Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026

November 2018 | 100 pages | ID: M1E29CACD50EN
Data Bridge Market Research

Abstracts

Middle East and Africa usage-based insurance market is expected to reach a CAGR of 16.1% 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 Package 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 (BYOD)), 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 (South Africa and Rest of Middle East and Africa)

Major growing sectors under the market segmentation are as follows:

• On the basis of package type, the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), market is growing with the highest CAGR of 16.3% in the forecast period of 2019-

2026.

• On the basis of vehicle type, the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV). In 2018, light-duty vehicle (LDV) market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of device offering, the market is segmented into company provided and bring your own device (BYOD). The company provided market is growing with the highest CAGR of 15.6% in the forecast period of 2019-2026.
• On the basis of technology, the market is segmented into OBD-II, smartphone, embedded system, black box and others. In 2018, embedded system market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of vehicle age, the market is segmented into new vehicles and on-road vehicles. In 2018, on-road vehicles market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of electric and hybrid vehicle, the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV).In 2018 Battery Electric Vehicle (BEV) market is growing with the highest CAGR of 16.7% in the forecast period of 2019 to 2026.

Key Market Players

The key market players for Middle East and Africa usage based insurance market are listed below:

• Intelligent Mechatronic Systems Inc.
• TrueMotion
• Cambridge Mobile Telematics
• Insure The Box Limited
• Progressive Casualty Insurance Company
• Modus Group LLC
• Inseego Corp
• Metromile Inc.
• The Floow Limited
• Vodafone
• Allstate Insurance Company
• Octo Group
• TomTom International
• Allianz
• AXA Equitable Life Insurance Company
• Liberty Mutual Insurance
• Verizon, Sierra Wireless
• Mapfre, Movitrack Viasat, Inc.
• ASSICURAZIONI GENERALI S.P.A.
• UNIPOLSAI ASSICURAZIONI S.P.A.

Contents

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED
2.2 GEOGRAPHIC SCOPE
2.3 YEAR CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 RESEARCH METHODOLOGY
2.6 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7 DBMR MARKET POSITION GRID
2.8 DBMR MARKET CHALLENGE MATRIX
2.9 DBMR MARKET TIMELINE
2.10 DBMR MULTIVARIATE MODEL
2.11 DBMR VENDOR SHARE ANALYSIS
2.12 SECONDARY SOURCES
2.13 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS
  3.1.1 ACCURATE AND FREQUENT DATA COLLECTION OF VEHICLE/ DRIVER’S BEHAVIOR
  3.1.2 RISING ADOPTION OF TELEMATICS TECHNOLOGY IN VEHICLES
  3.1.3 INCREASING DEMAND FOR CONNECTED CARS
3.2 RESTRAINT
  3.2.1 DATA PRIVACY CONCERN
3.3 OPPORTUNITIES
  3.3.1 INCREASING CONCERN REGARDING DRIVER SAFETY
  3.3.2 ADAVANCEMNT IN AUTOMOTIVE TECHNOLOGY LIKE ELECTRIC CARS
3.4 CHALLENGE
  3.4.1 HIGH COSTING INVOLVED

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

5.1 SECONDARY SOURCES
5.2 ASSUMPTIONS
5.3 INDUSTRY INSIGHTS

6 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE

6.1 OVERVIEW
  6.1.1 PAY-AS-YOU-DRIVE (PAYD)
  6.1.2 PAY-HOW-YOU-DRIVE (PHYD)
  6.1.3 MANAGE-HOW-YOU-DRIVE (MHYD)

7 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE

7.1 OVERVIEW
  7.1.1 LIGHT DUTY VEHICLE (LDV)
  7.1.2 HEAVY DUTY VEHICLE (HDV)

8 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING

8.1 OVERVIEW
  8.1.1 BRING YOUR OWN DEVICE
  8.1.2 COMPANY PROVIDED

9 MIDDLE EAST AND AFRICA USAGE- BASED INSURANCE MARKET, BY TECHNOLOGY

9.1 OVERVIEW
  9.1.1 EMBEDDED SYSTEM
  9.1.2 SMARTPHONE
  9.1.3 BLACK BOX
  9.1.4 OBD-II
  9.1.5 OTHERS

10 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE

10.1 OVERVIEW
  10.1.1 ON-ROAD VEHICLES
  10.1.2 NEW VEHICLES

11 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE

11.1 OVERVIEW
  11.1.1 BATTERY ELECTRIC VEHICLE (BEV)
  11.1.2 PLUG-IN HYBRID VEHICLE (PHEV)
  11.1.3 HYBRID ELECTRIC VEHICLE (HEV)

12 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY GEOGRAPHY

12.1 MIDDLE EAST AND AFRICA
  12.1.1 SOUTH AFRICA
  12.1.2 REST OF MIDDLE EAST AND AFRICA
  12.1.3 EGYPT
  12.1.4 SAUDI ARABIA
  12.1.5 UNITED ARAB EMIRATES
  12.1.6 ISRAEL

13 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, COMPANY LANDSCAPE

13.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA

14 COMPANY PROFILES

14.1 INTELLIGENT MECHATRONIC SYSTEMS INC.
  14.1.1 COMPANY SNAPSHOT
  14.1.2 GEOGRAPHICAL PRESENCE
  14.1.3 SERVICE PORTFOLIO
  14.1.4 RECENT DEVELOPMENT
14.2 TRUEMOTION
  14.2.1 COMPANY SNAPSHOT
  14.2.2 SERVICE PORTFOLIO
  14.2.3 RECENT DEVELOPMENT
14.3 CAMBRIDGE MOBILE TELEMATICS
  14.3.1 COMPANY SNAPSHOT
  14.3.2 SERVICE PORTFOLIO
  14.3.3 RECENT DEVELOPMENTS
14.4 INSURE THE BOX LIMITED
  14.4.1 COMPANY SNAPSHOT
  14.4.2 SERVICE PORTFOLIO
  14.4.3 RECENT DEVELOPMENTS
14.5 PROGRESSIVE CASUALTY INSURANCE COMPANY
  14.5.1 COMPANY SNAPSHOT
  14.5.2 REVENUE ANALYSIS
  14.5.3 SERVICE PORTFOLIO
  14.5.4 RECENT DEVELOPMENT
14.6 MODUS GROUP, LLC.
  14.6.1 COMPANY SNAPSHOT
  14.6.2 SERVICE PORTFOLIO
  14.6.3 RECENT DEVELOPMENT
14.7 INSEEGO CORP
  14.7.1 COMPANY SNAPSHOT
  14.7.2 REVENUE ANALYSIS
  14.7.1 SERVICE PORTFOLIO
  14.7.2 RECENT DEVELOPMENTS
14.8 METROMILE INC.
  14.8.1 COMPANY SNAPSHOT
  14.8.2 SERVICE PORTFOLIO
  14.8.3 RECENT DEVELOPMENTS
14.9 THE FLOOW LIMITED
  14.9.1 COMPANY SNAPSHOT
  14.9.2 GEOGRAPHICAL PRESENCE
  14.9.3 SERVICE PORTFOLIO
  14.9.4 RECENT DEVELOPMENTS
14.10 VODAFONE
  14.10.1 COMPANY SNAPSHOT
  14.10.2 REVENUE ANALYSIS
  14.10.3 SERVICE PORTFOLIO
  14.10.4 RECENT DEVELOPMENTS
14.11 ALLSTATE
  14.11.1 COMPANY SNAPSHOT
  14.11.2 REVENUE ANALYSIS
  14.11.3 SERVICE PORTFOLIO
  14.11.4 RECENT DEVELOPMENTS
14.12 OCTO TELEMATICS
  14.12.1 COMPANY SNAPSHOT
  14.12.2 GEOGRAPHICAL PRESENCE
  14.12.3 SERVICE PORTFOLIO
  14.12.4 RECENT DEVELOPMENTS
14.13 TOMTOM
  14.13.1 COMPANY SNAPSHOT
  14.13.2 REVENUE ANALYSIS
  14.13.3 SERVICE PORTFOLIO
  14.13.4 RECENT DEVELOPMENTS
14.14 ALLIANZ
  14.14.1 COMPANY SNAPSHOT
  14.14.2 REVENUE ANALYSIS
  14.14.3 SERVICE PORTFOLIO
  14.14.4 RECENT DEVELOPMENT
14.15 AXA
  14.15.1 COMPANY SNAPSHOT
  14.15.2 REVENUE ANALYSIS
  14.15.3 SERVICE PORTFOLIO
  14.15.4 RECENT DEVELOPMENTS
14.16 LIBERTY MUTUAL
  14.16.1 COMPANY SNAPSHOT
  14.16.2 REVENUE ANALYSIS
  14.16.3 SERVICE PORTFOLIO
  14.16.4 RECENT DEVELOPMENTS
14.17 VERIZON
  14.17.1 COMPANY SNAPSHOT
  14.17.2 REVENUE ANALYSIS
  14.17.3 SERVICE PORTFOLIO
  14.17.4 RECENT DEVELOPMENTS
14.18 SIERRA WIRELESS
  14.18.1 COMPANY SNAPSHOT
  14.18.2 REVENUE ANALYSIS
  14.18.3 SERVICE PORTFOLIO
  14.18.4 RECENT DEVELOPMENTS
14.19 MAPFRE
  14.19.1 COMPANY SNAPSHOT
  14.19.2 REVENUE ANALYSIS
  14.19.3 SERVICE PORTFOLIO
  14.19.4 RECENT DEVELOPMENTS
14.20 MOVITRACK VIASAT
  14.20.1 COMPANY SNAPSHOT
  14.20.2 SERVICE PORTFOLIO
  14.20.3 RECENT DEVELOPMENTS
14.21 ASSICURAZIONI GENERALI
  14.21.1 COMPANY SNAP SHOT
  14.21.2 REVENUE ANALYSIS
  14.21.3 SERVICE PORTFOLIO
  14.21.4 RECENT DEVELOPMENTS
14.22 UNIPOLSAI ASSICURAZIONI
  14.22.1 COMPANY SNAPSHOT
  14.22.2 REVENUE ANALYSIS
  14.22.3 SERVICE PORTFOLIO
  14.22.4 RECENT DEVELOPMENTS

