Global Travel Insurance market valuation was estimated at 21390 Million USD in 2019, and is projected to record a y-o-y growth rate of 6 % over the upcoming years to be appraised at 26980 Million USD by 2025.
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The business intelligence report on Travel Insurance market offers a comprehensive analysis of the top growth stimulants, prospects, restraints, and limitations that will shape the business dynamics in the coming years. Further, the report divides the industry vertical into several segments and systematically assesses them to unearth the top revenue prospects.
Report Covrage | Details |
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Base Year: | 2019 |
Market Size in 2019: | 21390 Million (USD) |
Forecast Year: | 2025 |
Forecast Value: | 26980 Million (USD) |
CAGR: | 6% |
By Application: | Family Traveler, Senior Citizens, Business Traveler, Others |
By Product: | Trip Cancellation, Trip Delay, Medical Expense, Property Damage, Other |
By Key Players: | Allianz, UnitedHealthcare Global, Assicurazioni Generali, Munich Re Group, Manulife, AIG, AXA, ACE&Chubb, Prudential, Mapfre, People’s insurance company of China, Tokio Marine Holdings, China Life, Ping An Insurance (Group) Company of China, China Pacific insurance, Sompo Japan Nipponkoa, Hanse Merkur |
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The latest Travel Insurance market report aims to unearth the best opportunities and foster efficient information for businesses to thrive in this vertical during the forecast period 2019-2025. Moreover, it endeavors to provide appropriate solutions to complex challenges and initiates an effortless decision-making process.
As per expert analysts, the industry is anticipated to accrue substantial returns, exhibiting 6% CAGR over the stipulated timeframe.
Proceeding further, the research literature encompasses wide-ranging and comprehensive insights on the various sub-markets. It then proceeds to delineate the competitive landscape with respect to the leading players, emerging contenders, and new entrants in the industry. Apart from this, in view of the disruptions caused by the Covid-19 pandemic, the study makes inclusion of various plans to effectively navigate these uncertain times.
Key highlights from the Travel Insurance market report:
- Impact of Covid-19 on market remuneration scope
- Records of the sales volume and revenue
- Prevalent and upcoming industry trends
- Positives and negatives of direct and indirect sales channels
- A citation of the top distributors, traders, and dealers
Travel Insurance market segments covered in the report:
- Country-wise analysis of each regional market
- Total sales, returns, and market share held by each region
- Projections for the growth rate and revenue of each region over the forecast duration
Product types: Trip Cancellation, Trip Delay, Medical Expense, Property Damage, Other
- Pricing of each product type
- Estimated market share of each product segment based on the sales and revenue garnered
Application spectrum: Family Traveler, Senior Citizens, Business Traveler, Others
- Product pricing based on their application reach
- Sales and revenue of each application segment over during the assessment period
Competitive dashboard: Allianz, UnitedHealthcare Global, Assicurazioni Generali, Munich Re Group, Manulife, AIG, AXA, ACE&Chubb, Prudential, Mapfre, People’s insurance company of China, Tokio Marine Holdings, China Life, Ping An Insurance (Group) Company of China, China Pacific insurance, Sompo Japan Nipponkoa, Hanse Merkur
- Basic details of each company.
- Product and service catalogue of the listed companies
- Tallies of pricing model, sales, gross margins and industry share of each contender
- SWOT analysis of the mentioned firms
- Conclusive data on the commercialization rate, market concentration ratio, marketing strategies, and other business centric aspects