This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Insurance Telematics Market

Market Insights on Insurance Telematics covering sales outlook, demand forecast & up-to-date key trends

Insurance Telematics Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Insurance Telematics Market Overview

Recently insurance industry is facing a huge technological shift in order to stay competitive in the market. Due to innovations in IoT and using them for insurance telematics products in order to connect insurance products and their offerings are in rise. The growth in investments in the IoT insurance technologies are enabling to develop innovative insurance telematics offerings.

Insurance telematics devices are primarily used by automobile insurance companies in order to track driving behavior of the customer and based on their performance in driving there would be change in the insurance premiums.

Life insurance companies are incorporating health tracking devices in order to integrate change premiums and insurance plans based on the customer’s health change patterns. This smart life way of changing insurance offers is an example of how insurance companies are starting to make impact in the daily lives of their customers.

Market drivers & challenges

These technology enabled products will become necessary across all segments of the insurance industry, as increase in the digital savvy customers. Growth in innovations like IoT and machine learning also increase the adoption of insurance telematics market.

Insurance telematics market is also driven by the growth in construction industry where insurance companies offer reduced premiums based on the building systems and also react and monitor utilities in order to understand water leakage, fire occupancy trends etc. Insurance companies can use this data findings and can do predictive maintenance by detecting potential problems prior to their occurrence, thereby reducing claims from the customers.

One of the major challenge faced insurance telematics market is lack of knowledge of these advanced technologies by the insurance companies and the huge task of designing the IoT applications based on company’s Policies and government regulations.

Customize this Report

Let us know your requirement to get
100% FREE customization

Market Overview

Majority of the Insurance Telematics market is dominated by Europe as there are large number of insurance companies adopting to these change. Followed by North America and Asia pacific which also share a significant market due of growth of online retail.

Key Market Players

Some of the key players in Global Insurance Telematics Market include, CoverBox Ltd., Hughes Telematics, Inc., Insure The Box, Liberty Mutual Insurance Company, MyDrive Solutions, Novatel Wireless, Numerex Corporation, , State Farm, TomTom, TRACKER Network, Travelers Indemnity Company, Trimble Insurance Agency, Inc., ViaSat, Inc., Zurich Financial Services Ltd.

Sudip Saha
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

The report covers exhaustive analysis on

  • Global Insurance Telematics Market segments
  • Global Insurance Telematics Market dynamics
  • Historical Actual Market Size, 2015 – 2016
  • Global Insurance Telematics Market size & forecast 2017 to 2027
  • Ecosystem analysis
  • Global Insurance Telematics Market current trends/issues/challenges
  • Competition & Companies involved technology
  • Value Chain
  • Global Insurance Telematics Market drivers and restraints

Regional analysis for global Insurance Telematics Market includes development of these technologies in the following regions

  • North America
    • US
    • Canada
  • Latin America
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Europe
    • Western Europe
    • Germany
    • France
    • U.K
    • Italy
    • Spain
    • Nordics
    • Benelux
    • Rest of the Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of the Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (A&NZ)
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Global Insurance Telematics Market: Segmentation

Global Insurance telematics market is segmented based on the type of Deployment, by the size of the organisation, by region.

On the basis of the type of deployment Global Insurance telematics market is segmented to 

  • Cloud
  • On-premise

On the basis of the size of organisation the Global Insurance telematics market is segmented to

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

On basis of region global Insurance Telematics Market is segmented into 

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East and Africa (MEA)

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Sudip Saha
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Technology Insights

View Reports
Google translate

Insurance Telematics Market