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Sep 8, 2020 11:36 AM ET

Travel Insurance Market in Italy Increasing Demand With Leading Key Players – Allianz, American International Group, Inc. , AXA, ASSICURAZIONI GENERALI S.P.A.




iCrowd Newswire - Sep 8, 2020

The ‘ Italy Travel Insurance market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Italy Travel Insurance market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Italy Travel Insurance market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.

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Travel Insurance Market

Key Segments Studied in the Italy Travel Insurance Market:

Travel insurance covers the cost incurred due to any problematic incidents while traveling. It includes trip cancellation losses, loss of baggage, medical treatment of patients, and loss of travel documents, evacuation, or deportation during an emergency, and other unavoidable conditions. In the coming years, the Italy travel insurance market is projected to grow at a significant rate owing to its low penetration rate and increase in the tourism industry. In addition, Italy is a unitary parliamentary republic in Europe, therefore demand for travel & tourism largely takes place in the country.

The growth of the Italy travel insurance market is largely attributed to the growth in trends for availing travel insurance as a prerequisite for obtaining Visa in the country. In addition, depending on coverages, travel insurance providers in the country offer different plans by covering costs and losses associated with traveling. Further, several intermediaries in distribution channel such as insurance aggregators, banks, insurance brokers provide consumers with various options to compare products and prices, suggest suitable policies, and others.

However, lack of awareness regarding various insurance schemes and benefits of travel insurance are expected to hamper the growth of the Italy travel insurance market. Moreover, relaxed norms and low fluctuation in rates due to large number of competitors have resulted in decline of gross written premium in the Italy travel insurance market.

Conversely, technological developments such as artificial intelligence (AI), data analytics, geo-location, application program interface (API), and  positioning system (GPS), among others are providing innovative opportunities for insurers in the market. The insurers in the country 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 Italy travel insurance market is segmented on the basis of insurance cover, distribution channel, distribution mode, and end user. 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, it is classified into insurance intermediaries, insurance companies, banks, insurance brokers, and insurance aggregators.

On the basis of distribution mode, it is segmented into business-to-business (B2B), business-to-consumer (B2C), and business-to-business-to-consumer (B2B2C). Based on end user, it is segmented into senior citizens, education travelers, business travelers, family travelers, and others.

The key players profiled in the Italy travel insurance market analysis are 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, and Reale Mutua Assicurazioni. 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 Italy 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 Italy travel insurance market from 2020 to 2027 is provided to determine the market potential.

Italy Travel Insurance Market Segments

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

Impact of COVID-19 on the  Market

The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Italy Travel Insurance Market Report: Study Explore COVID 19 Outbreak Impact Analysis

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Key market segments

1.4. Research methodology

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors

2.1.2. Top investment pockets

 

2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key forces shaping the Italy travel insurance market

3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Rapid growth in tourism

3.3.1.2. Convenient shopping due to online comparison sites

3.3.1.3. Travel rule and regulations

3.3.2. Restraint

3.3.2.1. Lack of awareness regarding travel insurance policy

3.3.3. Opportunities

3.3.3.1. Expansion of products and services

3.3.3.2. New technological developments in the Italy travel insurance industry

3.4. COVID-19 impact analysis on Italy travel insurance market

3.4.1. Impact on travel & tourism industry

3.4.2. Impact on Italy travel insurance market size

3.4.3. Change in travelers; trends, preferences, and budget impact due to COVID-19

3.4.4. Framework for solving market challenges faced by travel insurance providers and policy adopters in the country

3.4.5. Economic impact on travel insurers

3.4.6. Key player strategies to tackle negative impact in the industry

3.4.7. Opportunity analysis for travel insurance policy providers

CHAPTER 4: ITALY TRAVEL INSURANCE MARKET, BY INSURANCE COVER

 

4.1. Overview

4.2. Single-trip travel insurance

4.2.1. Key market trends, growth factors, and opportunities

4.2.2. Market size and forecast

4.3. Annual multi-trip travel insurance

4.3.1. Key market trends, growth factors, and opportunities

4.3.2. Market size and forecast

4.4. Long-stay travel insurance

4.4.1. Key market trends, growth factors, and opportunities

4.4.2. Market size and forecast

CHAPTER 5: ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview

5.2. Insurance intermediaries

5.2.1. Key market trends, growth factors, and opportunities

5.2.2. Market size and forecast

5.3. Insurance companies

5.3.1. Key market trends, growth factors, and opportunities

5.3.2. Market size and forecast

5.4. Banks

5.4.1. Key market trends, growth factors, and opportunities

5.4.2. Market size and forecast

5.5. Insurance brokers

5.5.1. Key market trends, growth factors, and opportunities

5.5.2. Market size and forecast

 

