Driven by the growing penetration of mid-range and high-end Smartphones, the mobile phone insurance industry is increasingly gaining momentum. As device vendors intensely compete by launching new and unique Smartphone models, insurance companies are heavily capitalizing on device specific insurance plans.
With global revenues of over $30 Billion in 2013, the industry is set to grow at a CAGR of 17 % over the next five years. By 2018, it is estimated that the industry would be worth $61 Billion.
The “Mobile Phone Insurance Revenue by Country & Region Database: 2013 – 2018” from SNS Research tracks historical revenues and yearly forecasts for the global mobile insurance industry at both country and regional levels.