Global Mobile Phone Insurance Market is valued approximately at USD XX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2026. Due to COvid-19 pandemic, there has been seen inefficiencies and gaps with respect to technology, systems, products, and processes in the insurance industry. The insurance industry is facing challenges due to temporary locked down and people asked to stay at home. Mobile insurance is the protection provided to individual’s mobile phone from the financial loss The increase in the smartphone users, rising disposable income and increasing technological advancements are the few factors responsible for growth of the market over the forecast period. For instance: Around 66% of individuals were using smartphone in 2018, an increase from 63% in 2017 and 58% in 2016, globally, as per Zenith’s Mobile Advertising Forecasts 2017. Furthermore, introduction of innovative products and other strategic alliance by various market player will create a lucrative demand for this market. For instance, as per company’s news release in November 2019, Bajaj Alliance launched Farmitra App, to cater the needs of farmers. This app will provide insurance solutions and information and advisories which will cater day to day needs of farmers. However, provision of direct-to-consumer insurance assistance is the major factor opportunistic the growth of global Mobile Phone Insurance market during the forecast period.

The regional analysis of global Mobile Phone Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of a large number of mobile phone insurance providers and the rising incidences of crimes committed using smartphones in Canada & the U.S. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
Amtrust International
Apple Inc.
Assurant Inc.
Brightstar Corp
Geek squad
Gocare Warranty Group
AT&T Inc.
Revolut Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Phone Type:
New Phone
Refurbished Phone

By Channel:
Mobile Operator
Device OEM (Original Equipment Manufacturer)

By Protection Plan:
Physical Damage
Electrical Damage
Virus Protection
Theft Protection
Water Damage
Cracked Screen

By End-User:
Corporate Users
Personal Users

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Mobile Phone Insurance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers