Pune, India -- (SBWIRE) -- 03/12/2019 -- The constant rise in the number of mobile subscribers and the growth in the number of customers buying an expensive mobile phone has led to the growth in the mobile insurance market. The mobile insurance covers protection from various risks including the risks from theft, malfunction and damage. Further, with the rising penetration of internet customers also purchasing the mobile phones through the internet. Due to which, various huge companies such as Google and Amazon have started providing mobile insurance during the purchase of the mobile, especially the smartphones. The growth is driven by the increasing reliance on smartphones and tablets for the business use. Furthermore, the growth is driven by the feeling of security among the customers that is accidental damage will be compensated if they have opted for the insurance policy. Another driving force behind the growth of the mobile insurance market is the security and flexibility allowed to the customers while opting for the plan.

QYReports has added a new analytical data to its massive repository titled as, Global Mobile Insurance Market. It highlights the leading key players operating in the global regions such as North America, Latin America, Europe, Asia-Pacific, and India. Different graphical presentation techniques such as charts, graphs, table, and pictures have been used while curating the report.

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Global competitors such as Blackberry Limited, American International Group, Asurion, Polaris Consulting & Services Ltd and others are highlighted to get a stronger and effective outlook of the competition at domestic as well as global regions. Primary and secondary research techniques have been used by analysts to examine the data accurately.

Top Eminent Players Covered: Blackberry Limited, American International Group, Asurion, Polaris Consulting & Services Ltd, DNB, Assurant, MicroEnsure, Euler Hermes, Atradius, Coface, Zurich, Credendo Group, QBE Insurance, Cesce, Pier Insurance Managed Services.

Segment Analysis

The global industry has been segmented on the basis of its products, regions, end users, technology, applications and cues for positioning, advertising & communication strategies. For a better understanding of the market, QYReports has also provided a detailed analysis of drivers, restraints, and opportunities that dominate the present market scenario and also provides the anticipation of the future status of this industry.

Market segmentation by product type:

- Physical Damage
- Theft & Loss
- mechanical damage
- data protection
- unauthorized call protection

QYReports emphasizes on the essentials of analyzing qualitative and quantitative aspects of the industry. While giving a brief idea about the revenue opportunities for all the segments, this report has also provided the impact of industry expertise to determine the scope of the study for all the segments over the predicted period.

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Report highlights:

- A detailed overview of the Global Mobile Insurance Market.
- Analysis of dynamic aspects of the market such as drivers, restraints, and opportunities
- It offers insights on the latest technologies and trends
- Major Key questions addressed by various stakeholders
- To study and analyze the global market size, market shares, and profit margin
- Competitive landscape of the global market

The study also indicates that the contents of insurance companies to monetize risks and work with appliance, automobile, and other equipment manufacturers to reduce actual risk which will boost the internet of things insurance market. Adoption of internet of things would create a movement towards usage-based insurance models and would likely decrease risk and reduce claim numbers.

Finally, researchers throw light on pinpoint analysis of global market dynamics such as Marketing Channel, Market Positioning, Pricing Strategy, Brand Strategy, Target Client. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter's five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.

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