DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Insurance Telematics in Europe and North America” report to their offering.
“Insurance Telematics in Europe and North America”
According to a new research report, the number of insurance telematics policies in force on the European market reached 4.8 million in Q4-2014. Growing at a compound annual growth rate (CAGR) of 42.4 percent, this number is expected to reach 28.1 million by 2019. In North America, the number of insurance telematics policies in force is expected to grow at a CAGR of 50.6 percent from 4.2 million in Q4-2014 to reach 32.5 million in 2019. The European insurance telematics market is largely dominated by hardwired aftermarket blackboxes while instead self-install OBD devices represent the vast majority of all active policies in North America.
The insurance telematics value chain spans multiple industries. Insurers with notable presence in the insurance telematics market include Progressive, UnipolSai, State Farm, Allstate, Generali, Allianz and Insure The Box. Renowned telematics suppliers active in the insurance field for example include Octo Telematics and Cobra Automotive Technologies (Vodafone Automotive) as well as Intelligent Mechatronic Systems, Baseline Telematics and Scope Technologies. Wunelli, Modus, MyDrive Solutions and DriveFactor are also notable players in the market. Automotive OEMs are increasingly taking an active part in the ecosystem as well. Examples include BMW, Fiat, Citroën, Renault-Nissan, General Motors and Ford. In addition, mobile operators such as Vodafone, Telefónica, Verizon and Sprint have started offering insurance telematics solutions, commonly working with telematics partners. The nascent insurance telematics market is currently in a phase of strong growth which is expected to accelerate in the coming years.
– Baseline Telematics
– Cobra Automotive Technologies (Vodafone Automotive)
– Ctrack (DigiCore)
– Dolphin Technologies
– DriveProfiler (Scope Technologies)
– HIMEX/Evogi (Quindell)
– IMETRIK Global
– Intelligent Mechatronic Systems
– MyDrive Solutions
– Octo Telematics
– TomTom Telematics
– Towers Watson
– Verisk Analytics
– Wunelli (LexisNexis)
For more information visit http://www.researchandmarkets.com/research/llzb8t/insurance
About Research and Markets
Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.