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Italy Travel Insurance Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
The Italy travel insurance market size was valued at $440 million in 2019 and is projected to reach $909 million by 2027, growing at a CAGR of 17.5% from 2020 to 2027.Get Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-0I211/Italy_Travel_Insurance_Market_by_Product_Type_Single_Trip_Travel_Insurance_Annual_Multi_Trip_Travel_Insurance_and_Long_stay_Travel_Insurance_by_Distribution_Channel_Insurance_Intermediaries_Insurance_Company_Bank_Insurance_Broker_Insurance_Aggregator_and_Others_and_End_User_Senior_Citizen_Education_Traveler_Backpackers_Business_Traveler_Family_Traveler_and_Fully_Independent_Traveler_Opportunity_Analysis_and_Industry_Forecasts_2016_2023
Travel insurance is a type of insurance that provides protection for those traveling domestically or abroad. Primarily, it covers the costs & losses such as loss of baggage, evacuation due to medical condition or hijack, trip cancellation due to medical emergency, loss of travel documents, and other such losses associated with traveling. Key players in the country offer different plans by covering costs and losses depending on coverages in the policy.
Increase in tourism result in several incidences such as health issues, cancelled flights, accidents, theft or loss of baggage, natural calamities, and other such occurrences of uncertainties during travel. Therefore, to mitigate the risks associated with such incidences, consumers are opting for travel insurance, which is acting as a prime driver for the Italy travel insurance market. However, relaxed norms & low fluctuation in rates due to large number of competitors and lack of awareness regarding various insurance schemes and benefits of travel insurance have resulted in decline of gross written premium in the Italy travel insurance market.
BY INSURANCE COVER
• Single-Trip Travel Insurance
• Annual Multi-Trip Travel Insurance
• Long-Stay Travel Insurance
BY DISTRIBUTION CHANNEL
• Insurance Intermediaries
• Insurance Companies
• Banks
• Insurance Brokers
• Insurance Aggregators
BY DISTRIBUTION MODE
• Business-to-Business (B2B)
• Business-to-Consumer (B2C)
• Business-to-Business-to-Consumer (B2B2C)
BY END-USER
• Senior Citizens
• Education Travelers
• Business Travelers
• Family Travelers
• Others
KEY MARKET PLAYERS
• Allianz
• American International Group Inc.
• AXA
• ASSICURAZIONI GENERALI S.P.A.
• Cattolica Assicurazioni
• Columbus Direct
• ERGO Group AG
• IMA Italia Assistance S.p.A.
• Insure & Go Insurance Services Limited
• Italy Travel Company
• MAPFRE
• Nobis Insurance Company SpA
• Reale Mutua Assicurazioni
View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-0I211/italy-travel-insurance
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