DUBLIN, July 4, 2022 /PRNewswire/ — The “Journey Insurance coverage Market: World Business Traits, Share, Measurement, Progress, Alternative and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s providing.
The worldwide journey insurance coverage market reached a worth of US$ 13.9 Billion in 2021. Trying ahead, the writer expects the market to achieve US$ 31.3 Billion by 2027, exhibiting a CAGR of 14.49% throughout 2021-2027. Retaining in thoughts the uncertainties of COVID-19, we’re repeatedly monitoring and evaluating the direct in addition to the oblique affect of the pandemic. These insights are included within the report as a serious market contributor.
Journey insurance coverage offers monetary safety for bills or losses incurred resulting from surprising occasions whereas home or abroad journey. It typically covers the prices of misplaced or stolen belongings, emergency medical care, unintended dying, and journey cancellation and interruption.
It takes into impact from the day of journey till the insured reaches again residence. These days, a number of corporations are offering journey insurance coverage with 24/7 emergency providers, corresponding to changing misplaced passports, money wire help and re-booking canceled flights. They’re additionally providing customization choices relying on the geographical location and as per the necessities of the insured people.
The substantial progress within the journey and tourism {industry} lately, on account of inflating disposable incomes, rising enterprise travels and the straightforward availability of on-line journey bookings and discounted bundle holidays represents one of many main elements bolstering the worldwide journey insurance coverage market progress.
Furthermore, governments of quite a few nations have made it necessary to connect journey insurance coverage paperwork whereas making use of for a visa, which can also be contributing to the market progress. Aside from this, main gamers are incorporating digital instruments, corresponding to software program interface (API), synthetic intelligence (AI), knowledge analytics and world positioning system (GPS), for enhancing distribution methods and offering customized person expertise.
Aggressive Panorama:
The report has additionally analysed the aggressive panorama of the market with a few of the key gamers being Allianz SE, American Specific Firm, American Worldwide Group, AXA SA, Berkshire Hathaway Specialty Insurance coverage Firm, Generali Group, Insure & Go Insurance coverage Companies (Mapfre S.A.), Seven Corners Inc., Journey Insured Worldwide Inc. (Crum & Forster), USI Affinity (USI Insurance coverage Companies) and Zurich Insurance coverage Group AG.
Key Questions Answered in This Report:
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How has the worldwide journey insurance coverage market carried out up to now and the way will it carry out within the coming years?
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What has been the influence of COVID-19 on the worldwide journey insurance coverage market?
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What are the important thing regional markets?
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What’s the breakup of the market primarily based on the insurance coverage kind?
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What’s the breakup of the market primarily based on the protection?
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What’s the breakup of the market primarily based on the distribution channel?
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What’s the breakup of the market primarily based on the tip person?
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What are the varied phases within the worth chain of the {industry}?
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What are the important thing driving elements and challenges within the {industry}?
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What’s the construction of the worldwide journey insurance coverage market and who’re the important thing gamers?
Key Matters Lined:
1 Preface
2 Scope and Methodology
3 Govt Abstract
4 Introduction
4.1 Overview
4.2 Key Business Traits
5 World Journey Insurance coverage Market
5.1 Market Overview
5.2 Market Efficiency
5.3 Influence of COVID-19
5.4 Market Forecast
6 Market Breakup by Insurance coverage Kind
6.1 Single-Journey Journey Insurance coverage
6.1.1 Market Traits
6.1.2 Market Forecast
6.2 Annual Multi-Journey Insurance coverage
6.2.1 Market Traits
6.2.2 Market Forecast
6.3 Lengthy-Keep Journey Insurance coverage
6.3.1 Market Traits
6.3.2 Market Forecast
7 Market Breakup by Protection
7.1 Medical Bills
7.1.1 Market Traits
7.1.2 Market Forecast
7.2 Journey Cancellation
7.2.1 Market Traits
7.2.2 Market Forecast
7.3 Journey Delay
7.3.1 Market Traits
7.3.2 Market Forecast
7.4 Property Harm
7.4.1 Market Traits
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Traits
7.5.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Insurance coverage Intermediaries
8.1.1 Market Traits
8.1.2 Market Forecast
8.2 Banks
8.2.1 Market Traits
8.2.2 Market Forecast
8.3 Insurance coverage Firms
8.3.1 Market Traits
8.3.2 Market Forecast
8.4 Insurance coverage Aggregators
8.4.1 Market Traits
8.4.2 Market Forecast
8.5 Insurance coverage Brokers
8.5.1 Market Traits
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Traits
8.6.2 Market Forecast
9 Market Breakup by Finish Person
9.1 Senior Residents
9.1.1 Market Traits
9.1.2 Market Forecast
9.2 Training Vacationers
9.2.1 Market Traits
9.2.2 Market Forecast
9.3 Enterprise Vacationers
9.3.1 Market Traits
9.3.2 Market Forecast
9.4 Household Vacationers
9.4.1 Market Traits
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Traits
9.5.2 Market Forecast
10 Market Breakup by Area
11 SWOT Evaluation
12 Worth Chain Evaluation
13 Porters 5 Forces Evaluation
14 Worth Evaluation
15 Aggressive Panorama
15.1 Market Construction
15.2 Key Gamers
15.3 Profiles of Key Gamers
15.3.1 Allianz SE
15.3.1.1 Firm Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Evaluation
15.3.2 American Specific Firm
15.3.2.1 Firm Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Evaluation
15.3.3 American Worldwide Group
15.3.3.1 Firm Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Evaluation
15.3.4 AXA SA
15.3.4.1 Firm Overview
15.3.4.2 Product Portfolio
15.3.5 Berkshire Hathaway Specialty Insurance coverage Firm
15.3.5.1 Firm Overview
15.3.5.2 Product Portfolio
15.3.6 Generali Group
15.3.6.1 Firm Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Evaluation
15.3.7 Insure & Go Insurance coverage Companies (Mapfre S.A.)
15.3.7.1 Firm Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Seven Corners Inc.
15.3.8.1 Firm Overview
15.3.8.2 Product Portfolio
15.3.9 Journey Insured Worldwide Inc. (Crum & Forster)
15.3.9.1 Firm Overview
15.3.9.2 Product Portfolio
15.3.10 USI Affinity (USI Insurance coverage Companies)
15.3.10.1 Firm Overview
15.3.10.2 Product Portfolio
15.3.11 Zurich Insurance coverage Group AG
15.3.11.1 Firm Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Evaluation
For extra details about this report go to https://www.researchandmarkets.com/r/2ase3m
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