Travel Insurance Market Is Expected to Exhibit a Robust +30.1% CAGR from 2018 to 2025 - CSA Travel Protection, Travel Safe, USI Affinity, Seven Corners
Research N Report's research analyst predicts the global travel insurance market to grow steadily at a CAGR of +11.1% during the forecast period. The rise of low-cost airlines is the primary growth driver for this market. With the emergence of low-cost airlines, there has been an increase in the number of airport passengers. This, in turn, has led to an increase in the gross travel insurance premium, which has hiked the profit margins of the top travel insurance vendors.
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