As per the report published by Allied Market Research Titled “North America travel insurance”, the North America travel insurance market is estimated to showcase significant growth from 2020 to 2027. As per AMR, the recent developments in technology have an instrumental effect on the growth of the North America travel insurance market. The study offers a comprehensive analysis of the driving and restraining factors, lucrative opportunities, market segmentation, and study of major market players. The report includes a detailed analysis of the impact of the Covid-19 pandemic on the North America travel insurance market.
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The North America travel insurance market report includes an overview of the market and highlights market definition and scope along with major factors that shape the North America travel insurance market. The study outlines the major market trends and driving factors that boost the growth of the North America travel insurance market. The report includes an in-depth study of sales, market size, sales analysis, and prime drivers, challenges, and opportunities.
“North America Travel Insurance Market is estimated to reach $8,165 million by 2022, growing at a CAGR of 8.8% from 2016 to 2022”
The report offers a comprehensive study of market trends, major market players, and top investment pockets that help make strategic and informed decisions. The study includes a detailed analysis of the top impacting factors and investment pockets that affect the market growth and influence new opportunities in the future.
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The report includes an in-depth analysis of the impact of the Covid-19 outbreak on the market. The prolonged lockdown and restriction on international trade have a significant impact on the North America travel insurance market. The Covid-19 pandemic has resulted in a disrupted supply chain and shortage of raw materials, which has affected the market growth. The report includes consumer trends, preferences, and budget impact on the market due to the pandemic. Moreover, the report highlights the opportunity window and key strategic decisions taken by the market players during such unprecedented times.
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The North America travel insurance market report provides an in-depth segmentation of the market. The report provides a study of sales, revenue, growth rate, and market shares of each segment during the historic as well as forecast period. The North America travel insurance market report provides a detailed study of drivers, challenges, restraints, and opportunities in the market. The comprehensive analysis of the major drivers helps new market entrants to understand the current market scenario. The challenges and restraints are essential to comprehend the growth of the market during the forecast period and formulate strategic business plans accordingly. The analysis of the recent and upcoming market trends helps understand the market demand and futuristic opportunities in the market.
Key Market Segments Includes:
By Distribution Channel
• Insurance Intermediaries
• Insurance Company
• Insurance Broker
• Insurance Aggregators
By Insurance Cover
• Single Trip
• Annual Multi-trip
• Long Stay
By End User
• Senior Citizens
• Education Travelers
• Business Travelers
• Family Travelers
• Fully Independent Traveler
The technological advancements and advent of novel technologies such as artificial intelligence, cloud computing, big data, and cryptocurrency have an instrumental effect on the market growth. The report helps understand the role of such technologies in the market growth during the forecast period.
The market growth is formulated with the help of several methods and tools. The SWOT analysis offers in-depth knowledge of the major determinants of the market growth. Furthermore, these tools are essential for understanding the lucrative opportunities in the market.
Chapters of the Report are:
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. SECONDARY RESEARCH
1.4.2. PRIMARY RESEARCH
1.4.3. ANALYST TOOLS AND MODELS
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. TOP IMPACTING FACTORS
3.2.2. TOP INVESTMENT POCKETS
3.2.3. TOP WINNING STRATEGIES
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET POSITIONING, 2016
3.5. MARKET DYNAMICS
22.214.171.124. RISE IN TOURISM
Key offering of the Report:
- Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
- Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
- Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
- Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
- Competitive landscape: A detailed study of major market players that are active in the North America travel insurance market.
The North America travel insurance market report offers a detailed study of the top 10 market players present in the industry. The report includes production, sales, and revenue analysis of the market players. The major market players that are currently active in the market are Seven Corners Inc. (U.S.), Travel Safe Insurance (Chester Perfetto Agency, Inc.) (U.S.), USI Insurance Services, LLC. (U.S.), MH Ross Travel Insurance Services, Inc. (U.S.), American International Group Inc. (U.S.), Travel Insured International (U.S.), Berkshire Hathaway Travel Protection (U.S.), Travelex Insurance Services Inc. (U.S.), American Express Company (U.S.) and CSA Travel Protection (U.S.),. These market players have adopted various business strategies including mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market. The market report includes statistics, tables, and charts to offer a detailed study of the North America travel insurance industry.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.