Allied Market Research
Loading...
0
New
New
2022
Asia-pacific Usage-based Insurance Market

Asia-Pacific Usage-Based Insurance Market by Type (Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You-Drive), Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs), Vehicle Age (New Vehicles and Used Vehicles), Vehicle Type (Light-Duty Vehicle (LDV) and Heavy-Duty Vehicle (HDV)): Opportunity Analysis and Industry Forecast, 2021-2030

A15889
Pages: 191
Mar 2022 | 332 Views
   
Author(s) : Beesetty Yogendra, Shadaab Khan , Vineet Kumar
Tables: 75
Charts: 57
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Asia-pacific Usage-based Insurance Market

Request Now !

The Asia-Pacific usage-based insurance market size was valued at $5.64 billion in 2020, and is projected to reach $64.29 billion by 2030, growing at a CAGR of 27.6% from 2021 to 2030. 

Usage-based insurance is a form of coverage in which the premium is directly proportional to the amount of time the vehicle is used. This sort of insurance is mostly offered in developed nations, the bulk of the market's top players are growing their operations in Asia-Pacific emerging countries. Furthermore, insurers use UBI plans to align driving habits of people with the premiums they charge. Telematics device, which is a system put in automobiles, monitors vehicle's speed, time, and distance travelled, which is then sent to insurance providers, which then charges insurance premiums appropriately.

Get more information on this report : Request Sample Pages

Growth in adoption of usage-based insurance among end users, owing to its various features such as providing accurate and timely data collection methods and flexible insurance premiums boosts the Asia-Pacific usage-based insurance market growth.

In addition, factors such as higher possibility of vehicles being recovered, in case it is stolen and lower fuel consumption positively impacts growth of the Asia-Pacific UBI market. However, high installation cost of telematics and various data security issues are expected to hamper the market growth. On the contrary, adoption of advance technology such as smartphone-based UBI & hybrid-based UBI and increase in concerns regarding driver’s safety across the globe are expected to offer remunerative opportunities for expansion of the Asia-Pacific usage-based insurance market during the forecast period.

The black-box based UBI segment is expected to garner a significant share during the forecast period. This is attributed to penetration of black box-based insurance is increasing among higher risk policy holders, such as a young or new driver, in Asia-Pacific, which is anticipated to increase the demand for such programs in the region. However, the smartphone-based UBI segment is expected to grow at the highest rate during the forecast period, owing to convenience provided for data collection through smartphone app drives the smartphone-based UBI services. 

The report focuses on growth prospects, restraints, and analysis of the Asia-Pacific usage-based insurance market trends. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the Asia-Pacific usage-based insurance market share.

Segment Review

The Asia-Pacific usage-based insurance market share is segmented on the basis of type, technology, vehicle age, vehicle type, and country. In terms of type, the market is fragmented into pay-as-you-drive, pay-how-you-drive, and manage-how-you-drive.

Depending on technology, it is bifurcated into OBD-II-based UBI programs, smartphone-based UBI programs, hybrid-based UBI programs, and black-box-based UBI programs. As per vehicle age, it is bifurcated into new vehicles and used vehicles. In terms of vehicle type it is segmented into light-duty vehicle (LDV) and heavy-duty vehicle (HDV). Country wise, it is analyzed across China, Japan, Australia, Thailand, Singapore, Rest of Asia-Pacific.

Some of the key players operating in the Asia-Pacific usage-based insurance market include ASSICURAZIONI GENERALI S.P.A, Allianz SE, Aviva, AXA, Liberty Mutual Insurance, Mapfre S.A., TomTom International, Octo Group S.p.A, SIERRA WIRELESS, and VODAFONE LIMITED. These players have adopted various strategies to increase their market penetration and strengthen their position in the Asia-Pacific usage-based insurance industry.

Asia-Pacific Usage-Based Insurance Market
By Policy Type

Your browser does not support the canvas element.

Pay-as-you-drive segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Covid-19 Impact Analysis

Insurance industry plays a major role in economic growth by providing financial protection to people, assets, and businesses of a country against uncertain events. Hence, insurance business has become a massive contributor toward a country’s development. The pandemic has changed prospects of every business sector, and the insurance industry is no exception. The Asia-Pacific usage-based insurance industry has been positively impacted by the outbreak of the COVID-19 pandemic. As per several surveys, almost 40% of trips have decreased, usage of public transportation for commuting to work reduced to 0%, and the total distance of short trips has increased. All these factors decline the need for car insurance and drops the number of claims nearby to 50%, which is profitable for car insurance companies only in short term. However, in long term, Asia-Pacific usage-based insurance market size is anticipated to boost by the pandemic, owing to implementation of travel restrictions and less usage of cars, which enables consumers to take usage-based insurance to reduce premium costs.

