Mobile Phone Insurance Market Scope And Analysis

Report Code : TIPTE100000940
Category : Banking, Financial Services, and Insurance

Status : Published
No. of Pages : 189

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Mobile Phone Insurance Market Scope and Analysis Report by 2028

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Mobile Phone Insurance Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 27.29 Billion
Market Size by 2028	US$ 53.16 Billion
Global CAGR (2021 - 2028)	10.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Coverage Physical Damage Electronic Damage Virus Protection Theft Protection By Sales Channel Mobile Operators Device OEMs Retailers By Phone Type New Phones and Refurbished Phones By End User Corporate and Personal
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	American International Group Inc Allianz SE Apple Inc AT T Inc Aviva insurance Limited Better Buy Insurance Gadget Cover Insurance2go Telef nica Limited

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the mobile phone insurance market. A few recent key market developments are listed below:

In October 2020, Bolttech announced its partnership with Samsung in Thailand. Through this partnership boltech provides mobile device repair services to owners of Samsung Galaxy smartphones and tablets through the Samsung Care+ programme.
In October 2021, Assurant announced the acquisition of HYLA Mobile, a leading provider of mobile device trade-in and reuse solutions. This acquisition is expected to enhance Assurant's position in the mobile phone insurance ecosystem market by providing a more comprehensive suite of solutions to customers. HYLA Mobile's expertise in device trade-in and refurbishment will allow Assurant to offer more sustainable and cost-effective solutions to customers, while also reducing waste and supporting the circular economy.
In March 2021, SquareTrade launched a new mobile phone insurance product that offers coverage for lost or stolen devices and the standard protection against accidental damage. The product, called "Lost and Stolen Protection," is available to both new and existing SquareTrade customers and provides up to $1,000 in coverage for lost or stolen devices. This move is aimed at addressing the growing concern among smartphone users about the risk of theft and loss and offers an additional layer of protection for customers.