Global and China Automotive UBI (Usage-based Insurance) Industry Report, 2014-2017
  • Sep.2015
  • Hard Copy
  • USD $2,300
  • Pages:90
  • Single User License
    (PDF Unprintable)       
  • USD $2,100
  • Code: QL001
  • Enterprise-wide License
    (PDF Printable & Editable)       
  • USD $3,300
  • Hard Copy + Single User License
  • USD $2,500

Usage-based insurance (UBI) is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place. It more closely aligns driving behaviors with premium rates for auto insurance. The UBI program mainly includes On-Board Diagnostics (OBD) to monitor the driving habits, pay as you drive (PAYD), and pay how you drive (PHYD).

At present, UBI has been popularized in Europe and the United States, where the insurers like Allianz, Insure The Box, Progressive, Allstate, and Desjardins Insurance have developed UBI business and made some profits. Meanwhile, the telematics providers in different countries including Baseline Telematics, Masternaut, MyDrive Solutions Limited, Octo Telematics, and TomTom Telematics have continuously optimized OBD devices to assist insurers with accurate UBI pricing.

UBI has not only allowed users to save premiums, but also helped insurers win the interests. At present, China’s automotive insurance market has high premiums and auto insurance enterprises have higher combined ratio, so the marketization of the motor vehicle insurance rate is vividly portrayed, and thus UBI came into being. As of August 2015, China’s UBI business models were as follows:

20120114.gifBuying Insurance that Comes with Maintenance
Typical Cases: Cooperating between Tencent Lobo, Castrol, and PICC P&C
Operation Model: PICC sold auto insurance to car owners, and the car owners who bought Lobo Box and PICC auto insurance accept oil maintenance service at designated offline service outlets and obtained subsidies through Lobo APP after payment. The preference lasts for one year, with unlimited times. Lobo APP, together with Lobo Box, can record the driving conditions.
20120114.gifCooperation between Telematics Companies and Insurers
Typical Cases: Carsmart has cooperated with China Life Property & Casualty Insurance and Sunshine Insurance Group.
Operation Model: After having bought auto insurance of insurance companies, car owners can gain in-vehicle OBD from telematics companies for free. OBD records the data on drivers’ driving, and telematics companies analyze the data, based on which the insurance companies determine the owners’ premium rate. Drivers with good driving habits could get benefits. The model could help telematics companies and insurers carry out multilateral cooperation.

20120114.gifCooperation between Internet firms, Insurance Companies, and Telematics Companies
Typical Cases: Baidu, Launch, and Ping An Property & Casualty Insurance Company
Operation Model: Internet companies provide internet access, APP, and big-data analysis solutions; OBD enterprises offer in-vehicle diagnosis and maintenance service; insurance companies provide auto insurance claim service. Baidu and Launch jointly released golo, which records the driving behavior, and at the same time they provide the drivers’ pricing scheme to insurance companies. Ping An Property & Casualty Insurance Company determines the vehicle insurance rate of different type of customers based on risk pricing schemes.

20120114.gifCooperation between Auto Circulation Industry, Insurance Companies, and Telematics Companies
Typical Cases: cooperation between China Grand Auto, PICC P&C, and Shenzhen Autonet
Operation Model: Car owners buy cars in 4S dealership stores whilst purchasing auto insurance of cooperative insurers before gaining in-vehicle OBD device. And the customers can obtain preference for maintenance service offered by 4S dealership stores. At the same time, the customers with good driving habits will also gain premium discount provided by insurance companies.

In the future, in-vehicle OBD and supported APP will continue to optimize driving behavior monitoring, traffic monitoring, positioning, anti-theft, and risk early-warning, and make UBI pricing parameter selection and algorithm model more accurate. UBI is bound to provide more reasonable auto insurance to customers, and bring benefits to insurers.

