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Increasing Vehicle Sales and Parc drives usage-based insurance market.
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p style=text-align: justify; background: white; margin: 0cm 0cm 7.5pt 0cm;span style=font-size: 11.0pt; font-family: 'Calibri','sans-serif'; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin; color: #153043;The Americas is projected to lead the strong style=mso-bidi-font-weight: normal;usage-based insurance market/strong for automotive during the forecast period owing to the highest adoption rate of usage-based insurance for new and on-road vehicles equipped with either OBD-II or OE-fitted telematics unit. Most of the cars sold in North America, especially the US and Canada, belong to the premium segment. The dominance of premium cars increases the adoption rate of usage-based insurance as their regular insurance is very high. Through usage-based insurance, vehicle owners can save up to 30% on insurance premiums./span/p
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