Travel Insurance Market

cover (annual multi-trip travel insurance, single trip travel insurance, and long stay travel insurance) users(backpackers, education traveler, senior citizens, fully independent traveler, business traveler, and family travelers)-Global Industry Opportunity 2017-2025

  • Date BFSI
  • Date November 2017
  • price $3258
 
 

Travel Insuarance Market Overview

Travel insurance offers a wide range of benefits for events including evacuation due to medical condition or hijack, trip cancellation due to medical emergency, loss of baggage, and loss of travel documents. Travelers are inclined toward availing travel insurance as it helps them in recovering from unexpected events occurring during travel. Various types of coverage available for travel insurance buyers are travel delay, personal liability, tour operator default, legal expenses, accidental death, emergency reunion, and others.

Rise in tourism, rise in globalization, and travel rules & regulations drive growth in the global travel insurance market. Low penetration of insurance policies limit growth in the industry. On the other hand, new technological developments create new opportunities in the global industry.

The global travel insurance market is segmented based on insurance cover, distribution channels, users, and geography. Based on insurance cover, the market is further segmented into annual multi-trip travel insurance, single trip travel insurance, and long stay travel insurance. Distribution channels are classified into insurance intermediaries, banks, insurance company, insurance aggregator, insurance brokers, and others. Users who opt for travel insurance policies include backpackers, education traveler, senior citizens, fully independent traveler, business traveler, and family travelers. The market is divided across geographical regions, including North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).

Market players operating in the global travel insurance market include CSA Travel Protection, USI Affinity, Seven Corners Inc., Travel Safe, MH Ross, Allianz Global Assistance, Travel Insured International, AXA SA, AIG Travel, InsureandGo, and others. They have adopted various strategies such as expansion, collaborations, agreements, mergers & acquisitions, partnerships, joint ventures, and others to strengthen their position in the industry and gain competitive advantage.

Key Benefits of the Report:

  • The study offers an extensive analysis of the global travel insurance market in addition to current trends and projections for the future to identify investment pockets.
  • The study offers a quantitative analysis to assist investors and stakeholders determine new opportunities.
  • Competitive scenario helps in determining the business strategies adopted by leading market players in different regions.
  • Geographical regions are discussed to gain understanding of market scenario and determine strategies for expansion.


License Type
Single User PDF
Enterprise Online /PDF
Price
User / Sharing
Restricted to one authorized user
Unlimited within company / enterprise
Printing
One Print only
Unlimited within company / enterprise
Delivery Formats
ADDED BENIFITS

20% Free customization (Pre-sale)

16 Analyst hour support (Post Sale)

40 Analyst hour support (Post Sale)

160 hours of mini-consult

Free quarterly industry update

Free report on update (within 180 days)

MULTIPLE PURCHASE

Complimentary report with 2 reports

Complimentary report with 3 reports

Subscription Model

 
 

Similar Market Research Report

blog
Sep
2017
Global In Vitro Fertilization (IVF) Services Market

In vitro fertilization (IVF) is an artificial fertilization process that is performed in the laboratory under artificial environment. The colloquial term for babies conceived through the IVF procedures is test-tube ... Read More >>

 

Get Email Alert