Tourism Insurance Market Size, Status and Future Outlook 2027 | Allianz, Munich RE, Generali, AXA, Hanse Merkur, Groupama

The Tourism Insurance Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. As per our analysis, this industry will recover post-COVID, and this market will flourish during the forecast period.

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“Tourism Insurance Market size was valued at $19.2 billion in 2019 and is projected to reach $39.3 billion by 2027, growing at a CAGR of 17.4% from 2020 to 2027.”

Top leading Companies Profiled in Tourism Insurance Market Report are Allianz, Munich RE, Generali, AXA, Hanse Merkur, Groupama, Mapfre Asistencia, AIG, CSA Travel Protection, USI Affinity, Seven Corners, MH Ross, Tokio Marine, Sompo Japan, Pingan Baoxian, STARR, Insubuy

Latest Update and Developments

IRDAI introduces standard travel insurance policies to help consumers- The standard travel cover will come with single premium payment option which will be collected in advance. There will be no restrictions on minimum and maximum age of entry. However, the proposer needs to be at least 18 years of age.

10 September 2021 Space tourism launches opportunities for insurance market- The launch of two of the world’s richest men into low space orbit has officially opened the commercial space tourism sector, with insurers now having to explore how to cover the risks of this emerging market arena.

BATTLEFACE LAUNCHES TRAVEL INSURANCE FOR SPACE TOURISM- “Existing policies for space travellers have historically been rare, with most of those policies covering satellites and non-human cargo. As the demand for private astronaut trips grows, that will change, and Battleface will be there with peace of mind for people traveling into space,” says Battleface on its website.

Market Overview

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.

Tourism has become the largest component of international trade in services, constituting 25% of total share. Thus, tourism growth has provided an impetus to travel insurance companies to capitalize on the rising demand for insurance among travellers. The rising awareness amongst young travellers regarding the need to secure their travel against medical and non-medical contingencies is a major factor driving the growth of global travel insurance industry.

Market Research Study Focus on these Types:

Medical Expense

Trip Cancellation

Trip Delay

Property Damage

Others

Market Research Study Focus on these Applications:

Domestic Tourism

Oversea Tourism

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Tourism Insurance Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Tourism Insurance market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Tourism Insurance market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Tourism Insurance

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Tourism Insurance Market Table of Contents:

─Executive Summary of
─Market Landscape
─Tourism Insurance Market Sizing
─Porter’s Five Forces Analysis
─Tourism Insurance Market Segmentation by End-user, by Platform, by Objective
─Customer landscape
─Geographic Landscape
─Vendor Landscape and Analysis
─Appendix

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research. Get a quick outlook on the Piezoelectric Actuators market– Mergers & Acquisitions, deals, partnerships, product launches of all key players for the past 5 years.

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sales@marketinsightsreports.com | irfan@marketinsightsreports.com

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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