Edison, NJ -- (SBWIRE) -- 02/11/2021 -- A new business intelligence report released by Advance Market Analytics with title Global Travel Insurance Market Insights, Forecast to 2025.This report provides a detailed overview of key factors in the Global Travel Insurance Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors has been conducted to determine future growth prospects in the global market. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers.
Major Players in Market are:
CSA Travel Protection (United States), USI Affinity (United States), Tata AIG Insurance (India), Seven Corners Inc. (United States), Travel Safe (United States), MH Ross Travel Insurance Services Inc. (United States), Allianz Global Assistance (France), Bharti AXA General Insurance (India), AXA (France), Reliance General Insurance (India), InsureandGo (United Kingdom), Berkshire Hathaway Specialty Insurance (United States), Travelex Group (United Kingdom), ICICI Lombard General Insurance (India) and Tokio Marine HCC (United States)
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What is Travel Insurance?
Travel insurance refers to the risk associated while traveling such as injury or death, loss of luggage, delays, and others. It provides numerous benefits such as trip cancellation, loss of luggage & travel documents, and others. Growing tourism is the key factor driving the travel insurance market in addition to increasing government initiative, for instance, to visit some countries such as Luxembourg, the United States, Belgium, France, and others it is mandatory to have travel insurance to obtain VISA.According to AMA, the market for Travel Insurance is expected to register a CAGR of 8.26% during the forecast period to 2025. This growth is primarily driven by Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks and Rising Awareness among Millennials to Secure Their Travel.
Travel Insurance Market Segmentation and Market Data Breakdown:
Application (Domestic Tourism, Oversea Tourism), Distribution Channel (Insurance Intermediaries, Insurance Company, Bank, Insurance Broker, Insurance Aggregator, Others), Insurance Cover (Single Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance, Others), End User (Education Traveler, Business Traveler, Family Traveler, Fully Independent Traveler, Others)
Market Drivers
- Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
Market Trend
- Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
Restraints
- Lack of Transparency Associated With Insurance Policies
Opportunities
- Technological Developments in the Travel Insurance Industry and Government Initiatives to Improve Travel Rule and Regulation
Challenges
- Lack of Awareness in Middle Income Group People
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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
What benefits does AMA research study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Browse in-depth TOC on "Global Travel Insurance Market Comprehensive Study 2019-2026":
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Strategic Points Covered in Table of Content of Global Travel Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Travel Insurance market
Chapter 2: Exclusive Summary – the basic information of the Global Travel Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Travel Insurance
Chapter 4: Presenting the Global Travel Insurance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2020
Chapter 6: Evaluating the leading manufacturers of the Global Travel Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Global Travel Insurance Market is a valuable source of guidance for individuals and companies.
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Data Sources & Methodology
The primary sources involves the industry experts from the Travel Insurance Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.
Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Travel Insurance market?
- What are the key concerns of the five forces analysis of the Travel Insurance market?
- What are different prospects and threats faced by the dealers in the Travel Insurance market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.