Usage-Based Insurance Market to Grow at CAGR of 22% through 2033; Dynamic Risk Assessment, Personalized Plans, Cost Savings, Regions Analysis & Business Opportunities [Yahoo! Finance]
Allstate Corporation (The) (ALL)
Last allstate corporation (the) earnings: 2/4 06:08 pm
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Source: Yahoo! Finance
The market will experience rapid growth due to technological advancements in telematics during the forecast period. Newark, April 08, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 30 billion in 2023 global usage-based insurance market will reach USD 219.13 billion in 2033. Telematics technology is used by Usage-Based Insurance (UBI) to track individual driving habits. This method uses real-time data collected from vehicles to determine the parameters for auto insurance. A lot of information, including speed, distance travelled, braking habits, and time of day, is tracked by telematic devices or smartphone apps. Request Sample PDF Brochure: https://www.thebrainyinsights.com/enquiry/sample-request/14105 Insurance companies can customize rates to a driver's real driving behaviour by using telematics and gathering this kind of data, which provides insights into the driver's behaviours and permits a dynamic risk assessment. Based on this study, premiums are modi
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ALL
Earnings
- 5/1/24 - Beat
ALL
Sec Filings
- 5/10/24 - Form 13F-HR
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- ALL's page on the SEC website