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DUBLIN--(BUSINESS WIRE)--Sep 16, 2022--
The "Global Travel Insurance Market Size & Share to 2027" report has been added to ResearchAndMarkets.com's offering.
Travel insurance is mainly designed to cover the cost and losses associated with travelling. Travel insurance is useful protection for those travelling domestically or internationally. It is specialized form of insurance intended to cover financial default, medical expenses, and other sources of financial loss during travelling.
Market Drivers
Increase in tourism which led to several incidences like trip cancellers, loss of luggage and important documents, and medical emergencies is the key driving factor for market which is expected to boost the global travel insurance market growth.
Furthermore, increase in disposable income, easy online travel bookings, extensive coverage of holidays, package holidays, and others positively contribute the market growth.
Also, convenient options offered to customers for travel insurance purchases through online comparison shopping sites like direct airline sites and online travel agencies, company websites and applications will fuel the market growth over the forecast period. In addition to that, travel insurance providers offer various plans by covering costs and losses depending on coverage in the policy which is expected to propel the global travel insurance market growth.
Market Restraints
However, lack of awareness regarding travel insurance policies, and low consumer experiences in terms of coverage are major restraining factors which are expected to hinder the global travel insurance market growth during this analysis period.
Market Taxonomy
By Insurance Cover
By Distribution Channel
By End User
By Region
Key Questions Addressed by the Report
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e8gjsl
View source version on businesswire.com:https://www.businesswire.com/news/home/20220916005471/en/
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KEYWORD:
INDUSTRY KEYWORD: OTHER TRAVEL PROFESSIONAL SERVICES INSURANCE TRAVEL
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/16/2022 12:48 PM/DISC: 09/16/2022 12:48 PM
http://www.businesswire.com/news/home/20220916005471/en