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(Telematics Wire) Usage based insurance market to reach $125 billion by 2027

Keysight releases its C-V2X ADE solution
Keysight Technologies, Inc. announced its Keysight C-V2X Autonomous Drive Emulation (ADE) solution, which enables functional, protocol and radio frequency (RF) measurements on 3GPP Release14 C-V2X devices from the Keysight UXM 5G Wireless Test platform.



Japan: Toyota along with partners to build hydrogen-based city of future
Fukushima Prefecture and Toyota Motor Corporation announced that they have commenced discussions with various partners over building a city for a new future that makes use of hydrogen and technologies produced in Fukushima Prefecture.



Aviva to study Darwin autonomous vehicle trial
Insurance company, Aviva plc and research and development company, Darwin Innovation Group are entering a five-year strategic partnership, beginning with collaboration on an autonomous vehicle trial.



Usage based insurance market to reach $125 billion by 2027
Global Market Insights Inc. has recently added a new report on the usage-based insurance market which estimates the market valuation for UBI will cross USD 125 billion by 2027. Growing adoption of in-vehicle connected insurance solutions for reducing unanticipated claims and promoting safe driving practices is driving industry growth.



India: Rajasthan govt makes vehicle tracking mandatory for ambulances
The Rajasthan government on Friday issued an order making it mandatory for all ambulances to have a vehicle tracking system or GPS device installed.



Frost & Sullivan releases its report on global automotive aftermarket
The rapid adoption of digitization to mitigate the adverse impact of COVID-19 on the global automotive aftermarket has fueled investments in this space. Although the aftermarket demand for replacement parts and accessories declined 8.8% in 2020, online sales are rising as the global market recovers.