Europe Usage-Based Insurance Market - Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2027
                     Europe Usage-Based Insurance Market - Industry 
Insights, Drivers, Top Trends, Global Analysis And 
Forecast to 2027
Usage-Based Insurance Market, By Package Type (Pay-As-You-Drive (PAYD), Pay-How-
You-Drive (PHYD) and Manage-How-You-Drive (MHYD)), Technology (OBD-II, 
Smartphone, Black Box, Embedded and Other Technologies), Vehicle Type (Light-Duty 
Vehicle (LDV) and Heavy-Duty Vehicle (HDV)), Vehicle Age (New Vehicle and On-Road 
Vehicle), Device Offering (Bring Your Own Device (BYOD) and Company Provided), 
Electric and Hybrid Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV) 
and Plug-in Hybrid Vehicle (PHEV)), Country (Germany, Italy, U.K., France, Spain, 
Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and 
Forecast to 2027
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Report Description
The usage-based insurance market is expected to reach USD 48.68 billion by 2027 
witnessing market growth at a rate of 22.5% in the forecast period of 2020 to 2027. Data 
Bridge Market Research report on usage-based insurance market provides analysis and 
insights regarding the various factors expected to be prevalent throughout the 
forecasted period while providing their impacts on the market’s growth.
Insurance is a form of risk management which offers protection from financial loss. 
Usage based insurance is a type of insurance where the premium is directly linked 
depending on the usage of the product. This type of insurance is also known as 
telematics insurance and it is very convenient since the premium can be customised as 
well as the device attached to it provides driving assistance. This premium depends on 
the driving habits and behaviour of the insurer and their probability of raising a claim. 
Insurance regulatory bodies around the world are in favour of implementing this kind of 
insurance.
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Major Key Players
Some of the major players operating in this market are : 
• Allianz SE
• AXA S.A
• Insure The Box Ltd
• Progressive Corporation
• Allstate Corporation
• Desjardins Insurance
• Generali Group
• Mapfre S.A.
• Metromile
• Aviva plc., Admiral Group Plc
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Market Segmentation
• By Package Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD) and 
Manage-How-You-Drive (MHYD))
• By Technology (OBD-II, Smartphone, Black Box, Embedded and Other 
Technologies)
• By Vehicle Type (Light-Duty Vehicle (LDV) and Heavy-Duty Vehicle (HDV)
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Regional Analysis
Based on geography, the market is segmented into five geographical 
regions
      North America
       Europe
       Asia-Pacific
       South America
       Middle East 
       Africa
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