Table of Contents
The aim of this study is to research, analyze and forecast the usage-based insurance market for the North American automotive industry. Currently, the specific focus is on understanding driving behavior and offers made by insurance companies. In some cases a two-tier discount structure is present in which the first level is based on mileage and the second on static. In other cases, there is an analysis of real-time driving behavior. It also highlights the influence of big data on the UBI industry and offers a comparative analysis of key insurers both in the passenger and commercial vehicle space. Key strategic conclusions and recommendations have also been discussed.
Key Questions This Study Will Answer
What is the level of adaptation for smartphone-based UBI solutions? How do insurance companies play a role in smartphone services?
What are the current UBI solutions? What are the challenges and opportunities associated with each solution?
How does the ecosystem evolve after the wireless carriers and smartphone service providers expand their services?
In the big data era, what are the challenges and opportunities for members in the UBI value chain?
Who are the key participants in the UBI market for passenger and commercial vehicles? What are their roles in the ecosystem?
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