Press release
Annual Travel Insurance Market Size, Demands, Trends, Key Players, Covid-19 Impact and Forecasts to 2027 | Allianz, AIG, Munich RE
Several distribution channel intermediaries, such as insurance aggregators, banks, and insurance brokers, provide consumers with a variety of options for comparing products and prices, suggesting appropriate policies, and so on. Furthermore, travel insurance providers offer a variety of plans that cover costs and losses based on the policy's coverages.Convenient options for consumers to purchase travel insurance via online comparison-shopping sites such as direct airline sites and online travel agencies (OTAs), company websites and applications, and others fuel the growth of the travel insurance market.
Annual Travel Insurance Market size was valued at $19.2 billion in 2021 and is projected to reach $39.3 billion by 2027, growing at a CAGR of 17.4%
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Top Key Players Profiled in This Report: Allianz, AIG, Munich RE, Generali, Tokio Marine, Sompo Japan, CSA Travel Protection, AXA, Pingan Baoxian, Mapfre Asistencia, USI Affinity, Seven Corners, Hanse Merkur
One of the most comprehensive and important additions to market research is the Global Annual Travel Insurance Market. It provides detailed analyses and assessments of the global market's major components. In order to provide a comprehensive assessment of the industry, the market experts who wrote this report provided in-depth data on the major growth drivers, constraints, challenging situations, trends, and opportunities. Participants in the market can use market dynamics analysis to develop effective boom strategies and plan for future difficult periods. Each market is carefully evaluated and explored with the assistance of market analysts.
Annual Travel Insurance Market, By Segmentaion:
Market segment by Type, covers
Personal Insurance
Group Insurance
Market segment by Application, can be divided into
Insurance Intermediaries
Insurance Company
Bank
Insurance Broker
Others
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In the global Annual Travel Insurance Market, North America had one of the largest revenue shares. This is due to the region's large number of significant market participants, constant focus on technological advancements, and rising consumer goods demand. Over the forecast period, Asia Pacific market revenue is expected to grow at a rapid CAGR, accounting for roughly half of global revenue. A key driver of market growth in this domain is the expanding expansion across various sectors.
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