1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in Romania

Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in Romania 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 Romania.

The study draws on extensive primary and secondary research covering 64 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 outlets, speciality retailers and variety retailers). Hence, it provides a comprehensive overview of this activity across Romania.

Table Of Contents

Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in Romania
TABLE OF CONTENTS
0.0 EXECUTIVE SUMMARY ... 1
1.0 INTRODUCTION 3
What is this report about? .. 3
Rationale . 3
Evolving distribution channels both favour and compromise extended warranty provision ... 3
Methodology ... 4
Manufacturer and retailer survey ... 4
The survey's scope covers 69 manufacturers and retailers of mobile and non-mobile consumer products . 4
Market data . 4
Distribution channels for retailers ... 5
Definitions ... 6
Extended warranties and insurance .. 6
Extended warranties and insurance linked to consumer products come in a variety of formats… 6
…and are frequently marketed to consumers under alternative titles . 6
Premiums and other revenues ... 6
Operating models ... 7
Weighted shares . 7
PartnerBASEâ„¢ and market data annexe . 7
Finaccord 8
2.0 WHITE GOODS .. 9
Introduction . 9
Underlying market value and volume.. 10
Around 150,000 more items classifiable as white goods were bought in 2013 than had been in 2009 .. 10
Manufacturers' original warranty length and consumer law... 11
Romanian consumer law implies that manufacturers should offer two-year original warranties… .. 11
Manufacturer schemes for extended warranties and insurance ... 12
… but several exceed that and several also promote extended warranties . 12
Manufacturer brands controlled by two groups are dominant in the weighted analysis of partnerships .. 12
Retailer schemes for extended warranties and insurance . 14
Five major retailers of white goods have introduced extended warranty programs… .. 14
...with two of these managed by the Romanian branch of BNP Paribas Cardif 14
Risk coverage of all schemes for extended warranties and insurance . 16
Extended warranties for white goods are focused mostly on cover for technical breakdown .. 16
Independent distribution channels .. 16
Market value for extended warranties and insurance 17
Market forecasts to 2017 . 18
The white goods market is forecast to experience continued growth through to 2017… . 18
...which will help to boost the market for related extended warranties .. 19
3.0 BROWN GOODS.. 20
Introduction ... 20
Underlying market value and volume.. 21
Between 2009 and 2013, both the value and volume of sales of brown goods moved up somewhat 21
Manufacturers' original warranty length and consumer law... 22
The vast majority of manufacturers of brown goods offer a two-year original warranty ... 22
Manufacturer schemes for extended warranties and insurance ... 23
All manufacturers with extended warranty schemes administer these internally.. 23

Retailer schemes for extended warranties and insurance . 25
… as do most retailers with involvement in this arena ... 25
Risk coverage of all schemes for extended warranties and insurance . 27
Cover for accidental damage is rarely included in extended warranties for brown goods 27
Independent distribution channels .. 27
Market value for extended warranties and insurance 28
Market forecasts to 2017 . 29
The value of the Romanian market for brown goods will soon break the RON 2 billion threshold .. 29
In a relatively young market, it is reasonable to assume a slightly higher overall take-up rate for 2017 .. 30
4.0 GREY GOODS .. 31
Introduction ... 31
Underlying market value and volume.. 32
The value of the grey goods market increased between 2009 and 2013 despite a decline in sales volume .. 32
Manufacturers' original warranty length and consumer law... 33
Acer is unique among manufacturers in offering a three-year factory warranty in Romania 33
Manufacturer schemes for extended warranties and insurance ... 34
Dell, Epson, Fujitsu, HP, Lenovo, Panasonic and Toshiba all promote extended warranties .. 34
Retailer schemes for extended warranties and insurance . 36
The largest retailer extended warranty programs are likely to be internally-managed ones 36
Risk coverage of all schemes for extended warranties and insurance . 38
The schemes of Domo, Flanco and Lenovo incorporate cover for accidental damage ... 38
Independent distribution channels .. 38
Market value for extended warranties and insurance 39
Market forecasts to 2017 . 40
The market for grey goods is forecast to grow very slightly in value between 2013 and 2017... . 40
…allowing a similar progression in the associated extended warranty market . 41
5.0 MOBILE GADGETS . 42
Introduction ... 42
Underlying market value and volume.. 43
As elsewhere, products classifiable as mobile gadgets have enjoyed increasing popularity in Romania ... 43
Manufacturers' original warranty length and consumer law... 44
19 out of 20 manufacturers offer two-year original warranties ... 44
Manufacturer schemes for extended warranties and insurance ... 45
Six manufacturers of mobile gadgets promote extended warranties…. 45
Retailer schemes for extended warranties and insurance . 47
… and seven retailers, including mobile network operator Orange ... 47
Risk coverage of all schemes for mobile gadget insurance .. 49
Most programs are restricted to cover for technical faults, not other insurable risks 49
Independent distribution channels .. 49
Market value for extended warranties and insurance 50
Market forecasts to 2017 . 51
The value of the Romanian mobile gadget market could have risen by almost 25% by 2017… . 51
… causing the related extended warranty market to also rise, even if take-up rates fail to advance ... 52
6.0 MOBILE PHONES 53
Introduction ... 53
Underlying market volumes . 54
In spite of a declining population, mobile phone subscriptions have growth quite strongly… .. 54
... although the number of mobile handset owners less so 55
Manufacturers' original warranty length and consumer law... 56
Two out of 11 mobile phone manufacturers limit their factory warranty to a single year .. 56
Manufacturer schemes for mobile phone insurance .. 57
Retailer schemes for mobile phone insurance ... 57

Two out of three mobile network operators offer insurance with Marsh administrating in both cases . 57
Risk coverage of all schemes for mobile phone insurance ... 59
Cover for airtime abuse and loss is not yet available in Romania . 59
Independent distribution channels .. 59
Market value for mobile phone insurance ... 60
Market forecasts to 2017 . 61
Mobile phone subscriptions per capita will have edged up further by 2017… .. 61
...but a reduction in the population will cause the number of mobile handset owners to fall 62
Notwithstanding this, the value of the mobile phone insurance market will probably rise further . 63
LIST OF GRAPHICS / TABLES
0.0 EXECUTIVE SUMMARY ... 1
Approximate market value for extended warranties and insurance linked to mobile and non-mobile consumer products in Romania, 2009, 2013 and 2017 (forecast) .. 2
Approximate market value for extended warranties and insurance linked to mobile and non-mobile consumer products in Romania, 2009, 2013 and 2017 (forecast) (table) .. 2
1.0 INTRODUCTION 3
Organisations researched in Romania, segmented by type, 2014 . 4
Retailers in Romania segmented by distribution channel, 2014 . 5
2.0 WHITE GOODS .. 9
Value and volume of sales of white goods in Romania, 2009 and 2013 .. 10
Comparative length of original warranties offered by manufacturers of white goods in Romania, 2014 11
Manufacturer schemes for extended warranties and insurance linked to white goods in Romania: provision rates and operating models, 2014 ... 12
Manufacturer schemes for extended warranties and insurance linked to white goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 13
Retailer schemes for extended warranties and insurance linked to white goods in Romania: provision rates and operating models, 2014 ... 14
Retailer schemes for extended warranties and insurance linked to white goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 15
Risk coverage of all schemes for extended warranties and insurance linked to white goods in Romania, 2014 .. 16
Approximate market value for extended warranties and insurance linked to white goods in Romania, 2009 and 2013 ... 17
Value and volume of sales of white goods in Romania, 2013 and 2017 (forecast) . 18
Approximate market value for extended warranties and insurance linked to white goods in Romania, 2013 and 2017 (forecast) .. 19
3.0 BROWN GOODS.. 20
Value and volume of sales of brown goods in Romania, 2009 and 2013 21
Comparative length of original warranties offered by manufacturers of brown goods in Romania, 2014... 22
Manufacturer schemes for extended warranties and insurance linked to brown goods in Romania: provision rates and operating models, 2014 ... 23
Manufacturer schemes for extended warranties and insurance linked to brown goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 24
Retailer schemes for extended warranties and insurance linked to brown goods in Romania: provision rates and operating models, 2014 ... 25
Retailer schemes for extended warranties and insurance linked to brown goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 26
Risk coverage of all schemes for extended warranties and insurance linked to brown goods in Romania, 2014 .. 27
Approximate market value for extended warranties and insurance linked to brown goods in Romania, 2009 and 2013 . 28
Value and volume of sales of brown goods in Romania, 2013 and 2017 (forecast) 29
Approximate market value for extended warranties and insurance linked to brown goods in Romania, 2013 and 2017 (forecast) . 30
4.0 GREY GOODS .. 31
Value and volume of sales of grey goods in Romania, 2009 and 2013 ... 32
Comparative length of original warranties offered by manufacturers of grey goods in Romania, 2014 . 33
Manufacturer schemes for extended warranties and insurance linked to grey goods in Romania: provision rates and operating models, 2014 ... 34

Manufacturer schemes for extended warranties and insurance linked to grey goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 35
Retailer schemes for extended warranties and insurance linked to grey goods in Romania: provision rates and operating models, 2014 36
Retailer schemes for extended warranties and insurance linked to grey goods in Romania: unweighted and weighted provider share of partnerships, 2014 ... 37
Risk coverage of all schemes for extended warranties and insurance linked to grey goods in Romania, 2014 .. 38
Approximate market value for extended warranties and insurance linked to grey goods in Romania, 2009 and 2013 ... 39
Value and volume of sales of grey goods in Romania, 2013 and 2017 (forecast) ... 40
Approximate market value for extended warranties and insurance linked to grey goods in Romania, 2013 and 2017 (forecast) .. 41
5.0 MOBILE GADGETS . 42
Value and volume of sales of mobile gadgets in Romania, 2009 and 2013 . 43
Comparative length of original warranties offered by manufacturers of mobile gadgets in Romania, 2014 ... 44
Manufacturer schemes for extended warranties and insurance linked to mobile gadgets in Romania: provision rates and operating models, 2014 ... 45
Manufacturer schemes for extended warranties and insurance linked to mobile gadgets in Romania: unweighted and weighted provider share of partnerships, 2014 ... 46
Retailer schemes for extended warranties and insurance linked to mobile gadgets in Romania: provision rates and operating models, 2014 ... 47
Retailer schemes for extended warranties and insurance linked to mobile gadgets in Romania: unweighted and weighted provider share of partnerships, 2014 ... 48
Risk coverage of all schemes for extended warranties and insurance linked to mobile gadgets in Romania, 2014 . 49
Approximate market value for extended warranties and insurance linked to mobile gadgets in Romania, 2009 and 2013 . 50
Value and volume of sales of mobile gadgets in Romania, 2013 and 2017 (forecast) 51
Approximate market value for extended warranties and insurance linked to mobile gadgets in Romania, 2013 and 2017 (forecast) . 52
6.0 MOBILE PHONES 53
Volume of mobile phone subscriptions and subscriptions per capita in Romania, 2009 and 2013 54
Number of individuals owning a mobile phone in Romania and their weighting within the total population, 2009 and 2013 . 55
Comparative length of original warranties offered by manufacturers of mobile phones in Romania, 2014 56
Retailer schemes for extended warranties and insurance linked to mobile phones in Romania: provision rates and operating models, 2014 ... 57
Retailer schemes for extended warranties and insurance linked to mobile phones in Romania: unweighted and weighted provider share of partnerships, 2014 ... 58
Risk coverage of all schemes for extended warranties and insurance linked to mobile phones in Romania, 2014 .. 59
Approximate market value and policies in force for extended warranties and insurance linked to mobile phones in Romania, 2009 and 2013 ... 60
Volume of mobile phone subscriptions and subscriptions per capita in Romania, 2013 and 2017 (forecast) ... 61
Number of individuals owning a mobile phone in Romania and their weighting within the total population, 2013 and 2017 (forecast) . 62
Forecast market value and policies in force for extended warranties and insurance linked to mobile phones in Romania, 2013 and 2017 ... 63

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Non-Life Insurance in Germany, Key Trends and Opportunities to 2019

Non-Life Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Non-Life Insurance in Germany, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the German non-life insurance segment, and a comparison ...

Life Insurance in Germany, Key Trends and Opportunities to 2019

Life Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Life Insurance in Germany, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the German life insurance segment. ...

Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the German ...


Download Unlimited Documents from Trusted Public Sources

Insurance Industry in the US

  • November 2016
    18 pages
  • Insurance  

    Insurance  

  • United States  

View report >

The future of the Insurance Industry in China

  • October 2016
    32 pages
  • Business Insura...  

    Insurance  

    General Insuran...  

  • China  

    Asia  

View report >

Insurance Industry in the US - Forecast

  • September 2016
    18 pages
  • Insurance  

    Insurance  

  • United States  

View report >

Related Market Segments :

Product Liability Insurance
Insurance

ref:plp2014

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.