Europe usage-based insurance market is expected to reach a healthy CAGR of 18.6% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Packaging Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)), Vehicle Type (Light-Duty Vehicle (LDV), Heavy-Duty Vehicles (HDV)), Device Offering (Company Provided, Bring Your Own Device), Technology (OBD-II, Smartphone, Embedded System, Black Box and Others), Vehicle Age (New Vehicles, On-Road Vehicles), Electric and Hybrid Vehicle (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV)), Country (U.K., Germany, France, Italy, Spain, Turkey, Russia, Belgium, Netherlands, Switzerland and Rest of Europe).

Major growing factors contributing to the growth of Europe usage-based insurance market:

> Increasing demand for connected cars
> Rising adoption of telematics technology in vehicles
> The advancement in automotive technology such as electric cars

Key Market Players

The key market players for Europe usage-based insurance market are listed below:

> Intelligent Mechatronic Systems Inc.
> Insure The Box Limited
> Progressive Casualty Insurance Company
> Inseego Corp
> The Floow Limited
> Vodafone
> Allstate Insurance Company
> Octo Group
> TomTom International
> Allianz
> AXA
> Liberty Mutual Insurance
> Verizon, Sierra Wireless
> Mapfre, Movitrack Viasat, Inc.
> ASSICURAZIONI GENERALI S.P.A.
> UNIPOLSAI ASSICURAZIONI S.P.A.