Industry Background:
Flight Delay Insurance is a type of insurance that accounts for any unanticipated or undesired losses that can occur when travelling either internationally or domestically. Typical Flight Delay Insurance policies normally are designed to cover any medical emergencies during the period of travel, whereas more comprehensive travel insurance policies among other unanticipated charges during the period of travel.
The Global Flight Delay Insurance market presents a comprehensive analysis of the Flight Delay Insurance market by product type (Active Claims and Passive Claims), by end-user/application (Business Travel, Family Trip and Free Travel), 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 AIG (United States), Allianz (Germany), Swiss Re (Switzerland), Digit Insurance (India), Pacific Insurance (Malaysia), Ping An (China), ZhongAn Insurance (China), PICC (China), VisitorsCoverage (United States) and HanseMerkur (Germany).
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | AIG (United States), Allianz (Germany), Swiss Re (Switzerland), Digit Insurance (India), Pacific Insurance (Malaysia), Ping An (China), ZhongAn Insurance (China), PICC (China), VisitorsCoverage (United States) and HanseMerkur (Germany) |
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 |
Flight Delay Insurance Market Dynamics:
Attributes | Details |
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Growth Drivers | - Demand for Business Travels and Availability of Online Travel Booking Facilities are Fueling the Growth
- Increasing Flight Cancelation for Several Reasons and Virus Outbreak are expected to accelerate the market
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Influencing Trends | - Vendors Are Majorly Focusing on Large Untapped Markets
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Restraints | - High Cost is One of the Major Restraints of the Market According to the Customers
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Road Blocks / Challenges | - Challenge Regarding Lowering the Cost in the Flight Delay Insurance Industry
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Gaps & Opportunities | - COVID-19 is Expected to Boost the Demand for Flight Delay Insurance to Reduction & Risk of Travelers Opportunities
- Large Untapped Market Worldwide
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Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Flight Delay Insurance industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest.
The Insurance Cover, such as Single-Trip Travel Insurance, is boosting the Flight Delay Insurance market and is anticipated to experience a steady growth during the forecast period.
The End User, such as Senior Citizens, is boosting the Flight Delay Insurance market and is anticipated to experience a steady growth during the forecast period.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout 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)