In 2019, the largest telematics insurance market was found in North America, with total revenues of around 1.18 trillion U.S. dollars for the year. The only other region that generated revenues even close to this was Europe (excluding the U.K.) with revenues of around 732 million U.S. dollars; with third-placed Asia Pacific region (excluding China) having a market over seven times smaller than North America.
Market size of the telematics insurance market worldwide in 2019, by region
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Telematics insurance is a type of car insurance where a telematics box is fitted to your car. The telematics box (also commonly known as a black box) then measures various aspects of how, when and where you drive. Insurance companies then use this data to calculate premiums on an individual basis.
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BIS Research. (July 19, 2021). Market size of the telematics insurance market worldwide in 2019, by region (in million U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/
BIS Research. "Market size of the telematics insurance market worldwide in 2019, by region (in million U.S. dollars)." Chart. July 19, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/
BIS Research. (2021). Market size of the telematics insurance market worldwide in 2019, by region (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/
BIS Research. "Market Size of The Telematics Insurance Market Worldwide in 2019, by Region (in Million U.S. Dollars)." Statista, Statista Inc., 19 Jul 2021, https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/
BIS Research, Market size of the telematics insurance market worldwide in 2019, by region (in million U.S. dollars) Statista, https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/ (last visited August 24, 2024)
Market size of the telematics insurance market worldwide in 2019, by region (in million U.S. dollars) [Graph], BIS Research, July 19, 2021. [Online]. Available: https://www.statista.com/statistics/1256925/market-size-telematics-insurance-region-worldwide/
