The Asia-Pacific travel insurance market is expected to reach $9,875 million by 2022, growing at a CAGR of 10.1% from 2016 to 2022.
PORTLAND, UNITED STATES, April 17, 2023 /EINPresswire.com/ — The Asia-Pacific travel insurance market is expected to reach $9,875 million by 2022, growing at a CAGR of 10.1% from 2016 to 2022.
Travel insurance provides security and protection for travelers while traveling domestically or internationally, whether on a business trip or vacation. It is considered essential to undertake a carefree trip. This type of insurance not only provides basic coverage such as health insurance and transportation in the event of repatriation, but also coverage for protection against missing checked baggage, trip cancellation, and other probable accidents.
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Evaluation of strategic partnerships-
The global Asia Pacific Travel Insurance Market is assessed based on product or service, vertical, application, and region. The market includes regions in North America (Mexico, Canada, and the United States), Europe (Italy, Germany, France, Spain, United Kingdom, and Rest of the Continent), Asia-Pacific (Japan, Australia , Korea, China, India and the rest of Asia-Pacific) and LAMEA (Africa, Latin America and the Middle East).
The expert specialists at Allied Market Research perform in-depth analyzes of the market environment and accurately predict the necessary driving and restraining factors. Stakeholders can build their business plans on these factors.
Key points from the report-
• Key players operating in the Asia-Pacific travel insurance market
• Key revenue-generating sectors with regional trends and opportunities
• Regulations and development trends
• Company portfolios, as well as their financial information and investment strategies
• Venture capitalists
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A comprehensive analysis of current trends and future estimates in the Asia Pacific travel insurance market is provided.
The report explains key drivers, restraints, and opportunities, along with a detailed impact analysis.
Quantitative analysis is provided from 2014 to 2022, with 2015 as the base year and forecasts from 2016 to 2022.
The Porters Five Forces model of industry illustrates the power of buyers and suppliers in the marketplace.
A quantitative analysis of the current scenario and the forecast period highlights the financial competence of the market.
The report provides a detailed market analysis with respect to distribution channel, insurance coverage, end user and country.
Highlights of the Asia-Pacific Travel Insurance Market Report
By distribution channel
By insurance coverage
Single trip travel insurance
annual multi-trip travel insurance
long stay travel insurance
Per end user
Fully Independent Travelers
Major Market Players American International Group Inc, Allianz Group, Ace Insurance Company Limited, Munich Reinsurance Company, Tokio Marine Holdings, Inc, China Pacific Insurance Co., Ltd, Bajaj Finserv Ltd, Ping An Insurance Company of China, Ltd, Dongbu Group , MS Insurance Group & AD Holdings, Inc.
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