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Travel Insurance

The Global Travel Insurance Market was valued at USD 13.61 Billion in 2021, and it is expected to reach a value of USD 71.33 Billion by 2028, at a CAGR of 26.70% over the forecast period (2022 - 2028).

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Travel Insurance

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  1. Global Travel Insurance Market Global Travel Insurance Market Insights The Global Travel Insurance Market was valued at USD 13.61 Billion in 2021, and it is expected to reach a value of USD 71.33 Billion by 2028, at a CAGR of 26.70% over the forecast period (2022 - 2028). Travel insurance provides service to travelers who have opted for it, in case of any disaster while they travel. Travelers can claim the insured amount if any unfortunate event occurs during the insured journey. The government instruction to opt the travel insurance due to rising tourism demand for all travelers is one of the major driving factors for the travel insurance market. These are important in a situation like failing to travel due to medical issues or some other problem and can claim the promised amount which will further propel the market growth in the coming period. Read more about https://skyquestt.com/report/travel-insurance-market

  2. Global Travel Insurance Market Segmental Analysis The Global Travel Insurance Market is segmented on the basis of Type, Distribution Channel, End-user, and Region. Based on Type, the market is segmented into Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance. Based on Distribution Channel, the market is segmented into Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators. Based on End-user, the market is segmented into Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others. Based on region, the global Travel Insurance market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. Global Travel Insurance Market Regional Insights In the year 2021, Europe held a major share in the travel insurance market and is anticipated to grow at the same rate. The increasing tourism and roving activity in the region due to administration schemes to improve tourism had a major impact on the growth of the travel insurance market. The Asia Pacific is anticipated to record exceptional progress during the analysis period. Growing income, vacation planning, and improving economic conditions ask for tourism throughout the region and will have a positive impact on the travel insurance market growth during the prediction period. Top Player’s Company Profiles •Allianz Partners (France) •American Express (US) •American International Group Inc. (US) •Arch Capital Group Ltd. (Bermuda) •Aviva PLC (UK) •Berkshire Hathaway Specialty Insurance (US) •China Pacific Insurance Co., Ltd. (China) •Chubb Limited (Switzerland) •Assicurazioni Generali Group (Italy) •Groupama Sigorta AS (France) •HanseMerkur Insurance Group (Germany) •InsureandGo (UK) •Ping An Insurance Company of China, Ltd. (China) •Seven Corners Inc. (US) •SOMPO Holdings, Inc. (Japan)

  3. •Travelex Insurance Services Inc. (US) •Zurich Insurance Group Ltd (Switzerland) Get sample copy https://skyquestt.com/sample-request/travel-insurance- market Recent Developments •In June 2022, Zurich Insurance Group Ltd has completely digitalized its international business programs with a state-of-the-art technology that will improve workflow and enhance customer experience. This exchange of data will help to provide better details about the policy and relevant risks in the given period. •In June 2022, Berkshire Hathaway Specialty Insurance has recently announced that in its plan to cover most of Europe they have also opened an office in the Lyon city of France. Which will start its operations in the country shortly and will continue to expand throughout Europe.

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