Usage-based Insurance UBI Market Size, Share & Trends Report by 2034

Research Methodology – Usage-based Insurance UBI Market

At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Usage-based Insurance UBI Market comprises the following key stages:

Market Indicator & Macro-Factor Analysis

Our baseline thesis for the Usage-based Insurance UBI Market is developed by integrating key market indicators and macroeconomic variables. These include:

1 Factors considered while calculating market size and share

Number of active users of Usage Based Insurance products.
Total revenue generated by the UBI market.
Market penetration of UBI in different geographies.
Regulation and policy affects on UBI implementation.
Customer preferences towards UBI products.
Competitive landscape and share of key market players.
Projected market growth of UBI.
Rate of technological advancements influencing the UBI market.
Demographic factors such as age, income, and driving behaviours.

2 Key Market Indicators

Growth rate of UBI adoption among drivers.
Percentage of insurers offering UBI policies.
Market capitalization of leading players in the UBI market.
Shift in insurance premiums due to the adoption of UBI policies.
Number of new entrants in the UBI market.
Percentage change in UBI policy sales from year to year.
Diversity of UBI products available in the market.
Technology readiness and infrastructure to support UBI.

3 Growth Trends

Increasing adoption of telematics and connected vehicles.
Integration of Artificial Intelligence and Machine Learning in UBI.
Emergence of new entrants innovating in the UBI market space.
Increasing consumer acceptance and demand for UBI products.
Increasing use of big data and analytics in the insurance sector.
Expanding regulatory support for UBI implementation.
Growing focus on risk management and cost-saving in auto-insurance.

Secondary Research

Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Usage-based Insurance UBI Market. Key inputs include:

Company-Level Information

Annual reports, investor presentations, SEC filings
Company press releases and product launch announcements
Public executive interviews and earnings calls
Strategy briefings and M&A updates

Industry and Government Sources

Country-level industry associations and trade bodies
Government dossiers, policy frameworks, and official releases
Whitepapers, working papers, and public R&D initiatives
Relevant Associations for the Usage-based Insurance UBI Market

Market Intelligence Sources

Broker reports and financial analyst coverage
Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
Import/export trade data and tariff databases
Sector-specific journals, magazines, and news portals

Macro & Consumer Insights

Global macroeconomic indicators and their cascading effect on the industry
Demand–supply outlook and value chain analysis
Consumer behaviour, adoption rates, and commercialization trends

Primary Research

To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:

Expert Insights & KOL Engagements

Key Opinion Leader (KOL) Engagements
Structured interviews with executives, product managers, and domain experts
Paid and barter-based interviews across manufacturers, distributors, and end-users

Focused Discussions & Panels

Discussions with stakeholders to validate demand-supply gaps
Group discussions on emerging technologies, regulatory shifts, and adoption barriers

Data Validation & Business POV

Cross-verification of market sizing and forecasts with industry insiders
Capturing business perspectives on growth opportunities and restraints

Data Triangulation & Forecasting

The final step of our research involves data triangulation ensuring accuracy through cross-verification of:

Demand-side analysis (consumption patterns, adoption trends, customer spending)
Supply-side analysis (production, capacity, distribution, and market availability)
Macroeconomic & microeconomic impact factors

Forecasting is carried out using proprietary models that combine: