Travel Insurance Market to see Huge Growth by 2025 | CSA Travel Protection, USI Affinity, Tata AIG Insurance, AXA

Travel Insurance

Travel Insurance Market: Study Navigating the Future Growth Outlook

NEW JERSEY, USA, April 20, 2020 /EINPresswire.com/ -- Advance Market Analytics released the research report of Global Travel Insurance Market, offers a detailed overview of the factors influencing the global business scope. Global Travel Insurance Market research report shows the latest market insights with upcoming trends and breakdown of the products and services.The report provides key statistics on the market status, size, share, growth factors of the Global Travel Insurance. This Report covers the emerging player’s data, including: competitive situation, sales, revenue and global market share of top manufacturers 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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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 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.

Market Drivers
• Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
• Rising Awareness among Millennials to Secure Their Travel
Market Trend
• Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
• Emphasizing on Online Platform to Sale Travel Insurance
Restraints
• Lack of Transparency Associated With Insurance Policies
• Issues Related To Claim Travel Insurance
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

The Global Travel Insurance is segmented by following Product Types:
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)

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.

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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: Displayingthe 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 2013-2018
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.

Data Sources & Methodology

The primary sources involves the industry experts from the Global 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.

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About Author:
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Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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