North 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, 2016-2022
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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. Travel insurance covers the expenses incurred and minimizes the risks during travel. It acts as a cushion in an intense situation, thus governments of various countries and insurance regulatory bodies focus to create awareness related to travel insurance in terms of medical treatment, loss, trip issues, or evacuation from the country during the emergency.
North America Travel Insurance Market Key Segments:
By Distribution Channel
- Insurance Intermediaries
- Insurance Company
- Bank
- Insurance Broker
- Insurance Aggregators
- Others
By Insurance Cover
- Single Trip
- Annual Multi-trip
- Long Stay
By End User
- Senior Citizens
- Education Travelers
- Backpackers
- Business Travelers
- Family Travelers
- Fully Independent Traveler
By Country
- U.S.
- Canada
- Mexico
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Market Players in Value Chain:
- 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.)
- CSA Travel Protection (U.S.)
- Other market players include
- Travel Insurance Company (U.S.)
- Highway to Health, Inc. (U.S.),
- John Hancock (U.S.),
- WorldNomads.com Pty Limited (U.S.)
- International Medical Group, Inc. (U.S.)
Key Benefits
- A comprehensive analysis of the current trends and future estimations in the market are provided.
- The report elucidates on key drivers, restraints, and opportunities and a detailed impact analysis from 2016 to 2022.
- Quantitative analysis is provided from 2014 – 2022, with 2015 as the base year and forecast from 2016 – 2022.
- Porters Five Forces model of the North America travel insurance industry illustrates the potency of the buyers and suppliers in the market.
- A quantitative analysis of the current scenario and the forecast period highlights the financial competency of the market.
- The report provides a detailed analysis of the North America travel insurance market with respect to the distribution channel, insurance cover, end user, and country.
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