Connected Cars in Insurance - Thematic Research

Connected Cars in Insurance - Thematic Research


This report provides an in-depth analysis of the connected motor insurance market. It looks at market size as well as claims, contextual and economic factors, regulation, and opportunities. It provides a thorough overview of the market along with analysis of how the development of connected cars will impact the insurance value chain.


  • Connected cars are already present on today’s roads, and there are insurance policies specifically designed to leverage the data they collect. These policies are still quite rudimentary and only measure a few variables, but they will become more sophisticated over time.
  • Insurers currently leverage data from back boxes and smartphone apps to create a clearer picture of an individual’s risk profile. However, these offerings are mostly targeted towards young drivers, which limits their popularity.
  • As connected car technology becomes standard in new cars, car manufacturers will become embedded in the insurance value chain due to the vast amounts of data generated by their fleets. This will open the door for manufacturers to develop their own insurance offerings, increasing competition within the market.
Reasons to buy
  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as new innovations and insurance models begin to enter the market.
  • Be prepared for how regulation will impact the use of connected cars in insurance over the next few years.

  • Introduction
  • Players
    • Table Figure 1: Who are the big players in the connected car insurance theme?
  • Technology briefing
    • Connected cars
      • Table Figure 2: The future of in-car infotainment
      • Table Figure 3: Vehicle telematics
      • Table Figure 4: V2X technology
  • Trends
    • Technology trends
      • Table Technology trends
    • Macroeconomic trends
      • Table Macroeconomic trends
    • Regulatory trends
      • Table Regulatory trends
  • Industry analysis
    • The impact of connected cars on the global motor insurance market
      • Table The countries most prepared for autonomous vehicles
      • Table Figure 5: The US generates the most motor premiums among the countries most ready for autonomous vehicles
    • The impact of connected cars on the UK insurance market
      • Table Figure 6: Growth in the UK motor insurance market is somewhat volatile
      • Table Figure 7: Claims frequency in the UK has been on the decline, yet motor premiums remain high
      • Table Figure 8: Insurers are paying more to settle claims now than they were four years ago
      • Table Gross claims paid by type, 2014-18
      • Table Figure 9: Connected car technology is becoming more prevalent but is still not commonplace
      • Table Figure 10: Telematics policies are more popular among younger consumers
      • Table Potential savings using the Aviva Drive app
      • Table Figure 11: Telematics concerns and incentives
    • The impact of connected cars on the future motor insurance market
      • Table Figure 12: The US and Japan expect to see strong market growth through to 2022
      • Table Figure 13: Growth in the UK private motor insurance market is expected to slow down post-2020
      • Table Figure 14: By 2026, 100% of new vehicles registered in the UK will be connected
      • Table Figure 15: Autonomous vehicle levels
    • Mergers and acquisitions
      • Table Mergers and acquisitions
    • Timeline
      • Table Figure 16: The connected car story
  • Value chain
    • Table Figure 17: The insurance value chain
    • Table Figure 18: The connected car insurance value chain
    • Product development
      • Table Figure 19: Insurance value chain: Product development layer
    • Marketing and distribution
      • Table Figure 20: Insurance value chain: Marketing and distribution layer
    • Underwriting and risk profiling
      • Table Figure 21: Insurance value chain: Underwriting and risk profiling layer
    • Claims management
      • Table Figure 22: Insurance value chain: Claims management layer
    • Customer service
      • Table Figure 23: Insurance value chain: Customer service layer
  • Companies
    • Public companies
      • Table Public companies
    • Private companies
      • Table Private companies
  • Glossary
    • Table Glossary
  • Further reading
    • GlobalData reports
  • Appendix: Our thematic research methodology
    • Viewing the world's data by themes makes it easier to make important decisions
    • Traditional research does a poor job of picking winners and losers
    • That is why we developed our "thematic engine"
    • How do we create our sector scorecards?
      • Table Figure 24: Our five-step approach for generating a sector scorecard
    • What is in our sector scorecards?
    • How do we score companies in our thematic screen?
    • How our research reports fit into our overall thematic research ecosystem
    • About GlobalData
    • Contact us
    • Disclaimer

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