Travel Insurance Market By Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, and Long-Stay Travel Insurance), Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, and Insurance Aggregators), and End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider Travel Insurance market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Travel Insurance market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Travel insurance is an insurance product, which is designed to cover unforeseeable events incurred while travelling, either internationally or domestically. Generally, it provides coverages for emergency medical expenses, trip cancellation, flight delays, lost luggage, public liability, and other expenses to minimize the risks during travel. In addition, depending on coverages, travel insurance providers offer different plans by covering costs and losses associated with traveling.
Further, several intermediaries in distribution channel such as insurance aggregators, banks, insurance brokers providing consumers with various options to compare products and prices, suggest suitable policies, and others. Moreover, international travel insurance is mandatory for tourists who visit countries such as Thailand, Cuba, Antarctica, Schengen countries, the U.S., and UAE.
Increased usage of smartphones and internet for online travel insurance purchases via direct airline sites, online travel agencies (OTAs), and company websites & applications are gaining momentum space and are contributing to the growth of the online travel insurance market. In addition, rise in tourism due to an increase in disposable income, easy online travel bookings, package holidays, extensive coverage of holidays, and others also drive the market growth.
With an increase in tourism, several incidences such as trip cancellations, loss of luggage & important documents, medical emergencies, and others take place. To mitigate these risks, consumers opt for travel insurance, which is a significant driving factor for the travel insurance market. However, lack of awareness toward travel insurance policies, low consumer experiences in terms of coverages, premium rates, and services by third-party providers of travel insurance remains a primary concern, as a result, these factors limit the growth of travel insurance premium in the market.
On the contrary, technological developments such as geo-location, application program interface (API), artificial intelligence (AI), data analytics, and global positioning system (GPS) among others are providing innovative opportunities for insurers in the market. The insurers are expected to enhance existing distribution platforms of travel insurance to accelerate productivity and provide seamless user experiences with the help of digital technologies. Thus, these factors are expected to provide lucrative opportunities during the forecast period.
The global travel insurance market is segmented on the basis of insurance cover, distribution channel, end user, and region. In terms of insurance cover, it is segmented into single trip travel insurance, annual multi-trip travel insurance, and long-stay travel insurance. Based on distribution channel, the market is segmented into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators. On the basis of end user, it is segmented into senior citizens, education travelers, business travelers, family travelers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the global travel insurance market analysis are Allianz Group, American International Group Inc., Assicurazioni Generali S.P.A, AXA, Insure & Go Insurance Services Limited, Seven Corners Inc., Travel Insured International, TravelSafe Insurance., USI Insurance Services, Zurich Insurance Co. Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global travel insurance market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter;s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global travel insurance market from 2020 to 2027 is provided to determine the market potential.
Travel Insurance Market Key Segments
By Insurance Cover
- Single-Trip Travel Insurance
- Annual Multi-Trip Travel Insurance
- Long-Stay Travel Insurance
By Distribution Channel
- Insurance Intermediaries
- Insurance Companies
- Insurance Brokers
- Insurance Aggregators
By End User
- Senior Citizens
- Education Travelers
- Business Travelers
- Family Travelers
Key Market Players
- Allianz Group
- American International Group Inc.
- Assicurazioni Generali S.P.A
- Insure & Go Insurance Services Limited
- Seven Corners Inc.
- Travel Insured International
- TravelSafe Insurance.
- USI Insurance Services
- Zurich Insurance Co. Limited
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
Market Behavior/ Level of Risk and Opportunity
End Industry Behavior/ Opportunity Assessment
Expected Industry Recovery Timeline
Business Impact Horizon
Opening of Economy by Q3 2020
Recovery - Opening of Economy extended till Q4 2020 / Q1 2021
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Travel Insurance Market Report:
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.1.Top impacting factors
2.1.2.Top investment pockets
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping the travel insurance market
3.3.Value chain analysis
3.3.2.Pricing & underwriting
3.3.4.Administration & claims management
22.214.171.124.Rapid growth in tourism
126.96.36.199.Convenient shopping due to online comparison sites
188.8.131.52.Travel rule and regulations
184.108.40.206.Lack of awareness regarding travel insurance policy
220.127.116.11.Expansion of products and services
18.104.22.168.New technological developments in the travel insurance industry
3.5.COVID-19 impact analysis on travel insurance market
3.5.1.Impact on travel & tourism industry
3.5.2.Impact on travel insurance market size
3.5.3.Change in travelers trends, preferences, and budget impact due to COVID-19
