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Insurance Telematics Market: Global Industry Analysis and Opportunity Assessment March 2017 ©2015 Future Market Insights, All Rights Reserved.

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Presentation on theme: "Insurance Telematics Market: Global Industry Analysis and Opportunity Assessment March 2017 ©2015 Future Market Insights, All Rights Reserved."— Presentation transcript:

1 Insurance Telematics Market: Global Industry Analysis and Opportunity Assessment 2017-2027 March 2017 ©2015 Future Market Insights, All Rights Reserved Report Id : REP-GB-3219 Status : Ongoing Category : Electronics, Semiconductors, and ICT

2 About Future Market Insights ©2015 Future Market Insights, All Rights Reserved Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Subscription Information  Customized Research  Syndicated Research  Investment Research  Social Media Research Sector Coverage  Automotive and Transportation  Electronics, Semiconductor, and ICT  Retail and Consumer Products  Industrial Automation and Equipment  Chemicals & Materials  Food and Beverages  Services and Utilities  Energy, Mining, Oil, and Gas For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Customized Research Syndicated Research Investment Research Social Media Research 2

3 Research Methodology (1/2) Systematic Research Approach In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. PMR formulates a detailed discussion guide to conduct expert and industry interviews PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts PMR conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry PMR delivers industry insights and information in the required format (PDF) Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution A C B Primary Research Company Analysis Desk Research  Identifying key opinion leaders  Questionnaire design  In-depth interviews  Coverage across value chain  Market participants  Key strengths  Product portfolio  Mapping as per value chain  Key focus segments  Key industry experts  Channel study  Developments  Market dynamics  Products  Conclusions SOLUTION Primary Research #  Linkedin  Zoominfo  Salesforce  Avention  Factiva  GBI  Genios  Meltwater  Company websites  Company annual reports  White papers  Financial reports ©2015 Future Market Insights, All Rights Reserved Secondary Research #Paid Publications# Insights Market profiling Formulating discussion guide Developing list of respondents Data analysis Data validation Data collection 1 2 3 4 5 6 7 # includes sources of databases 3

4 Recently insurance industry is facing a huge technological shift in order to stay competitive in the market. Due to innovations in IoT and using them for insurance telematics products in order to connect insurance products and their offerings are in rise. The growth in investments in the IoT insurance technologies are enabling to develop innovative insurance telematics offerings. Insurance telematics devices are primarily used by automobile insurance companies in order to track driving behavior of the customer and based on their performance in driving there would be change in the insurance premiums. Life insurance companies are incorporating health tracking devices in order to integrate change premiums and insurance plans based on the customer’s health change patterns. This smart life way of changing insurance offers is an example of how insurance companies are starting to make impact in the daily lives of their customers. Market drivers & challenges: These technology enabled products will become necessary across all segments of the insurance industry, as increase in the digital savvy customers. Growth in innovations like IoT and machine learning also increase the adoption of insurance telematics market. Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-3219http://www.futuremarketinsights.com/reports/sample/rep-gb-3219 Insurance Telematics Market ©2015 Future Market Insights, All Rights Reserved 4

5 Insurance telematics market is also driven by the growth in construction industry where insurance companies offer reduced premiums based on the building systems and also react and monitor utilities in order to understand water leakage, fire occupancy trends etc. Insurance companies can use this data findings and can do predictive maintenance by detecting potential problems prior to their occurrence, thereby reducing claims from the customers. One of the major challenge faced insurance telematics market is lack of knowledge of these advanced technologies by the insurance companies and the huge task of designing the IoT applications based on company’s Policies and government regulations. Global Insurance Telematics Market: Segmentation Global Insurance telematics market is segmented based on the type of Deployment, by the size of the organisation, by region. On the basis of the type of deployment Global Insurance telematics market is segmented to Cloud, On- premise. On the basis of the size of organisation the Global Insurance telematics market is segmented to Small and Medium Enterprises (SMEs), Large Enterprises. Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-3219http://www.futuremarketinsights.com/toc/rep-gb-3219 Insurance Telematics Market ©2015 Future Market Insights, All Rights Reserved 5

6 On basis of region global Insurance Telematics Market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and The Middle East and Africa (MEA). Market Overview: Majority of the Insurance Telematics market is dominated by Europe as there are large number of insurance companies adopting to these change. Followed by North America and Asia pacific which also share a significant market due of growth of online retail. Key Market Players: Some of the key players in Global Insurance Telematics Market include, CoverBox Ltd., Hughes Telematics, Inc., Insure The Box, Liberty Mutual Insurance Company, MyDrive Solutions, Novatel Wireless, Numerex Corporation,, State Farm, TomTom, TRACKER Network, Travelers Indemnity Company, Trimble Insurance Agency, Inc., ViaSat, Inc., Zurich Financial Services Ltd. Browse Full Report@ http://www.futuremarketinsights.com/reports/insurance-telematics-markethttp://www.futuremarketinsights.com/reports/insurance-telematics-market Insurance Telematics Market ©2015 Future Market Insights, All Rights Reserved 6

7 Future Market Insights Global & Consulting Private Limited (FMI) Thank You To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Harish Tiwari (General Manager & Global Head Business Development) Future Market Insights : 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Harish Tiwari (General Manager & Global Head Business Development) Future Market Insights : 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com 7


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