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Travel Cancellation Insurance Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Travel Cancellation Insurance MarketTravel Cancellation Insurance is an insurance product designed to provide the individual or group purchasing the insurance with financial protection against the cancellation or interruption of travel under certain circumstances. This type of insurance typically covers the inability to proceed with a planned trip due to accident, illness, emergency, or other specified reasons. Policies often include refunds or expense reimbursement to mitigate the financial losses that may occur due to a canceled trip.
According to new survey, global Travel Cancellation Insurance market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029.
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Key companies engaged in the Travel Cancellation Insurance industry include AIG, Allianz, Prudential, Munich Re Group, ACE&Chubb, Assicurazioni Generali, Mapfre, Manulife and AXA, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of Travel Cancellation Insurance were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Travel Cancellation Insurance market and estimated to attract more attentions from industry insiders and investors.
By Type
• Full Refund Cancellation Insurance
• Travel Interruption Cancellation Insurance
• Disaster Cancellation Insurance
By Application
• Family Travel
• Business Travel
Key Companies
AIG, Allianz, Prudential, Munich Re Group, ACE&Chubb, Assicurazioni Generali, Mapfre, Manulife, AXA, UnitedHealthcare Global, Tokio Marine Holdings, Hanse Merkur, Sompo Japan Nipponkoa, China Life, China Pacific Insurance
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