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Travel insurance market: Growing tourism and business travels
The travel and tourism industry has witnessed substantial growth in recent years. The government of numerous countries has made it mandatory to attach travel insurance documents while applying for visas, which is also contributing to market growth. Major market vendors such as AXA and Allianz Group are incorporating digital tools to garner a larger customer base. Some insurers are offering insurance cover for COVID-19-related medical expenses for inbound travelers and extending the expiration period without adding extra charges in their policies. Government organizations of different countries are launching initiatives to boost international tourism, which will fuel the demand during the forecast period. Hence, the growth of the tourism industry will fuel gross premiums for the travel insurance market during the forecast period.

“The emerging technological developments and growing demand for travel insurance will further boost market growth during the forecast period”, says a senior analyst at Technavio.

Key Questions Answered in the Report:

  • Which are the leading segments in the travel insurance market?
  • What are the major challenges inhibiting the growth of the travel insurance market?
  • What are the key trends and opportunities to be explored in the travel insurance market?
  • Who are the major vendors, and what are their key offerings in the travel insurance market?

Find more details on the travel insurance market: https://www.technavio.com/report/travel-insurance-market-industry-analysis

Leading Travel Insurance Market Participants

Allianz Group
Allianz Group offers travel insurance policies through various business segments such as Property Casualty, Life or Health, Asset Management, Corporate and Other segments.

American Express Co.
American Express Co. provides travel insurance policies through various business segments such as Global consumer services group, Global commercial services, and Global merchant and network services.

American International Group Inc.
American International Group Inc. operates and offers travel insurance policies through various business segments such as General Insurance, Life and Retirement, Legacy Portfolio Other Operations segments.

Get more insights about the global trends impacting the future of the travel insurance market, Download FREE Sample @
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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Website:www.technavio.com/
Report Page: https://www.technavio.com/report/travel-insurance-market-industry-analysis

SOURCE Technavio

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