'Global travel insurance market' presentation slideshows

Travel Insurance Market Competitive Status and Future Trend Forecasts till 2025

The rise of low-cost airlines is the main growth driver of the travel insurance market. With the emergence of low-cost airlines, there has been an upsurge in the number of airport passengers. This, in turn, has led to a rise in the overall travel insurance premium that has hiked profit margins of the top travel insurance vendors. The existing trend of non-conventional expenses being insured is expected to boost the market growth in the years to come. For example, when a tourist opts for vacation rentals, the person gets accommodation in furnished houses, apartments or resort condominium complex.

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