openPR Logo
Press release

Travel Insurance Market Top Key Players - Allianz Group, American International Group Inc., Association Generali S.P.A, AXA, Insure and Go Insurance Services Limited

09-21-2021 03:01 PM CET | Industry, Real Estate & Construction

Press release from: Mobility Foresights

Travel Insurance Market Top Key Players - Allianz Group,

The global travel insurance market size is estimated at $XX Billion in 2020, growing at –% CAGR till 2025. Travel insurance addresses the risks of travel such as injury or death, loss of luggage, delays and more. It provides many benefits such as travel cancellation, loss of luggage and travel documents, etc.

Tourism development is a key driver of the travel insurance market, in addition to the growing government initiative, for example, to visit some countries such as Luxembourg, USA, Belgium, France and others, travel insurance is required to obtain a visa.

Request For Sample@ https://bit.ly/3tXcKeo

GLOBAL TRAVEL INSURANCE MARKET DYNAMICS

• Various factors driving market growth include increased penetration of smartphones and the Internet to purchase travel insurance online through the company website and airline websites.

• In addition, rising disposable income, a wide range of vacation offers and online travel reservations are also driving its growth. Given that poor customer service, lack of knowledge of travel insurance policies, travel insurance premium rates are some of the factors holding back market growth during the forecast period.

• In contrast, technological developments such as the global positioning system (GPS) data analytics, artificial intelligence (AI), application programming interface (API) and geo-location include a great opportunity for players operating on the global travel insurance market.

IMPACT OF COVID-19 ON TRAVEL INSURANCE MARKET

COVID19 has severely affected travel insurance providers as most of the countries closed their borders in order to combat its spread.

Industry giants such as Zurich Insurance Group saw profits drop by 40% as travel insurance demand fell by driven by a sharp decline in CoverMore sales, as well as a reduction in life insurance operations due to unfavorable disability claims. This led to a 56% decline in earnings for the Asia-Pacific business.

A travel insurance package, which includes travel safety, medical care for Covid19, and luggage and personal belongings insurance, typically costs 4% to 8% of the dollar value of the trip. Many major providers such as AXA Assistance USA, Berkshire Hathaway Protection Plan, Seven Corners and Generali have changed their policies to treat Covid19 infection as unforeseen like any other disease or virus.

GLOBAL TRAVEL INSURANCE COMPETITIVE LANDSCAPE

The key players in the travel insurance market are Allianz Group, American International Group Inc., Association Generali S.P.A, AXA, Insure and Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, Travel Safe Insurance, USI Insurance Services, and Zurich Insurance Co. Limited.

COMPANIES PROFILED
• Allianz Group
• American International Group Inc.
• Association Generali S.P.A
• AXA
• Insure and Go Insurance Services Limited
• Seven Corners Inc.
• Travel Insured International
• Travel Safe Insurance
• USI Insurance Services
• Zurich Insurance Co. Limited

Read More Information: https://mobilityforesights.com/product/travel-insurance-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Travel Insurance Market Top Key Players - Allianz Group, American International Group Inc., Association Generali S.P.A, AXA, Insure and Go Insurance Services Limited here

News-ID: 2401104 • Views: 382

More Releases from Mobility Foresights

Air To Air Refueling Market Top Key Players - Thales Group, Boeing Company, L3Ha …
Refueling in an airplane is nothing new, but the technology has advanced significantly since the first airborne refueling operation. Moving gasoline from a tank to another aircraft by air refueling or air refueling is called air refueling (receiver). Airborne refueling has been used by military aircraft for almost a century. Airborne refueling, often known as airborne refueling, is the transfer of gasoline from a refueling aircraft to another aircraft. The
Bus Seats Market Top Key Players - Harita Seating Systems, Franz Kiel GmbH, Comm …
The reclining market is expected to generate higher returns than other types of seats on the market during the forecast period. Reclining seats are flexible and comfortable for long-distance travel; There is also a high demand for these seats from bus manufacturers. The conventional passenger seat market is expected to grow second fastest over the forecast period. The Asia-Pacific region is expected to have the largest share of the bus seat
Home Elevator Market Top Key Players - Mitsubishi Electric, Access Elevator Inc, …
The Home Elevator Market works according to personal requirements and technology to enhance vertical or ultimately horizontal mobility solutions in a residential or commercial space. One or more people can navigate vertically up and down the floors of a home using a home elevator, similar to that of a department store, large office building, or airport. Some are designed to be used while seated, but others can be used while
Satellite Communication System Market Top Key Players - SES S.A., Viasat, Inc., …
Satellites are space relay stations for transmitting voice, image and data. You can meet the global communication needs of military, government and commercial organizations as they offer affordable, scalable and highly reliable broadcast services that can easily reach multiple locations in wide geographic regions. Transmissions made possible by satellite communication systems can bypass the often imperfect and unstable terrestrial infrastructure in the world. By using satellites, companies can quickly and easily

All 5 Releases


More Releases for Insurance

Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. Get Access to Report Sample: http://bit.ly/2Q9Hd8z Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been
Insurance Company Profile-Hastings Insurance
Insurance Company Profile: Hastings Insurance Summary "Insurance Company Profile: Hastings Insurance", profile provides a comprehensive review of the company and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Hastings Group is a general insurance provider in the UK offering car, van, bike, and home insurance products. It operates through two subsidiaries: Hastings Insurance Services and
Landlord Insurance Market: Allianz, NRMA Insurance, QBE, Travelers Insurance, AA …
MarketResearchReports.Biz adds “Global Landlord Insurance Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Landlord Insurance market and the growth estimates for the forecasted period. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research
Insurance Market-Saga’s Retail Broking Business Offers Motor Insurance, Pet In …
Orbis Research Market brilliance released a new research report of 33 pages on title ‘Insurance Company Profile: Saga’ with detailed analysis, forecast and strategies. Insurance Company Profile: Saga", profile provides a comprehensive review of Saga and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Request a sample of this report at http://orbisresearch.com/contacts/request-sample/2026595 Saga
Insurance Market Behaviour & Health Insurance
Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an intensive 5 days Executive Development Programme on Insurance Market Behaviour & Health Insurance, Organized by the Insurance Foundation of India (IFI). Professor Howard Bolnick, who taught at the Kellogg School of Management for 13 years and is an international authority on Healthcare will be teaching an