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Travel Insurance Market - 2020: COVID-19 Scenario, Market Share, Growth Opportunities and Business Statistics By 2027 | American International Group, Allianz Group, Assicurazioni Generali S.P.A, AXA, Seven Corners Inc. and Travel Insured International
Travel Insurance Market
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NEED OF THE REPORT:
The current situation of pandemic makes it very important for the stakeholders in the travel insurance market to understand the market deeply, which will help them in taking sound decisions to gain the competitive advantage. By exploring the unexplored areas of market, the key players can surely gain a larger market share.
COVID-19 SCENARIO:
The market for travel insurance has been adversely affected by the pandemic, globally. Following the government’s and WHO’s guidelines to maintain the social distance, the companies has put production activities on a halt, which has impacted the employment rate directly and demand ultimately.
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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.
Segregating the large problem into smaller parts makes it easy to solve even the complex problems. Similarly, to analyze the travel insurance market effectively and efficiently, the market has been segmented into, insurance cover, distribution channel, end user and region. The related graphs and data tables have made the analysis much impactful and easily understandable. The interested parties can surely rip the benefits of the report on the travel insurance market.
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TRAVEL INSURANCE MARKET KEY PLAYERS:
The report offers a competitive analysis in the report, in which, the performance of the competitors in past, the revenue, and strategies framed are analyzed in detail. The key market players in travel insurance market are 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, etc. The competitors’ analysis will be helpful for new entrants to frame the profitable strategies that will help them gain the market share and achieve the objective of wealth maximization.
KEY OFFERINGS OF THE REPORT:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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KEY BENEFITS FOR STAKEHOLDERS:
1. This study includes the market analysis, trends, and future estimations to determine the imminent investment pockets.
2. The report presents information related to key drivers, restraints, and market opportunity.
3. The market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
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 market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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