The global travel insurance market is expected to grow by USD 9.88 bn during 2022-2026, accelerating at a CAGR of 9.23% during the forecast period. The data is as per Reportlinker.com from its report “Global Travel Insurance Market 2022-2026”
The market is driven by the growing tourism and business travels, new technological developments, and growing demand for travel insurance. The travel insurance market analysis includes the end-user segment and geographic landscape. The travel insurance market is segmented as below: By end-user; senior citizens, business travel, family travel and others. By geography, North America, Europe, APAC, The Middle East and Africa, South America
This study identifies insurance for unconventional expenses as one of the prime reasons driving the travel insurance market growth during the next few years. Also, advances in technology and new distribution channels will lead to sizable demand in the market.
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading travel insurance market vendors that include Allianz Group, American Express Co., American International Group Inc., Arch Capital Group Ltd., Aviva Plc, AXA Group, Berkshire Hathaway Specialty Insurance Co., Groupama Assurances Mutuelles, HanseMerkur Reiseversicherung AG, HDFC Bank Ltd., HTH Travel Insurance, IMG Travel Insurance, Insure and Go Insurance Services Ltd., Seven Corners Inc., Travel Insured International, Travelex Group Companies, TravelSafe Insurance, Trip Mate Inc., USI Insurance Services, and Zurich Insurance Co. Ltd.
Also, the travel insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Comments are closed.