Press release
Travel Insurance Market - 2020: COVID-19 Scenario, Recent Trends, Market Share and Business Statistics By 2027 | Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA and Insure & Go Insurance Services Limited
Travel Insurance Market
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HOW THIS REPORT WILL HELP YOU:
This report makes it important to understand the practical implications of the travel insurance market. To gain a competitive advantage, the players must have something unique. By tapping into the untapped market segment, they can establish a relevant point of differentiation, and this report offers an extensive analysis of untapped segments to benefit the market players and new entrants to gain the market share.
COVID-19 Scenario:
The travel insurance industry has been the worst hit by COVID-19 globally. Based on the government restrictions, and WHO guidelines the companies have stopped their manufacturing processes. The global lockdown has impacted the suppliers and distributors as well to halt their services. This impact hampered the growth of the market to a certain extent.
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TRAVEL INSURANCE MARKET KEY SEGMENTATION:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The analysis becomes much easier and effective with proper segmentation of the market. The study offers a detailed segmentation of global travel insurance market based on the sales, revenue, growth rate, and market share of each segment. The key segments analyzed in the report are insurance cover, distribution channel, end user and region. The data tables and related graphs offered in the report makes the analysis easy to understand.
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TRAVEL INSURANCE MARKET KEY PLAYERS:
Understanding the competitors’ key operating strategies, business performance in the past, and product & service portfolio is important to frame better business strategies to gain the competitive advantage. This report offers the extensive analysis of key players active in the global travel insurance market. Leading market players analyzed in the report include Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafeInsurance, USI Insurance Services, and Zurich Insurance Co. Limited. These players have adopted various strategies for expansion and development including joint ventures, mergers and acquisitions, collaborations and if required spin offs to gain a strong position in the market.
KEY OFFERINGS OF THE REPORT:
1. Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.
2. Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.
3. Segmental analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.
4. Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.
5. Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenario and related strategies have been offered in the report.
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Travel Insurance Market Key Segments:
By Insurance Cover:
1. Single-Trip Travel Insurance
2. Annual Multi-Trip Travel Insurance
3. Long-Stay Travel Insurance
By Distribution Channel:
1. Insurance Intermediaries
2. Insurance Companies
3. Banks
4. Insurance Brokers
5. Insurance Aggregator
By End User:
1. Senior Citizens
2. Education Travelers
3. Business Travelers
4. Family Travelers
5. Others
By Region:
1. North America
2. Europe
3. Asia-Pacific
4. LAMEA
CHAPTERS DISCUSSED IN THE REPORT: [Total 258 Pages]
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: World Travel Insurance Market By Insurance Cover
Chapter 5: World Travel Insurance Market By Users
Chapter 6: World Travel Insurance Market By Distribution Channel
Chapter 7: World Travel Insurance Market By Geography
Chapter 8: Company Profile
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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