Research Report on Global Travel Insurance Market play an important role in improving the productivity of a business. The information provided in Travel Insurance Industry research report help companies to make informed marketing strategies. The study also provides how the target group will receive a product or service. In short this research report help business or organization understand legislative trends, industry shifts, and changes in consumer preferences.
Get Sample Copy on Covid -19 Effects on Global Travel Insurance Market @ https://www.htfmarketreport.com/sample-report/1018177-travel-insurance-market-1
The ongoing coronavirus (COVID-19) pandemic negatively impacted the travel insurance market in 2020. As several government organizations imposed stringent restrictions on travel, the tourism market witnessed a temporary downfall. There was a significant decline in the number of domestic as well as international tourists. The pandemic caused a significant decline in international travel in 2020, hampering the market growth adversely. However, with gradual relaxations on the lockdowns imposed, there will be a rise in the number of travelers in 2021 and 2022.
Company Coverage (Sales data, Main Products & Services etc.):
Berkshire Hathaway Specialty Insurance
Travel Insured International
Tokio Marine HCC Medical Insurance Services Group
Allianz Global Assistance
Seven Corners Inc.
Travel Insured International
CSA Travel Protection
MH Ross Travel Insurance Services
American Express Company
The insurance intermediaries sector dominated the travel insurance industry in 2019 and is projected to maintain its dominance during the forecast period. Due to several intermediaries upgrading their offerings by incorporating software such as global distribution system (GDS), which enables transactions between travel industry service providers such as airlines, hotels, car rental companies, and travel agencies.
The report focuses on the growth prospects, restraints, and trends of the travel insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the travel insurance market.
Rapid Growth in Tourism
Rise in the tourist population owing to increase in disposable income, extensive coverage for holidays, and easy online travel booking options have attributed to the growth in the tourism industry. With an increase in tourism, several incidences such as cancelled flights, accidents, health issues, theft or loss of baggage, natural calamities, and others such occurrences of uncertainties during travel. To mitigate the risks associated with such incidences, consumers are opting for travel insurance. Therefore, the growth of tourism industry is acting as a prime driver for the travel insurance market.
New Technological Developments in the Travel Insurance Industry
Increase in technological developments such as geo-location, application program interface (API), artificial intelligence (AI), data analytics, blockchain, and big data are providing innovative opportunities for insurers in the market. With these technological developments, travel insurance distribution platforms are expected to enhance productivity for providing coverages seamlessly at the point-of-purchase. Moreover, digital transformation enables travel insurance companies create highly personalized user experiences to their customers.
Purchase a Report Copy on Global Travel Insurance Industry @ https://www.htfmarketreport.com/buy-now?format=1&report=1018177
Travel Insurance Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Travel Insurance Demand Coverage (Market Size & Forecast, Consumer Distribution):
Travel Insurance Market Report provides market size and forecast till 2025 for overall Travel Insurance Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments.
Global Travel Insurance Industry Key Benefits:
o The study provides an in-depth analysis of the global Travel Insurance market, with current trends and future estimations to elucidate the imminent investment pockets.
o Quantitative analysis from 2015 to 2020 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
o The report provides data for 2015 and year-on-year forecasts from 2016 to 2025.
o Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
o Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
For Deep Analysis of Covid-19 Impact @ https://www.htfmarketreport.com/reports/1018177-travel-insurance-market-1
Table of Content for Global Travel Insurance Market Industry Report:
1 Industry Overview of Travel Insurance
1.1 Travel Insurance Market Overview
1.1.1 Travel Insurance Product Scope
1.1.2 Market Status and Outlook
1.2 Global Travel Insurance Market Size and Analysis by Regions
1.2.1 United States
2 Global Travel Insurance Competition Analysis by Players
2.1 Travel Insurance Market Size (Value) by Players (2017 and 2018)
2.2 Competitive Status and Trend
2.2.1 Market Concentration Rate
2.2.2 Product/Service Differences
2.2.3 New Entrants
2.2.4 The Technology Trends in Future
3 Company (Top Players) Profiles
3.1.1 Company Profile
3.1.2 Main Business/Business Overview
3.1.3 Products, Services and Solutions
3.1.4 Travel Insurance Revenue (Value) (2013-2018)
3.1.5 Recent Developments
3.2 Munich RE
3.2.1 Company Profile
3.2.2 Main Business/Business Overview
3.2.3 Products, Services and Solutions
3.2.4 Travel Insurance Revenue (Value) (2013-2018)
3.2.5 Recent Developments
Furthermore report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the Global Travel Insurance Market based on the type and application.
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.