Furthermore, usage-based insurance is one of the largest revenue sources for the general insurance industry and accounted for more than 35% in overall insurance premium collection in 2019. In addition, most states require drivers to have auto insurance, which implies that purchase of new automobile constitutes a major proportion of these premiums.

Asia-Pacific Usage-Based Insurance Market
By Technology

Your browser does not support the canvas element.

Black-box segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

Top Impacting Factors

Growth In Adoption Of Usage-based Insurance Among End Users 

Growth in adoption of IoT-enabled telematics auto insurance is enabling insurers to collect behavioral data on each driver. Insurers can use this data to process risk-related information on individual level over time. Moreover, IoT solutions for UBI helps insurers to improve product offerings and generate targeted marketing campaigns. Insurance companies can gain a competitive advantage by refining driver-scoring algorithms with service provider partners. In addition, using IoT devices, different data points can be established. Monitor variables such as how long a user drives and their overall behavior in front of the wheel, including how they use their breaks, at what speed they move around, and other important metrics. Furthermore, UBI car insurance is being used to track various data points in vehicles with the purpose of making engineering improvements or helping make better decisions like calculating an insurance risk premium, which, in turn, propels the Asia-Pacific usage-based insurance market growth. 

Higher Possibility Of Vehicles Being Recovered, When Stolen Or Low On Fuel 

Growth in adoption of auto telematics has enabled users to monitor fuel consumption at various scenarios and help drivers predict optimal gear and driving speed. Furthermore, solutions such as FleetLocate help end users to track vehicles, monitor their health, and gauge how they are being driven. In addition, usage-based insurers install IoT devices in vehicles in end users, which are small enough to be concealed inside a vehicle and quick and easy to install. In addition, it also provides instant support to police in case of theft, which in turn is major factor driving the growth of the Asia-Pacific usage-based insurance market. Moreover, these solutions offer a long-life and battery-based device, which can be placed in multiple spots within a vehicle, rendering detection of devices, thus, increasing life of vehicles. Furthermore, insurance providers have developed geolocation capabilities based on network triangulation, which can estimate location of stolen vehicles. Network provider receives regular data from cars and as soon as a jamming attempt is detected, the device switches to recovery mode. This means that the network estimates location of vehicles for every message received, allowing security companies to dispatch the nearest recovery team. Therefore, UBI insurance increases profits and reduces expense of insurers.

Asia-Pacific Usage-Based Insurance Market
By Country

2030
China 
Japan
Australia
Singapore
Thailand
Rest Of Asia-pacific

Rest of Asia-Pacific would exhibit the highest CAGR of 30.9% during 2021-2030.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders     

  • The study provides an in-depth analysis of the Asia-Pacific usage-based insurance market forecast along with current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on Asia-Pacific usage-based insurance market trends is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the Asia-Pacific usage-based insurance market from 2021 to 2030 is provided to determine the market potential.

Key Market Segments

  • By Type
    • Pay-as-you-drive
    • Pay-how-you-drive
    • Manage-how-you-drive
  • By Technology
    • OBD-II-based UBI programs
    • Smartphone-based UBI programs
    • Hybrid-based UBI programs
    • Black-box-based UBI programs
  • By Vehicle Age
    • New Vehicles
    • Used Vehicles
  • By Vehicle Type
    • Light-Duty Vehicle (LDV)
    • Heavy-Duty Vehicle (HDV)
  • By Country
    • Asia-Pacific
      • China
      • Japan
      • Australia
      • Singapore
      • Thailand
      • Rest of Asia-Pacific
  • By Key Market Players
    • ASSICURAZIONI GENERALI S.P.A
    • Allianz SE
    • Aviva
    • AXA
    • Liberty Mutual Insurance
    • Mapfre S.A.
    • TomTom International
    • Octo Group S.p.A
    • SIERRA WIRELESS
    • VODAFONE LIMITED
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMAR

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the Asia-Pacific usage-based insurance market
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Growth in adoption of usage-based insurance among end users
3.3.1.2.Flexible insurance premiums
3.3.1.3.Higher possibility of vehicles being recovered, when stolen or low on fuel

3.3.2.Restraints

3.3.2.1.High installation cost of telematics
3.3.2.2.Various data security issues

3.3.3.Opportunities

3.3.3.1.Adoption of advance technologies
3.3.3.2.Increase in concerns regarding driver safety

