Global Travel Insurance Market 2016-2020 - Product Image

Global Travel Insurance Market 2016-2020

  • ID: 3775957
  • Report
  • Region: Global
  • 55 pages
  • TechNavio
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FEATURED COMPANIES

  • ACE Asia Pacific
  • Allianz Global Assistance
  • AXA
  • CSA Travel Protection
  • Seven Corners
  • TravelSafe Insurance
  • MORE
About the Travel Insurance Market

Travel insurance covers the expense, such as trip cancellation, cancellation due to the medical emergency, resulting from unexpected events during domestic and international travel. Some of these policies also pay for damage to rented equipment, such as car, or for ransom in case of kidnapping. Many online companies that sell flight tickets or tour packages offer travel insurance at an additional cost to its customers.

Travel insurance is a hard-selling product. Regulatory authorities and governments of several countries worldwide have made travel insurance mandatory, which will likely increase the uptake of these products during the forecast period and expand business and increase profitability of travel insurance providers. Growing market and evolving demand have pushed the insurance companies to develop and customize products to suit client needs, making the market highly competitive for the local and international private travel insurance companies that offer competitive pricing for their products.

The analysts forecast the global travel insurance market to grow at a CAGR of 11.6% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global travel insurance market for 2016-2020. To calculate the market size, the report considers the total gross premium generated from EMEA, APAC, and the Americas.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Travel Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- CSA Travel Protection
- Seven Corners
- TravelSafe Insurance
- USI Affinity

Other prominent vendors
- ACE Asia Pacific
- Allianz Global Assistance
- American International Group Inc.
- AXA

Market drivers
- Growing tourism and business travels
- For a full, detailed list, view the full report

Market challenges
- Different healthcare laws in different countries
- For a full, detailed list, view the full report

Market trends
- Insurance for unconventional expenses
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACE Asia Pacific
  • Allianz Global Assistance
  • AXA
  • CSA Travel Protection
  • Seven Corners
  • TravelSafe Insurance
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Definition of travel insurance
  • Insurance transaction
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Geographical segmentation
  • Geographical segmentation
  • Travel insurance market in EMEA
  • Travel insurance market in Americas
  • Travel insurance market in APAC
PART 07: Market drivers

PART 08: Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape
  • Competitive landscape
  • Major company overview
  • Other prominent vendors
  • Key takeaways
PART 13: Appendix
  • List of abbreviations
PART 14: About the Author

List of Exhibits
Exhibit 01: Key leading countries
Exhibit 02: Product and services offerings
Exhibit 03: Comparison of coverages of travel insurance plans
Exhibit 04: Lifecycle of insurance
Exhibit 05: Categories of travel insurance
Exhibit 06: Annual revenue passenger kilometers (billions)
Exhibit 07: Global travel insurance market 2015-2020 ($ billions)
Exhibit 08: Five forces analysis
Exhibit 09: Global travel insurance market 2015
Exhibit 10: Global travel insurance market 2020
Exhibit 11: Travel insurance market in EMEA 2015-2020 ($ billions)
Exhibit 12: Travel insurance offerings to different customer segments
Exhibit 13: Travel insurance market in Americas 2015-2020 ($ billions)
Exhibit 14: Travel insurance market in APAC 2015-2020 ($ billions)
Exhibit 15: Impact of drivers
Exhibit 16: Impact of drivers and challenges
Exhibit 17: Factors driving customer satisfaction
Exhibit 18: Customer satisfaction
Exhibit 19: Innovations in customer services
Exhibit 20: Buying behavior of customers in travel insurance products
Exhibit 21: Insurance segment with significant use of analytics (actuarial and underwriting)
Exhibit 22: Insurance segment with significant use of analytics (claims processing)
Exhibit 23: Insurance segment with significant use of analytics (fraud)
Exhibit 24: Social media benefits for insurance firms
Exhibit 25: Other prominent vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACE Asia Pacific
  • Allianz Global Assistance
  • AXA
  • CSA Travel Protection
  • Seven Corners
  • TravelSafe Insurance
  • MORE
New Report Released: – Global Travel Insurance Market 2016-2020

The author of the report recognizes the following companies as the key players in the global travel insurance market: CSA Travel Protection, Seven Corners, TravelSafe Insurance, and USI Affinity.

Other Prominent Vendors in the market are: ACE Asia Pacific, Allianz Global Assistance, American International Group Inc., and AXA.

Commenting on the report, an analyst from the research team said: “A trend which is helping to boost market growth is insurance for unconventional expenses. Vacation rentals are popular, especially in the US. Thus, when a tourist opts for vacation rentals, the person gets accommodation in furnished houses, apartments, or resort condominium complexes. Most vacation rentals have standardized cancellation policies (flexible, moderate, and strict), which protect both the guest and host alike and generate little or negligible reimbursements.”

According to the report, a key growth driver is the rise in tourism and business related travel. Globally, the travel and tourism industry contributed $7.8 trillion in revenue in 2015. The industry has outgrown other industries such as oil export, food products, or automobiles between 2012 and 2015, which may grow at an estimated 4% during the forecast period. It is predicted that the steady and gradual rise in tourism and business travels worldwide contributed 9.5% to the global GDP in 2015. We estimate that the tourism industry will generate an annual revenue of about $12 trillion in the next 10 years.

Further, the report states that one challenge that could hamper market growth is the variety in healthcare laws in different countries.

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 a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- CSA Travel Protection
- Seven Corners
- TravelSafe Insurance
- USI Affinity
- ACE Asia Pacific
- Allianz Global Assistance
- American International Group Inc
- AXA
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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