Mobile Phone Insurance Market to 2025
No of Pages: 150 Published: Aug 2018 Single User PDF: US$ 4550
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Mobile Phone Insurance Market to 2025
Introduction
The mobile phone insurance market is US$ 16,962.7 Mn in 2017 and is estimated to reach US$ $ 43,448 Mn by 2025. The global mobile phone insurance market is experiencing an intense growth with regards to the innovations and up gradations of policies and schemes being carried out by the market players and procurement of insurance policies for future in the current scenario. The mobile phone insurance market for consists of some well-established players across the globe, which invest huge amounts in order to deliver the most enhanced insurance solutions to the customers. The mobile phone insurance market is concentrated with mobile network operators, device OEMs, retailers and others. These market participants enhance their schemes as per the requirements of the customers.
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Mobile Phone Insurance Market to 2025
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Mobile Phone Insurance Market to 2025 Companies Mentioned 1. BLACKBERRY LIMITED 2. AMERICAN INTERNATIONAL GROUP, INC., 3. ASSURANT, INC. 4. ASURION, LLC 5. PIER INSURANCE MANAGED SERVICES 6. VODAFONE GROUP PLC 7. BRIGHTSTAR CORP. 8. AT&T INC. 9. THREE IRELAND (HUTCHISON) LIMITED 10. TR?V, INC.
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Mobile Phone Insurance Market to 2025
The key trend which will predominantly affect the mobile phone insurance market in the coming year is increased convenience over the claiming procedures. The terms and conditions of the insurance market are sometimes very critical which pushes the customers to fail to recall the claiming procedures altogether. Various sellers offer set coverage and premium amount regardless of the smartphone or coverage required. On the contrary, several sellers have different premium amounts for different coverage needed by the customers. At times, the coverage, and the premium amount differs according to the device i.e. iOS managed phone or Android-based phones. This causes more uncertainty among the customers in the adoption of mobile insurance. This factor possesses a significant opportunity for the insurers to simplify their terms and conditions and cover maximum possible insurance policies under one premium amount.
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