(Wireless-NewsWire.Com, April 04, 2019 ) The business travel insurance market is gaining popularity due to increase in international trade, overseas business expansion, rapidly changing global economic order & trade practices, and the increase in need to maintain worldwide client relations. Rise in incidence of loss of luggage due to increase in tourist arrivals acts as a major driver for the market. Travel insurance is mandated to obtain VISA in countries such as the U.S., France, Belgium, and others. However, low awareness towards business travel insurance among consumers restrains the growth of the market. Stringent regulations towards travel insurance and increase in global safety concerns provide lucrative opportunities for the market.
Business travel insurance provides insurance cover for the purpose of business trips of a customer or for an organization. In addition, it provides risk cover against medical and hospitalization expenses for accident or illness, including medical evacuation if necessary, death or permanent disability, loss or delay of baggage, cancellation of flight due to weather condition, trip cancellation, and loss of passport & other travel documents.
This study answers several questions for stakeholders, primarily which market segments they should focus upon during the next years to prioritize their efforts and investments.
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Based on products type, the report describes major products type share of regional market. Products mentioned as follows: B2B B2C B2B2C
Leading vendors in the market are included based on profile, business performance etc. Vendors mentioned as follows: Assicurazioni Genarali (Italy) Allianz (Germany) Seven Corners (U.S.) Travel Safe Insurance (U.S.) USI Insurance Services (U.S.) MH Ross Travel (U.S.) American International Group (U.S.) AXA Group (France) Chubb (U.S.)
Based on Application, the report describes major application share of regional market. Application mentioned as follows: Insurance Trade Insurance Company Bank Insurance Broker Insurance Aggregator Others
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Based on region, the report describes major regions market by products and application. Regions mentioned as follows: Asia-Pacific North America Europe South America Middle East & Africa
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Table of Content
1 Market Overview
2 Industry Chain
3 Environmental Analysis
4 Market Segmentation by Type
5 Market Segmentation by Application
6 Market Segmentation by Region
7 Market Competitive
8 Major Vendors
9 Conclusion
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