As per a report by TechSci Research titled "Global Usage-Based Insurance Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the market reached USD 25.21 billion in 2022 and is expected to register a 26.32% Compound Annual Growth Rate (CAGR) from 2024 to 2028.
This insurance model employs telematics technology to monitor and evaluate the real-time...
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