UBI Industry Global Trends With Focus on North America, Europe, China Regions

PUNE, India, November 14, 2016 /PRNewswire/ --

ReportsnReports.com adds "Global and China UBI Industry Report, 2016-2020" latest study of 110 pages, published in Aug 2016, to the Banking and Financial Services collection of its store. UBI Industry Report, 2016-2020 focuses on the followings- UBI overview (definition, value, methods of acquisition, difficulties for UBI development in China), Foreign UBI markets (global; UBI in United States, Canada, UK, and Germany; 10 UBI companies and products in United States, Canada, UK, Germany, and Italy), UBI in China (future scale, drivers, players, trends), Local Chinese UBI companies (business, operation, and UBI products of China Life, PICC, Ping An Insurance, Zhong An Online P&C Insurance, Cihon, DiNA Technology, Shenzhen Dingran Information Technology, Shenzhen Autonet, Launch Tech, Renrenbao, Carsmart, MSD, and Deren Electronic).

Complete UBI market report is available at http://www.reportsnreports.com/reports/666862-global-and-china-ubi-industry-report-2016-2020.html .

UBI-related Companies in Europe are UnipolSai, Generali, Allianz, Insure The Box and RISK Technology. UBI -related Companies in North America are Progressive, State Farm, Allstate, Desjardins and Hartford. UBI-related Companies in China- China Life Property & Casualty Insurance Co.Ltd., PICC P&C, Ping An Property & Casualty Insurance Co. of China, Zhong An Online P&C Insurance Co. Ltd., Carsmart, Cihon, DiNA Technology, Risk Network, Shenzhen Dingran Information Technology, Shenzhen Autonet, Launch Tech, MSD, Nanjing Renrenbao Network Technology Co. Ltd.and Deren Electronic. Staring from 2012, UBI in China lags behind that in foreign countries. Hence, domestic UBI products are operated with reference to some foreign mature models. Various Chinese parties are actively promoting the development of UBI for now. OEMs + Insurers- OEMs usually cooperate with third parties and insurers in UBI field, represented by SAIC Motor + Cihon + CPIC. SAIC Motor and CPIC give a personalized quota for car insurance on auto models carrying OnStar according to consumers' driving habits, mileage, and other factors. Cihon is responsible for data analysis and insurance model development. Telematics Platforms or Parts Manufacturers + Insurers - Telematics platforms are dominated by AM TSP in UBI field. For example, the insurer (PICC), via Shenzhen Autonet's Telematics platform, provides car owners with one-key insurance claim, quick settlement of claim, and inquiry of insurance status, and develops floating car insurance business. Parts manufacturers launch their own AM hardware or set up UBI-related companies. For instance, Deren Electronic, on the one hand, teams up with ATzuche to release its own OBD, and on the other hand, acquires Telematics-related companies and set up Dedao TSP with CPIC.

Order a copy of Global and China UBI Industry Report, 2016-2020 at http://www.reportsnreports.com/purchase.aspx?name=666862 .

Independent Service Providers + Insurers- Independent service providers usually acquire customer data via APP + OBD to work with insurers to develop UBI and at the same time provide customers with preferential services with regard to maintenance and other aspects.

Another research titled Global Usage Based Insurance (UBI) Industry 2016 Market Research Report The report provides a basic overview of the industry including definitions and classifications. The Usage Based Insurance (UBI) market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. The report focuses on global major leading industry players providing information such as company profiles, product specification, price, cost, revenue and contact information.  With 108 the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Companies mentioned Global Usage Based Insurance (UBI) Industry are Allianz, Insure The Box, Allstate, Desjardins Insurance, UnipolSai, Generali, State Farm, Esurance, Hartford, China Life Property & Casualty Insurance, PICC P&C, Ping An Property & Casualty Insurance Company of China and Angbang-insurance.

Browse Complete Global Usage Based Insurance (UBI) Industry 2016 Market Research Report at http://www.reportsnreports.com/reports/455703-global-usage-based-insurance-ubi-industry-2016-market-research-report.html .

Explore more Banking and Financial Services Industry research report at http://www.reportsnreports.com/market-research/banking-services/ .    

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