1 Overview of UBI
1.1 Definition
1.2 Value to Users
1.3 Value to Insurers
1.4 Challenge and Future
1.4.1 Challenge 
1.4.2 Future

2 Global Telematics Insurance Market
2.1 Automobile Insurance Market in the US
2.2 UBI Development Status and Trend in North America
2.2.1 UBI Market in the US
2.2.2 UBI Market in Canada
2.3 Automobile Insurance Market in Europe
2.3.1 UBI Market in Germany
2.3.2 UBI Market in the UK
2.3.3 UBI Market in France
2.4 UBI Market in Japan

3 Status Quo and Trends of Automobile Insurance and UBI in China
3.1 Current Situation of Automobile Insurance in China
3.2 Development Status of UBI in China
3.3 Development Trends in UBI in China

4 UBI Cases and Companies in Europe
4.1 UnipolSai
4.1.1 Profile 
4.1.2 UBI Business
4.2 Generali
4.2.1 Profile 
4.2.2 UBI Business
4.3 Allianz
4.3.1 Profile 
4.3.2 UBI Business
4.4 Insure The Box
4.4.1 Profile 
4.4.2 UBI Business

5 UBI Cases and Companies in North America
5.1 Progressive
5.1.1 Profile 
5.1.2 UBI Business
5.2 State Farm
5.2.1 Profile 
5.2.2 UBI Business
5.3 Allstate
5.3.1 Profile 
5.3.2 UBI Business
5.4 Esurance
5.4.1 Profile 
5.4.2 UBI Business
5.5 Desjardins
5.5.1 Profile 
5.5.2 UBI Business
5.6 Hartford
5.6.1 Profile 
5.6.2 UBI Business

6 UBI Companies in China
6.1 China Life Property & Casualty Insurance Co., Ltd.
6.1.1 Profile 
6.1.2 Operation Business
6.1.3 Revenue Structure
6.1.4 Motor Vehicle Insurance Business
6.1.5 UBI Business
6.2 PICC P&C
6.2.1 Profile 
6.2.2 Operation Business
6.2.3 UBI Business
6.3 Ping An Property & Casualty Insurance Company of China, Ltd.
6.3.1 Profile 
6.3.2 Operation Business
6.3.3 Revenue Structure
6.3.4 Information on Operating Insurance Products
6.3.5 Motor Vehicle Insurance Operation Business
6.3.6 UBI Business
6.4 Angbang-insurance
6.4.1 Profile 
6.4.2 Operation Business
6.4.3 Revenue Structure
6.4.4 Information on Operating Insurance Products
6.4.5 Motor Vehicle Insurance Operation Business

7 Foreign UBI Product and Technology Providers
7.1 Baseline Telematics
7.1.1 Profile 
7.1.2 Telematics Business
7.2 Vodafone Automotive
7.2.1 Profile 
7.2.2 Telematics Business
7.3 Masternaut
7.3.1 Profile 
7.3.2 Telematics Business
7.4 Modus
7.4.1 Profile 
7.4.2 Telematics Business
7.5 MyDrive Solutions
7.5.1 Profile 
7.5.2 Telematics Business
7.6 Octo Telematics
7.6.1 Profile 
7.6.2 Telematics Business
7.7 TomTom Telematics
7.7.1 Profile 
7.7.2 Insurance Telematics Business

