Global Mobile Phone Insurance Market report from Global Insight Services is the single authoritative source of intelligence on Mobile Phone Insurance Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Mobile phone insurance is a type of insurance that covers the replacement or repair of a mobile phone in the event that it is lost, stolen, or damaged. The insurance may also cover the cost of any additional accessories that were purchased with the phone.
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Key Trends
The key trends in mobile phone insurance technology are as follows:
- Mobile phone insurance is becoming more and more popular, as the cost of replacing a lost or stolen phone can be quite high.
- Many people are now opting for insurance that covers both their phone and their data, as the loss of personal data can be even more costly than the loss of the phone itself.
- Insurance companies are starting to offer more comprehensive coverage, including protection against water damage and accidental damage.
Key Drivers
Technology: The mobile phone insurance market is driven by the rapid pace of technological change in the mobile phone industry. Every year, new models of mobile phones are released with ever-more sophisticated features. This means that consumers are increasingly likely to upgrade their phones on a regular basis and to insure their devices against loss, theft, or damage.
Economic factors: The global economic environment is also a key driver of the mobile phone insurance market. Rising incomes and increased consumer confidence mean that people are more likely to purchase expensive items such as mobile phones.
Market Segments
- By Phone Type
- Budget Phones
- Mid & High-End Phones
- Premium Smartphones
- By Sales Channel
- Retail
- Online
- By Coverage Type
- Physical Damage
- Internal Component Failure
- Theft & Loss Protection
- Others
- By Region
- North America
- The U.S.
- Canada
- North America
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Key Players
- Apple Inc.
- ASSURANT, INC.
- Asurion
- AT&T Intellectual Property
- Aviva
- bolttech
- Chubb
- Digital Care sp. z o.o.
- Servify,
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