Press release
Personal Travel Insurance Market: Explosive Growth Seen Ahead Amids Rising Demand | Allianz, Munich Re Group, AIG
Personal Travel Insurance
Definition:
Personal effects and luggage cover in personal travel insurance is the most frequently claimed benefit, however it is also the one which causes the most confusion at claims time. Personal travel insurance is designed to protect a person from unexpected events during travelling. It is a cost-effective way of protection for domestic as well as international travel. Its coverages include medical expenses, flight accident coverage, accidental death, and baggage and personal effect coverage. In addition to this, it also provides emergency services such as lost passports, cash wire assistance, and rebooking of cancelled flights.
Some of the key players profiled in the study are:
Allianz (Germany), Munich Re Group (Germany), AIG (United States), Assicurazioni Generali (Italy), Chubb (United States), Manulife (Canada), United Healthcare Global (United States), Mapfre (Spain), AXA (France) and Tokio Marine Holdings (Japan)
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Market Drivers
• Increasing Tourism is Fuelling the Market Growth
• Ease of Availability of Package Holidays, Online Bookings, and Extensive Coverage of Holydays
Market Trend
• Emphasis on Online Platform to Sale Personal Travel Insurance
• Adoption of Technology in Insurance Industry
Restraints
• Stringent Government Regulations
• Issues Related to The Claim of Travel Insurance
Opportunities
• Government Initiatives for Travel Insurance
• Increasing Unusual Events Such as Natural Disasters and Terrorist Attacks
Challenges
• Lack of Awareness Towards the Personal Travel Insurance
Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Personal Travel InsuranceMarket is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
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The Personal Travel Insurance segments and Market Data Break Down are illuminated below:
End users (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), Travel (Domestic, International), Coverage (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), Distribution channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Objectives of the Study
• To Define, Describe, and Segment The Personal Travel InsuranceMarket On The Basis Of Type, Function, Application, And Region.
• To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To estimate the size of the Personal Travel InsuranceMarket in terms of value.
• To study the individual growth trends of the providers of Personal Travel InsuranceMarket, their future expansions, and analyze their contributions to the market
• To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market, covered by Personal Travel InsuranceMarketand various regions.
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, and new product launches, in Personal Travel InsuranceMarket.
• To strategically profile key market players and comprehensively analyze their market position and core competencies
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Strategic Points Covered in Table of Content of Personal Travel Insurance Market:
Chapter One: Global Personal Travel Insurance Market Industry Overview
1.1 Personal Travel Insurance Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Personal Travel Insurance Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Personal Travel Insurance Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Global Personal Travel Insurance Market Size by Demand
2.3 Global Personal Travel Insurance Market Forecast by Demand
Chapter Three: Global Personal Travel Insurance Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Personal Travel Insurance Market Size by Type
3.3 Personal Travel Insurance Market Forecast by Type
Chapter Four: Major Region of Personal Travel Insurance Market
4.1 Global Personal Travel Insurance Sales
4.2 Global Personal Travel InsuranceRevenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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