Industry Background:
The global business travel insurance market is expected to witness high growth in the forecasted period due to the rapidly changing global economic order & trade practices. Business travel insurance provides insurance cover for business trips of a customer or an organization and other many services. Additionally, it provides dismemberment benefits and accidental death coverage for employees who are traveling for their company’s business. The growth of the business travel market is driven by huge investments made by regional governments.
The Global Business Travel Insurance market presents a comprehensive analysis of the Business Travel Insurance market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Assicurazioni Genarali (Italy), Allianz (Germany), Seven Corners (United States), Travel Safe Insurance (United States), USI Insurance Services (United States), MH Ross Travel (United States), American International Group (United States), AXA Group (France), Chubb (United States) and Insure and Go Insurance Services Ltd. (United Kingdom).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Assicurazioni Genarali (Italy), Allianz (Germany), Seven Corners (United States), Travel Safe Insurance (United States), USI Insurance Services (United States), MH Ross Travel (United States), American International Group (United States), AXA Group (France), Chubb (United States) and Insure and Go Insurance Services Ltd. (United Kingdom) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand for Multi-Trip Policies, The Rise in Incidence of Loss of Luggage due to the Increase in Tourist Arrivals Acts and Expansion Of Overseas Business
Market Growth Drivers:
Significant Growth in Number of Business Trip and High Adoption of Business Travel Insurance in Enterprises
Challenges:
Stringent Regulations towards Travel Insurance
Restraints:
Lack of Awareness towards Business Travel Insurance among Consumers
Opportunities:
Travel Insurance is Mandated to Obtain VISA in Countries such as the U.S., France, Belgium, and Others and Increase in Global Safety Concerns
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Business Travel Insurance industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Distribution Channel, such as Insurance Trade, is boosting the Business Travel Insurance market and is anticipated to experience a steady growth during the forecast period.
The Type of User, such as B2B, is boosting the Business Travel Insurance market and is anticipated to experience a steady growth during the forecast period.
The Insurance Cover , such as Single Trip Travel Insurance, is boosting the Business Travel Insurance market and is anticipated to experience a steady growth during the forecast period.
The End User, such as Corporations, is boosting the Business Travel Insurance market and is anticipated to experience a steady growth during the forecast period.
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)