The global travel insurance market had a valuation of US $22.54 billion in 2020, and by 2027, it is projected to have grown at a CAGR of 17.5% to reach US $69.70 billion. Travel insurance covers costs or losses suffered while travelling domestically or internationally as a result of unplanned circumstances.
Global Travel Insurance Market size was valued at US$ 22.54 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 17.5% through 2021 to 2027, reaching nearly US$ 69.70 Bn.
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Global Travel Insurance Market Scope:
The research also focuses on the top industry players in the Global Travel Insurance market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information.
Global Travel Insurance Market Overview:
This Global Travel Insurance market study’s purpose is to give an overview of the Global Travel Insurance market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major Global Travel Insurance companies, as well as notable industry trends and prospects.
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Global Travel Insurance Market Key Players:
• Generali
• AXA
• Allianz
• Munich RE
• Hanse Merkur
• AIG
• CSA Travel Insurance
• Groupama
• Mapfre Asistencia
• USI Affinity
• Seven Corners
• MH Ross
• Tokio Marine
• Sompo Japan
• Pingan Baoxian
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Regional Analysis:
The study also offers a complete PESTLE analysis for each of the five regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America, after considering the political, economic, social, and technical elements impacting the Global Travel Insurance market in these regions.
COVID-19 Impact Analysis on Global Travel Insurance Market:
The Global Travel Insurance Market Research Report provides an overview of the industry based on important factors such as market size, sales, sales analysis, and key drivers. During the projected period, the market is predicted to increase significantly (2021-2027). This report also includes the most recent market impacts of COVID-19. The pandemic’s spread has had a wide-ranging impact on people’s lives all around the world. As a result, markets have been compelled to embrace new norms, trends, and strategies. Essentially, the study report attempts to give a picture of the market’s initial and future estimates.
Key Questions answered in the Global Travel Insurance Market Report are:
- Which product segment had the largest share in the Global Travel Insurance market in 2020?
- How is the competitive landscape of the Global Travel Insurance market?
- Which are the key factors aiding the Global Travel Insurance market growth?
- Which region holds the maximum share in the Global Travel Insurance market?
- What will be the CAGR of the Global Travel Insurance market during the forecast period (2021-2027)?
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