Travel Insurance Market Is Booming Worldwide with Allianz, Trawick, GeoBlue
Stay up-to-date with Global Travel Insurance Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth.
If you are a
According to HTF Market Intelligence, the
Definition:
Travel insurance refers to the risk associated while traveling such as injury or death, loss of luggage, delays, and others. It provides numerous benefits such as trip cancellation, loss of luggage & travel documents, and others. Growing tourism is the key factor driving the travel insurance market in addition to increasing government initiative, for instance, to visit some countries such as Luxembourg,
Market Trends:
• Increasing Distribution Channels Such As Banks, Insurance Brokers, Aggregator and Others
• Emphasizing on Online Platform to
Market Drivers:
• Increasing Unusual Events Such As Natural Disasters and Terrorist Attacks
• Rising Awareness among Millennials to
Market Opportunities:
• Technological Developments in the Travel Insurance Industry
• Government Initiatives to Improve Travel Rule and Regulation
Revenue and Sales Estimation — Historical Revenue and sales volume are presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry.
SWOT Analysis on Travel Insurance Players
In addition to Market Share analysis of players, in-depth profiling, product/service, and business overview, the study also concentrates on BCG matrix, heat map analysis, FPNV positioning along with SWOT analysis to better correlate market competitiveness.
Demand from top-notch companies and government agencies is expected to rise as they seek more information on the latest scenario. Check the Demand Determinants section for more information.
Regulation Analysis
• Local System and Other Regulation: Regional variations in Laws for the use of
• Regulation and its Implications
• Other Compliances
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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Heat map Analysis, 3-
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (
•
•
•
• MEA (
Some Extracts from Travel Insurance Market Study Table of Content
Travel Insurance Market Size (Sales) Market Share by Type (Product Category) [
Travel Insurance Market by Application/End Users [Education Travelers, Business Travelers, Family Travelers]
Global Travel Insurance Sales and Growth Rate (2019-2029)
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
........and view more in complete table of Contents
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