Mobile phone insurance offers financial protection against losses and damages caused to the cell phone of an insurer. It covers theft protection, internal component failure, physical damage, and data and virus protection. At present, there is an increase in the demand for mobile phone insurance services in the Asia Pacific region on account of the rising incidents of thefts and accidental damages.
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The leading market players are collaborating with mobile phone manufacturers to provide data protection, introduce recovery features and ensure technical support. This represents one of the key factors propelling the mobile phone insurance market growth. Besides this, rapid urbanization, inflating disposable incomes and the increasing sales of smartphones are driving the market further. Along with this, the availability of direct-to-consumer insurance assistance, multichannel interaction, and online transaction platforms are bolstering the growth of the market. Additionally, major companies in the region are utilizing data analytics to expand their consumer base. Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Asia Pacific Mobile Phone Insurance Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis of Phone Type, Coverage, Distribution Channel, End User and Region.
Breakup by Phone Type:
Breakup by Coverage:
Breakup by Distribution Channel:
Breakup by End User:
Breakup by Country:
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