BIS Research Publishes Nine Market Intelligence Reports for Automotive Industry during the First Quarter of 2021
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FREMONT, Calif., April 14, 2021 /PRNewswire/ BIS Research has recently published nine premium market intelligence research reports for the automotive/mobility industries. Each of these titles published covers a variety of segments such as automotive cameras, autonomous vehicle processors, refrigeration components for battery thermal management system (BTMS) and charging system for electric vehicles, ADAS and autonomous driving components, telematics insurance, automotive data monetization, thermal imaging market for mobility industry, solar panels for electric vehicles and chargers, and electric vehicle battery housing.
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Telematics insurance is an insurance program based on current driving behavior as opposed to historic achievement and is sometimes called black box insurance. Telematics Insurance is designed to match engine drivers with customized performance premiums. Some insurers are implementing black-box practices in order to establish an insurance policy for car owners for pay as you drive (PAYD) or pay how you drive (PHYD). In most cases, insurers quote drivers a fixed premium based on the number of miles permitted per year in a standard insurance policy.
The auto driver only pays for what they use in terms of miles traveled under a PAYD or PHYD policy. PAYD or PHYD are also referred to as usage-based insurance (UBI) because the insurer only charges the user for the number of miles driven as documented by the black box device or application. The rising demand for autonomous vehicles and the increasing false insurance