Trip Cancellation Insurance Market 2021 Industry Scenario, Strategies, Growth Factors and Forecast 2027 | Allianz, Munich Re Group, AIG, Assicurazioni Generali

The “Global Trip Cancellation Insurance Market ″ analysis to 2027 is a specialized and in-depth study of the industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Trip Cancellation Insurance market with detailed market segmentation by type, application, and geography. The global Trip Cancellation Insurance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The analysts forecast the global Trip Cancellation Insurance market to grow at a CAGR of 18.34 % during the period 2021- 2027.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG (Boston Consulting Group) matrix, SCOT analysis (Strengths, Challenges, Opportunities, and Threats.), PESTLE analysis, and so on. The statistics are represented in graphical format for a clear understanding of facts and figures

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By Company:

Allianz, Munich Re Group, AIG, Assicurazioni Generali, Prudential, ACE&Chubb, Manulife, UnitedHealthcare Global, Mapfre, China Pacific insurance, Hanse Merkur, Ping An Insurance (Group) Company of China, People's insurance company of China, China Life, So

INDUSTRY NEWS

Allianz has acquired 8 companies, including 6 in the last 5 years. It has also divested 6 assets.

Allianz’s largest acquisition to date was in 2021, when it acquired Aviva sp. Z o. o. for $3.0B. It’s largest disclosed sale occurred in 2017, when it sold Oldenburgische Landesbank AG to Bremer Kreditbank Ag for $338M. Allianz has acquired in 1 US state, and 8 countries. The Company’s most targeted sectors include insurance (63%) and financial services (25%).

MARKET OVERVIEW

Several intermediaries in distribution channel such as insurance aggregators, banks, insurance brokers providing consumers with various options to compare products and prices, suggest suitable policies, and others. In addition, travel insurance providers offer different plans by covering costs and losses depending on coverages in the policy. 

Convenient options provided to the consumers for travel insurance purchases via online comparison-shopping sites such as direct airline sites and online travel agencies (OTAs), company websites & applications, and others fuel the travel insurance market growth. In addition, rise in tourism due to increase in disposable income, easy online travel bookings, package holidays, extensive coverage of holidays, and others also drive the market growth. 

Segment by Type:

Injury or Unforeseen Medical Condition

Death

Strikes or Severe Weather

Unforeseen Natural Disasters

Legal Obligation

Segment by Application:

Trip Cancellation Insurance

Regional Analysis of Global Trip Cancellation Insurance Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Trip Cancellation Insurance market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and the Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Below are some of the silent features of the report:

- In-depth analysis of global market potential and risk.

- Ongoing research and big events on the Trip Cancellation Insurance market.

- In-depth scrutiny of plans to expand the market for industry-leading players.

- Crucial research on the development path of the Trip Cancellation Insurance market in the coming years.

- In-depth knowledge of the industry with specific drivers, limitations, and global micro markets.

- The positive sentiment of the current dynamics in technology and industry is influencing the Trip Cancellation Insurance market.

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Some Points from Table of Content

1 Report Overview

2 Global Trip Cancellation Insurance Growth Trends

2.1 Global Trip Cancellation Insurance Market Perspective (2016-2027)

2.2 Trip Cancellation Insurance Growth Trends by Regions

2.2.1 Market Size by Regions: 2016 VS 2021 VS 2027

2.2.2 Trip Cancellation Insurance Historic Market Share by Regions (2016-2021)

2.2.3 Trip Cancellation Insurance Forecasted Market Size by Regions (2022-2027)

2.3 Trip Cancellation Insurance Industry Dynamic

2.3.1 Market Trends

2.3.2 Market Drivers

2.3.3 Market Challenges

2.3.4 Market Restraints

3 Competition Landscape by Trip Cancellation Insurance Market Key Players

3.1 Global Top Trip Cancellation Insurance Players by Revenue

3.1.1 Global Top Players by Revenue (2015-2021)

3.1.2 Global Revenue Market Share by Players (2015-2021)

3.2 Global Market Share by Company Type

3.3 Players Covered: Ranking by Revenue

3.4 Global Trip Cancellation Insurance Market Concentration Ratio

3.5 Key Players Head office and Area Served

3.6 Key Players Product Solution and Service

3.7 Date of entering into Market

3.8 Mergers & Acquisitions, Expansion Plans

4 Trip Cancellation Insurance Breakdown Data by Type

4.1 Historic Market Size by Type (2016-2021)

4.2 Forecasted Market Size by Type (2022-2027)

5 Trip Cancellation Insurance Breakdown Data by Application

5.1 Historic Market Size by Application (2016-2021)

5.2 Forecasted Market Size by Application (2021-2027)

6 Key Players Profiles

7 Analyst's Viewpoints/Conclusions

8 Appendix

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