Global Single Trip Travel Insurance Market to 2030 – Opportunity Analysis and Industry Forecast – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Single Trip Travel Insurance Market by Distribution Channel and End User: Global Opportunities Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.

A single trip travel insurance policy provides coverage for domestic or international travel. The policy will last until the traveler returns home from the trip.

All insurance companies have a cap on the number of days that should be counted as one trip. The single trip insurance policy covers the costs and losses of an international trip or a domestic trip. Generally, the insurance policy covers 180 days. However, the period of cover will depend on the insurer.

Rapid growth in tourism and increased use of digital distribution channels among insurers is driving the growth of the global one-way travel insurance market. Additionally, favorable government regulation of travel insurance is having a positive impact on the growth of the market. However, lack of awareness of single trip travel insurance policy is hampering the growth of the market. On the contrary, the introduction of new products and services and new technological developments in the travel insurance industry are expected to provide remunerative opportunities for the expansion of the single travel insurance market size over the period. forecast.

The one-way travel insurance market is segmented into distribution channel, end user, and region. According to the distribution channel, the market is divided into insurance intermediaries, insurance companies, banks, insurance brokers and insurance aggregators. In terms of end user, it differentiates into seniors, study travellers, business travellers, family travellers, and others. Regionally, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Key Benefits

  • The study provides an in-depth analysis of the global Single Trip Travel Insurance market forecast along with current and future trends to explain the impending investment pockets.

  • Information on major drivers, restraints and opportunities and their impact analysis on the global one-way travel insurance market trends are provided in the report.

  • Porter’s Five Forces Analysis illustrates the power of buyers and providers operating in the one-way travel insurance industry.

  • Quantitative analysis of the one-way travel insurance market share from 2021 to 2030 is provided to determine the market potential

Market dynamics

Drivers

  • Rapid growth in tourism

  • Increase in the use of the digital distribution channel among insurers

  • Favorable government regulations for travel insurance

Detention

  • Unawareness of one way travel insurance policy

Opportunities

  • Presentation of new products and services

  • New technological developments in the travel insurance industry

Key market segments

By distribution channel

  • Insurance intermediaries

  • Insurance companies

  • Banks

  • Insurance brokers

  • Insurance aggregator

Per end user

  • The elderly

  • Education Travelers

  • business travelers

  • Family travelers

  • Other

By region

  • North America

  • we

  • Canada

  • Mexico

  • Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Netherlands

  • The rest of Europe

  • Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

Key players

  • AGA Service Company

  • Bajaj Allianz General Insurance Company

  • Health Insurance

  • GeoBlue

  • HDFC ERGO General Insurance Company Limited

  • ICICI Lombard General Insurance Company SA

  • IFFCO-Tokio General Insurance Company Limited

  • National mutual

  • Reliance General Insurance

  • World Nomad Travel Insurance

For more information about this report visit https://www.researchandmarkets.com/r/5mvyxh

About Andrew Miller

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