Share this PR

Press Contact



Research Nester

1820 Avenue M, Suite# 1113, Brooklyn, New York 11230 Phone : +1 646 586 9123


Contact Email

Social Media

Asia-Pacific Mobile Insurance Market (2016-2023) - Research Nester

PressReleasePing - May 10, 2017 -With the increasing prevalence of expensive household goods, cars and consumer electronics, insurance has become an unavoidable and often necessary cost in modern life. Most insurance specialists 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. Mobile phones and smartphones in particular are also included in this. Asia Pacific mobile insurance market has grown at a rapid pace over the past few years and is anticipated to expand at a robust CAGR throughout the forecast period. Market Size and Forecast With such a significant growth, Asia Pacific region will be the largest region for the mobile phone insurance market in near future. India, China, Japan & Singapore are being potential regions for this market due to a continuous increase in personal disposable income in the Asia-Pacific region. Market Segmentation Our in depth analysis of the Asia Pacific insurance market is segmented on the following basis: By Risk Covered: • Accidental Damage • Physical/Liquid Damage • Theft • Damage due to fire • Theft protection • Unfortunate Accident • Unauthorized calls • Stolen By Region • India • China • Japan • Singapore • South Korea • Australia • New Zealand • Rest of Asia Pacific Growth Drivers and Challenges The growth of Asia-Pacific mobile insurance market will be driven by the social media websites which will provide the effective platform to broaden the communication and marketing channels that are needed for launching new products and services. As a result, insurance providers will develop and deploy effective social media strategies in order to collect customer feedback, resolve queries in real-time, and provide product updates. Further, as the number of the consumers purchasing the insurance is increasing, Asia Pacific will present significant opportunities to the insurers resulting in the growth of the Asia Pacific mobile insurance market. Moreover, the market has also expanded due to the increase in the number of the mobile phones being purchased by the consumers and subsequently the rate at which they are purchased with warranties or extended warranties. Since Asia- Pacific is a region consists of the different countries, the rate of economic development and insurance penetration vary on a market to market basis. Mature markets, for example are more saturated which act as a restraint to the mobile insurance market. Key players • HL Assurance o Company Overview o Key Product Offerings o Business Strategy o SWOT Analysis o Financials • SoftBank • NTT DoCoMo • Syska Gadget Secure • AppsDaily • SyncNScan • New India Insurance • Vodafone Australia • Optus • Virgin Mobile Australia Scope and Context Overview of the Parent Market Analyst View Segmentation The Asia Pacific insurance market is segmented as follows: By Region • India • China • Japan • Singapore • South Korea • Australia • New Zealand • Rest of Asia Pacific Market Dynamics Supply and Demand Risk Competitive Landscape Porter’s Five Force Model Geographical Economic Activity Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio Recent Trends and Developments Industry Growth Drivers and Challenges Key Information for Players to establish themselves in current dynamic environment To know more about this research, kindly visit: For Table of Content & Free Sample Report Contact: Ajay Daniel Email: U.S. +1 646 586 9123 U.K. +44 203 608 5919 Follow Us on LinkedIn: Follow us on Twitter: Like us on Facebook:

Creative Commons License

This press release is licensed under a Creative Commons Attribution 3.0 Unported License.