED INSURANCE MARKET SNAPSHOT
             12.2.1 RECESSION IMPACT
                       TABLE 57 NORTH AMERICA: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 58 NORTH AMERICA: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             12.2.2 US
                       12.2.2.1 Growing popularity of mobile telematics to drive market
                                   TABLE 59 US: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 60 US: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.2.3 CANADA
                       12.2.3.1 Presence of established market players to drive market
                                   TABLE 61 CANADA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 62 CANADA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.2.4 MEXICO
                       12.2.4.1 Increasing sales of premium vehicles to drive market
                                   TABLE 63 MEXICO: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 64 MEXICO: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
     12.3 EUROPE 
               FIGURE 33 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023 VS. 2028 (USD BILLION)
             12.3.1 RECESSION IMPACT
                       TABLE 65 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 66 EUROPE: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             12.3.2 ITALY
                       12.3.2.1 Presence of major UBI providers to drive market
                                   TABLE 67 ITALY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 68 ITALY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.3 UK
                       12.3.3.1 Demand for connected cars to drive market
                                   TABLE 69 UK: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 70 UK: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.4 GERMANY
                       12.3.4.1 New telematics-based product launches to drive market
                                   TABLE 71 GERMANY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 72 GERMANY: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.5 FRANCE
                       12.3.5.1 Increasing demand for fleet management to drive market
                                   TABLE 73 FRANCE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 74 FRANCE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.6 SPAIN
                       12.3.6.1 High penetration of telematics in LCV fleet to drive market
                                   TABLE 75 SPAIN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 76 SPAIN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.7 RUSSIA
                       12.3.7.1 Increasing demand for safety features such as anti-theft to drive market
                                   TABLE 77 RUSSIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 78 RUSSIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.3.8 REST OF EUROPE
                       TABLE 79 REST OF EUROPE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                       TABLE 80 REST OF EUROPE: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
     12.4 ASIA PACIFIC 
               FIGURE 34 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET SNAPSHOT
             12.4.1 RECESSION IMPACT
                       TABLE 81 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 82 ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             12.4.2 CHINA
                       12.4.2.1 Increasing focus on IoT to drive market
                                   TABLE 83 CHINA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 84 CHINA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.4.3 JAPAN
                       12.4.3.1 Increasing number of vehicles with OE-fitted telematics units to drive market
                                   TABLE 85 JAPAN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 86 JAPAN: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.4.4 SOUTH KOREA
                       12.4.4.1 Presence of robust telecommunications infrastructure and mobile communications technology to drive market
                                   TABLE 87 SOUTH KOREA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 88 SOUTH KOREA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.4.5 INDIA
                       12.4.5.1 Increasing sales of vehicles with telematics units to drive market
                                   TABLE 89 INDIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 90 INDIA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.4.6 REST OF ASIA PACIFIC
                       TABLE 91 REST OF ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                       TABLE 92 REST OF ASIA PACIFIC: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
