9 million in EU and US, interestingly more in EUR than US
EU and North America have today reached 9 million insurance telematics policies, estimated market research firm Berg Insight. The number of insurance telematics policies in force on the European market reached 4.8 million in the last quarter of 2014. Growing at a compound annual growth rate (CAGR) of 42.4 percent, this number is expected to reach 28.1 million by 2019. In North America, the number of policies is expected to grow at a CAGR of 50.6 percent from 4.2 million in the last quarter of 2014 to reach 32.5 million in 2019.