Dublin, Sept. 22, 2017 (GLOBE NEWSWIRE) -- The "The Mobile Phone Insurance Ecosystem: 2017 - 2030: Opportunities, Challenges, Strategies & Forecasts" report from SNS Research has been added to Research and Markets' offering.
The "Mobile Phone Insurance Ecosystem: 2017 - 2030 - Opportunities, Challenges, Strategies & Forecasts" report presents an in-depth assessment of the mobile phone insurance ecosystem including market drivers, challenges, opportunities, value chain, future roadmap, case studies, ecosystem player profiles and strategies. The report also presents market size forecasts from 2017 through to 2030. The forecasts are segmented for 3 sales channels, 5 regions and 25 countries.
It's estimated that the global mobile phone insurance market is expected to account for $20.5 Billion in revenue by the end of 2017. The market is further expected to grow at a CAGR of approximately 10% over the next three years, eventually accounting for more than $27 Billion in revenue by the end of 2020.
Given the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Mobile phones, and smartphones in particular are no exception to this trend. Most major mobile operators, insurance specialists, device OEMs, retailers and even banks now offer insurance plans that cover theft, loss, malfunctions and damage of mobile phones. Many policies now also integrate enhanced technical support and additional protection features such as data backup facilities, allowing users to securely backup their phone data online.
Key Findings:
- It's estimated that the global mobile phone insurance market is expected to account for $20.5 Billion in revenue by the end of 2017. The market is further expected to grow at a CAGR of approximately 10% over the next three years, eventually accounting for more than $27 Billion in revenue by the end of 2020.
- In an effort to boost the uptake of their mobile phone insurance plans, mobile operators and insurance providers have extensively enhanced their offerings with a number of differentiating features such as multi-device coverage, integrated device security apps, prioritized technical support, door-to-door repair services and secure data storage for photos and videos.
- To accelerate the adoption of mobile phone insurance in developing markets, mobile operators are experimenting with an array of strategies ranging from complimentary insurance schemes to bundling insurance with inexpensively priced mobile security offerings.
- Many smartphone OEMs - including Apple, Samsung, HTC, Acer, Motorola Mobility and Xiaomi - already offer their own branded protection plans across multiple countries, and others are expected to follow suit. By the end of 2020, OEM branded plans will account for a market worth nearly $4.5 Billion.
Topics Covered:
- Mobile phone insurance ecosystem
- Market drivers and barriers
- Insurance policy structure, distribution channels and key trends
- Case studies of mobile phone insurance initiatives
- Industry roadmap and value chain
- Profiles and strategies of over 80 leading ecosystem players
- Strategic recommendations for ecosystem players
- Market analysis and forecasts from 2017 till 2030
Key Topics Covered:
1: Introduction 2: An Overview of Mobile Phone Insurance 2.1 The Role of Insurance in Our Daily Lives 2.2 Why Have Mobile Phone Insurance? 2.3 What Risks Are Typically Covered? 2.3.1 Accidental, Malicious or Liquid Damage 2.3.2 Electrical or Mechanical Breakdown 2.3.3 Theft or Loss 2.3.4 Unauthorized Calls & Usage 2.3.5 Data Backup Facilities 2.3.6 Overseas Cover 2.3.7 Accessories 2.3.8 Others 2.4 Distribution & Sales Channels for Insurance Plans 2.4.1 Mobile Operator Branded 2.4.2 Device OEM Branded 2.4.3 Associated with Bank Accounts 2.4.4 Retailers & Other Direct-to-Consumer 2.5 Market Driver 2.5.1 Growing Penetration of Smartphones 2.5.2 BYOD: Perfect Candidates for Insurance 2.5.3 Reducing Service Disruption 2.5.4 Proliferation of Large Screen Devices 2.5.5 Packaged Policie 2.5.6 Strong Support of Tier 1 Mobile Operators 2.5.7 Growth of Mobile Payments: Creating New Opportunities for Insurance 2.6 Market Barriers 2.6.1 Consumer Disbelief in Insurance 2.6.2 Unclear Terms & Conditions 2.6.3 Fraud 2.6.4 Slow & Unfair Claims Handling 2.6.5 Time Limitation to Purchase Policy 3: Value Chain & Future Roadmap 3.1 