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Stock impact report

North America Insurance Telematics Market Set for Remarkable Growth, Expected to Reach USD 5.01 Billion by 2029 [Yahoo! Finance]

Allstate Corporation (The) (ALL) 
Last allstate corporation (the) earnings: 2/4 06:08 pm Check Earnings Report
US:NYSE Investor Relations: allstateinvestors.com
Company Research Source: Yahoo! Finance
With an impressive compound annual growth rate (CAGR) of 18.75% forecasted during the period of 2024-2029, the North American Insurance Telematics Market is expected to flourish, reaching an estimation of USD 5.01 billion by 2029. Key drivers such as the popularity of user-driven insurance policies and the pervasive use of technology that simplifies claims estimation and premium calculations are heralding a new era in the field of automotive insurance. The integration of telematics technology into risk assessment tools empowers insurance companies to tailor renewal premium costs based on concrete data. Behavior-Based Insurance Uptick The market is experiencing a paradigm shift as insurers leverage driver performance monitoring to implement usage-based insurance (UBI) programs, allowing auto insurance policyholders to be rated more precisely. Metamorphosis within the automotive industry's regulatory framework and the surge in adoption of Internet of Things (IoT) technology are fur Show less Read more
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