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The report covers the forecast and analysis of the corporate travel insurance market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the corporate travel insurance market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the corporate travel insurance market on a global level.
In order to give the users of this report a comprehensive view of the corporate travel insurance market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the corporate travel insurance market by segmenting the market based on insurance, insurance covered type, payment methods, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The strict rules implemented by the government for having insurance when planning a business tour is set to increase the adoption of insurance by the myriad corporate. Additionally, travel insurance helps in reducing the tour costs. All these aspects are anticipated to expand the surge of the corporate travel insurance industry over the forecast period. Nevertheless, the lower level of awareness about the insurance policies will hinder the market expansion over the forecast timeline.
Based on the insurance, the market for corporate travel insurance can be divided into single trip travel insurance, long-stay travel insurance, and annual multi-trip travel insurance. In terms of insurance covered type, the market can be classified into medical treatment, cancellation insurance, baggage loss, hospitalization, damage &theft, daily allowance, trip delay, loss of passport, and death itinerary. On the basis of payment methods, the industry is divided into a monthly outstanding balance method and a single payment method. Based on the distribution channel, the market is classified into the bank, insurable broker, insurance company, insurance intermediaries, and others.
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