     12.5 REST OF THE WORLD 
               FIGURE 35 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, 2023 VS. 2028 (USD MILLION)
             12.5.1 RECESSION IMPACT
                       TABLE 93 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                       TABLE 94 REST OF THE WORLD: USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             12.5.2 BRAZIL
                       12.5.2.1 Popularity of embedded telematics to drive market
                                   TABLE 95 BRAZIL: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 96 BRAZIL: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.5.3 SOUTH AFRICA
                       12.5.3.1 Safety concerns such as hijacking to drive market
                                   TABLE 97 SOUTH AFRICA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                                   TABLE 98 SOUTH AFRICA: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
             12.5.4 OTHER COUNTRIES
                       TABLE 99 OTHER COUNTRIES: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2019–2022 (USD MILLION)
                       TABLE 100 OTHER COUNTRIES: USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2023–2028 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 127)
     13.1 OVERVIEW 
               FIGURE 36 MARKET SHARE ANALYSIS, 2022
     13.2 REVENUE ANALYSIS OF KEY PLAYERS, 2020 VS. 2022 
               FIGURE 37 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020 VS. 2022
     13.3 COMPANY EVALUATION MATRIX - USAGE BASED INSURANCE PROVIDERS 
             13.3.1 STARS
             13.3.2 EMERGING LEADERS
             13.3.3 PERVASIVE PLAYERS
             13.3.4 PARTICIPANTS
                       FIGURE 38 COMPANY EVALUATION MATRIX: (USAGE BASED INSURANCE PROVIDERS), 2022
     13.4 COMPANY EVALUATION MATRIX (TELEMATICS SERVICE PROVIDERS) 
             13.4.1 STARS
             13.4.2 EMERGING LEADERS
             13.4.3 PERVASIVE PLAYERS
             13.4.4 PARTICIPANTS
                       FIGURE 39 COMPANY EVALUATION MATRIX (TELEMATICS SERVICE PROVIDERS), 2022
     13.5 COMPANY FOOTPRINT 
               TABLE 101 COMPANY PRODUCT FOOTPRINT OF KEY PLAYERS
               TABLE 102 PARTNERSHIP OF OEMS AND UBI SERVICE PROVIDERS
     13.6 COMPETITIVE SCENARIO 
               TABLE 103 KEY STRATEGIES ADOPTED BY MARKET PLAYERS
             13.6.1 PRODUCT DEVELOPMENTS
                       TABLE 104 PRODUCT DEVELOPMENTS, 2022–2023
             13.6.2 DEALS
                       TABLE 105 DEALS, 2022
             13.6.3 OTHERS
                       TABLE 106 OTHERS, 2022
14 COMPANY PROFILES (Page No. - 141)
(Business overview, Products offered, Recent developments & MnM View)*
     14.1 KEY PLAYERS 
             14.1.1 UNIPOLSAI ASSICURAZIONI S.P.A
                       TABLE 107 UNIPOLSAI ASSICURAZIONI S.P.A: COMPANY OVERVIEW
                       FIGURE 40 UNIPOLSAI ASSICURAZIONI S.P.A: COMPANY SNAPSHOT
                       TABLE 108 UNIPOLSAI ASSICURAZIONI S.P.A: PRODUCTS OFFERED
                       TABLE 109 UNIPOLSAI ASSICURAZIONI S.P.A: PRODUCT DEVELOPMENTS
                       TABLE 110 UNIPOLSAI ASSICURAZIONI S.P.A: DEALS
             14.1.2 PROGRESSIVE CASUALTY INSURANCE COMPANY
                       TABLE 111 PROGRESSIVE CASUALTY INSURANCE COMPANY: COMPANY OVERVIEW
                       FIGURE 41 PROGRESSIVE CASUALTY INSURANCE COMPANY: COMPANY SNAPSHOT
                       TABLE 112 PROGRESSIVE CASUALTY INSURANCE COMPANY: PRODUCTS OFFERED
                       TABLE 113 PROGRESSIVE CASUALTY INSURANCE COMPANY: PRODUCT DEVELOPMENTS
                       TABLE 114 PROGRESSIVE CASUALTY INSURANCE COMPANY: DEALS
             14.1.3 ALLSTATE INSURANCE COMPANY
                       TABLE 115 ALLSTATE INSURANCE COMPANY: COMPANY OVERVIEW
                       FIGURE 42 ALLSTATE INSURANCE COMPANY: COMPANY SNAPSHOT
                       TABLE 116 ALLSTATE INSURANCE COMPANY: PRODUCTS OFFERED
                       TABLE 117 ALLSTATE INSURANCE COMPANY: PRODUCT DEVELOPMENTS
                       TABLE 118 ALLSTATE INSURANCE COMPANY: DEALS
             14.1.4 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
                       TABLE 119 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: COMPANY OVERVIEW
                       FIGURE 43 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: COMPANY SNAPSHOT
                       TABLE 120 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: PRODUCTS OFFERED
                       TABLE 121 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: PRODUCT DEVELOPMENTS
                       TABLE 122 STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY: DEALS
             14.1.5 LIBERTY MUTUAL INSURANCE COMPANY
                       TABLE 123 LIBERTY MUTUAL INSURANCE COMPANY: COMPANY OVERVIEW
                       FIGURE 44 LIBERTY MUTUAL INSURANCE COMPANY: COMPANY SNAPSHOT
                       TABLE 124 LIBERTY MUTUAL INSURANCE COMPANY: PRODUCTS OFFERED
                       TABLE 125 LIBERTY MUTUAL INSURANCE COMPANY: DEALS
             14.1.6 AXA
                       TABLE 126 AXA: COMPANY OVERVIEW
                       FIGURE 45 AXA: COMPANY SNAPSHOT
                       TABLE 127 AXA: PRODUCTS OFFERED
                       TABLE 128 AXA: DEALS
             14.1.7 ASSICURAZIONI GENERALI S.P.A
                       TABLE 129 ASSICURAZIONI GENERALI S.P.A: COMPANY OVERVIEW
                       FIGURE 46 ASSICURAZIONI GENERALI S.P.A: COMPANY SNAPSHOT
                       TABLE 130 ASSICURAZIONI GENERALI S.P.A: PRODUCTS OFFERED
                       TABLE 131 ASSICURAZIONI GENERALI S.P.A: DEALS
             14.1.8 ALLIANZ
                       TABLE 132 ALLIANZ: COMPANY OVERVIEW
                       FIGURE 47 ALLIANZ: COMPANY SNAPSHOT
                       TABLE 133 ALLIANZ: PRODUCTS OFFERED
             14.1.9 WEBFLEET SOLUTIONS
                       TABLE 134 WEBFLEET SOLUTIONS: COMPANY OVERVIEW
                       FIGURE 48 WEBFLEET SOLUTIONS: COMPANY SNAPSHOT
                       TABLE 135 WEBFLEET SOLUTIONS: PRODUCTS OFFERED
                       TABLE 136 WEBFLEET SOLUTIONS: DEALS
             14.1.10 VERIZON
                       TABLE 137 VERIZON: COMPANY OVERVIEW
                       FIGURE 49 VERIZON: COMPANY SNAPSHOT
                       TABLE 138 VERIZON: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS 
             14.2.1 NATIONWIDE MUTUAL INSURANCE COMPANY
                       TABLE 139 NATIONWIDE MUTUAL INSURANCE COMPANY: COMPANY OVERVIEW
             14.2.2 ZUBIE, INC.
                       TABLE 140 ZUBIE, INC.: COMPANY OVERVIEW
             14.2.3 CAMBRIDGE MOBILE TELEMATICS
                       TABLE 141 CAMBRIDGE MOBILE TELEMATICS: COMPANY OVERVIEW
             14.2.4 MODUS GROUP, LLC
                       TABLE 142 MODUS GROUP, LLC: COMPANY OVERVIEW
             14.2.5 METROMILE, INC.
                       TABLE 143 METROMILE, INC.: COMPANY OVERVIEW
             14.2.6 AMICA
                       TABLE 144 AMICA: COMPANY OVERVIEW
             14.2.7 SIERRA WIRELESS
                       TABLE 145 SIERRA WIRELESS: COMPANY OVERVIEW
             14.2.8 OCTO GROUP S.P.A
                       TABLE 146 OCTO GROUP S.P.A: COMPANY OVERVIEW
             14.2.9 TRAK GLOBAL GROUP
                       TABLE 147 TRAK GLOBAL GROUP: COMPANY OVERVIEW
             14.2.10 INSURE THE BOX LIMITED
                       TABLE 148 INSURE THE BOX LIMITED: COMPANY OVERVIEW
             14.2.11 MAPFRE
                       TABLE 149 MAPFRE: COMPANY OVERVIEW
             14.2.12 THE FLOOW LIMITED
                       TABLE 150 THE FLOOW LIMITED: COMPANY OVERVIEW
             14.2.13 ONSTAR, LLC. (GENERAL MOTORS)
                       TABLE 151 ONSTAR, LLC. (GENERAL MOTORS): COMPANY OVERVIEW
             14.2.14 TESLA
                       TABLE 152 TESLA: COMPANY OVERVIEW
             14.2.15 HYUNDAI MOTOR COMPANY
                       TABLE 153 HYUNDAI MOTOR COMPANY: COMPANY OVERVIEW
             14.2.16 LEXISNEXIS
                       TABLE 154 LEXISNEXIS: COMPANY OVERVIEW
             14.2.17 CCC INTELLIGENT SOLUTIONS INC.
                       TABLE 155 CCC INTELLIGENT SOLUTIONS INC.: COMPANY OVERVIEW
             14.2.18 VERISK ANALYTICS, INC.
                       TABLE 156 VERISK ANALYTICS, INC.: COMPANY OVERVIEW
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 183)
     15.1 NORTH AMERICA TO BE MAJOR MARKET FOR USAGE-BASED INSURANCE 
     15.2 MANAGE-HOW-YOU-DRIVE AND PAY-HOW-YOU-DRIVE CAN BE KEY PLANS FOR INSURANCE SERVICE PROVIDERS 
     15.3 CONCLUSION 
16 APPENDIX (Page No. - 185)
     16.1 INSIGHTS FROM INDUSTRY EXPERTS 
     16.2 DISCUSSION GUIDE 
     16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.4 CUSTOMIZATION OPTIONS 
             16.4.1 ADDITIONAL COMPANY PROFILES (BUSINESS OVERVIEW, RECENT DEVELOPMENTS, AND MNM VIEW)
             16.4.2 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, BY COUNTRY
                       16.4.2.1 Light-duty vehicle
                       16.4.2.2 Heavy-duty vehicle
             16.4.3 USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, BY VEHICLE AGE, BY REGION
                       16.4.3.1 Asia Pacific
                       16.4.3.2 Europe
                       16.4.3.3 North America
                       16.4.3.4 RoW
             16.4.4 USAGE-BASED INSURANCE MARKET, BY OFF-HIGHWAY VEHICLE TYPE, BY REGION
                       16.4.4.1 Construction
                       16.4.4.2 Agriculture
     16.5 RELATED REPORTS 
     16.6 AUTHOR DETAILS