The
increasing demands of luxurious household goods, consumer electronics, and
cars, insurance policies have become a necessity. Mobile phones, and specifically
Smartphones, are no exception to the trend. The global mobile phone insurance
revenues market is increasingly gaining momentum. This market is driven by the
increasing penetration of a variety of high-end yet reasonable Smartphone
models.
Moreover,
since the manufacturers intensely compete by launching unique & new
Smartphone models, insurance companies are greatly capitalizing on
device-specific insurance policies. With the overall revenue of over USD 8
billion in 2011, the market is expected to reach USD 48 billion by 2020,
growing at a compound annual growth rate (CAGR) of over 10 % during the
forecast period (2015–2020).
Most of
the major retailers, wireless carriers, insurance specialists, device OEMs etc.
are now offering insurance policies that cover loss, malfunctions, damage as
well as theft of mobile phones. Moreover, in order to increase the uptake of
mobile insurance, many mobile phone insurance policies now incorporate added
safety features, e. g. backup facilities or data recovery, along with improved
technical support allowing customers to safely back up their mobile phone data
online.
For
more information kindly visit: http://www.radiantinsights.com/research/mobile-phone-insurance-revenues-by-country-and-region-database-2009-2016
The
worldwide mobile device OEMs are now developing alliances with local insurance
regulators in order to enhance the sales prospects of their products sold
through their branded retail shops.
This
mobile phone insurance revenues market report covers some other aspects such as
market drivers, opportunities, challenges, future roadmap, value chain, case
studies, industry players & their strategies and so on.
Some of
the major market players of the mobile phone insurance revenues market are
Aviva, iQmetrix, Allianz Insurance, Carphone Warehouse, Safeware, CE European
Group, Assurant, SquareTrade, AmTrust International Underwriters, Supercover
Insurance, Brightstar Corporation (eSecuritel), Liberty Mutual Insurance Group,
Asurion, Geek Squad, Hollard Group, ProtectCELL, GoCare Warranty Group, New
India Assurance (NIA), Pier Insurance Managed Services, SPB, Protect Your
Bubble, NQ Mobile, Telefónica Insurance, Mobile Rhino (Stuckey & Company),
and so on.
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