The usage based insurance market is expected to witness market growth at a rate of 16.6% in the forecast period of 2021 to 2028.
Middle East and Africa Usage-Based Insurance Market Analysis and Insight
Major factors that are expected to boost the growth of the usage based insurance market in the forecast period are the cheap insurance premium in comparison to the regular insurance premiums and stringent government regulations on telematics. Furthermore, the rise in the acceptance of connected automobile services and growing number of on-road vehicles is further anticipated to propel the growth of the usage based insurance market.
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Middle East and Africa Usage-Based Insurance Market Segmentation
Package type Segment
On the basis of Package type, the Usage-Based Insurance Market is segmented into
· pay-as-you-drive (PAYD)
· pay-how-you-drive (PHYD)
· manage-how-you-drive (MHYD)
Vehicle Type Segment
On the basis of vehicle type, the Usage-Based Insurance Market is segmented into
· light-duty vehicle (LDV)
· heavy-duty vehicles (HDV)
Middle East and Africa Usage-Based Insurance Market Level Analysis
The countries covered in the usage based insurance market report are the Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Key Players Usage-Based Insurance Market
· Intelligent Mechatronic Systems Inc.
· TrueMotion
· Cambridge Mobile Telematics
· Insure The Box Limited
· Progressive Casualty Insurance Company
· Modus Group LLC
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MAJOR TOC OF THE REPORT
Ø INTRODUCTION
Ø MARKET SEGMENTATION
Ø EXECUTIVE SUMMARY
Ø PREMIUM INSIGHTS
Ø MARKET OVERVIEW
Ø SWOT ANALYSIS
Ø COMPANY PROFILE
Ø QUESTIONNAIRE
Ø RELATED REPORTS
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