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

Posted on 2018-07-21 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Jul-21 — /EPR Network/ — According to Goldstein Research, travelling 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. 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 the travel insurance industry across the globe. One of the major drivers in the global travel insurance market is growing awareness among the travellers about the travel insurance and significant adoption of the same. In 2016, around 26% of adult travellers 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
Banks

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 (%)}
The Middle East & Africa (GCC, South Africa, North Africa, Rome) {Market Size (USD Billion), Growth Analysis (%) and Adoption Rate (%)}

“Global Travel Insurance Market Analysis” contains a detailed overview of the global travel insurance market. On the basis of our in-depth analysis, the 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 market research 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, Mapfre Asistencia 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 a 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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