Travel Insurance Market Top Companies, Trends and Future Details for Business Opportunity 2023-2028

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Global Travel Insurance Market Research and
Forecast Report 2023-2028




Author Elena Anderson Marketing Manager IMARC
Group
2022 IMARC All Rights Reserved
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
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About IMARC Group
Report Description
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Report Description and Highlights
Report Description
Global Travel Insurance Market Research Report
2023-2028 According to the latest report by
IMARC Group, titled "Travel Insurance Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028," the global
travel insurance market size reached US 15.9
Billion in 2022. Travel insurance refers to a
type of guaranteed policy scheme that offers
financial protection for losses or expenses
incurred due to unexpected events during overseas
or domestic travel. It usually covers the cost of
emergency medical care, trip cancellation and
interruption, lost or stolen belongings,
accidental death, and losses that may occur while
traveling. It provides different levels of travel
protection, such as the maximum amount of
coverage and any exclusions or restrictions.
Several insurance companies are offering travel
insurance with continuous emergency services,
including cash wire assistance, re-booking
canceled flights, restoring expired visas,
replacing lost passports, and customization
options as per geographical location and the
requirements of the insured individuals, due to
which its demand is augmenting among the
masses. Request for a PDF sample of this report
https//www.imarcgroup.com/travel-insurance-marke
t/requestsample

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Report Description and Highlights
Report Description

Global Travel Insurance Market Trends
Significant growth in the tourism industry
majorly drives the global market. This can be
supported by the escalating number of individuals
traveling for leisure, business, or educational
purposes. Since business travelers often require
more comprehensive travel insurance policies,
such as for liability, legal assistance, and
emergency evacuation, this is further impacting
the market. Along with this, the growing
geriatric population is impelling the demand for
travel insurance policies as it provides coverage
for pre-existing medical conditions,
hospitalization, and prescription drug coverage
to senior travelers. With a considerable rise
in the number of travelers post-pandemic, there
is a significant increase in the demand for
travel insurance among individuals. Coupled with
this, the governments of numerous countries are
making it mandatory to attach travel insurance
documents, especially while applying for a visa,
which is acting as another growth-inducing factor
for the market. Moreover, the escalating adoption
of digital tools, such as artificial intelligence
(AI), the global positioning system (GPS), data
analytics, and application program interface
(API), to enhance distribution systems and
provide personalized user experiences is creating
a positive market outlook.
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Report Description and Highlights
Report Description

On account of the aforementioned factors, the
market is anticipated to reach a value of US
33.7 Billion by 2028, exhibiting a CAGR of 12.6
during 2023-2028. View Report TOC, Figures and
Tables https//www.imarcgroup.com/travel-insuranc
e-market
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Report Description and Highlights
Report Description

• Key Market Segmentation
• The research report includes the following
  segments
• Breakup by Insurance Type
• Single-Trip Travel Insurance
• Annual Multi-Trip Insurance
• Long-Stay Travel Insurance
• Breakup by Coverage
• Medical Expenses
• Trip Cancellation
• Trip Delay
• Property Damage
• Others
• Breakup by End User
• Senior Citizens
• Education Travelers
• Business Travelers
• Family Travelers

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Report Description and Highlights
Report Description

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• Breakup by Distribution Channel
• Insurance Intermediaries
• Banks
• Insurance Companies
• Insurance Aggregators
• Insurance Brokers
• Others
• Breakup by Region
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Report Description and Highlights
Report Description

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• Competitive Landscape with Key Players
• Allianz SE
• American Express Company
• American International Group
• AXA SA
• Berkshire Hathaway Specialty Insurance Company
• Generali Group
• Insure Go Insurance Services (Mapfre S.A.)
• Seven Corners Inc.
• Travel Insured International Inc. (Crum
  Forster)
• USI Affinity (USI Insurance Services)
• Zurich Insurance Group AG.

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Key Questions Answered in the Report
Report Description

1. What was the size of the global travel
insurance market in 2022? 2. What is the expected
growth rate of the global travel insurance market
during 2023-2028? 3. What are the key factors
driving the global travel insurance market? 4.
What has been the impact of COVID-19 on the
global travel insurance market? 5. What is the
breakup of the global travel insurance market
based on the insurance type? 6. What is the
breakup of the global travel insurance market
based on the coverage? 7. What is the breakup of
the global travel insurance market based on
distribution channel? 8. What is the breakup of
the global travel insurance market based on the
end user? 9. What are the key regions in the
global travel insurance market? 10. Who are the
key players/companies in the global travel
insurance market?
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Table of Contents
Report Description

1 Preface 2 Scope and Methodology 2.1
Objectives of the Study 2.2 Stakeholders
2.3 Data Sources 2.3.1 Primary
Sources 2.3.2 Secondary Sources
2.4 Market Estimation 2.4.1
Bottom-Up Approach 2.4.2 Top-Down
Approach 2.5 Forecasting Methodology 3
Executive Summary 4 Introduction 4.1
Overview 4.2 Key Industry Trends 5
Global Travel Insurance Market 5.1 Market
Overview 5.2 Market Performance 5.3
Impact of COVID-19 5.4 Market Forecast
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Table of Contents
Report Description
6 Market Breakup by Insurance Type 6.1
Single-Trip Travel Insurance 6.1.1 Market
Trends 6.1.2 Market Forecast 6.2
Annual Multi-Trip Insurance 6.2.1 Market
Trends 6.2.2 Market Forecast 6.3
Long-Stay Travel Insurance 6.3.1 Market
Trends 6.3.2 Market Forecast 7 Market
Breakup by Coverage 7.1 Medical Expenses
7.1.1 Market Trends 7.1.2 Market
Forecast 7.2 Trip Cancellation
7.2.1 Market Trends 7.2.2 Market
Forecast Click here to visit the complete table
of content with list of figures and tables
https//www.imarcgroup.com/travel-insurance-marke
t/toc

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

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