Europe Travel Insurance Market Size and Forecast (2022-2030)


PORTLANDOREGAON, UNITED STATES, October 21, 2022 / — Allied Market Research published a report, “Europe Travel Insurance Market By Insurance Cover (One-way travel insuranceAnnual Multi-trip travel insuranceand Long stay travel insurance), distribution channel (insurance intermediaries, insurance companies, banks, insurance brokers and insurance aggregators) and end user (senior citizens, school travellers, business travellers, family travelers and others): Regional Opportunity Analysis and Industry Forecast 2020-2027”.

According to the latest report, over the next few years the market will witness a major peak in CAGR. Technological innovations and increase in disposable income would contribute significantly to the growth of the market. The report offers a comprehensive study of the major market players, key trends, and driving factors.

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The Global European travel insurance The market report includes detailed information about the driving factors and opportunities propelling the market growth. Additionally, the report includes an analysis of challenges and restraining factors, which helps market entrants understand the pitfalls of the industry. Technological advancements and an increase in demand are the major reasons for the growth of the market. The untapped potential of developing countries will open new opportunities in the years to come.

Market growth is analyzed using several strategic tools and methods. SWOT analysis and Porter’s Five analysis are offered in the report. These tools offer a detailed analysis of the major determinants of market growth and are essential for taking advantage of lucrative opportunities in the market.

The report will help leaders:
• Understand the dynamics of the market as a whole
• Inspect and review the competitive scenario and future market landscape with the help of different restraints including Porter’s five forces
• Understand the impact of different government regulations throughout the global health crisis and assess the Asia Pacific state of the radar market in difficult times
• Consider the portfolios of functional protruding players in the market in conjunction with the in-depth study of their products/services
• Have a compact idea of ​​the most revenue-generating segment

Key segments of the travel insurance market in Europe

By insurance coverage

One-way travel insurance
Annual Multi-trip travel insurance
Long stay travel insurance

By distribution channel

Insurance intermediaries
Insurance companies
Insurance brokers
Insurance aggregators

Per end user

The elderly
Education Travelers
business travelers
Family travelers

By country

Rest of Europe

The report includes a comprehensive analysis of sales, revenue, growth rate and market share of each segment over the historical period and the forecast period, along with graphs and tables.

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The Covid-19 pandemic has had a significant impact on the growth of the global market European travel insurance market. Prolonged lockdown in several countries and restrictions on import expert have disrupted the supply chain. In addition, labor shortages and rising commodity prices affected the market.

The Global European travel insurance the industry is analyzed based on the region as well as the competitive landscape of each region. Regions included in the report are North America (United States, Canadaand Mexico), Europe (Germany, France, UK, Russiaand Italy), Asia Pacific (China, Japan, Korea, Indiaand South East Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeriaand South Africa). This information helps in formulating business strategies and opening up lucrative opportunities.

The Global European travel insurance The market report includes a detailed analysis of the top 10 market players active in the global market. The study includes the analysis of sales, production and revenue. The main players in the market are Allianz, American International Group Inc., Assicurazioni Generali SPA., Aviva, AXA, European Travel Insurance Group, Insure & Go Insurance Services LimitedMutuaide, The April groupand Zürich. These market players have adopted several business strategies such as new product launches, mergers and acquisitions, partnerships and collaborations to maintain their presence in the market. The market report includes statistics, tables, and graphs to offer a detailed study of the Europe Travel Insurance industry.

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Allied Market Research (AMR) is a full-service market research and business advisory wing of Allied Analytics LLP situated at Portland, OR. Allied Market Research provides global enterprises as well as medium and small businesses with unrivaled quality “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

Pawan Kumarthe CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior executives from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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