“Significant surge in the adoption of usage-based insurance among end users, availability of accurate and timely data collection methods and flexible insurance premiums, and increase in the adoption of advanced technologies such as smartphone-based UBI & hybrid-based UBI are expected to drive the growth of the Asia-Pacific usage-based insurance market. Based on technology, the black-box …
Tag Archives: Aviva
Asia-Pacific Usage-Based Insurance Market Expected to Reach $64.29 Billion by 2030
According to a recent report published by Allied Market Research, titled, “Asia-Pacific usage-based insurance market by Type, Technology, Vehicle Age, And Vehicle Type: global opportunity analysis and industry forecast, 2021–2030,” 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% …