8 Chinese UBI Product and Technology Providers
8.1 Tencent Lobo
8.1.1 Profile 
8.1.2 Tencent iMaintenance
8.2 Beijing Carsmart Technology Co., Ltd.
8.2.1 Profile 
8.2.2 Business Performance
8.2.3 Revenue Structure
8.2.4 Core Telematics Products
8.2.5 Telematics UBI Business
8.3 Nanjing Renrenbao Network Technology Co., Ltd.
8.3.1 Profile 
8.3.2 Chebao UBI Business
8.4 Launch Tech Co., Ltd.
8.4.1 Profile 
8.4.2 UBI Business
8.5 Shenzhen Autonet Co., Ltd.
8.5.1 Profile 
8.5.2 Business Model
8.5.3 Business Cooperation Model
8.5.4 Latest Business Trend
8.6 Risk Network
8.6.1 Profile 
8.6.2 UBI Business
8.6.3 Development Strategy
8.7 JiangSu CPS Digital DNA Science Technology Development Co., Ltd.
8.7.1 Profile 
8.7.2 UBI Business
8.8.1 Profile 
8.8.2 UBI Business
Value of UBI Products to Users by Level
Distribution of UBI Companies Worldwide
PAYD Model of Foreign Auto Insurance Enterprises
Global UBI Penetration by Region, 2020E
Customer Satisfaction of US Insurance Companies, 2015
Development of UBI in Europe 
Development of UBI in the UK 
Operation of Chinese UBI Enterprises
UBI Market Size in China, 2014-2020E
Allianz’s Global Business 
Allianz’s UBI Products
Allianz’s Competitors
Allianz and Its Major Rivals
Allianz’s Partners
Elements and Functions of Black Box
Revenue and Net Income of Progressive Insurance, 2010-2014  
Revenue of Progressive Insurance by Product, 2010-2014 
Progressive’s UBI Development History
Progressive’s telematics box, which fits under the dashboard
State Farm’s Premium Revenue and Growth Rate, 2011-2014    
State Farm’s Loss Ratio Promised, 2011-2014    
Net Income of State Farm, 2011-2014    
Business Process of State Farm DSS
Premium Renewal Discount of Users that Use and Do Not Use DSS 
State Farm DSS Value-added Service
DriveWise Products of Allstate
Drivewise APP Services of Allstate
Ajusto Small-sized Wireless Devices
Ajusto Program with Telematics Devices
Revenue and Net Income of China Life Property & Casualty Insurance, 2011-2014   
Revenue Structure of China Life Property & Casualty Insurance, 2011-2014
Motor Vehicle Insurance Operation of China Life Property & Casualty Insurance, 2011-2014
Revenue and Net Income of PICC P&C, 2011-2014   
Revenue and Net Income of Ping An Property & Casualty Insurance Company of China, 2011-2014   
Revenue Structure of Ping An Property & Casualty Insurance Company of China, 2011-2014
Products of Ping An Property & Casualty Insurance Company of China, 2014  
Motor Vehicle Insurance Operation Business of Ping An Property & Casualty Insurance Company, 2011-2014 
Revenue and Net Income of Anbang Property Insurance, 2011-2014
Revenue Structure of Anbang Property Insurance, 2011-2014
Insurance Products of Anbang Insurance Group, 2014
Motor Vehicle Insurance Business of Anbang Property Insurance, 2011-2014 
Vodafone Automotive’s Main Business
Vodafone Automotive’s Major Global Markets
Vodafone’s UBI Solution
Ranking of Masternaut UBI Trials in Europe
Modus UBI Telematics Structure
Update of MyDrive Products 
Wipro-Mydrive and Major Competitors
Octo’s Telematics Services
Octo’s Partners
Clear Box Functional Module
TomTom UBI Model
Tencent iMaintenance “Buying Auto Insurance that Comes with Free Maintenance” Model
Revenue and Net Income of Beijing Carsmart Technology, 2010-2014
Revenue Structure of Beijing Carsmart Technology by Business, 2010-2014
Chebao UBI Business Model
Business Model of LAUNCH
Business Model of Shenzhen Autonet
Cooperation between Shenzhen Autonet, China Grand Auto, and PICC P&C
Risk Network’s UBI Model Development Process
Produce Release of DNA Science Technology
UBI Business Model of DNA Science Technology
Three Major Functional Modules of PICC Aiche V1.0
Main Functions of GID Lite

China Automotive Fragrance and Air Purification Systems Research Report, 2023

Automotive fragrance and air purification systems: together to create a comfortable and healthy cockpitTechnology trend: intelligence of fragrance system and integration of air purification system In...

