Italy Travel Insurance Market Expected to Reach $590 Million by 2023

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Italy Travel Insurance Market
Opportunities and Forecasts, 2017 2023
Pages 105 Publish Date Dec 2017
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Italy Travel Insurance Market
The Italy travel insurance market is in its
growth phase, and is expected to grow at a CAGR
of 6.6 during the forecast period. The growing
tourism industry and rise in the number of
domestic and international travelers have fueled
the demand for travel insurance policies in
Italy. Rise in terrorist attacks in Europe and
increase in uncertainties during travel are
expected to drive the Italy travel insurance
market. Pankaj Lanjudkar Research Analyst,
BFSI at AMR
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Italy Travel Insurance Market Overview

• The Italy Travel Insurance Market was valued at
  377 million in 2016, and is projected to reach
  590 million by 2023, registering a CAGR of 6.6
  from 2017 to 2023. The long stay travel insurance
  segment is anticipated to witness the highest
  growth rate during the forecast period.
• The growth of the travel insurance market in
  Italy is mainly attributed to the increasing
  trend of availing travel insurance as a
  precondition for attaining Visa permit to ensure
  that travelers are adequately covered in case of
  medical emergencies in foreign countries and
  securing individuals from the high costs of
  health services during traveling. Further,
  terrorist attacks in Europe in the recent years
  has left many travelers on high alert. Travelers
  have become more alert about terrorist attacks,
  thus have been opting for travel insurance
  policies that provide cover against terrorism.
• Read more at https//www.alliedmarketresearch.co
  m/italy-travel-insurance-market

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Italy Travel Insurance Market Key Benefits

• The family traveler segment accounted for the
  highest revenue share to the Italy travel
  insurance market in 2016, and is expected to grow
  at a CAGR of 6.4 from 2017 to 2023.
• The insurance aggregator market by distributional
  channel is projected to grow at the highest CAGR
  during the forecast period.
• The single trip travel insurance segment
  generated the highest share in 2016, and is
  expected to continue its dominance throughout the
  study period.
• The senior citizens segment in end user category
  is expected to witness the highest growth rate
  during the forecast period.

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Italy Travel Insurance Market By Product Type
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Italy Travel Insurance Market By Distribution
Channel
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Italy Travel Insurance Market By End User
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Key Players In Industry

• UnipolSai Assicurazioni S.p.A.
• Reale Mutua Assicurazioni
• Gruppo Cattolica Assicurazioni
• DARAG Deutsche Versicherungs- und
  Rckversicherungs-AG
• Generali Group
• Allianz Group
• AXA Group
• Filo Diretto
• MAPFRE SA
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Italy Travel Insurance Market Segments
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