Expanding Domestic and International Tourism Industry Surging the Global Travel Insurance Market Growth

Travel Insurance Market

New York, USA, 2018-May-01 — /EPR Network/ — According to Goldstein Research, traveling abroad for personal and business purpose have become a mainstream in recent years and has significantly brought the boom in travel and tourism industry. Consequently, rising financial risk during travel along with medical emergencies and other miscellaneous financial losses have significantly augmented the need for travel insurance which covers trip cancellation, medical covers, lost luggage, flight mishap and other damages which experienced during international or domestic trips. Global travel insurance market outlook also includes different business models, technological advancements, and capital investment as the key strategies adopted by the major players for significant deployment and penetration of travel insurance industry across the globe. One of the major drivers in the global travel insurance market is growing awareness among the travelers about the travel insurance and significant adoption of the same. In 2016, around 26% of adult travelers in Europe procured holiday and travel insurance.

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Market Segmentation

On the basis of our in-depth analysis, global travel insurance market can be segmented as follows:

Based on Travel Insurance Type

  • Single Trip
  • Annual Multi-Trip
  • Long Stay Travel

Based on Travel Insurance Supplier

  • Travel Agencies
  • Cruise Lines
  • Tour Operators
  • Insurance Companies
  • Bankstravel insurance market

Based on Application

  • Medical Expense
  • Trip Cancellations
  • Accidental Deaths
  • Property Damage
  • Baggage and Money Loss

Based on End-User

  • Senior Citizens
  • Students/Education Travelers
  • Business Travelers
  • Family Travelers
  • Others (Backpackers, Group/Independent Travelers)

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

“Global Travel Insurance Market Analysis” contains detailed overview of the global travel insurance market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by travel insurance type, travel insurance supplier, applications and by end users.

Further, for the in-depth analysis, Global Travel Insurance Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This  industry analysis report also includes competitive outlook of some of the major players profiling of companies such as Generali Group, Aviva plc, Munich Reinsurance Company, Direct Line Insurance Group, AXA, Groupama SA, HanseMerkur Insurance Group, MapfreAsistencia and CSA Travel Protection. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global travel insurance market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research

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