The report aims to provide the latest data and insights into the growth prospects and challenges of the global Usage-Based Insurance Market. It utilizes tools such as constraints and opportunity analysis to evaluate potential opportunities for new goods and services, helping businesses identify and forecast market opportunities.

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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain.The usage-based insurance market has been forecasted to grow CAGR of 20.85% to reach a valuation of US$ 245.86 billion by 2031 from US$ 47.67 billion in 2022. 

Additionally, the report covers the market's state, including types and applications in different countries and important locations. It provides detailed information on the key companies in the market, discussing attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.

The leading companies mentioned are

  • Allianz
  • AllState Insurance Company
  • ASSICURAZIONI GENERALI S.P.A.
  • AXA
  • Cambridge Mobile Telematics
  • Liberty Mututal Insurance Cmopany
  • Metromile Inc.
  • Nationwide Corp. Group
  • Progressive Casualty Insurance Company
  • Root Insurance
  • Sierra Wireless
  • State Farm Automobile Mutual Insurance Company
  • The Hartford
  • Travelers Group
  • Verizon
  • Webfleet Solutions
  • Other Prominent Players

The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic's impact are included in the report.

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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.

The segmentation overview of the global Usage-Based Insurance Market includes

 By Telematics Solutions

  • On-board Diagnotics (OBD-II)
  • Smartphones
  • GPS Device
  • Embedded System
  • Black Box
  • Others

By Package Type

  • Pay-as-you-Drive (PAYD)
  • Pay-how-you-Drive (PHYD)
  • Pay-as-You-Go
  • Distance-based Insurance

By Distribution Channel

  • Direct
  • Agency
  • Bank
  • Brokers & Insurance Marketplaces

By Vehicle Type

  • ICE Vehicles
    • Petrol
    • Diesel
    • Others
  • Electric Vehicles
    • Battery Electric Vehicle (BEV)
    • Plug-in Hybrid Vehicle (PHEV)
    • Fuel-cell Electric Vehicle (FCEV)
  • Hybrid

By Vehicle Application

  • Personal
    • 2-Wheelers
    • 4-Wheelers
  • Commercial
    • Passenger
    • Heavy Vehicles
  • Off-road Vehicles

By Vehicle Ownership

  • New Vehicles
  • Used Vehicles

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Western Europe
      • The UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Western Europe
    • Eastern Europe
      • Poland
      • Russia
      • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Argentina
    • Brazil
    • Rest of South America

Overall, Astute Analytica's report on the global keyword market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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