Skip to main content

Travel Insurance Market Expected to reach US$ 40,067.4 Mn by 2025, expanding at a CAGR of 9.9% from 2017 to 2025.

Nowadays travel has become a key part of academics, businesses, and personal life, exposing people to travel related contingencies. In order to mitigate the risks associated, it’s always a better option to buy a travel insurance plan. Travel insurance offers insurance protection while you travel. It is important to understand whether the policy covers domestic travel or overseas travel or both. Travel insurances helps in protecting families and individuals against travel related accidents, unexpected medical expenditure during travel, losses such as baggage loss, loss of passport, etc. and also interruption or delays in flights or delayed arrival of baggage etc. The global market is at a growing stage and is an extremely attractive market thereby supporting the increase in the tourism growth levels and the business travels during the forecast period. In terms of revenue, 

Global Travel Insurance Market was valued at US$ 17,530.5 Mn in 2016 and is expected to reach US$ 40,067.4 Mn by 2025, expanding at a CAGR of 9.9% from 2017 to 2025.

The Global Travel Insurance Market is enhanced by factors such as:
•             Growing tourist traffic.
•             Rise in globalization.
•             Increased incidences of loss of luggage.

Get Sample Report on the below mentioned link @ https://www.researchnreports.com/request_sample.php?id=166266

Based on distribution channel segmentation, in 2015, traditional channel encompassing insurance intermediaries consisting of tour operators and travel agents accounted for around half of the overall sale of travel insurance policies and is projected to lead the market throughout the prognosis period. Insurance aggregators is anticipated to be the fastest growing channel owing to the widening usage of internet worldwide.

On the basis of end-user segmentation, senior citizens offer immense opportunity for travel insurance companies as they have been identified as the major buyers of long-duration travel insurance policies. Leisure and medical treatment are key reasons for senior citizens to travel. After working diligently for decades, the Gen S individuals seek to travel and explore exotic locations and cherish these experiences forever.

Among trip type, the single trip travel insurance policy dominated the market in the previous years, accounting for around 71% of the overall market revenue owing to increase in popularity and affordability of constant city breaks, upsurge in family travelers, shopping trips abroad, and winter sun holidays. Further, the annual multi trip travel insurance policies are expected to be the fastest growing policy type during the forecast period.


Geographically, all Asia-Pacific economies would see a significant increase in the number of older people and this trend would be particularly observed in Singapore, China, and Korea. The over 50s, and more precisely the over 65s, shall account for an increasingly significant portion of leisure travelers predominantly in Australia and Japan, where over 65s now account for over 20% of all leisure travelers.


Some of the leading players operating in the Global Travel Insurance Market include CSA Travel Protection, USI Affinity, Seven Corners Inc., Travel Safe, MH Ross, Allianz Global Assistance, Travel Insured International, AIG Travel, and InsureandGo.

Comments

Popular posts from this blog

Global Epoxy Curing Agents Market - Projected to Scale-Up by construction, adhesive, Wind Energy Application to 2022.

“Global Epoxy Curing Agents Market Market Professional Survey Report 2017-2022” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Global Epoxy Curing Agents market   Report is a professional and in-depth research report on the world’s major regional market conditions of the Epoxy Curing Agents market, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). Based on application, the wind energy segment is projected to witness the highest growth from 2017 to 2022, both in terms of value and volume. Wind blades manufacturing is one of the major applications for epoxy curing agents. The depletion of fossil fuels and their volatile prices have resulted in increased energy cost with rise in demand. This research report provides an in-depth analysis of the global Epoxy Curing Agents Market based on enterprise size, services, solution, end-use industry, and geography. The report also prov...

Glass Fiber Reinforced Gypsum Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025

Glass Fiber Reinforced Gypsum (GFRG) is a composite application utilizing naturally occurring mineral gypsum combined with reinforcing fibers. It may also contain polymers to increase product strength. The molding process can be either hand lay-up or a chopped strand spray method. Stereotypically, the end product is used for indoor applications with negligible exposure to moisture or other environmental elements. Completed composites are in the form of ornamental or decorative columns, pillars and facades. With the slowdown in world economic growth, the global market has also suffered a certain impact, but still maintained a relatively optimistic growth. In terms of revenue, the Global Glass Fiber Reinforced Gypsum Market was valued at US$ 458.49 Mn in 2016 and is expected to reach US$ 888.35 Mn by 2025, expanding at a CAGR of 7.6% from 2017 to 2025. The Global Glass Fiber Reinforced Gypsum Market is boosted by factors such as: ·       ...

Global Arcylamide Market for Applications like Waste & Wastewater Treatment, Pulp & Paper, Printing & Dyeing, Solid Crystalline - Analysis of Top Key Players and Forecast to 2022

This report comprises a comprehensive outline of the current state of the   Global Arcylamide market   and projects its growth and every other central elements across major provincial markets. It presents an immense amount of market information that has been collected with the help of countless number of prime and subordinate research techniques. The statistics of this report has been tapered down using numerous industry based analytical procedures. An in depth synopsis of key market drivers, inclinations, manacles are provided and the study analyzes the way they shake the Global Arcylamide market in an affirmative as well as an adverse way. The topographies which are enclosed in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Taking into consideration the given prediction period and specifically studying each and every data annually, a report is been enlisted to ensure the data is well anticipated by clients. Increasing u...