15 QUESTIONNAIRE

16 RELATED REPORTS

List Of Tables

LIST OF TABLES

UU
TABLE 1 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2017-2026 (USD MILLION)
TABLE 2 MIDDLE EAST AND AFRICA PAY-AS-YOU-DRIVE (PAYD) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 3 MIDDLE EAST AND AFRICA PAY-HOW-YOU-DRIVE (PHYD) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 4 MIDDLE EAST AND AFRICA MANAGE-HOW-YOU-DRIVE (MHYD) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 5 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2017-2026 (USD MILLION)
TABLE 6 MIDDLE EAST AND AFRICA LIGHT-DUTY VEHICLE (LDV) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 7 MIDDLE EAST AND AFRICA HIGH-DUTY VEHICLE (HDV) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 8 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2017-2026, (USD MILLION)
TABLE 9 MIDDLE EAST AND AFRICA BRING YOUR OWN DEVICE (BYOD) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 10 MIDDLE EAST AND AFRICA COMPANY PROVIDED USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 11 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2017-2026, (USD MILLION)
TABLE 12 MIDDLE EAST AND AFRICA EMBEDDED SYSTEM USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 13 MIDDLE EAST AND AFRICA SMARTPHONE USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 14 MIDDLE EAST AND AFRICA BLACK BOX USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 15 MIDDLE EAST AND AFRICA OBD-II USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 16 MIDDLE EAST AND AFRICA OTHERS USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 17 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2017-2026, (USD MILLION)
TABLE 18 MIDDLE EAST AND AFRICA ON-ROAD VEHICLES USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 19 MIDDLE EAST AND AFRICA NEW VEHICLES USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 20 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE, 2017-2026, (USD MILLION)
TABLE 21 MIDDLE EAST AND AFRICA BATTERY ELECTRIC VEHICLE (BEV) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 22 MIDDLE EAST AND AFRICA PLUG-IN HYBRID VEHICLE (PHEV) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 23 MIDDLE EAST AND AFRICA HYBRID ELECTRIC VEHICLE (HEV) USAGE-BASED INSURANCE MARKET, BY REGION, 2017-2026, (USD MILLION)
TABLE 24 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2017-2026, (USD MILLION)
TABLE 25 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2017-2026, (USD MILLION)
TABLE 26 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2017-2026, (USD MILLION)
TABLE 27 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2017-2026 (USD MILLION)
TABLE 28 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2017-2026, (USD MILLION)
TABLE 29 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2017-2026, (USD MILLION)
TABLE 30 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE, 2017-2026, (USD MILLION)
TABLE 31 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2017-2026 (USD MILLION)
TABLE 32 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2017-2026, (USD MILLION)
TABLE 33 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2017-2026 (USD MILLION)
TABLE 34 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2017-2026, (USD MILLION)
TABLE 35 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2017-2026, (USD MILLION)
TABLE 36 SOUTH AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE, 2017-2026, (USD MILLION)
TABLE 37 REST OF MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY COUNTRY, 2017-2026, (USD MILLION)

List Of Figures

LIST OF FIGURES

FIGURE 1 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: SEGMENTATION
FIGURE 2 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: DATA TRIANGULATION
FIGURE 3 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: RESEARCH SNAPSHOT
FIGURE 4 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET BOTTOM UP APPROACH
FIGURE 5 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET TOP DOWN APPROACH
FIGURE 6 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: DBMR MARKET POSITION GRID
FIGURE 8 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: THE MARKET CHALLENGE MATRIX
FIGURE 9 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: THE MARKET TIMELINE
FIGURE 10 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: THE MULTIVARIATE MODEL
FIGURE 11 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: DBMR VENDOR SHARE ANALYSIS
FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF MIDDLE EAST AND AFRICA USAGE BASED INSURANCE MARKET
FIGURE 13 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: SEGMENTATION
FIGURE 14 INCREASING QUALITY INSPECTION IN AUTOMATION IS EXPECTED TO DRIVE THE MARKET FOR USAGE-BASED INSURANCE MARKET IN THE FORECAST PERIOD 2019 TO 2026
FIGURE 15 LIGHT DUTY VEHICLE (LDV) IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET IN 2019 & 2026
FIGURE 16 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY PACKAGE TYPE, 2018
FIGURE 17 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE, 2018
FIGURE 18 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY DEVICE OFFERING, 2018
FIGURE 19 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY, 2018
FIGURE 20 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE, 2018
FIGURE 21 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET, BY ELECTRIC AND HYBRID VEHICLE, 2018
FIGURE 22 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: SNAPSHOT (2018)
FIGURE 23 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: BY COUNTRY (2018)
FIGURE 24 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: BY COUNTRY (2019 & 2026)
FIGURE 25 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: BY COUNTRY (2018 & 2026)
FIGURE 26 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: BY PACKAGE TYPE (2019 -2026)
FIGURE 27 MIDDLE EAST AND AFRICA USAGE-BASED INSURANCE MARKET: COMPANY SHARE 2017 (%)