3.5.4.Framework for solving market challenges faced by travel insurance providers and policy adopters
3.5.5.Economic impact on travel insurers
3.5.6.Key player strategies to tackle negative impact in the industry
3.5.7.Opportunity analysis for travel insurance policy providers
CHAPTER 4:TRAVEL INSURANCE MARKET, BY INSURANCE COVER
4.2.Single-trip travel insurance
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Annual multi-trip travel insurance
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.Long-stay travel insurance
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
CHAPTER 5:TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country
CHAPTER 6:TRAVEL INSURANCE MARKET, BY END USER
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country
CHAPTER 7:TRAVEL INSURANCE MARKET, BY REGION
7.1.1.Market size and forecast, by region
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by insurance cover
7.2.3.Market size and forecast, by distribution channel
7.2.4.Market size and forecast, by end user
7.2.5.Market analysis, by country
22.214.171.124.1.Market size and forecast, by insurance cover
126.96.36.199.2.Market size and forecast, by distribution channel
188.8.131.52.3.Market size and forecast, by end user
184.108.40.206.1.Market size and forecast, by insurance cover
220.127.116.11.2.Market size and forecast, by distribution channel
18.104.22.168.3.Market size and forecast, by end user
22.214.171.124.1.Market size and forecast, by insurance cover
126.96.36.199.2.Market size and forecast, by distribution channel
188.8.131.52.3.Market size and forecast, by end user
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by insurance cover
7.3.3.Market size and forecast, by distribution channel
7.3.4.Market size and forecast, by end user
7.3.5.Market analysis, by country
184.108.40.206.1.Market size and forecast, by insurance cover
220.127.116.11.2.Market size and forecast, by distribution channel
18.104.22.168.3.Market size and forecast, by end user
22.214.171.124.1.Market size and forecast, by insurance cover
126.96.36.199.2.Market size and forecast, by distribution channel
188.8.131.52.3.Market size and forecast, by end user
184.108.40.206.1.Market size and forecast, by insurance cover
220.127.116.11.2.Market size and forecast, by distribution channel
18.104.22.168.3.Market size and forecast, by end user
22.214.171.124.1.Market size and forecast, by insurance cover
126.96.36.199.2.Market size and forecast, by distribution channel
188.8.131.52.3.Market size and forecast, by end user
184.108.40.206.1.Market size and forecast, by insurance cover
220.127.116.11.2.Market size and forecast, by distribution channel
18.104.22.168.3.Market size and forecast, by end user
22.214.171.124.1.Market size and forecast, by insurance cover
126.96.36.199.2.Market size and forecast, by distribution channel
188.8.131.52.3.Market size and forecast, by end user
184.108.40.206.Rest of Europe
220.127.116.11.1.Market size and forecast, by insurance cover
18.104.22.168.2.Market size and forecast, by distribution channel
22.214.171.124.3.Market size and forecast, by end user
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by insurance cover
7.4.3.Market size and forecast, by distribution channel
7.4.4.Market size and forecast, by end user
7.4.5.Market analysis, by country
126.96.36.199.1.Market size and forecast, by insurance cover
188.8.131.52.2.Market size and forecast, by distribution channel
184.108.40.206.3.Market size and forecast, by end user
220.127.116.11.1.Market size and forecast, by insurance cover
18.104.22.168.2.Market size and forecast, by distribution channel
22.214.171.124.3.Market size and forecast, by end user
126.96.36.199.1.Market size and forecast, by insurance cover
188.8.131.52.2.Market size and forecast, by distribution channel
184.108.40.206.3.Market size and forecast, by end user
220.127.116.11.1.Market size and forecast, by insurance cover
18.104.22.168.2.Market size and forecast, by distribution channel
22.214.171.124.3.Market size and forecast, by end user
126.96.36.199.Rest of Asia-Pacific
188.8.131.52.1.Market size and forecast, by insurance cover
184.108.40.206.2.Market size and forecast, by distribution channel
220.127.116.11.3.Market size and forecast, by end user
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by insurance cover
7.5.3.Market size and forecast, by distribution channel
7.5.4.Market size and forecast, by end user
7.5.5.Market analysis, by country
18.104.22.168.1.Market size and forecast, by insurance cover
22.214.171.124.2.Market size and forecast, by distribution channel
126.96.36.199.3.Market size and forecast, by end user
188.8.131.52.1.Market size and forecast, by insurance cover
184.108.40.206.2.Market size and forecast, by distribution channel
220.127.116.11.3.Market size and forecast, by end user
18.104.22.168.1.Market size and forecast, by insurance cover
22.214.171.124.2.Market size and forecast, by distribution channel
126.96.36.199.3.Market size and forecast, by end user
CHAPTER 8:COMPETITIVE LANDSCAPE
8.1.1.Market player positioning, 2019
8.1.2.Top winning strategies
CHAPTER 9:COMPANY PROFILES
9.1.3.Operating business segments
9.1.6.Key strategic moves and developments
9.2.AMERICAN INTERNATIONAL GROUP, INC.
9.2.3.Operating business segments
9.2.6.Key strategic moves and developments
9.3.3.Operating business segments
9.3.6.Key strategic moves and developments
9.4.ASSICURAZIONI GENERALI S.P.A.
9.4.5.Key strategic moves and developments
9.5.INSURE & GO INSURANCE SERVICES LIMITED
9.6.SEVEN CORNERS INC.
9.6.4.Key strategic moves and developments
9.7.TRAVEL INSURED INTERNATIONAL
9.7.4.Key strategic moves and developments
9.9.USI INSURANCE SERVICES
9.10.ZURICH INSURANCE CO. LIMITED
9.10.3.Operating business segments
9.10.6.Key strategic moves and developments
........and view more in complete table of Contents
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Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)