Market Share of Usage-Based Insurance (UBI) Industry
The Usage-based insurance market is fragmented, with many players. Some of the major players in the global market include Progressive Corporation, Allstate Corporation, Statefarm Insurance, Liberty Mutual Insurance, and Aviva PLC, among others. In the study period, market players were also involved in mergers and acquisitions, and partnerships focused on expanding their presence in the market. The market presents opportunities for growth during the forecast period, which is expected to drive the market competition further. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Usage-Based Insurance (UBI) Market Leaders
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Progressive Corporation
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Allstate Corporation
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Statefarm Insurance
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Liberty Mutual Insurance
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Aviva plc
*Disclaimer: Major Players sorted in no particular order
