Personal Travel Insurance Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

Latest Report Available at Advance Market Analytics, “Personal Travel Insurance Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.

The global Personal Travel Insurance market focuses on encompassing major statistical evidence for the Personal Travel Insurance industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Personal Travel Insurance study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.

Some key players in the global Personal Travel Insurance market 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)

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.

What's Trending in Market: Emphasis on Online Platform to Sale Personal Travel Insurance

Adoption of Technology in Insurance Industry

Challenges: Lack of Awareness Towards the Personal Travel Insurance

Market Growth 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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The Global Personal Travel Insurance Market segments and Market Data Break Down 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)

Presented By

AMA Research & Media LLP