Allied Market Research published a report, titled, βNorth America Travel Insurance Market by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators, and Others), Insurance Cover (Single Trip, Annual Multi-trip, and Long Stay), and End User (Senior Citizens, Educational Travelers, Backpackers, Business Travelers, Family Travelers, and Fully Independent Travelers) : Opportunity Analysis and Industry Forecast, 2016-2022β.
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The report offers an extensive analysis of changing market dynamics, key investment pockets, major segments, value chain analysis, competitive landscape, and investment feasibility. The research offers a detailed analysis of drivers, restraints, and opportunities of the North America travel insurance market. These insights provide necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
The research provides a comprehensive analysis of driving factors, restraining factors, and opportunities of the North America travel insurance market. This analysis is helpful in identifying driving forces, achieving maximum growth, and adopting strategies to sustain in the market. Furthermore, investors, market players, and new entrants are able to gain insights to explore the North America travel insurance market potential, avail new opportunities, and gain the competitive advantage. Detailed elaboration of each factor is mentioned in the report to help market players in thorough understanding.
Extensive Segmentation
By Distribution Channel
β’ Insurance Intermediaries
β’ Insurance Company
β’ Bank
β’ Insurance Broker
β’ Insurance Aggregators
β’ Others
By Insurance Cover
β’ Single Trip
β’ Annual Multi-trip
β’ Long Stay
By End User
β’ Senior Citizens
β’ Education Travelers
β’ Backpackers
β’ Business Travelers
β’ Family Travelers
β’ Fully Independent Traveler
β’ U.S.
β’ Canada
β’ Mexico
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An extensive analysis of each segment and sub-segment is offered in the research with in graphical and tabular formats. This analysis is helpful in determining the highest revenue generating and fastest growing segments and implementing different strategies to achieve the growth during the forecast period. Β Β Β Β Β Β Β Β
Covid-19 impact Analysis
- Manufacturing activities of North America travel insurance market halted due to lockdown measures taken place across many countries. Moreover, supply chain disruptions and shortage of raw materials created challenges in carrying out manufacturing in full capacity.
- The demand from end use industries reduced significantly due to halt in day-to-day operations during lockdown. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
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The report offers a detailed scenario of the North America travel insurance market during the Covid-19 pandemic. These insights are helpful for market players, investors, startups, and others to revise their strategies and minimize the impact on their businesses. The impact mentioned in the report is the result of thorough research.
Competitive Landscape
The report offers a detailed analysis of major market players operating in the North America travel insurance market. The leading market players profiled in the report 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.).. The competitive landscaope and the strategies adopted by market players are mentioned in the report. Β These North America travel insurance market players have adopted various strategies such as new product launches, partnerships, joint ventures, collaborations, mergers and acquisitions, expansion, and others to avail sustainable growth and strengthen their presence in the North America travel insurance market.
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