Global Usage-Based Insurance Market for ICE & Electric Vehicles (2021 to 2026) - Developing Automotive Usage-Based Insurance Ecosystem Presents Opportunities - ResearchAndMarkets.com
The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%.
- The eCall system, mandatory for all new EU vehicles since March 2018, speeds up emergency-response times by 40-50%.
- However, the decline in sales statistics did not impact the usage-based insurance market at all.
- The Asia Pacific usage-based insurance market is estimated to be the fastest-growing regional market.
- Such initiatives would boost the growth of vehicle telematics, which in turn would drive the growth of the usage-based insurance market during the forecast period.