Pune, Jan. 28, 2022 (GLOBE NEWSWIRE) — Global Business Travel Insurance Market size is expected to gain momentum owing to the growing number of international tourists demanding financial protection while traveling during the forecast period. This information is published in this latest report, titled, “Business Travel Insurance Market, 2022-2028.” The business travel insurance market growth will be propelled by the rising need for reimbursement of expenses incurred due to the misplaced things, trip cancellations, and medical issues. When traveling overseas, the costs of such catastrophes can be high, and business travel insurance offers many compensation features that help to mitigate the risks.
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report: Breakdown data in in Chapter 3.
- Allianz
- AIG
- Zurich
- Genarali
- AXA Group
- PICC
- Tokio Marine
- Sompo Japan
- Chubb
- MetLife
- Mapfre Asistencia
- Hanse Merkur
- Pin An
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COVID-19 Impact-
Due to government-imposed severe lockdown measures, the COVID-19 epidemic slowed the growth of the business travel insurance market in the first half of 2020. Due to the enormous global health, social, and economic disaster created by the COVID-19 pandemic, travel and tourism are among the most affected businesses. In 2020, the number of domestic and international tourists declined dramatically.
Europe will dominate the business travel insurance market share, while North America is predicted to grow at the fastest rate. The growing development of enterprises and huge market share of the U.K. and Germany are likely to boost Europe’s position in the market.
By adding new insurance policies to their product portfolios, industry participants are focusing on growing their global reach. The travel sector is seeing an increase in foreign excursions, which will make it easier for companies to offer customized travel insurance packages.
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Segmentation by type:
- Single Trip Coverage
- Annual Multi Trip Coverage
- Other
Segmentation by application:
- Insurance Intermediaries
- Insurance Company
- Bank
- Insurance Broker
- Other
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Detailed TOC of Global Business Travel Insurance Market:
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Business Travel Insurance Market Size 2017-2028
2.1.2 Business Travel Insurance Market Size CAGR by Region 2017 VS 2022 VS 2028
2.2 Business Travel Insurance Segment by Type
2.2.1 Single Trip Coverage
2.2.2 Annual Multi Trip Coverage
2.2.3 Other
2.3 Business Travel Insurance Market Size by Type
2.3.1 Business Travel Insurance Market Size CAGR by Type (2017 VS 2022 VS 2028)
2.3.2 Global Business Travel Insurance Market Size Market Share by Type (2017-2022)
2.4 Business Travel Insurance Segment by Application
2.4.1 Insurance Intermediaries
2.4.2 Insurance Company
2.4.3 Bank
2.4.4 Insurance Broker
2.4.5 Other
2.5 Business Travel Insurance Market Size by Application
2.5.1 Business Travel Insurance Market Size CAGR by Application (2017 VS 2022 VS 2028)
2.5.2 Global Business Travel Insurance Market Size Market Share by Application (2017-2022)
3 Business Travel Insurance Market Size by Player
3.1 Business Travel Insurance Market Size Market Share by Players
3.1.1 Global Business Travel Insurance Revenue by Players (2020-2022)
3.1.2 Global Business Travel Insurance Revenue Market Share by Players (2020-2022)
3.2 Global Business Travel Insurance Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2020-2022)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Business Travel Insurance by Regions
4.1 Business Travel Insurance Market Size by Regions (2017-2022)
4.2 Americas Business Travel Insurance Market Size Growth (2017-2022)
4.3 APAC Business Travel Insurance Market Size Growth (2017-2022)
4.4 Europe Business Travel Insurance Market Size Growth (2017-2022)
4.5 Middle East & Africa Business Travel Insurance Market Size Growth (2017-2022)
Report 2:
Global Business Credit Insurance Market
Global Business Credit Insurance Market size is expected to augment due to growing focus on protection and mitigation of risks of goods & services from non-payment. There has been a growing demand for credit insurance all over the world as it provides protection from commercial and political risks that may harm the business. Prominent growth in banking, financial services, and insurance (BFSI) activities to create a positive look for business credit insurance. This information is published in an upcoming report, titled “Global Business Credit Insurance Market, 2022-2028”.
By Company
- Sinosure
- Euler Hermes
- Atradius
- Coface
- Zurich
- Credendo Group
- QBE Insurance
- Cesce
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Business credit insurance is an insurance designed for businesses to protect from commercial and political risks. It is a risk management that takes into account that safeguards and prevents the business from financial losses from unseen factors such as bankruptcy, insolvency or any other factors from the non-payment by purchasing goods & services. Trade discounts are purchase with the aim to protect account receivables. Rising import and export activities have given rise to Global Business Credit Insurance Market growth.
Segment by Type
- Domestic Trade
- Export Trade
Segment by Application
- Buyer: Turnover below EUR 5 Million
- Buyer: Turnover above EUR 5 Million
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TOC Points:
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Business Credit Insurance Breakdown Data by Type
5 Business Credit Insurance Breakdown Data by Application
Continued…
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