Travel Insurance Market Is Booming Worldwide| Seven Corners, Travel Safe, USI Affinity

October 02 13:12 2019
Travel Insurance Market Is Booming Worldwide| Seven Corners, Travel Safe, USI Affinity

Travel Insurance Market
Stay up-to-date with Travel Insurance Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.

HTF Market Intelligence released a new research report of 100 pages on title ‘Global Travel Insurance Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’  with detailed analysis, forecast and strategies. The study covers key regions that includes North America, South & Central America, Middle East & Africa, Europe, Asia-Pacific and important players such as Seven Corners Inc. (United States), Travel Safe (United States), MH Ross Travel Insurance Services Inc. (United States) etc.

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Summary
Industry Background:
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. The market for Travel Insurance is expected to register a CAGR of 8.26% during the forecast period to 2024. 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.

Globally, a noticeable market trend is evident Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others. Major Players, such as 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) etc. have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.

5th February 2019, AXA French Insurance Company revealed a new program AXA Go in China to provide travel insurance via WeChat a Chinese messaging application. And 25th January 2019, FWD insurance launches a new 24/7 travel insurance chatbot for providing assistance for the entire process of calming travel insurance.

 

 


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Market Trend
• Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
• Emphasizing on Online Platform to Sale Travel Insurance

Market Drivers
• Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
• Rising Awareness among Millennials to Secure Their Travel

Challenges
• Lack of Awareness in Middle Income Group People

Opportunities
• Technological Developments in the Travel Insurance Industry
• Government Initiatives to Improve Travel Rule and Regulation

HTF MI follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.

Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase

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Have a look at some extracts from Table of Content

Introduction about Global Travel Insurance

Global Travel Insurance Market Size (Sales) Market Share by Type (Product Category) in 2018
Travel Insurance Market by Application/End Users
Global Travel Insurance Sales (Volume) and Market Share Comparison by Applications
(2013-2025) table defined for each application/end-users like [Domestic Tourism, Oversea Tourism]
Global Travel Insurance Sales and Growth Rate (2014-2025)
Travel Insurance Competition by Players/Suppliers, Region, Type and Application
Travel Insurance (Volume, Value and Sales Price) table defined for each geographic region defined.
Global Travel Insurance Players/Suppliers Profiles and Sales Data

Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers

Market Sales, Revenue, Price and Gross Margin (2014-2018) table for each product type which include Single Trip, Annual Multi-trip, Long-Stay
Travel Insurance Manufacturing Cost Analysis
Travel Insurance Key Raw Materials Analysis
Travel Insurance Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2019-2025)
……..and more in complete table of Contents

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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