Usage-based Insurance Market to reach $125 billion by 2027, Global Market Insights Inc padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Overview of Automotive
On-board Diagnostics Market
Automotive on-board diagnostics (OBD) market has made continuous strides to meet a wide range of vehicle monitoring and maintenance applications, and remote diagnostic solutions. Most extensively, vehicle owners and OEMs have leveraged the sensor and software technologies encompassed by on-board diagnostics for emission monitoring and the overall health of the vehicles. OBD typically includes black box event data recorders, vehicle tracking control units, and other electric control units. Over the years, the revenue potential has grown remarkably, circumscribing a wide range of stakeholders in the ecosystem. For instance, OEMs, software developers, and insurance providers have been able to see new revenue streams in the telematics. The value chain of the automotive on-board diagnostics market is fast expanding, with on-board diagnostics becoming a part of the driverless cars and electric vehicles. Two prominently lucrative areas a
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By: Will Moore
The cost of auto insurance is different for every driver. While each insurance company uses its own formula to determine customer rates, most consider the same factors, including age, gender, marital status, driving record, vehicle, city, state.
If you’re labeled as a high-risk driver, you may face exceptionally high premiums. However, there are still a few ways to save money on car insurance if you fall into this category.
What Makes You a High-Risk Driver?
There are a few things insurance companies consider when deciding if someone is a high-risk driver. If you are seeing especially high insurance premiums, it may have something to do with these risk factors:
Guidewire Unveils End-to-End Usage-Based Insurance Solution
Thursday, May 6, 2021 10:43AM IST (5:13AM GMT)
P&C insurers can meet customers changing needs by bringing UBI to market in 12 weeks
San Mateo, Calif., United States:
Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced the availability of Guidewire’s Usage-Based Insurance Solution. Designed with speed in mind, the UBI Solution can be deployed within 12 weeks and supports the end-to-end insurance lifecycle including quote, billing, and automated claims intake.
Forrester Research projects usage-based insurance policies to grow 50 percent in 2021.
1 “Increasing appetite for usage-based insurance (UBI) in personal auto will drive insurers to rethink how they help customers discover and use auto insurance,” wrote Jeffery Williams, senior analyst, Forrester Research in
Usage-Based Insurance Market to Witness Huge Growth by 2026 : AXA, Allianz SE, Metromile
ReleaseWire
Edison, NJ (SBWIRE)
04/20/2021 Latest released the research study on Global Usage-Based Insurance Market, offers a detailed overview of the factors influencing the global business scope. Usage-Based Insurance Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Usage-Based Insurance. The study covers emerging player s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are