Travel insurance provides an extensive range of benefits for events, such as trip cancellation due to a medical emergency, loss of baggage, evacuation due to a medical condition or hijack, and loss of travel documents. However, it is considered as an unrequired expense by a large pool of travelers. Lack of awareness and guidance is a major factor that refrains travelers from opting for travel insurance.
The Travel Insurance Market is expected to grow worth of USD +28264 Million and also the market is likely to exhibit a strong +10% CAGR over the forecast period 2019-2025.
Research N Reports has added new statistical data to its massive repository which helps to provide proper guidelines for businesses. In order to satisfy the business needs of various customers, it offers analytical data of business structures by using primary and secondary research methodologies. Different factors have to be investigated in this research report including trends, segmentation, competitive landscape, key players and regional outlook. The global Travel Insurance market is projected to expand at +10% CAGR in the forecast period.
Top Key Vendors in Market:
Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global, Mapfre, AXA, Tokio Marine Holdings, China Pacific insurance, Hanse Merkur , Ping An Insurance (Group) Company of China, People’s insurance company of China, China Life, Sompo Japan Nipponkoa
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The global Travel Insurance market has fragmented into different segments such as types, size, application, and end-users. Increasing demand for this sector will influence the growth of the market. The global market research report offers comprehensive information prospects. The exhaustive study for the global market has been added in terms of various attributes. It also includes numerous vendors operating in the different global region.
Travel Insurance Market Key Segments:
By Insurance Cover
Single Trip Travel Insurance
Annual Multi-Trip Travel Insurance
Long-Stay Travel Insurance
By Distribution Channel
Senior Citizens (Above age of 60 years)
Fully independent Traveler
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Travel Insurance can be arranged at the time a trip is booked (such as through a travel agency, cruise line operators, or other travel suppliers), which lasts for the duration of a trip, or a longer term, more expansive coverage can be obtained directly from a Travel Insurance company, which can cover Business Travel, Student Travel, Cruises, Leisure Travel, Adventure Travel, and International Travel at various levels.
Key Benefits of Travel Insurance:
Saves from unforeseen medical expenses
A friend in an unfamiliar territory
Coverage for personal liability
Reasons to buy:
-It offers a complete understanding of dynamic market aspects.
-Also offers key outcomes of analytical methods.
-Elaboration of global opportunities to expand the businesses.
Table of Content:
Global Travel Insurance Market Research Report 2019-2025
Chapter 1: Industry Overview
Chapter 2: Travel Insurance Market International and China Market Analysis
Chapter 3: Environment Analysis of Travel Insurance.
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Travel Insurance Market Revenue Market Status.
Chapter 7: Analysis of Travel Insurance Industry Key Manufacturers
………….Continue to TOC.
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