Usage-based Insurance Market to reach $125 billion by 2027, Global Market Insights Inc.


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Selbyville, Delaware, June 03, 2021 (GLOBE NEWSWIRE) --Global Market Insights Inc. has recently added a new report on the usage-based insurance market which estimates the market valuation for UBI will cross USD 125 billion by 2027. Growing adoption of in-vehicle connected insurance solutions for reducing unanticipated claims and promoting safe driving practices is driving industry growth. The increasing production of passenger & commercial cars is driving the adoption of usage-based insurance products. About Global Market InsightsGlobal Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making.