Travel Insurance Market Competitive Status and Future
Trend Forecasts till 2025
Travel Insurance Market Report provides in-depth analysis of industry by
Production, Share, Size, Demand, Proposition, Development, Opportunistic
Growth, Economic Trends, Technologies Research, Segmentation , Key Futuristic
Investment Feasibility, Major key players, SWOT Analysis and Forecast.
23 Nov 2018 - Global Travel Insurance Market is segmented on the basis of insurance cover,
distribution channel, users, type, application and geography. The rise of low-cost airlines is the main
growth driver of the travel insurance market. With the emergence of low-cost airlines, there has
been an upsurge in the number of airport passengers. This, in turn, has led to a rise in the overall
travel insurance premium that has hiked profit margins of the top travel insurance vendors.
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The existing trend of non-conventional expenses being insured is expected to boost the market
growth in the years to come. For example, when a tourist opts for vacation rentals, the person gets
accommodation in furnished houses, apartments or resort condominium complex. The cost incurred
is inclusive of the deposits, expenses, and cancellation fee. Therefore, if a tourist (including a family