Global Travel Insurance Market
Dublin, April 26, 2022 (GLOBE NEWSWIRE) -- The "Global Travel Insurance Market (2022-2027) by Type, Distribution, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Travel Insurance Market is estimated to be USD 19.75 Bn in 2022 and is expected to reach USD 44.35 Bn by 2027, growing at a CAGR of 17.56%.
Market dynamics are forces that impact the prices and behaviors of the Global Travel Insurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Allianz Group, Aviva Plc, Berkshire Hathaway Specialty Insurance Company, Munich Reinsurance Company, Travelsafe Insurance, etc.
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
The report presents a detailed Ansoff matrix analysis for the Global Travel Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses Global Travel Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
The report offers a comprehensive evaluation of the Global Travel Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
A complete analysis of the market, including the parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1.1 Increase in Tourisum
4.1.2 High Cost of Medical Treatment Overseas
4.1.3 Mandate Travel Insurance in Some Countries
4.1.4 Rising Demand for Reimbursement of Expenditures
4.1.5 Increase in Mobile-Based Payment and Internet Banking
4.2.1 Varied Insurance Regulations across the Globe
4.2.2 Low Clarity Of The Travel Insurance Commitments
4.3.1 Incorporating Digital Tools by Insurance Market Players
4.3.2 Supportive Initiatives by Government
4.4.1 Lack of Awareness Regarding Travel Insurance Policy
4.4.2 Cyber Security Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Travel Insurance Market, By Type
6.2 Single-Trip Travel Insurance
6.3 Annual Multi-Trip Travel Insurance
6.4 Long- Stay Travel Insurance
7 Global Travel Insurance Market, By Distribution
7.2 Insurance Intermediaries
7.3 Insurance Companies
7.5 Insurance Brokers and Aggregators
8 Global Travel Insurance Market, By End-User
8.2 Educational Travel
8.3 Business Travelers
8.4 Family Travelers
8.5 Senior Citizen
9 Americas' Travel Insurance Market
9.9 United States
9.10 Rest of Americas
10 Europe's Travel Insurance Market
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa's Travel Insurance Market
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC's Travel Insurance Market
12.11 South Korea
12.12 Sri Lanka
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Allianz Group
14.2 American Express Company
14.3 American International Group Inc.
14.4 Assicurazioni Generali S.P.A.
14.5 Atlas Travel Insurance Services Ltd
14.6 Aviva Plc
14.7 AXA S.A
14.8 Bajaj Finserv Limited
14.9 Battleface Insurance Services Ltd
14.10 Berkshire Hathaway Specialty Insurance Company
14.11 China Life Insurance Company Limited.
14.12 China Pacific Life Insurance Co. Ltd
14.13 Chubb Limited
14.14 Mapfre Insurance Company Inc.
14.15 Ms&Ad Insurance Group Holdings, Inc
14.16 Munich Reinsurance Company
14.17 Ping An Insurance Company Of China, Ltd.
14.18 Prudential Financial Inc.
14.19 Saga Plc
14.20 Seven Corners Inc.
14.21 Travelex Insurance Services
14.22 Travelsafe Insurance
14.23 USI Insurance Services
14.24 Zurich Insurance Co. Limited
For more information about this report visit https://www.researchandmarkets.com/r/p5b9kv
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