Mobile Phone Insurance Market to hit $53,161.84 Million by 2028

According to our latest market study on “Mobile Phone Insurance Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Coverage, Sales Channel, Phone Type, and End User,” the market size is projected to reach US$ 53,161.84 million by 2028 from US$ 27,291.83 million in 2021; the market is expected to grow at a CAGR of 10.4% from 2022 to 2028.

The players operating in the mobile phone insurance market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the mobile phone insurance market. A few developments by key players are listed below.

- In May 2021, American International Group, Inc. was recognized as one of Diversity Inc's Top 50 Companies for “Diversity” for consecutive fourth year.
- In October 2020, In Interbrand's Best Global Brands Ranking, Allianz was voted the world's best insurance brand. Allianz's expanding brand strength and significance in people's lives is reflected in this rating.