Value Chain 3.1.1 Mobile Operators 3.1.2 Mobile Device OEMs 3.1.3 Banks 3.1.4 Retailers 3.1.5 Underwriters & Insurance Administrators 3.2 Future Roadmap: 2017 - 2030 3.2.1 2017 - 2020: Adoption of OEM Branded Plans & Premium Device Protection 3.2.2 2020 - 2025: Growing Proliferation in Developing Economies 3.2.3 2025 - 2030: Continued Growth with the Adoption of Connected Living Technologies 4: Case Studies 4.1 Asurion: Replicating North American Success in Other Regional Markets 4.2 AT&T: Championing Flexible & Premium Mobile Protection Plans 4.3 Brightstar Corporation: Increasing Insurance Revenue for a Rural Carrier 4.4 HL Assurance: Differentiating Mobile Phone Insurance with Door-to-Door Repair Services 4.5 Microsoft & Samsung: Alliances with Local Insurance Regulators 4.6 MTN & Vodacom: Innovating Insurance Programs in Africa 4.7 NTT DoCoMo: Pioneering Mobile Phone Insurance in Japan 4.8 So-Sure: Introducing Social Insurance for Mobile Phones 4.9 Telefnica Insurance: A Mobile Operator Owned Insurance Company 4.10 Vodafone Group: Driving the Adoption of Carrier-Branded Mobile Phone Insurance Programs 5: Key Market Players 5.1 Acer 5.2 AIG (American International Group) 5.3 Allianz Insurance 5.4 Allstate Corporation (SquareTrade) 5.5 AmTrust Financial Services 5.6 Aon 5.7 Apple 5.8 Assurant 5.9 Asurion 5.10 ASUS (ASUSTeK Computer) 5.11 AT&T 5.12 Avast Software 5.13 Aviva 5.14 AXA 5.15 BBVA Seguros 5.16 BlackBerry 5.17 BNP Paribas Cardi 5.18 Bouygues Telecom 5.19 Brightstar Corporation 5.20 Cellebrite (Mobilogy) 5.21 Chubb 5.22 CNA Financial Corporation 5.23 Conecta Servios 5.24 Dixons Carphone 5.25 DT (Deutsche Telekom) 5.26 EE 5.27 Grupo MOK (MultiServicios OK) 5.28 HL Assurance 5.29 Hollard Group 5.30 HTC Corporation 5.31 IAG (Insurance Australia Group) 5.32 IC Frith 5.33 Ingram Micro 5.34 Inhance Technology 5.35 iQmetrix 5.36 Ita Unibanco 5.37 Kaspersky Lab 5.38 KB Insurance 5.39 Lenovo 5.40 LG Electronics 5.41 Liberty Mutual Insurance Group 5.42 Lookout 5.43 McAfee 5.44 Microsoft Corporation 5.45 Mobile Rhino (Stuckey & Company) 5.46 MPI Generali 5.47 NIA (New India Assurance) 5.48 NQ Mobile 5.49 NTT DoCoMo 5.50 Orange 5.51 Pacfico Seguros 5.52 Pier Insurance Managed Services 5.53 Pitzi 5.54 Protecsure 5.55 ProtectCELL (Fortegra Financial Corporation) 5.56 Rakuten 5.57 Risk Insure 5.58 Safeware 5.59 Samsung Electronics 5.60 SFR 5.61 Simplesurance 5.62 Singtel 5.63 SoftBank Corporation 5.64 Sony Mobile Communications 5.65 So-Sure 5.66 SPB 5.67 Sprint Corporation 5.68 Supercover Insurance 5.69 SURE 5.70 Symantec Corporation 5.71 Telefnica Insurance 5.72 Telstra 5.73 The Warranty Group 5.74 Trend Micro 5.75 Verizon Communications 5.76 V-Key Solutions 5.77 Vodafone Group 5.78 Worth Avenue Group 5.79 Xiaomi 5.80 Zimperium 5.81 Zurich Insurance Group 6: Market Analysis & Forecasts 6.1 Global Outlook of Mobile Phone Insurance 6.2 Sales Channel Segmentation 6.2.1 Mobile Operators 6.2.2 Device OEMs 6.2.3 Retailers & Others 6.3 Regional Segmentation 7: Conclusion & Strategic Recommendations 7.1 Why is the Market Poised to Grow? 7.2 Product Classification: Insurance vs. Protection 7.3 How Does Insurance Impact Mobile Operators? 7.4 Are Carrier Branded Plans Better Than Other Plans? 7.5 Are Contract Mobile Customers More Likely to Adopt Insurance? 7.6 How is Revenue Distributed by Sales Channels? 7.7 How Does the Brand of the Mobile Device Relate to the Consumer Adoption of Insurance? 7.8 Key Trends Regarding Consumers' Purchase of Mobile Device Insurance 7.9 Need for a Wider Range of Cover Options 7.10 What is the Average Price of Mobile Phone Insurance Plans? 7.11 How is Insurance Affecting Mobile Phone Designs? 7.12 Product Design & Governance: Key to Success 7.13 Mobile Operator Owned Insurance Groups: The Answer for Coordinated Insurance Offerings 7.14 Integrated Solutions to Drive the Market 7.15 Which Region Will Lead the Market? 7.16 Strategic Recommendations 7.16.1 Recommendations for Mobile Operators 7.16.2 Recommendations for Mobile Device OEMs 7.16.3 Recommendations for Retailers & Banks 7.16.4 Recommendations for Underwriters & Insurance Administrators
For more information about this report visit https://www.researchandmarkets.com/research/r...bile_phone Source: SNS Research
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