A new research document titled, “Global Usage Based Insurance Market” is released by AdvanceMarketAnalytics. The market study is a cautious attempt of the industry with strategic steps to the targets of business environment and the ones that are tried to have an essential impression on the progression of the Usage Based Insurance market. AMA recognizes following companies as the major players in the Global Usage Based Insurance market which includes Allstate (United States), Progressive Corporation (United States), Vodafone (United Kingdom), Octo Telematics (United Kingdom), Norris Insurance (United States), Intellimec (Canda), TomTom (Netherlands), Octo Telematics (Italy), Allianz (Germany), AXA (France), Liberty Mutual (United States), Verizon (United States) and Sierra Wireless (Canada).

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. Significant Growth in the Automotive Industry is one of the key components driving the development of this market in the following couple of years. "Trend of Try-Before-You-Buy (TBYB) Insurance Model" adds to the investigation what growth market seeks ahead. This causes analysts to concentrate more on regional factors and regulatory and influencing factors ahead of any other approach.

One of the key patterns that will drive the development prospects for the Usage Based Insurance amid the anticipated period is the Rising Penetration of Smartphones Integrated With Vehicle Connectivity Systems. The Vehicle, such as Passenger Vehicle, is boosting the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Technology, such as OBD-II, is boosting the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Package, such as Pay-As-You-Drive (PAYD), is boosting the Usage Based Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Usage Based Insurance market is very focused because of the nearness of many key organizations. The main Players are focusing on presenting new product/services and are constantly upgrading their existing offerings to keep pace with the overall industry.

The key target audience considered while formulating the study are as follows:
Usage Based Insurance Companies, Consulting Firms, Government Body & Associations and End-User

Available Customization: List of players that can be included in the study on immediate basis are Insure The Box Ltd (United Kingdom), Assicurazioni Generali S.p.A. (Italy), MAPFRE Insurance Company (France) and Aviva Plc. (United Kingdom).


Research Methodology:

The top-down and bottom-up approaches are used to estimate and validate the size of the Global Usage Based Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Usage Based Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Usage Based Insurance Companies, Consulting Firms, Government Body & Associations and End-User.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.