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Travel Insurance in the US - Industry Market Research Report

Travel Insurance

Over the past five years to 2018, the aging population and increasing globalization have underpinned growth in the underlying travel market. This is because individuals aged 50 and older purchase the most travel insurance, primarily for international trips, boosting revenue for the Travel Insurance industry. In addition to these positive trends, the number of international trips by US residents is expected to increase over the five years to 2018. Both rising per capita disposable income and corporate profit have been the leading drivers of increased demand for international travel. Over the five years to 2023, IBISWorld estimates that revenue for the Travel Insurance industry will increase. Improving disposable income levels and favorable demographic and globalization trends will drive revenue growth during the period.

This industry underwrites (i.e. assumes, pools and spreads out risk of financial losses over policyholders in exchange for premiums) travel insurance policies. Coverage can include losses from trip cancellation and delay, lost baggage and medical emergencies.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2018)
    • Table Industry Structure
  • Industry Performance
    • Table International trips by US residents
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2018)
    • Table Major market segmentation (2018)
    • Table Business Locations 2018
    • Table Establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major players
    • Table AIG (US industry-specific segment) - financial performance
    • Table American Express Company (US industry-specific segment) - financial performance
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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