Personal Travel Insurance Market To Watch: Big Spotlight On Market Giants| Allianz, AIG, Chubb
Advance Market Analytics added research publication document on Worldwide Personal Travel Insurance Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Personal Travel Insurance market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till 2030*. Some are the key & emerging players that are part of coverage and have being profiled are Allianz (Germany), Munich Re Group (Germany), AIG (United States), Assicurazioni Generali (Italy), Chubb (United States), Manulife (Canada), United Healthcare Global (United States), Mapfre (Spain), AXA (France), Tokio Marine Holdings (Japan),.
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Personal effects and luggage cover in personal travel insurance is the most frequently claimed benefit, however it is also the one which causes the most confusion at claims time. Personal travel insurance is designed to protect a person from unexpected events during travelling. It is a cost-effective way of protection for domestic as well as international travel. Its coverages include medical expenses, flight accident coverage, accidental death, and baggage and personal effect coverage. In addition to this, it also provides emergency services such as lost passports, cash wire assistance, and rebooking of cancelled flights.
In June 2020, Berkshire Hathaway Travel Protection has launched Exact Care Lite which is a new travel insurance that is made for road trip travellers. It can protect non-refundable lodging reservations and attraction tickets, trip disruption which is caused by traffic accidents and can protect families with kids-included pricing.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Personal Travel Insurance Market various segments and emerging territory.
Influencing Market Trend
·???????Emphasis on Online Platform to Sale Personal Travel Insurance
·???????Adoption of Technology in Insurance Industry
Market Drivers
·???????Increasing Tourism is Fuelling the Market Growth
·???????Ease of Availability of Package Holidays, Online Bookings, and Extensive Coverage of Holydays
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Opportunities:
·???????Government Initiatives for Travel Insurance
·???????Increasing Unusual Events Such as Natural Disasters and Terrorist Attacks
Challenges:
·???????Lack of Awareness Towards the Personal Travel Insurance
Analysis by End users (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), Travel (Domestic, International), Coverage (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), Distribution channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
? % Market Share, Segment Revenue, Swot Analysis for each profiled company [Allianz (Germany), Munich Re Group (Germany), AIG (United States), Assicurazioni Generali (Italy), Chubb (United States), Manulife (Canada), United Healthcare Global (United States), Mapfre (Spain), AXA (France), Tokio Marine Holdings (Japan),]
? Business overview and Product/Service classification
? Product/Service Matrix [Players by Product/Service comparative analysis]
? Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
? Consumption, Capacity & Production by Players
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The regional analysis of Global Personal Travel Insurance Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2030.
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Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
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Highlights of the Report
? The future prospects of the global Personal Travel Insurance market during the forecast period 2023-2030 are given in the report.
? The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
? The emerging technologies that are driving the growth of the market are highlighted in the report.
? The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
? The report studies the leading manufacturers and other players entering the global Personal Travel Insurance market.
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