Abstract
The research service analyses the concept of telematics based insurance for
the passenger car market in Europe. The study includes recent trends, market
drivers, restraints and challenges. market Size Analysis deals with unit size
and forecast from 2007 to 2015 of systems installed in cars for
Pay-As-You-Drive (PAYD) type product. Pricing Analysis compares the
conventional insurance model and a typical PAYD model. Competitive Scenario
Analysis deals with key competitors in the PAYD business. The study also
discusses about PAYD service from various insurance companies.The final
segment draws the key conclusions and offers important recommendations to
insurance companies operating in Europe.
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