3.1.COVID-19 impact analysis on Asia-Pacific usage-based insurance market

3.1.1.Impact on usage-based insurance industry
3.1.2.Change in consumer trends, preferences, and budget impact due to COVID-19
3.1.3.Economic impact on Asia-Pacific usage-based insurance companies
3.1.4.Key player strategies to tackle negative impact in the industry
3.1.5.Opportunity analysis for Asia-Pacific usage-based insurance providers

3.2.Patent analysis

3.2.1.By region (2000-2020)
3.2.2.By applicant

3.1.Government Regulations

3.1.1.China
3.1.2.Japan
3.1.3.Australia
3.1.4.Indonesia
3.1.5.Singapore

CHAPTER 4:ASIA-PACIFIC USAGE-BASED INSURANCE MAKET, BY POLICY TYPE

4.1.Overview
4.2.Pay-as-you-drive

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Pay-how-you-drive

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Manage-how-you-drive

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY

5.1.Overview
5.2.OBD-II

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Smartphone

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Hybrid

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Black-box

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

CHAPTER 6:ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE

6.1.Overview
6.2.New Vehicles

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Used Vehicles

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE

7.1.Overview
7.2.Light-Duty Vehicle

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Heavy-Duty Vehicle

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

CHAPTER 8:ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY COUNTRY

8.1.Overview

8.1.1.Market size and forecast, by country

8.2.China

8.2.1.Market size and forecast, by policy type
8.2.2.Market size and forecast, by technology
8.2.3.Market size and forecast, by vehicle age
8.2.4.Market size and forecast, by vehicle type

8.3.Japan

8.3.1.Market size and forecast, by policy type
8.3.2.Market size and forecast, by technology
8.3.3.Market size and forecast, by vehicle age
8.3.4.Market size and forecast, by vehicle type

8.4.Australia

8.4.1.Market size and forecast, by policy type
8.4.2.Market size and forecast, by technology
8.4.3.Market size and forecast, by vehicle age
8.4.4.Market size and forecast, by vehicle type

8.5.Singapore

8.5.1.Market size and forecast, by policy type
8.5.2.Market size and forecast, by technology
8.5.3.Market size and forecast, by vehicle age
8.5.4.Market size and forecast, by vehicle type

8.6.Thailand

8.6.1.Market size and forecast, by policy type
8.6.2.Market size and forecast, by technology
8.6.3.Market size and forecast, by vehicle age
8.6.4.Market size and forecast, by vehicle type

8.7.Rest of Asia-Pacific

8.7.1.Market size and forecast, by policy type
8.7.2.Market size and forecast, by technology
8.7.3.Market size and forecast, by vehicle age
8.7.4.Market size and forecast, by vehicle type

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Key players positioning analysis, 2020
9.2.Competitive dashboard
9.3.Top winning strategies

CHAPTER 10:COMPANY PROFILE

10.1.ASSICURAZIONI GENERALI S.P.A.

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Product portfolio
10.1.5.Business performance
10.1.6.Key strategic moves and developments

10.2.ALLIANZ

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance
10.2.7.Key strategic moves and developments

10.3.Aviva

10.3.1.Company overview
10.3.2.Key Executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.Business performance
10.3.7.Key strategic moves and developments

10.4.AXA

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.Business performance
10.4.7.Key strategic moves and developments

10.5.Liberty Mutual Insurance Company

10.5.1.Company overview
10.5.2.Key Executives
10.5.3.Company snapshot
10.5.4.Product portfolio
10.5.5.Business performance
10.5.6.Key strategic moves and developments

10.6.MAPFRE

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments

10.7.TomTom International BV.

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Product portfolio
10.7.5.Business performance
10.7.6.Key strategic moves and developments

10.8.Octo Group S.p.A

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Product portfolio

10.9.SIERRA WIRELESS

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.R&D expenditure
10.9.7.Business performance

