PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1507691
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1507691
United Kingdom Travel Insurance Market Introduction and Overview
According to SPER Market Research, 'United Kingdom Travel Insurance Market Size by Type, by Application, by Type of Travel, by Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the United Kingdom Travel Insurance market is estimated to reach USD 954.67 million by 2033 with a CAGR of 4.79%.
Travel insurance offers monetary security for costs or damages resulting from unforeseen circumstances during domestic or international travel. Generally speaking, it pays for emergency medical care, accidental death, lost or stolen property, and interrupted or cancelled trips. It begins on the day of travel and lasts till the covered person returns home. In addition to emergency services like cash wire assistance, passport replacement,
Travel insurance providers will be under a lot of pressure from COVID-19 since medical and cancellation claims-which accounted for more than 90% of all claims paid out in 2019-remain a challenge for the industry. The ability of the economy to recover in the wake of the epidemic will have a big effect on the travel insurance market.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Application, By Type of Travel, By Distribution Channel
Regions covered Central Region, East Region, North Region, South Region, West Region
Companies Covered Allianz, American International Group, Inc., AXA, ASSICURAZIONI GENERALI S.P.A., Aviva, AllClear, ABTA, Chubb, Europ Assistance, KBC Group.
United Kingdom Travel Insurance Market Segmentation:
By Type: Based on the Type, United Kingdom Travel Insurance Market is segmented as; Medical Expenses, Trip Cancellation, Trip Delay, Property Damage.
By Application: Based on the Application, United Kingdom Travel Insurance Market is segmented as; Domestics Travel, International Travel.
By Type Of Travel: Based on the Type Of Travel, United Kingdom Travel Insurance Market is segmented as; Business Travel, Leisure Travel.
By Distribution Channel: Based on the Distribution Channel, United Kingdom Travel Insurance Market is segmented as; Direct Sales, Indirect Sales.