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Premium Forecast for Global Travel Insurance Market 2017-2023
Global Travel Insurance Market was valued at USD 24.09 billion in the year 2017. Global Travel Insurance market is further estimated to grow at a CAGR of 5.64 % from 2018 to reach USD 33.47 billion by the year 2023.
AIG Travel Guard (U.S), AXA SA (France), Generali Global Assistance (U.S), USI Affinity (U.S), Travel Safe (U.S), Allianz Global Assistance (U.S) and Berkshire Hathaway (U.S.) are some of the key players in the Global Travel Insurance market. Better global reach at operational level is the main reason the key players are holding substantial market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
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In-depth interviews were conducted with principal participants of the Global Travel Insurance Market, C-level executive, market experts, consultants, and trend analysts. This is paired with the extensive use of reliable secondary sources like company data bases and directories. Then, functional disciplines like financial management and logistics are identified to further market research. Analysts also considered taking every factor that could be used to identify strengths, opportunities, weaknesses, and threats of the Travel Insurance Market. These factors include annual revenue, key segments, production capacity, and new products. Industry standards are also identified for market analysis. This done together with the evaluation business practices within the market, understanding government’s presence in the industry, identifying leverage of Travel Insurance Market globally, studying commercial terms and conditions, and analyzing market issues and trends.
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Report Includes:-
The report cloaks the market analysis and projection of Travel Insurance Market on a regional as well as global level. The report constitutes qualitative and quantitative valuation by industry analysts, first-hand data, assistance from industry experts along with their most recent verbatim and each industry manufacturers via the market value chain. The research experts have additionally assessed the in general sales and revenue generation of this particular market. In addition, this report also delivers widespread analysis of root market trends, several governing elements and macro-economic indicators, coupled with market improvements as per every segment. Furthermore, the report contains diverse profiles of primary market players of Travel Insurance Market
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