Usage-Based Insurance Market Opportunities: How Digital Transformation Is Changing Auto Insurance
The global usage-based insurance (UBI) market is entering a period of strong expansion as insurers increasingly use real-time vehicle and driver data to determine premiums. Valued at US$ 23.67 billion in 2021, the market is projected to grow at a CAGR of 12.54% from 2022 to 2031, reaching approximately US$ 77.14 billion by 2031.
Usage-based insurance is transforming traditional motor insurance...
