Latest research on Travel Insurance Market with Growth Factors, Analytical Overview, Applications, Regional Analysis and Upcoming Trends by Forecasts during 2018 -2023, focusing on top Key Players like Allianz,Munich RE,Generali,AXA,Hanse Merkur,Groupama,

Travel insurance provides an extensive range of benefits for events, such as trip cancellation due to a medical emergency, loss of baggage, evacuation due to a medical condition or hijack, and loss of travel documents. However, it is considered as an unrequired expense by a large pool of travellers. Lack of awareness and guidance is a major factor that refrains travellers from opting for travel insurance.

Global Travel Insurance Market projected to grow at CAGR of +10% from 2018 to 2023

Travel growth is a major driver of the travel insurance market. According to the UNWTO, the number of international tourists grew by 4.4% in 2015 to a total of 1,184 million people, and North America witnessed the highest inbound travel. As traveller traffic increases, baggage increases, important documents, medical emergencies and natural disasters are registered. A larger number of travellers are covered by travel insurance to mitigate the risks associated with such outbreaks.

TOP Key Vendors:
Allianz,Munich RE,Generali,AXA,Hanse Merkur,Groupama,Mapfre Asistencia,AIG,CSA Travel Protection,USI Affinity,Seven Corners,MH Ross,Tokio Marine,Sompo Japan,Pingan Baoxian,STARR

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Global Travel Insurance Market is categorized by insurance coverage, distribution channels, users and geographical areas. Depending on coverage, markets are categorized as single travel travel insurance, annual multi travel travel insurance and long-term travel insurance. Insurance policies are sold through other distribution channels such as insurance brokers, insurance companies, banks, insurance brokers and insurers. Those who choose the travel insurance policy are backpackers, seniors, educators, business travelers, fully independent travelers and family travelers.

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Based on geographical area Global Travel Insurance Market largely divided into Latin America, Europe, Middle East and Africa and Asia Pacific. The world market is still exploring in most areas, but it has grown steadily over the next few years. Major companies are investing in this market in Canada, UK, USA, India, China and some Asia Pacific countries. As a result, Asia Pacific, North America and Western Europe are expected to account for more than half of the total market share over the next few years.

In the end, the Travel Insurance Market report includes project SWOT analysis, investment feasibility analysis, investment return analysis, and development analysis. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period.

Table of Contents

Global Travel Insurance Market Research Report
Chapter 1 Travel Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Travel Insurance Market Forecast 2025

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