Canada Automotive Usage-Based Insurance (UBI) Market Report 2022 Featuring Allstate, Belairdirect, Desjardins, Liberty Mutual, State Farm, TD Insurance, & Travelers Insurance

DUBLIN, Oga. 4, 2022 /PRNewswire/ — The “Opportunities to Expand Canada’s UBI Trucks” report added’s to give.

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This research project presents new trends affecting the automotive usage-based insurance (UBI) industry in Canadaand adapt to new business models in this area.

The study identifies and analyzes industry trends and trends, with a focus on new-age vehicles. Over the past few years, the auto insurance industry has changed rapidly. The traditional method of matching premiums and underwriting, based on a limited number of parts, drivers’ driving history, and demographics, is becoming obsolete.

The appearance of real-time monitoring of the behavior of the car and drivers with the telematics of the car and the connection of the smartphone, including algorithms based on several factors that capture the real value of the risk, help to reduce insurance costs now. This results in significant savings for both the insurance company and the insured.

Changes in communications technology have disrupted the auto insurance ecosystem, creating new relationships between insurers, telematics service providers (TSPs), original equipment manufacturers (OEMs), and end users. As a result, new types of risks in transportation must be insured, making traditional insurance policies obsolete and requiring changes in the way insurance is evaluated. Customers who share their data benefit from personalized policies and lower premiums, and automakers can begin to capitalize on the revenue generated by connected cars, which have become increasingly important to insurers.

The study also reviews market trends, technology, and information that helps readers understand where market opportunities exist. The above includes data use cases, artificial intelligence, and future technological developments such as blockchain, as demonstrated by research conducted by automakers.

The study also benchmarks solutions for telematics service providers and insurance companies by examining solutions and industry services, key industry partnerships, and provides a future outlook for the UBI industry.


  • What opportunities can be addressed from UBI policies between 2021 and 2028?

  • What are the key relationships that need to be established to succeed in the UBI industry? What are the current UBI proposals?

  • What are the drivers and challenges for the UBI industry Canada?

  • Who are the stakeholders in the UBI Ecosystem and how does it evolve?

  • What are the future prospects for the Canadian UBI industry?

Key Topics Covered:

1. Basic Procedures

  • Why Is Growing Up So Hard?

  • The Strategic Imperative

  • Impact of the Top 3 Demands on the UBI car industry

  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Procedures for UBI

  • Basic Parameters in the Car Insurance Sector

  • Trends Impacting Automotive Insurance

  • Changes in the Auto Insurance Market

  • The Connected Car – New Parameters

  • UBI Pricing Model Analysis

  • Impact of Connected, Autonomous, Shared, Electric (CASE) Solutions on Automotive Insurance

  • UBI Connectivity Support and New Use Cases

  • Communication to Improve Underwriting for Auto Insurance

  • Connected Cars Are Creating New Areas of Insurance

  • Automotive UBI Roadmap, 2022-2052

3. Analyzing Growth Opportunities

  • Quantitative Analysis

  • UBI Data Collection and Monetization Avenues

  • UBI Services – Leveraging IoT and New Technologies

  • The Impact of AI on the Auto Insurance Industry

  • Case Study – Blockchain in UBI by Toyota

  • Canadian UBI Market Analysis

  • Auto Insurance Changes in Canada

  • Growth Metrics

  • Growth Drivers

  • Growth Constraints

  • Speculations

  • Income Forecasts

  • Unit Predictions

  • Competitive Places, 2021

  • Participants in the UBI Ecosystem

  • Canada UBI TSP Benchmarking, 2022

  • UBI Automobile Insurance Provider Benchmarking, 2022

  • TD Insurance

  • Fields

  • Belairdirect

  • Travelers Insurance

  • Allstate

  • State Farm

  • Liberty Mutual

  • TSP Initiatives in the Canadian UBI Space, 2022

  • OEM Initiatives in the Canadian UBI Space

4. Growing Opportunity Environment

  • Growth Opportunity 1 – The Connected Car Market

  • Growth Opportunity 2 – TSPs Focus on Growing New Businesses Using UBI

  • Growth Opportunity 3 – Owner Vs Use

5. Alternatives

Listed Companies

  • Allstate

  • Belairdirect

  • Fields

  • Liberty Mutual

  • State Farm

  • TD Insurance

  • Travelers Insurance

For more information on this report visit

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