Philippines Usage-Based Insurance Market (2025-2031) Outlook | Share, Industry, Size, Growth, Revenue, Forecast, Value, Analysis, Trends & Companies

Name: Philippines Usage-Based Insurance Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Package (PAYD, PHYD, MHYD), By Technology (OBD-II, Black box, Smartphone, Embedded), By Vehicle Age (New, Old) And Competitive Landscape

Product Code: ETC4569150	Publication Date: Jul 2023	Updated Date: Aug 2025	Product Type: Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 85	No. of Figures: 45	No. of Tables: 25

Philippines Usage-Based Insurance Market Overview

The Philippines Usage-Based Insurance market is witnessing significant interest as insurers embrace data-driven approaches to offer more personalized coverage to customers. Usage-based insurance (UBI) relies on telematics and sensor data to assess individ

Drivers of the Markets

The Philippines Usage-Based Insurance (UBI) market is primarily driven by the desire for more personalized and affordable insurance policies, as well as the advancement of telematics technology. UBI leverages data from connected vehicles to determine insu

Challenges of the Markets

The Usage-Based Insurance market in the Philippines encounters challenges in consumer adoption and data privacy. Many consumers are hesitant to adopt usage-based insurance models due to concerns about their driving behavior being monitored. The regulatory

COVID-19 Impact on the Market

Usage-based insurance, which relies on data from telematics and sensors, could have seen increased adoption during the pandemic as people drove less. Insurance companies might have offered more flexible plans, and customers may have become more receptive

Key Players of the market

In the Philippines Usage-Based Insurance market, companies like Progressive and Allstate have been pivotal. They offer innovative insurance products that use telematics and IoT devices to track driving behavior and offer personalized insurance premiums ba

Key Highlights of the Report:

Philippines Usage-Based Insurance Market Outlook
Market Size of Philippines Usage-Based Insurance Market, 2024
Forecast of Philippines Usage-Based Insurance Market, 2031
Historical Data and Forecast of Philippines Usage-Based Insurance Revenues & Volume for the Period 2021-2031
Philippines Usage-Based Insurance Market Trend Evolution
Philippines Usage-Based Insurance Market Drivers and Challenges
Philippines Usage-Based Insurance Price Trends
Philippines Usage-Based Insurance Porter's Five Forces
Philippines Usage-Based Insurance Industry Life Cycle
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Package for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By PAYD for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By PHYD for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By MHYD for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Technology for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By OBD-II for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Black box for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Smartphone for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Embedded for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Vehicle Age for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By New for the Period 2021-2031
Historical Data and Forecast of Philippines Usage-Based Insurance Market Revenues & Volume By Old for the Period 2021-2031
Philippines Usage-Based Insurance Import Export Trade Statistics
Market Opportunity Assessment By Package
Market Opportunity Assessment By Technology
Market Opportunity Assessment By Vehicle Age
Philippines Usage-Based Insurance Top Companies Market Share
Philippines Usage-Based Insurance Competitive Benchmarking By Technical and Operational Parameters
Philippines Usage-Based Insurance Company Profiles
Philippines Usage-Based Insurance Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Philippines Usage-Based Insurance Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Usage-Based Insurance Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Usage-Based Insurance Market - Industry Life Cycle

3.4 Philippines Usage-Based Insurance Market - Porter's Five Forces

3.5 Philippines Usage-Based Insurance Market Revenues & Volume Share, By Package, 2021 & 2031F

3.6 Philippines Usage-Based Insurance Market Revenues & Volume Share, By Technology, 2021 & 2031F

3.7 Philippines Usage-Based Insurance Market Revenues & Volume Share, By Vehicle Age, 2021 & 2031F

4 Philippines Usage-Based Insurance Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing awareness about the benefits of usage-based insurance in the Philippines

4.2.2 Growing adoption of telematics technology in vehicles

4.2.3 Government support and regulations promoting usage-based insurance

4.3 Market Restraints

4.3.1 Concerns about data privacy and security among consumers

4.3.2 Limited availability and affordability of telematics devices

4.3.3 Resistance from traditional insurance companies to shift towards usage-based insurance models

5 Philippines Usage-Based Insurance Market Trends

6 Philippines Usage-Based Insurance Market, By Types

6.1 Philippines Usage-Based Insurance Market, By Package

6.1.1 Overview and Analysis

6.1.2 Philippines Usage-Based Insurance Market Revenues & Volume, By Package, 2021-2031F

6.1.3 Philippines Usage-Based Insurance Market Revenues & Volume, By PAYD, 2021-2031F

6.1.4 Philippines Usage-Based Insurance Market Revenues & Volume, By PHYD, 2021-2031F

6.1.5 Philippines Usage-Based Insurance Market Revenues & Volume, By MHYD, 2021-2031F

6.2 Philippines Usage-Based Insurance Market, By Technology

6.2.1 Overview and Analysis

6.2.2 Philippines Usage-Based Insurance Market Revenues & Volume, By OBD-II, 2021-2031F

6.2.3 Philippines Usage-Based Insurance Market Revenues & Volume, By Black box, 2021-2031F

6.2.4 Philippines Usage-Based Insurance Market Revenues & Volume, By Smartphone, 2021-2031F

6.2.5 Philippines Usage-Based Insurance Market Revenues & Volume, By Embedded, 2021-2031F

6.3 Philippines Usage-Based Insurance Market, By Vehicle Age

6.3.1 Overview and Analysis

6.3.2 Philippines Usage-Based Insurance Market Revenues & Volume, By New, 2021-2031F

6.3.3 Philippines Usage-Based Insurance Market Revenues & Volume, By Old, 2021-2031F

7 Philippines Usage-Based Insurance Market Import-Export Trade Statistics

7.1 Philippines Usage-Based Insurance Market Export to Major Countries

7.2 Philippines Usage-Based Insurance Market Imports from Major Countries

8 Philippines Usage-Based Insurance Market Key Performance Indicators

8.1 Average number of new telematics policies issued per month

8.2 Percentage increase in customer engagement with usage-based insurance apps

8.3 Rate of growth in partnerships between insurance companies and telematics service providers

9 Philippines Usage-Based Insurance Market - Opportunity Assessment

9.1 Philippines Usage-Based Insurance Market Opportunity Assessment, By Package, 2021 & 2031F

9.2 Philippines Usage-Based Insurance Market Opportunity Assessment, By Technology, 2021 & 2031F

9.3 Philippines Usage-Based Insurance Market Opportunity Assessment, By Vehicle Age, 2021 & 2031F

10 Philippines Usage-Based Insurance Market - Competitive Landscape

10.1 Philippines Usage-Based Insurance Market Revenue Share, By Companies, 2024

10.2 Philippines Usage-Based Insurance Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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