Global Usage-based Insurance (UBI) Market Analysis 2024–2033

The Global Usage-based Insurance Market is projected to reach USD 299 billion by 2033, up from USD 32.1 billion in 2023, registering an impressive CAGR of 25.5% from 2024–2033. Rising adoption of telematics, increasing demand for personalized insurance premiums, and cost-effective coverage models are driving growth. The demand impact is profound, as UBI enables insurers to align pricing with individual driving behavior, fostering customer loyalty and risk reduction.

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