Mobile Phone Insurance Ecosystem 2017 Global Market Size, Status, Analysis and Forecast to 2030

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New York, NY — (SBWIRE) — 10/13/2017 — 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.

The Researcher 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.

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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?

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.

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Table Of Contents – Major Key Points

Chapter 1: Introduction
Executive Summary
Topics Covered
Forecast Segmentation
Key Questions Answered
Key Findings
Target Audience
Companies & Organizations Mentioned

Chapter 2: An Overview of Mobile Phone Insurance
The Role of Insurance in Our Daily Lives
Why Have Mobile Phone Insurance?
What Risks Are Typically Covered?
Accidental, Malicious or Liquid Damage
Electrical or Mechanical Breakdown
Theft or Loss
Unauthorized Calls & Usage
Data Backup Facilities
Overseas Cover
Distribution & Sales Channels for Insurance Plans
Mobile Operator Branded
Device OEM Branded
Associated with Bank Accounts
Retailers & Other Direct-to-Consumer
Market Drivers
Growing Penetration of Smartphones
BYOD: Perfect Candidates for Insurance
Reducing Service Disruption
Proliferation of Large Screen Devices
Packaged Policies
Strong Support of Tier 1 Mobile Operators
Growth of Mobile Payments: Creating New Opportunities for Insurance
Market Barriers
Consumer Disbelief in Insurance
Unclear Terms & Conditions
Slow & Unfair Claims Handling
Time Limitation to Purchase Policy

Chapter 3: Value Chain & Future Roadmap
Value Chain
Mobile Operators
Mobile Device OEMs
Underwriters & Insurance Administrators
Future Roadmap: 2017 – 2030
2017 – 2020: Adoption of OEM Branded Plans & Premium Device Protection
2020 – 2025: Growing Proliferation in Developing Economies
2025 – 2030: Continued Growth with the Adoption of Connected Living Technologies

Chapter 4: Case Studies
Asurion: Replicating North American Success in Other Regional Markets
AT&T: Championing Flexible & Premium Mobile Protection Plans
Brightstar Corporation: Increasing Insurance Revenue for a Rural Carrier
HL Assurance: Differentiating Mobile Phone Insurance with Door-to-Door Repair Services
Microsoft & Samsung: Alliances with Local Insurance Regulators
MTN & Vodacom: Innovating Insurance Programs in Africa
NTT DoCoMo: Pioneering Mobile Phone Insurance in Japan
So-Sure: Introducing Social Insurance for Mobile Phones
Telefónica Insurance: A Mobile Operator Owned Insurance Company
Vodafone Group: Driving the Adoption of Carrier-Branded Mobile Phone Insurance Programs


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About the Author: Jim Kim

Jim has over six years experience as a teacher, ecologist, zoologist and botanist. He has a B.S. from Cornell University, and a Ph.D. in biology from Harvard University Graduate School. His professional expertise in environmental health empacts has been recognized since 1973, when he testified at a New York DEC public hearing in Utica on ground truthing aerial photo wetland mapping by wetland community type. He taught (HS) Physics, Geology, Oceanography, Chemistry and photography from 1970-1980 at Palfrey Street School, Watertown, MA. Aproject: National Cooperative Highway Research Program. Jim works as our health editor