UK $ 2.14 billion in mobile phone insurance market (2022-2027): Market leaders include AIG, Aviva, Brightstar and Insurance2go

UK $ 2.14 billion in mobile phone insurance market (2022-2027): Market leaders include AIG, Aviva, Brightstar and Insurance2go


Dublin, 27 May 2022 (GLOBE NEWSWIRE) – “UK mobile phone insurance market (2022-2027) by phone type, distribution channel, coverage, end-user, competition analysis and Covid-19 impact with Ansoff analysis” report added to ResearchAndMarkets.com offer.

The UK mobile phone insurance market is estimated at $ 2.14 billion in 2022 and is expected to reach $ 3.63 billion by 2027, with a CAGR of 11.12%.

Market dynamics

Market dynamics are forces that influence the prices and behavior of participants in the UK mobile insurance market. These forces generate price signals that result from changes in the supply and demand curves of a given product or service. The forces of market dynamics may be related to macroeconomic and microeconomic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market, and generate price signals.

Because market dynamics affect supply and demand curves, decision makers are trying to determine the best way to use different financial instruments to stop different strategies to accelerate growth and reduce risk.

Market segmentation

  • The UK mobile phone insurance market is divided by phone type, distribution channel, coverage and end user.
  • The type of phone market is divided into cheap phones, mid and high class phones and premium smartphones.
  • Distribution channel, the market is divided into Offline and Online.
  • Coverage market is classified for physical damage, failure of internal components, protection against theft and loss and more
  • End user market is divided into business and individual.

Company profiles

The report provides a detailed analysis of competitors in the market. It includes an analysis of the financial performance of publicly traded companies in the market. The report also provides detailed information on recent company developments and competitive scenarios.

The mentioned companies

  • Post
  • Insurance2go
  • AIG
  • Allianz insurance company
  • Apple
  • Assurant
  • Asurion
  • AT&T
  • Aviva
  • Better purchase of insurance
  • Blackberry Limited
  • Bright star

Competitive quadrant

The report includes the Competitive Quadrant, a patented tool for analyzing and evaluating companies’ positions based on their industry position score and market performance score. The tool uses various factors to categorize players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation scores, new product launches, investments, market share growth, etc.

Ansoff’s analysis

The report presents a detailed analysis of the Ansoff matrix for the mobile insurance market in the United Kingdom. Ansoff Matrix, also known as the Product / Market Expansion Grid, is a strategic tool used to design strategies for the company’s growth. The matrix can be used to evaluate approaches in four strategies, see. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risks associated with each approach.

The analyst analyzes the UK mobile insurance market using the Ansoff matrix to provide the best approaches the company can take to improve its market position.

Based on a SWOT analysis performed on industry and industrial players, the analyst proposed appropriate strategies for market growth.

Why buy this message?

  • The report offers a comprehensive assessment of the mobile phone insurance market in the United Kingdom. The report contains in-depth qualitative analysis, verifiable data from authentic sources and market size projections. Projections are calculated using proven research methodologies.
  • The report was compiled on the basis of extensive primary and secondary research. Primary research is conducted through interviews, surveys and observations by renowned workers in the field.
  • The report contains an in-depth market analysis using the 5-force Porter model and the Ansoff matrix. In addition, the report also mentions the impact of Covid-19 on the market.
  • The report also includes a regulatory scenario in the industry to help you make an informed decision. The report discusses the main regulators and the main rules and regulations imposed on the sector in the various geographical areas.
  • The report also includes competitive analysis using positioning quadrants, an analytical tool for determining competitive position.

Market dynamics

Drivers

  • Increased risk of non-payment
  • Increasing digitization of financial services
  • Increasing business operations
  • Growth under strict conditions

Limitations

  • Complicated rules
  • It increases business costs

Opportunities

  • Advances in technology
  • Demand for customized business services

Challenges

  • Concerns about fraud and cyber attacks

For more information on this report, visit https://www.researchandmarkets.com/r/9csm1x

  • Mobile phone insurance market in the United Kingdom

        

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