(MENAFNEditorial) iCrowdNewswire - Oct 19, 2018
The global travel insurance market size is expected to be valued at more than USD 35 billion by 2025 owing to increasing levels of tourism globally. The global tourist arrivals reached approximately 11.9 billion in 2017.
Tourism has become the largest component of international trade in services, constituting 25% of total share. Thus, tourism growth has provided an impetus to travel insurance companies to capitalize on the rising demand for insurance among travellers. The rising awareness amongst young travellers regarding the need to secure their travel against medical and non-medical contingencies is a major factor driving the growth of global travel insurance industry.
Request for sample copy of Travel Insurance Market report at: Read more details of the report at: Key Segments of the Global Travel Insurance Market
Type Overview, 2015-2025 (USD Million)
- Medical Expenses
- Trip Cancellation
- Trip Delay
- Property Damages
Application Overview, 2015-2025 (USD Million)
- Domestic Travel
- Outbound Travel
Type of Travel Overview, 2015-2025 (USD Million)
- Business Travel
- Leisure Travel
Regional Overview, 2015-2025 (USD Million)
- North America
- Europe
- Spain
- UK
- Italy
- Germany
- Rest of Europe
- Asia-Pacific
- Australia
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global travel insurance industry.
- Growing trend of insuring one's travel against unforeseeable circumstance and ensure a peaceful travel experience is driving the demand for travel insurances. Major companies are therefore striving to offer innovative solutions coupled with the latest technological advancements to address the increasing demand for travel insurance.
- Global tourism is witnessing exponential growth due to several factors such as introduction of low fare aircraft carriers, increasing disposable income, and holiday entitlements amongst many others. Along with the boom in tourism, mandatory insurance regulations by several countries has provided lucrative revenue generation opportunities for insurance companies.
What does the report include?
- The study on the global travel insurance market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the PEST analysis.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application, type of travel and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
- Who should buy this report?
This study is suitable for industry participants and stakeholders in the travel insurance market. The report will benefit:
- Executives of travel insurance companies.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to travel insurance market.
- Venture capitalist looking into investing capital.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative travel insurance solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Enquire more details of the report at: About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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