10.10.Vodaphone limited

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.Business performance

LIST OF TABLES

TABLE 01.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 02.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR PAY-AS-YOU-DRIVE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 03.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR PAY-HOW-YOU-DRIVE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 04.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR MANAGE-HOW-YOU-DRIVE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 05.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 06.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR OBD-II, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 07.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR SMARTPHONE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 08.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR HYBRID, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 09.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR BLACK-BOX, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 10.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 11.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR NEW VEHICLES, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 12.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR USED VEHICLES, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 13.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 14.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR LIGHT-DUTY VEHICLE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 15.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE FOR HEAVY-DUTY VEHICLE, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 16.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 17.CHINA USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 18.CHINA USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 19.CHINA USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 20.CHINA USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 21.JAPAN USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 22.JAPAN USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 23.JAPAN USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 24.JAPAN USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 25.AUSTRALIA USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 26.AUSTRALIA USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 27.AUSTRALIA USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 28.AUSTRALIA USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 29.SINGAPORE USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 30.SINGAPORE USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 31.SINGAPORE USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 32.SINGAPORE USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 33.THAILAND USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 34.THAILAND USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 35.THAILAND USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 36.THAILAND USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 37.REST OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, BY POLICY TYPE, 2020–2030 ($MILLION)
TABLE 38.REST OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, BY TECHNOLOGY, 2020–2030 ($MILLION)
TABLE 39.REST OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE AGE, 2020–2030 ($MILLION)
TABLE 40.REST OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, BY VEHICLE TYPE, 2020–2030 ($MILLION)
TABLE 41.ASSICURAZIONI GENERALI S.P.A: KEY EXECUTIVES
TABLE 42.ASSICURAZIONI GENERALI S.P.A.: COMPANY SNAPSHOT
TABLE 43.ASSICURAZIONI GENERALI S.P.A.: PRODUCT PORTFOLIO
TABLE 44.ALLIANZ.: KEY EXECUTIVES
TABLE 45.ALLIANZ: COMPANY SNAPSHOT
TABLE 46.ALLIANZ: OPERATING SEGMENTS
TABLE 47.ALLIANZ: PRODUCT PORTFOLIO
TABLE 48.AVIVA: KEY EXECUTIVES
TABLE 49.AVIVA: COMPANY SNAPSHOT
TABLE 50.AVIVA: OPERATING SEGMENTS
TABLE 51.AVIVA: PRODUCT PORTFOLIO
TABLE 52.AXA.: KEY EXECUTIVES
TABLE 53.AXA: COMPANY SNAPSHOT
TABLE 54.AXA: OPERATING SEGMENTS
TABLE 55.AXA: PRODUCT PORTFOLIO
TABLE 56.LIBERTY MUTUAL INSURANCE COMPANY: KEY EXECUTIVES
TABLE 57.LIBERTY MUTUAL INSURANCE COMPANY: COMPANY SNAPSHOT
TABLE 58.LIBERTY MUTUAL INSURANCE COMPANY: PRODUCT PORTFOLIO
TABLE 59.LIBERTY MUTUAL INSURANCE COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 60.MAPFRE: KEY EXECUTIVES
TABLE 61.MAPFRE: COMPANY SNAPSHOT
TABLE 62.MAPFRE: PRODUCT PORTFOLIO
TABLE 63.TOMTOM INTERNATIONAL BV.: KEY EXECUTIVES
TABLE 64.TOMTOM INTERNATIONAL BV.: COMPANY SNAPSHOT
TABLE 65.TOMTOM INTERNATIONAL BV.: PRODUCT PORTFOLIO
TABLE 66.OCTO GROUP S.P.A: KEY EXECUTIVES
TABLE 67.OCTO GROUP S.P.A: COMPANY SNAPSHOT
TABLE 68.OCTO GROUP S.P.A: PRODUCT PORTFOLIO
TABLE 69.SIERRA WIRELESS: KEY EXECUTIVES
TABLE 70.SIERRA WIRELESS: COMPANY SNAPSHOT
TABLE 71.SIERRA WIRELESS: OPERATING SEGMENTS
TABLE 72.SIERRA WIRELESS: PRODUCT PORTFOLIO
TABLE 73.VODAPHONE LIMITED: KEY EXECUTIVES
TABLE 74.VODAPHONE LIMITED: COMPANY SNAPSHOT
TABLE 75.VODAPHONE LIMITED: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET SNAPSHOT, BY SEGMENTATION, 2020–2030
FIGURE 03.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET SNAPSHOT, BY COUNTRY, 2020–2030
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.LOW-TO-MODERATE COMPETITIVE RIVALRY
FIGURE 11.PATENT ANALYSIS, BY REGION
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY POLICY TYPE, 2020–2030 ($MILLION)
FIGURE 14.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR PAY-AS-YOU-DRIVE, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR PAY-HOW-YOU-DRIVE, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR MANAGE-HOW-YOU-DRIVE, 2020 & 2030 (%)
FIGURE 17.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2020–2030 ($MILLION)
FIGURE 18.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR OBD-II,  2020 & 2030 (%)
FIGURE 19.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR SMARTPHONE, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR HYBRID,  2020 & 2030 (%)
FIGURE 21.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR BLACK-BOX, 2020 & 2030 (%)
FIGURE 22.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2020–2030 ($MILLION)
FIGURE 23.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR NEW VEHICLES, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR USED VEHICLES, 2020 & 2030 (%)
FIGURE 25.ASIA-PACIFIC USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2020–2030 ($MILLION)
FIGURE 26.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR LIGHT-DUTY VEHICLE, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE COUNTRY ANALYSIS OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET FOR HEAVY-DUTY VEHICLE, 2020 & 2030 (%)
FIGURE 28.CHINA USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 29.JAPAN USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 30.AUSTRALIA USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 31.SINGAPORE USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 32.THAILAND USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33.REST OF ASIA-PACIFIC USAGE-BASED INSURANCE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34.KEY PLAYER POSITIONING ANALYSIS: ASIA-PACIFIC USAGE-BASED INSURANCE MARKET
FIGURE 35.COMPETITIVE DASHBOARD
FIGURE 36.COMPETITIVE DASHBOARD
FIGURE 37.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 38.TOP WINNING STRATEGIES, BY YEAR, 2019-2022
FIGURE 39.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019-2022
FIGURE 40.TOP WINNING STRATEGIES, BY COMPANY, 2019-2022
FIGURE 41.ASSICURAZIONI GENERALI S.P.A.: NET SALES, 2018–2020 ($MILLION)
FIGURE 42.ASSICURAZIONI GENERALI S.P.A.: REVENUE SHARE BY GEOGRAPHY (2020)
FIGURE 43.ALLIANZ: NET SALES, 2018–2020 ($MILLION)
FIGURE 44.ALLIANZ: REVENUE SHARE BY REVENUE (2020)
FIGURE 45.AVIVA: REVENUE, 2018–2020 ($MILLION)
FIGURE 46.AVIVA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 47.AXA:NET REVENUE, 2018–2020 ($MILLION)
FIGURE 48.AXA: REVENUE SHARE, BY SEGMENT (2020)
FIGURE 49.LIBERTY MUTUAL INSURANCE COMPANY: REVENUE, 2019–2021 ($MILLION)
FIGURE 50.MAPFRE: NET SALES, 2018–2020 ($MILLION)
FIGURE 51.TOMTOM INTERNATIONAL BV.: NET SALES, 2019–2021 ($MILLION)
FIGURE 52.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.SIERRA WIRELESS: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.SIERRA WIRELESS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.SIERRA WIRELESS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 56.VODAPHONE LIMITED: REVENUE, 2018–2019 ($MILLION)
FIGURE 57.VODAPHONE LIMITED: REVENUE SHARE BY REGION, 2020 (%)


