Press release
Travel Insurance Market 2025 | Allianz Global, CSA Travel Protection, USI Affinity, MH Ross, Assistance, AXA SA, AIG Travel, Travelex Group, Aviva PLC, American Express Company, Travel Insured International
Growth in tourism is the prime factor that drives the travel insurance market. 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. Travel Insurance market growth has provided an impetus to travel insurance companies to capitalize on the rising demand for insurance among travelers.Some credit card issuers offer automatic travel insurance if travel arrangements are paid for using their credit cards, but these policies are generic and particular care must be taken to take into account personal requirements. Market research methodologies help organizations in evaluating the most decisive stakes in the market that need to be deliberated for effective decision making.
The global Travel Insurance market is grow at a CAGR of +8% during the period 2019-2025.
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Top Key Vendors in Market:
Allianz Global, CSA Travel Protection, USI Affinity, Seven Corners Inc., Travel Safe, MH Ross, Assistance, Travel Insured International, AXA SA, AIG Travel, InsureandGo., Berkshire Hathaway Specialty Insurance, Travelex Group, Aviva PLC, American Express Company, Travel Insured International
The research report categorizes the Global Travel Insurance Market on the basis of application into clinics, residential, and hospitals, and others. On the basis of geography, the global market is divided into North America, China, Europe, Japan, India, and Southeast Asia. The research report witnesses that North America will be a key regional market in the overall market.
Based on insurance cover, the market is classified into single trip travel insurance, annual multi-trip travel insurance and long stay travel insurance. Insurance policies are sold through different distribution channels, such as insurance intermediaries, insurance company, banks, insurance brokers, insurance aggregator, and others. Travel Insurance Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information.
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The need for this product is swelling and its recognition in the market will fuel up in the Travel Insurance Market globally in the near future. Its quick disposition in the industry, scalability and flexibility that they offer are anticipated to add to reputation over the forecast period.
By Types:
Medical Expenses
Trip Cancellation
Trip Delay
Property Damages
By Application:
Domestic Travel
Outbound Travel
The study objectives of this report are:
-To analyze global Travel Insurance status, future forecast, growth opportunity, key market and key players.
-To present the Travel Insurance Market development in United States, Europe and China.
-To strategically profile the key players and comprehensively analyze their development plan and strategies.
-To define, describe and forecast the market by product type, market and key regions.
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