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Consumer awareness of travel insurance is increasing owing to global events and health crises, leading to more proactive planning and securing comprehensive coverage. For instance, in October 2022, India International Insurance launched i-Journey, a travel insurance policy for Singapore residents. The policy offers comprehensive coverage for terrorism, travel delays, child protection, baggage loss, personal money, and home contents. It also includes COVID-19 extended coverage, including medical expenses, repatriation, travel cancellations, quarantine allowances, and follow-up treatment. As travel borders open, Singapore residents are eager to travel, as many international borders require proof of sufficient travel insurance for visas or entry.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Travel Insurance Market Report Segment
By Type
- Single-Trip Travel Insurance
- Annual Multi-Trip Travel Insurance
By Distribution Channel
- Insurance Companies
- Insurance Intermediaries
- Banks
- Insurance Brokers
- Other (Travel Agencies & Tour Operators, Retail Stores, and Specialty Travel Insurance Providers)
By End-User
- Senior Citizens
- Education Travelers
- Family Travelers
- Other (Business Travelers, and Expatriates and International Assignees)
Global Travel Insurance Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global travel insurance market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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