5.6. Insurance aggregators

5.6.1. Key market trends, growth factors, and opportunities

5.6.2. Market size and forecast

CHAPTER 6: ITALY TRAVEL INSURANCE MARKET, BY DISTRIBUTION MODE

6.1. Overview

6.2. Business-to-business (B2B)

6.2.1. Key market trends, growth factors, and opportunities

6.2.2. Market size and forecast

6.3. Business-to-consumer (B2C)

6.3.1. Key market trends, growth factors, and opportunities

6.3.2. Market size and forecast

6.4. Business-to-business-to-consumer (B2B2C)

6.4.1. Key market trends, growth factors, and opportunities

6.4.2. Market size and forecast

CHAPTER 7: ITALY TRAVEL INSURANCE MARKET, BY END USER

7.1. Overview

7.2. Senior citizens

7.2.1. Key market trends, growth factors, and opportunities

7.2.2. Market size and forecast

7.3. Education travelers

7.3.1. Key market trends, growth factors, and opportunities

7.3.2. Market size and forecast

7.4. Business travelers

7.4.1. Key market trends, growth factors, and opportunities

7.4.2. Market size and forecast

 

7.5. Family travelers

7.5.1. Key market trends, growth factors, and opportunities

7.5.2. Market size and forecast

7.6. Others

7.6.1. Key market trends, growth factors, and opportunities

7.6.2. Market size and forecast

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction

8.1.1. Market player positioning, 2019

8.1.2. Top winning strategies

CHAPTER 9: COMPANY PROFILES

9.1. ALLIANZ GROUP

9.1.1. Company overview

9.1.2. Key executive

9.1.3. Company snapshot

9.1.5. Operating business segments

9.1.6. Product portfolio

9.1.7. Business performance

9.1.8. Key strategic moves and developments

9.2. AMERICAN INTERNATIONAL GROUP, INC.

9.2.1. Company overview

9.2.2. Key executive

9.2.3. Company snapshot

9.2.4. Operating business segments

9.2.5. Product portfolio

9.2.6. Business performance

9.2.7. Key strategic moves and developments

9.3. AXA

9.3.1. Company overview

9.3.2. Key executive

9.3.3. Company snapshot

9.3.4. Operating business segments

9.3.5. Product portfolio

9.3.6. Business performance

9.3.7. Key strategic moves and developments

9.4. ASSICURAZIONI GENERALI S.P.A.

9.4.1. Company overview

9.4.2. Key executive

9.4.3. Company snapshot

9.4.4. Product portfolio

9.4.5. Business performance

9.4.6. Key strategic moves and developments

9.5. CATTOLICA ASSICURAZIONI

9.5.1. Company overview

9.5.2. Key executive

9.5.3. Company snapshot

9.5.4. Product portfolio

9.5.5. Business performance

 

9.6. COLUMBUS DIRECT

9.6.1. Company overview

9.6.2. Key executive

9.6.3. Company snapshot

9.6.4. Product portfolio

9.7. ERGO GROUP AG

9.7.1. Company overview

9.7.2. Key executive

9.7.3. Company snapshot

9.7.4. Product portfolio

9.8. IMA ITALIA ASSISTANCE S.p.A.

9.8.1. Company overview

9.8.2. Key executive

9.8.3. Company snapshot

9.8.4. Product portfolio

9.9. INSURE & GO INSURANCE SERVICES LIMITED

9.9.1. Company overview

9.9.2. Key executive

9.9.3. Company snapshot

9.9.4. Product portfolio

9.10. ITALY TRAVEL COMPANY

9.10.1. Company overview

9.10.2. Company snapshot

9.10.3. Product portfolio

 

9.11. MAPFRE

9.11.1. Company overview

9.11.2. Key executive

9.11.3. Company snapshot

9.11.4. Product portfolio

9.11.5. Business performance

9.12. NOBIS INSURANCE COMPANY SpA

9.12.1. Company overview

9.12.2. Key executive

9.12.3. Company snapshot

9.12.4. Product portfolio

9.12.5. Key strategic moves and developments

9.13. REALE MUTUA ASSICURAZIONI

9.13.1. Company overview

9.13.2. Key executive

9.13.3. Company snapshot

9.13.4. Product portfolio

……..and view more in complete table of Contents

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