Explosive growth on Travel Insurance Market Projected: Status and outlook 2019-2026 by Demand & Key Players- Allianz, Generali Global Assistance, USI Affinity, Seven Corners, Travel Safe Insurance, Trip Mate, Travel Insured International, AXA, Tata AIG Ge

Travel insurance is intended to protect people against financial or medical losses while travelling. It also offers comprehensive coverage for exceptional events such as trip cancellation, loss of baggage, evacuation due to medical emergency or loss of travel documents. Travel insurance is increasing on international traveler’s checklist. The insurance may also include some benefits such as accidental health benefit, additional kennel or cattery fees, loss of income and permanent disability, alternative transport arrangement, etc. Factors such as increase in natural disasters, growth in tourism, rise in globalization and trade practices have made this industry attractive.

The Travel Insurance Market valued US$ 18,868.4 Mn in 2017 is anticipated to reach US$ 29,086.0 Mn by 2022.

Request Sample Pages of this report @ https://www.absolutemarketsinsights.com/request_sample.php?id=91

Some of the primary market participants are Allianz, Generali Global Assistance, USI Affinity, Seven Corners Inc., Travel Safe Insurance, Trip Mate Inc. (Arthur J. Gallagher & Co.), Travel Insured International, AXA, Tata AIG General Insurance Company Limited, Insure & Go Insurance Services Limited, Travelex Insurance Services (TIS), Tokio Marine HCC Medical Insurance Services Group, First Allied Travel Insurance, Arch Insurance Company, Aviva Life Insurance Company India Ltd., American Express Company, BH Specialty Insurance, TravelInsurance.com (DigiVentures Holdings, LLC), amongst others

Travel insurance can be paid by generally two methods which are monthly outstanding balance payments and single payment method. The single payment method holds the highest market share in payment segment for travel insurance. In case of single payment method, a lump sum amount is paid at once for any travel insurance being purchased. In this method, no interest is incurred on the payment amount. This has hereby, attracted consumers to adopt this payment method rapidly. However, various disadvantages of travel insurance, such as the twice payment after attaining the age of 66 years and no claims coverage for fragile items like glass, may hamper the industry.

Moreover, travelers above the age of 65 years are not eligible for such insurance coverage, and hence may adversely impact the overall demand in the market. However, increase in number of business travelers across North America and Europe region is expected to fuel the growth of travel insurance industry.

Absolute Market Insights has published a comprehensive analysis of its massive repository titled as, Travel insurance Market. This informative data has been scrutinized by using effective exploratory techniques such as primary and secondary research methodologies. Different dynamic factors of the businesses have been elaborated to get a complete and detailed description of changing variables.

The Travel insurance Market comprises in-depth assessment of Travel insurance sector. This statistical report also provides a detailed study of the demand and supply chain in the global Travel insurance sector. The competitive landscape has been elaborated by describing the various aspects of the leading industries such as shares, profit margin, and competition at the domestic and global level.

Get maximum Discount on report @ https://www.absolutemarketsinsights.com/ask_for_discount.php?id=91

Travel Insurance Market, By Trip Type:

Annual multi-trip type holds the highest market share in trip type segment of travel insurance market. It allows the users coverage for a number of trips within a 12-month period. The annual multi-trip is suitable for solo travelers, as annual cover is the cheapest option, when it comes to travelling individually, for more than three times a year. This annual multi-trip type insurance is expected to be the most attractive travel insurance trip type amongst others. In 2017, Seven Corners initiated to offer annual and per trip protection plans designed specifically for consumers in the North America region. This again is owing to the large number of travelers in the region. Hence, such strategic initiatives undertaken by the companies is expected to boost the market growth.

Travel Insurance Market, By Region:

Asia Pacific holds the largest market share among other regions in the market. The region accounts for major travelers, mostly educational travelers, in the global market. The overall expenditure of middle-class income category of people towards travel and tourism has increased, specifically in the developing economies. Moreover, education and leisure travel has been identified to be the most preferred cause for travel.

Moreover, the growth in the market is largely driven by increase in number of outbound travelers among senior citizens, who focus on secure travel and large travel in groups or with family. Moreover, the rise in number of family travelers and business travelers is expected to generate high demand for travel insurance market in this region.

Browse Full Report @ https://www.absolutemarketsinsights.com/reports/Travel-Insurance-Market-2018-2026-91  

Some Points from Table of Content:

Travel Insurance Market 2018

Chapter 1: Travel Insurance Industry Overview

Chapter 2: Manufacturing Cost Structure Analysis of Travel Insurance Market

Chapter 3: Technical Data and Manufacturing Plants Analysis of Market

Chapter 4: Overall Market Overview of Travel Insurance Market

Chapter 5: Travel Insurance Market Analysis

Chapter 6: Major Manufacturers Analysis of Market

Chapter 7: Development Trend of Analysis of Market

Chapter 8: Travel Insurance Marketing Type Analysis

Chapter 9: Conclusion of Travel Insurance Market Report 2019

….Continued

About Absolute Markets Insights:

Absolute Markets Insights strives to be your main man in your business resolve by giving you insight into your products, market, marketing, competitors, and customers. By enabling you to make well informed choices, absolute markets insights will help you to develop a successful marketing grand design.

We convert complex data and findings presented by researchers from some of the most conflict challenged markets in the world into explicit market research reports. Our market studies covers a market size of over 30 sectors ranging from agriculture to IT & Telecom, from consumer goods to machinery and equipment and so forth. Market Research is often overlooked by companies, who tend to invest undue time and money on marketing and sales. We believe that market research is harmfully important to win market share.

Contact Us:
1 st Floor
The Work Lab
Model Colony
Pune
Pin - 411016
sales@absolutemarketsinsights.com
www.absolutemarketsinsights.com

This release was published on openPR.