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Extended Warranties and Insurance for Mobile

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Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in the USA is about the market for extended warranties and insurance sold in conjunction with white goods, brown goods, grey goods, mobile gadgets and mobile phones in the US.

The study draws on extensive primary and secondary research covering 276 organisations involved in the production and distribution of mobile and non-mobile consumer products including manufacturers, mainstream mobile network operators, mobile virtual network operators (MVNOs), specialised retailers of consumer electronics, supermarkets and other types of retailer (namely, department stores, DIY / furniture / home outlets, speciality retailers and variety retailers). Hence, it provides a comprehensive overview of this activity across the US, which is the world's largest market for extended warranties and related insurance. http://www.bharatbook.com/insurance-market-research-reports/extended-warranties-and-insurance-for-mobile-and-non-mobile-consumer-products-in-the-usa.html

Key features of this publication include:

- quantification of the market size for extended warranties and insurance linked to mobile and non-mobile consumer products: how much is the market likely to be worth in the US, and how does it segment between white goods, brown goods, grey goods, mobile gadgets and mobile phones?

- analysis of extended warranty underwriters and brokers that have established scheme relationships with manufacturers and retailers of white goods, brown goods, grey goods, mobile gadgets and mobile phones, including their unweighted share of partnerships;

- consideration of the potential for cross-selling stand-alone extended warranty and insurance policies through independent channels that are separate from either manufacturers or retailers: to what extent has this form of distribution developed in the US?

- forecasts for the market size for extended warranties and insurance linked to mobile and non-mobile consumer products up to 2016: assuming no significant changes in the number of manufacturer and retailer schemes, what factors will cause this sector to grow or decline in the next few years?

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION
What is this report about?
Rationale
The market for extended warranties and insurance for consumer products has been little studied
Evolving distribution channels both favour and compromise extended warranty provision
Methodology
Manufacturer and retailer survey
The survey's scope covers 276 manufacturers and retailers of mobile and non-mobile consumer products
Market data
Distribution channels for retailers
Most distributors of consumer electronics in the US operate mixed retail models
Definitions
Extended warranties and insurance
Extended warranties and insurance linked to consumer products come in a variety of formats…
…and are frequently marketed to consumers under alternative titles
Premiums and other revenues
Operating models
PartnerBASE™ and market data annexe
Finaccord

2.0 WHITE GOODS
Introduction
Underlying market value and volume
The value and volume of sales of white goods has increased only slightly in recent years
Manufacturers' original warranty length and consumer law
More than two thirds of manufacturers offer only one-year warranties for white goods
Manufacturer schemes for extended warranties and insurance
More than 40% of manufacturers of white goods in the US maintain an extended warranty program...
…with Assurant holding the most partnerships in this field
Assurant secured total extended warranty premiums of USD 1.47 billion in the US in 2011
Retailer schemes for extended warranties and insurance
Around three quarters of retailers of white goods have developed extended warranty schemes...
... with AmTrust identifiable as the most frequently used warranty and service specialist
In the wake of funding from Bain Capital, SquareTrade reported rapid growth in 2012
Assurant and NEWAsurion also fill roles as prominent external providers for white goods cover
Sears Protection Company serves as captive provider to two different brands in the Sears group…
…while a significant proportion of retailers operate internally-administered schemes
Risk coverage of all schemes for extended warranties and insurance
Extended warranties for white goods are focused mostly on cover for breakdown
Independent distribution channels
Several independent extended warranty options are available to US consumers...
… and 'home warranties' are important in the context of the white goods market
Market value for extended warranties and insurance
Market forecasts to 2016
The white goods market is forecast to experience modest growth through to 2016…
...which will help boost the market for extended warranties

3.0 BROWN GOODS
Introduction
Underlying market value and volume
The value and volume of sales of brown goods both declined between 2008 and 2012
Manufacturers' original warranty length and consumer law
Almost all manufacturers of brown goods offer only a one-year original warranty
Manufacturer schemes for extended warranties and insurance
Most manufacturers with extended warranty schemes administer these internally
Retailer schemes for extended warranties and insurance
Over two thirds of retail chains selling brown goods promote related extended warranties...
…with the partnerships very similar to those observed for warranties for white goods
SquareTrade provides coverage for several national retailers…
…while Best Buy and its subsidiary use Chartis in addition to in-house service provision
Risk coverage of all schemes for extended warranties and insurance
Around one in ten extended warranty schemes for brown goods include cover for accidental damage
Independent distribution channels
Market value for extended warranties and insurance
Market forecasts to 2016
The US market for brown goods is predicted to return to growth between 2012 and 2016...
…which should simultaneously drive progress in the related market for extended warranties

For more information kindly visit :
Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in the USA

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