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Global and China UBI Industry Report, 2017-2021

Global and China UBI Industry Report, 2017-2021

"Starting in China in 2012, later than in foreign countries, UBI is primarily developed by mainly referring to foreign products and mature models. Auto insurance, always the largest subsector of property insurance in China, reported original premium income of RMB683.455 billion in 2016, up 10.3% from a year earlier and accounting for 78% of property-insurance original premium income. The reform of commercial car insurance rate management system was piloted from May 2015 and the market-oriented reform of car insurance rate was staged nationwide on July 1, 2016. Also, the rapid evolution of automotive IoT (Internet of Things) gives great impetus to the automotive UBI industry. The Chinese automotive UBI market is expected to value RMB201.8 billion in 2021 at a CAGR of 43.0%.

China’s UBI models are led by the “entities + insurers” one. Entities include OEMs, connected car firms, independent service providers, and big data companies.

1. OEMs + Insurers: OEMs usually cooperate with third parties and insurers in UBI field, represented by SAIC Motor + Cihon + CPIC. SAIC Motor and CPIC give a personalized quote for car insurance on auto models carrying OnStar according to consumers’ driving habits, mileage, and other factors. Cihon is responsible for data analysis and insurance model development.

2. Connected Car Platforms + Insurers: Connected car platforms are dominated by Aftermarket TSP (telematics service provider) in UBI field. For example, the insurer (PICC), via Shenzhen Autonet’s connected car platform, provides car owners with one-key insurance claim, quick settlement of claim, and inquiry of insurance status, and develops floating car insurance business.

3. Independent Service Providers + Insurers: Independent service providers usually acquire customer data via APP + OBD to work with insurers to develop UBI and at the same time provide customers with car maintenance and other services.

4. Big Data + Insurers: In UBI field, some insurers, on the one hand, have self-run platforms, such as Zhong An Online P&C Insurance’s O2O car insurance, and on the other hand, co-develop platforms with Internet businesses or other connected car firms. For instance, CPIC organized Internet companies with Baidu and invested in Atzuche. Big data companies employ various methods in UBI field, like Beijing Jingyou Times Information Technology, a provider of database and risk models.

Global and China UBI Industry Report, 2017-2021 highlights the following:
UBI overview (definition, pricing, value, methods of UBI data acquisition, etc.);
Foreign UBI markets (global; UBI in United States, Canada, UK, and Germany;
10 UBI companies and their products in United States, Canada, UK, Germany, and Italy);
UBI business in China (future scale, drivers, entities, development trends);
Local Chinese UBI companies (business, operation, and UBI products of China Life, PICC, Ping An Insurance, Carsmart, Zhong An Online P&C Insurance, Cihon, DiNA Technology, PingJia Technology, Shenzhen Dingran Information Technology, Shenzhen Autonet, Launch Tech, Renrenbao, MSD, Deren Electronic and Zebra-Drive).

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1 Overview of UBI
1.1 Definition
1.2 Pricing
1.3 Value
1.4 Means of Acquisition
2 Global Telematics Insurance Market
2.1 Global
2.2 U.S. UBI Market
2.3 Canadian UBI Market
2.4 UK UBI Market
2.5 German UBI Market
3 Car Insurance and UBI Localization in China
3.1 Status Quo of Car Insurance in China
3.2 UBI Participants in China
3.2.1 OEMs + Insurance Companies
3.2.2 Telematics Platforms or Parts Suppliers + Insurance Companies
3.2.3 Independent Service Providers + Insurance Companies
3.2.4 Big Data Companies
3.2.5 Insurers
3.3 UBI Trends
3.3.1 Chinese UBI Market Size of RMB200 Billion in 2021
3.3.2 Market-based Reform of Car Insurance Rates Will Bring Unprecedented Opportunities to the Development of UBI
3.3.3 Diversified UBI Preferentials
3.3.4 Diversified Means of UBI Acquisition
3.3.5 Diversified Modes of Services Provided by Insurers
4 UBI Cases in Europe
4.1 UnipolSai
4.1.1 Profile
4.1.2 Operating Performance
4.1.3 UBI Business
4.2 Generali
4.2.1 Profile
4.2.2 UBI Business
4.3 Allianz
4.3.1 Profile
4.3.2 Operating Performance
4.3.3 UBI Business
4.4 Insure The Box
4.4.1 Profile
4.4.2 UBI Business
4.4.3 Advantages of InsuretheBox
4.5 RISK Technology
4.5.1 Profile
4.5.2 UBI Business
4.5.3 Methods of Risk Assessment
5 UBI Cases and Companies in North America
5.1 Progressive
5.1.1 Profile
5.1.2 UBI Business
5.1.3 Developments
5.2 State Farm
5.2.1 Profile
5.2.2 Operating Performance
5.2.3 UBI Business
5.3 Allstate
5.3.1 Profile
5.3.2 Operation
5.3.3 UBI Business
5.4 Desjardins
5.4.1 Profile
5.4.2 Operation
5.4.3 UBI Business
5.5 Hartford
5.5.1 Profile
5.5.2 Operation
5.5.3 UBI Business
6 UBI-related Companies in China
6.1 China Life Property & Casualty Insurance Co., Ltd.
6.1.1 Profile
6.1.2 UBI Business
6.2 PICC P&C
6.2.1 Profile
6.2.2 UBI Business
6.3 Ping An Property & Casualty Insurance Co. of China
6.3.1 Profile
6.3.2 Operation
6.3.3 UBI Business
6.4 Zhong An Online P&C Insurance Co., Ltd.
6.4.1 Profile
6.4.2 Operation
6.4.3 UBI Business
6.5 Carsmart
6.5.1 Profile
6.5.2 UBI Business
6.6 Cihon
6.6.1 Profile
6.6.2 UBI Business
6.6.3 Cooperative Mode of SAIC Motor, Cihon and CPIC
6.7 DiNA Technology
6.7.1 Profile
6.7.2 UBI Services
6.7.3 DiNa Telematics Function
6.7.4 DiNA’s Value to Insurers
6.8 PingJia Technology
6.8.1 Profile
6.8.2 UBI Business
6.9 Shenzhen Dingran Information Technology
6.9.1 Profile
6.9.2 UBI Business
6.9.3 Usage Mode
6.9.4 A-Round of Financing
6.10 Shenzhen Autonet
6.10.1 Profile
6.10.2 Insurance Solutions
6.10.3 Way of Cooperation with PICC and China Grand Auto
6.10.4 UBI by Day
6.10.5 Business Trends
6.11 Launch Tech
6.11.1 Profile
6.11.2 Operating Performance
6.11.3 UBI Business
6.12 MSD
6.12.1 Profile
6.12.2 UBI Business
6.12.3 News about MSD UBI Business
6.13 Nanjing Renrenbao Network Technology Co., Ltd.
6.13.1 Profile
6.13.2 UBI Chebao
6.13.3 UBI Lichengbao
6.14 Deren Electronic
6.14.1 Profile
6.14.2 UBI Business
6.14.3 UBI Products
6.15 Zebra-Drive
6.15.1 Profile
6.15.2 UBI Business

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