Usage-Based Insurance: a low-bandwidth, high-value telematics-based product for the mass market

23 November 2016
Report type: Application Spotlight
Author(s): Pierce Owen
Keywords: M2M, machine-to-machine, IoT, Internet of Things, vehicle platform, usage-based insurance, UBI, telematics, pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), OEMs, green technology, privacy, diagnostics, roadside assistance, stolen vehicle recovery, OBD2
Companies: Wunelli, LexisNexis, Zubie, Mojio, Automile, Octo Telematics, Uniqa, IBM, Lichengbao, Dubon Insurance, China Insurance, PICC Property and Casualty Company Limited (PICC P&C), Tencent, Shell, Groupama, Allianz, TomTom, Renault, Sachsen-Anhalt, Provinzial Rheinland, Signal Iduna, Axa, Allianz, Reale Mutua, Unipol, MTS, Renaissance Insurance Group, Smart Car Insurance, Return on Intelligence, Ingosstrakh, InTouch, Novatel Wireless, Vulindlela Underwriting Managers (VUM), Uber, Generali Seguros, Telefonica, Pago Como Conduzco, Mapfre, Cooperative Insurance, Coverbox, Ingenie, Insurethebox, RAC, Tesco, Progressive, Allstate, Liberty Mutual, State Farm, Sprint, Intelligent Mechatronic Systems, AT&T, Masternaut, Deutsche Telekom, DriveFactor, Chili Drive, Aviva Drive, Direct Line, DropTag
Number of Pages: 13

This Application Spotlight provides a qualitative and quantitative analysis of the IoTĀ market related to Usage-Based Insurance (also known as Pay-As-You-Drive or Pay-How-You-Drive Insurance). It provides a definition, description, analysis of drivers and barrier, and high level forecasts for growth in connections, technology split and revenue opportunity.

For a full set of country-by-country forecasts, refer to theĀ IoT Forecast Database.

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