Usage-Based Insurance (UBI) expected to grow to 142M subscribers globally by 2023


Usage based auto insurance (UBI) is a growing segment of the automotive insurance market, the result of a technological revolution as the Internet of Things (IoT) continues to further influence various industries, including automotive. In 2015, close to 12 million consumers globally subscribed to this type of insurance and this number is expected to grow to 142 million globally by 2023, according to the new IHS Usage Based Insurance (UBI) - 2016 report.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload