The Mobile Phone Insurance Ecosystem: 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts

Release Date: September 2017

Number of Pages: 163

Number of Tables and Figures: 52

Synopsis: 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.

SNS Research estimates 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.

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.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Sample Request:

For a sample of the report or any further inquiries please contact info@snstelecom.com

Pricing:

The report is available for the following price:

  • Single User License: USD 2,500
  • Company Wide License: USD 3,500

Key Findings:

The report has the following key findings:

  • SNS Research estimates 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:

The report covers the following topics:

  • 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

Forecast Segmentation:

Market forecasts are provided for each of the following submarkets and their categories:

  • Sales Channel Segmentation
    • Mobile Operators
    • Device OEMs
    • Retailers & Others
  • Regional Segmentation
    • Asia Pacific
    • Europe
    • Latin & Central America
    • Middle East & Africa
    • North America
  • Country Level Segmentation
    • Argentina, Australia, Brazil, Canada, China, Colombia, France, Germany, Hong Kong, India, Israel, Italy, Japan, Mexico, Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Taiwan, UK & USA

Key Questions Answered:

The report provides answers to the following key questions:

  • How big is the mobile phone insurance opportunity?
  • What trends, challenges and barriers are influencing its growth?
  • How is the ecosystem evolving by region?
  • What will the market size be in 2020 and at what rate will it grow?
  • Which countries will see the highest percentage of growth?
  • Who are the key market players and what are their strategies?
  • What risks are typically covered in mobile phone insurance offerings?
  • How can insurance plans help mobile operators in reducing churn?
  • What strategies should mobile operators, device OEMs and insurance providers adopt to remain competitive?

List of Companies Mentioned:

The following companies and organizations have been reviewed, discussed or mentioned in the report:

A Wireless

Acer

AIG (American International Group)

Allianz Insurance

Allianz SE Group

Allstate Corporation

América Móvil

AmTrust Financial Services

AmTrust International Underwriters

AmTrust Mobile Solutions

Aon

Appalachian Wireless

Apple

Assurant

Asurion

ASUS (ASUSTeK Computer)

AT&T

Avast Software

AVG Technologies

Aviva

AXA

Barclays

BBVA Seguros

Best Buy

BlackBerry

BNP Paribas

BNP Paribas Cardif

Bouygues Telecom

Brightstar Corporation

BT Group

Cellebrite

CGU Insurance

Chubb

Claro

CNA Financial Corporation

Conecta Serviços

CWS (Connected World Services)

Diamond Wireless

Dixons Carphone

DT (Deutsche Telekom)

EE

Endsleigh Insurance Services

eSecuritel

Fonesure

Fortegra Financial Corporation

Freedom Mobile

Garantec

Geek Squad

Groupama Banque

Grupo MOK (MultiServicios OK)

HL Assurance

Hollard Group

Hong Leong Group

HSBC

HTC Corporation

IAG (Insurance Australia Group)

IC Frith

Ingram Micro

Inhance Technology

iQmetrix

Itaú Unibanco

Kaspersky Lab

KB Financial Group

KB Insurance

KPN

Lenovo

Liberty Mutual Insurance Group

Lifestyle Services Group

Lookout

M1

Markerstudy

McAfee

Microsoft Corporation

Mobi PCS

Mobile Rhino (Stuckey & Company)

Mobilogy

Motorola Mobility

MPI Generali

MTN

Munich Re

NIA (New India Assurance)

Nippon Life Insurance

Nokia

NQ Mobile

NTT DoCoMo

Optus

Orange

Pacífico Seguros

Pier Insurance Managed Services

Pitzi

Protecsure

ProtectCELL

Rakuten

Risk Insure

Safeware

Salt Mobile

Samsung Electronics

SFR

Simplesurance

Singtel

SoftBank Corporation

Sony Mobile Communications

So-Sure

Spark New Zealand

SPB

Sprint Corporation

SquareTrade

StarHub

Sun Corporation

Supercover Insurance

SURE

Swisscom

Symantec Corporation

Telcel

Telefónica Group

Telefónica Insurance

Telstra

Telus

The Warranty Group

Three Ireland (Hutchison)

T-Mobile USA

Tokio Marine

Trend Micro

Verizon Communications

V-Key Solutions

Vodafone Group

Warrantech

Worth Avenue Group

Zimperium

Zurich Insurance Group