 
 

According to insights of CXOs of leading companies, the insurance industry plays a major role in economic growth by providing financial protection to individuals, assets, and businesses against uncertain events. Hence, business of insurance has become a massive contributor toward development of a country. Increase in economic strength of developing nations such as China and India is expected to provide lucrative opportunities for the market growth.

Key providers of the Asia-Pacific usage-based insurance market such as Sierra Wireless, ALLIANZ, and AXA account for a significant share in the market. With larger requirement from Asia-Pacific usage-based insurance, various companies are establishing partnerships to increase usage-based insurance capabilities. For instance, in December 2021, Allianz Partners and Uber announced a partnership in which Allianz Partners will provide protection and security for independent drivers and couriers who partner with Uber and Uber Eats. The coverage includes various compensation payments for loss of income in case of on-trip accidents, injury, or hospitalizations. In addition, active Uber partners also enjoy significant off-trip benefits, for instance, paid sick leave for up to 15 days, maternity and paternity payments, and inconvenience compensations for court attendance.

In addition, with increase in demand for usage-based insurance services, various companies are expanding their current services to continue with rise in demand. For instance, in December 2021, Aviva Life Insurance, a private insurance company, has launched Aviva Nivesh Bima. Nivesh Bima is a non-linked, non-participating, individual savings life insurance plan that provides guaranteed moneyback at every fifth policy year, in addition to a lump sum payout at maturity. It offers features such as fixed benefit pay-out on maturity or death, limited premium paying term, and an option to enhance the coverage through an add-on accidental death benefit. The plan also offers tax benefits to customers.

Moreover, market players are expanding their business operations and customers by increasing their acquisition. For instance, in July 2021, Generali signed an agreement in connection with the purchase of the majority of shares held by AXA and Affin in the joint ventures, approximately 53% of AXA Affin General Insurance Berhad (49.99% from AXA and 3% from Affin and minorities) and AXA Affin Life Insurance Berhad (49% from AXA and 21% from Affin), respectively. The acquisitions will position Generali as one of the leading insurers in the Malaysian market, creating the second P&C insurer by market share and entering the country’s life insurance industry.
 

PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Asia-pacific Usage-based Insurance Market

Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,713
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,126
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $6,169
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,930
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,665
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2021–2030

Published in Feb 2022

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers