Mobile Market Italia The Italian mobile market • The Italian mobile market is full of opportunity • With a change in consumer habits • A reliance on the digital experience • The FOCUS currently is Hardware, Software and Connectivity 2 But what’s overlooked? What’s being missed in the Italian mobile market? The answer is PROTECTION If the correct level of focus is given to your customers and their protection they will be indebted to your brand. 3 Let’s put things into context………. More than 2/3rds of people use smartphones. It’s predicted through to 2018 smartphone ownership will grow by 7% 4 Look what a phone can do now A phone is not just a phone anymore, it’s a very smart phone indeed…, it’s a camera, a sat nav, an alarm clock, a music player, a pc and much much more… Effectively a remote control to aid us in our increasingly busy and hectic lives. 5 Can you imagine what your life would be like without your phone now? How much do you rely on your phone? Over 50% of phones sold globally are smart phones. How long could you live without it? By 2017, 75% of phones sold globally will be smart phones 6 WHAT IF SOMETHING HAPPENS TO YOUR PHONE? Naturally an incident will occur with your phone at least once every 4 years How does that make you feel? 7 In Reality Be proactive Be reactive To help customers To grow your brand 8 HERE’S WHAT WE’VE DONE IN OTHER COUNTRIES Grown Individual ARPU by 5% Increased Network tenure by 15% LOYALTY = HIGH REVENUE & PRODUCT OWNERSHIP 9 Great opportunities • In 2014 17 million smartphones sold • We estimate that just 1-2% of smartphone owners in Italy are aware of PROTECTION • Elsewhere in Europe that rises to 20% 10 Why is this opportunity not optimised in Italy? We need to: • • • Look at our global business Our successes around the world Seek local expertise to adapt our ideas Ask ourselves: • • • • What should we be offering? What features work well already? How does the sales process differ? What do distributors need to be successful? 11 How can Assurant Solutions support this? 12 Our customer service Customer service is key for:• Creating commercial value • Delivering brand After all, a good sales process builds your customer base & a good service retains it 13 What do customers need? Fast replacement & repair Aftercare service Technical support Fault diagnostic solutions Solution to resolving both warranty & incident 14 CONNECTED LIVING It’s not just about smartphones! Typically Italians own 6 connectable devices Think about CONNECTED LIVING 15 What is a connected home? A connected home features connected appliances and devices. Everyday appliances and gadgets around the home are being given the ability to communicate with each other allowing you to control them remotely. 16 Connected Living & Customer Need More than 1,200 hours research has been completed across Europe on ‘connected living’ We have discovered the ‘connected home’ will be key for future consumers 17 Connected Living Devices The most common are mobile devices with: • 9 out of 10 people owning a smartphone • 8 out of 10 people owning a laptop. • 94% place importance on internet connectivity and 86% want access wherever they are Traditional devices are less common with: • 4 in 10 owning a Smart TV • 3 in 10 owning a Smart Appliance 18 Connected Living Drivers Retailers, manufacturers and service suppliers are pushing for a ‘connected home’ Customers driven to improve and monitor home security and money Use energy saving services such as controlling home utilities 19 Connected Living - Segments CONNECTED ADOPTERS INTERNET USERS LOW CONNECTIVITY SECURITY CONSCIOUS Young/Family & affluent with high dependency on devices Youngest segment mostly smartphone owners Older & less affluent preference for laptops Oldest segment prefer PC but fearful when online 92% interest in connected home 96% interest in protection for their connected living 71% interest in connected home 81% interest in protection for their connected living 59% interest in connected home 80% interest in protection for their connected living 52% interest in connected home 61% interest in protection for their connected living 20 Connected Living Support Most people are confident in setting up their mobile connected devices with the majority of people seeking online help or going direct to the retailer Protection for connected devices is likely to go beyond repair and insurance with security and technical support valued by security conscious people 21 Connected Living Retailers The retail store is key to the purchase of existing and new devices with electrical retailers most common Connected adopters with high online activity favour the in-store channel for both purchase and protection, valuing expertise and face to face support This is where the OPPORTUNITY LIES 22 Connected Living Summary There is a desire to live a more connected life driven by protection for the home, money saving and green living with high ownership of internet enabled devices. Retailers will be vital for purchases and customer support with strong interest in products to support connected living. 23 Connected Living – What does the future hold for Assurant Solutions? 24 Summary We have a growing market with demanding and unprotected customers. There are opportunities in protection and ‘connected living’ to increase brand loyalty. Assurant Solutions can support you as a global organisation with local presence and knowledge of the Italian market. 25
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