Global and China Solid State Battery Industry Report, 2023

Solid state battery research: semi-solid state battery has come out, is all-solid state battery still far away?In recent years, the new energy vehicle market has been booming, and the penetration of n...

Global and China Passenger Car T-Box Market Report, 2023

T-Box industry research: the market will be worth RMB10 billion and the integration trend is increasingly clear. ResearchInChina released "Global and China Passenger Car T-Box Market Report, 2023", w...

Analysis Report on Auto Shanghai 2023

Analysis on 75 Trends at Auto Shanghai 2023: Unprecedented Prosperity of Intelligent Cockpits and Intelligent Driving Ecology After analyzing the intelligent innovation trends at the Auto Shanghai 20...

Chinese Emerging Carmakers’ Telematics System and Entertainment Ecosystem Research Report, 2022-2023

Telematics service research (III): emerging carmakers work on UI design, interaction, and entertainment ecosystem to improve user cockpit experience. ResearchInChina released Chinese Emerging Carmake...

China Passenger Car Cockpit-Parking Industry Report, 2023

Cockpit-parking integration research: cockpit-parking vs. driving-parking, which one is the optimal solution for cockpit-driving integration?Cockpit-parking vs. driving-parking, which one is the optim...

Automotive Sensor Chip Industry Report, 2023

Sensor chip industry research: driven by the "more weight on perception" route, sensor chips are entering a new stage of rapid iterative evolution. At the Auto Shanghai 2023, "more weight on percepti...

Automotive Electronics OEM/ODM/EMS Industry Report, 2023

Automotive electronics OEM/ODM/EMS research: amid the disruption in the division of labor mode in the supply chain, which auto parts will be covered by OEM/ODM/EMS mode?  Consumer electronic manu...

China Automotive Smart Glass Research Report, 2023

Smart glass research: the automotive smart dimming canopy market valued at RMB127 million in 2022 has a promising future.Smart dimming glass is a new type of special optoelectronic glass formed by com...

Automotive Ultrasonic Radar and OEM Parking Roadmap Development Research Report, 2023

Automotive Ultrasonic Radar Research: as a single vehicle is expected to carry 7 units in 2025, ultrasonic radars will evolve to the second generation.    As a single vehicle is expec...

Autonomous Driving SoC Research Report, 2023

Research on autonomous driving SoC: driving-parking integration boosts the industry, and computing in memory (CIM) and chiplet bring technological disruption.  “Autonomous Driving SoC Research ...

China ADAS Redundant System Strategy Research Report, 2023

Redundant System Research: The Last Line of Safety for Intelligent VehiclesRedundant design refers to a technology adding more than one set of functional channels, components or parts that enable the ...

Intelligent Steering Key Components Report, 2023

Research on intelligent steering key components: four development trends of intelligent steering The automotive chassis consists of four major systems: transmission system, steering system, driving ...

Automotive Digital Instrument Cluster Operating System Report, 2023

Digital Instrument Cluster Operating System Report: QNX commanded 71% of the Chinese intelligent vehicle cluster operating system market. Amid the trend for the integration of digital cluster and cen...

800V High Voltage Platform Research Report, 2023

How to realize the commercialization of 800V will play a crucial part in the strategy of OEMs. As new energy vehicles and battery technology boom, charging and battery swapping in the new energy vehi...

Automotive Intelligent Cockpit Platform Research Report, 2023

Intelligent cockpit platform research: the boundaries between vehicles and PCs are blurring, and there are several feasible paths for cockpit platforms. Automotive Intelligent Cockpit Platform Resea...

Global and China Automotive Wireless Communication Module Industry Report,2023

Vehicle communication module research: 5G R16+C-V2X module, smart SiP module and other new products spring up.   In 2022, 4G modules swept 84.3% of the vehicle communication module market....

Intelligent Vehicle Cockpit-Driving Integration Research Report, 2023

Cockpit-Driving Integration Research: many companies are making layout and may implement it during 2024-2025.  1. What is the real cockpit-driving integration? At present, automotive electroni...

2005- All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号