Travel insurance market

1
Travel Insurance Market is expected to be USD 45
billion by 2027
2
Industry Overview

• The COVID-19 pandemic has caused numerous Travel
  Insurance Market players to collaborate with
  airline operators and travel agencies for the
  provision of COVID-19 medical covers and other
  incentives to passengers. Citing an instance, in
  November 2020, Emirates announced the expansion
  of its multi-risk travel insurance coverage,
  making it automatically applicable to all tickets
  that were bought from December 1, 2020. The
  company also extended this scheme to Emirates
  codeshare flights, operated by the companys
  partner airlines, provided the ticket number
  began with 176.
• As expressed by Emirates Chairman and CEO, Sheikh
  Ahmed bin Saeed Al Maktoum, Emirates witnessed a
  strong appetite for travel at the global level,
  particularly at the time of winter holidays when
  people are usually in search of family
  destinations and warmer climates like Dubai. Such
  steps are touted to bolster travel insurance
  industry growth, impelling revenue expansion over
  the forthcoming years.
• The global travel insurance market size is
  estimated to surpass USD 45 billion by 2027,
  cites the latest research by Global Market
  Insights, Inc.

3
Continue

• This upsurge is chiefly attributed to the
  increasing demand for a single travel insurance
  policy that provides coverage to the entire
  family. The higher demand is because these
  policies not only ensure financial security on
  foreign trips but also eliminate the requirement
  of purchasing separate plans for each family
  member.
• In addition, a family travel insurance plan also
  offers customers safeguards from probable risks
  and uncertainties that might take place in the
  event of travel to an international destination.
  This travel insurance covers customers against
  losses arising from ticket cancellations, hotel
  cancellations, theft, medical costs, and luggage
  loss.
• Medical travel insurance also provides coverage
  for the costs incurred in case of medical
  emergencies like climate change during
  international trips could have an adverse
  implication on the health of children.
• Meanwhile, the multi-trip insurance segment in
  the travel insurance industry is slated to depict
  appreciable growth through 2027 on account of
  several trips made by business professionals to
  international destinations every year.

4

Browse Full Market Research Report Of Travel
Insurance Market _at_ http//bit.ly/2ZlN0K0
Request for a Sample of this Research
report _at_ http//bit.ly/3aqO7yK
5
Travel Insurance Market

6
Stay In Touch Website www.gminsights.com Soci
al Media