Mobile Phone Insurance Market Report 2022: Simplifying Terms & Conditions Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Mobile Phone Insurance Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Coverage, Sales Channel, Phone Type and End User” has been added to ResearchAndMarkets.com’s The offer of

The mobile phone insurance market is expected to grow from $27,291.83 million in 2021 to $53,161.84 million by 2028; is estimated to grow at a CAGR of 10.4% from 2021 to 2028.

The US and European markets account for a large share of the mobile phone insurance market with high smartphone penetration, developing countries are still in a developing stage. However, the trend of smartphone penetration may vary from region to region, according to the will of customers and mobile phone penetration.

GSM Arena estimated the growth of the mobile phone market for used and refurbished phones at a rate of 15% from 2020 to 2021. Such scenarios are likely to bring new perspectives to the mobile insurance market from this segment of mobile phones.

The increase in data and virus protection is driving the growth of the mobile phone insurance market, as mobile users are looking for these coverage plans among physical insurance plans. This opens up new growth opportunities for bundled protection plans, providing comprehensive protection for mobile phones in the mobile phone insurance market.

The businesses of mobile phone insurance service providers have grown to become very volatile due to the increasing volume of mobile device trading. Participants in the mobile phone insurance market landscape manage or own different aspects of the value chain, which enables them to design insurance products and services in such a way that they fit the specific end-user requirements.

The terms and conditions of the mobile phone insurance market are often critical, which prompts customers to not fully remember the claim procedures. Some vendors offer a defined coverage plan with a fixed premium amount, regardless of the type of smartphone. Rather, other vendors have different premiums/amounts to be paid for different coverages required by customers.

Sometimes, coverage and premium/amount varies across devices, ie iOS or Android based phones, which increases uncertainty among customers about getting mobile phone insurance. Therefore, insurers are focusing on simplifying their terms and conditions and covering the maximum possible insurance policies under a premium amount.

These initiatives by insurance vendors or insurers are expected to help customers clearly understand the terms and conditions and claim procedures in the near future. The growing focus on simplifying claim procedures is expected to drive the uptake of mobile phone insurance plans by customers in developed countries and emerging economies in the coming years.

Main topics covered:

1. Introduction

2. Main Agreement

3. Research Methodology

4. Mobile phone insurance market landscape

4.1 Market overview

4.2 PEST analysis

5. Mobile Phone Insurance Market – Key Market Dynamics

5.1 Market leaders

5.1.1 Increasing uptake of high quality smartphones

5.1.2 Increased cases of accidental damage, phone theft and device failure

5.2 Market Restrictions

5.2.1 Increase in instances of fraudulent policies and claims

5.3 Market Opportunities

5.3.1 Network operators to create a profitable market in Europe

5.4 Future trends

5.4.1 Simplification of the insurance claim procedure

5.5 Analysis of the impact of drivers and constraints

6. Mobile Phone Insurance Market – Global Market Analysis

6.1 Global Mobile Phone Insurance Market Overview

6.2 Mobile Phone Insurance Market Forecast and Analysis

6.3 Market positioning – The five main players

7. Mobile Phone Insurance Market Analysis – By Coverage

7.1 Overview

7.2 Mobile phone insurance market, by coverage (2021 and 2028)

7.3 Physical Damage

7.4 Electronic Damage

7.5 Virus Protection

7.6 Theft Protection

8. Mobile Phone Insurance Market – By Sales Channel

8.1 Overview

8.2 Mobile Phone Insurance Market, by Sales Channel (2021 and 2028)

8.3 Mobile Operators

8.4 Equipment OEM

8.5 Retailers

8.6 Other

9. Mobile Phone Insurance Market – By Phone Type

9.1 Overview

9.2 Mobile Phone Insurance Market, by Phone Type (2021 and 2028)

9.3 New Phone

9.3.1 Overview

9.3.2 New Phone: Mobile Phone Insurance Market – Revenue and Forecast to 2028 (USD Million)

9.4 Renewed

9.4.1 Overview

9.4.2 Renewed: Mobile Phone Insurance Market – Revenue and Forecast to 2028 (USD Million)

10. Mobile Phone Insurance Market – By End User

10.1 Overview

10.2 Mobile Phone Insurance Market, by End User (2021 and 2028)

10.3 Corporation

10.3.1 Overview

10.3.2 Corporation: Mobile Phone Insurance Market – Revenue and Forecast to 2028 (USD Million)

10.4 Personal

10.4.1 Overview

10.4.2 Personal: Mobile Phone Insurance Market – Revenue and Forecast to 2028 (USD Million)

11. Mobile Phone Insurance Market – Geographical Analysis

12. Mobile phone insurance market – Analysis of the impact of COVID-19

13. Mobile Phone Insurance Market-Industry Landscape

13.1 Overview

13.2 Market Initiative

The companies mentioned

  • American International Group, Inc.

  • Allianz SE

  • Apple Inc.

  • AT&T Inc.

  • Aviva insurance Limited

  • Better buy insurance

  • Tool cover

  • Insurance2go

  • Telefonica Limited

  • Pier Insurance Managed Services Ltd.

  • AQILO Business Consulting Gmb

For more information about this report, visit https://www.researchandmarkets.com/r/1qpkiy

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