The ‘ Travel Insurance market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Travel Insurance market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Travel Insurance market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
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Travel insurance is an insurance product, which is designed to cover unforeseeable events incurred while travelling, either internationally or domestically. Generally, it provides coverages for emergency medical expenses, trip cancellation, flight delays, lost luggage, public liability, and other expenses to minimize the risks during travel. In addition, depending on coverages, travel insurance providers offer different plans by covering costs and losses associated with traveling.
Further, several intermediaries in distribution channel such as insurance aggregators, banks, insurance brokers providing consumers with various options to compare products and prices, suggest suitable policies, and others. Moreover, international travel insurance is mandatory for tourists who visit countries such as Thailand, Cuba, Antarctica, Schengen countries, the U.S., and UAE.
Increased usage of smartphones and internet for online travel insurance purchases via direct airline sites, online travel agencies (OTAs), and company websites & applications are gaining momentum space and are contributing to the growth of the online travel insurance market. In addition, rise in tourism due to an increase in disposable income, easy online travel bookings, package holidays, extensive coverage of holidays, and others also drive the market growth.
With an increase in tourism, several incidences such as trip cancellations, loss of luggage & important documents, medical emergencies, and others take place. To mitigate these risks, consumers opt for travel insurance, which is a significant driving factor for the travel insurance market. However, lack of awareness toward travel insurance policies, low consumer experiences in terms of coverages, premium rates, services by third-party providers of travel insurance remains a primary concern, as a result, these factors limit the growth of travel insurance premium in the market.
Key Segments Studied in the Global Travel Insurance Market
|Professional Key players: Allianz Group, American International Group, Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance., USI Insurance Services, Zurich Insurance Co. Limited.|
|By Insurance Cover (SingleTrip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others)|
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
North America (United States, Canada & Mexico)
Asia-Pacific (Japan, China, India, Australia etc)
Europe (Germany, UK, France etc)
Central & South America (Brazil, Argentina etc)
Middle East & Africa (UAE, Saudi Arabia, South Africa etc)
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Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2026 [** unless otherwise stated]
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
- Which are the high-growth segments/cash cows and how is the market segmented in terms of applications, products, services, technologies, stakeholders?
- What are market estimates and forecasts; which market segments are doing well and which are not?
- Where are the gaps and opportunities; what is driving the market?
- Which are the key playing fields; which are the winning edge imperatives?
- How is the competitive outlook; who are the main players in each of the segments; what are the key selling products; what are their strategic directives, operational strengths and product pipelines?
- Who is doing what?
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Key Points Covered in Travel Insurance Market Report:
Chapter 1: Overview of Travel Insurance Market: The Study Explore COVID 19 Outbreak Impact Analysis
Chapter 2: Market Competition by Players/Suppliers: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure
Chapter 3: Sales (Volume) and Revenue (Value) by Region: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Revenue and market share
Chapter 4, 5 and 6: Travel Insurance Market by Type, Application & Players/Suppliers Profiles: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information
Chapter 7, 8 and 9: Travel Insurance Manufacturing Cost, Sourcing & Marketing Strategy Analysis: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Key Raw Materials Analysis
• Upstream Raw Materials Sourcing
• Marketing Channel
Chapter 10 and 11: Travel Insurance Market Effect Factors Analysis and Market Size (Value and Volume) Forecast: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Technology Progress/Risk
• Sales Volume, Revenue Forecast (by Type, Application & Region)
Chapter 12, 13, 14 and 15: Travel Insurance Market Research Findings and Conclusion, appendix and data source
• Methodology/Research Approach
• Data Source (Secondary Sources & Primary Sources)
• Market Size Estimation
……..and view more in complete table of Contents
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