Travel Insurance Market 2017 Emerging Trends & New Investment Projects Review

Big Market Research include new market research report" Travel Insurance Industry Development and Investment Report, 2017-2022

Travel insurance covers expenses incurred and minimizes the risks during travel. It acts a cushion in situations such as trip cancellation due to medical emergency, loss of baggage, evacuation due to medical condition or hijack, and loss of travel documents among others. In addition, travel insurance is mandatory for tourists, who visit countries such as the U.S., Denmark, France, Germany, Greece, Italy, Canada, and Australia for business, education, holidays, or visiting friends and relatives (VFR).

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Growth in tourism, rise in globalization, and trade practices have made this industry more attractive. Moreover, increase in number of senior citizens going abroad has propelled the growth of the travel insurance industry as they have become more informed about the insurance plans and the related benefits.

The major challenge faced by the players, who operate in the market is shipping of policies on time owing to the rise in the number of insures. To increase their outreach, the market players venture into tie-ups with travel agents to cut down time and cost incurred during distribution of travel insurance policies. The evolving trend of unconventional expenses being insured has resulted in a large number of consumers to opt for travel insurance, thereby offering business opportunities for insurance companies.

The report analyses the travel insurance market on the basis of insurance cover, distribution channels, users, and geography. Based on insurance cover, the market is classified into single trip travel insurance, annual multi-trip travel insurance and long stay travel insurance. Insurance policies are sold through different distribution channels such as insurance intermediaries, insurance company, bank, insurance broker, insurance aggregator, and others. Users who opt for travel insurance policies are backpackers, senior citizens, education travelers, business traveler, fully independent travelers, and family travelers. The market has further been analyzed across geographical regions namely North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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KEY PLAYERS
CSA Travel Protection
USI Affinity
Seven Corners Inc.
Travel Safe
MH Ross
Allianz Global Assistance
Travel Insured International
AXA SA
AIG Travel
InsureandGo.

Key Points from Table of Contents:

CHAPTER 5 WORLD TRAVEL INSURANCE MARKET BY USERS

5.1 Senior citizens
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast

5.2 Education travelers
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast

5.3 Business travelers
5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast

5.4 Backpackers
5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast

5.5 Family travelers
5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast

5.6 Fully independent travelers
5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast

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